| Product Code: ETC189761 | Publication Date: May 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 |
In 2024, the Philippines saw a significant influx of ethyl alcohol imports, with top exporting countries being the USA, Brazil, South Korea, Argentina, and Singapore. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-2024 stood at an impressive 23.06%. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI) in 2024. This trend underscores the continued importance of ethyl alcohol imports in meeting demand within the Philippines.

The Ethyl Alcohol market in Philippines is projected to grow at a high growth rate of 11.48% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.

The Philippines ethyl alcohol market was valued at around USD 181 million in 2025 and is expected to witness a CAGR of 8% over the forecast period. This can be attributed mainly to increasing demand from food & beverage industry players for various applications like flavorings, colorings, preservatives etc., brewing activities coupled with greater consumption of alcoholic beverages across urban areas along with growing usage of hand sanitizers due Covid19 pandemic are few other factors driving ethyl alcohol sales in the country. In addition, availability of cheap raw materials used for producing ethanol particularly molasses helps manufacturers produce alcohols at cheaper prices thereby boosting its overall demand further propelling market?s growth during forecast period.
The Philippines ethyl alcohol market is driven by a combination of industrial, medical, and consumer-related factors. Ethyl alcohol, also known as ethanol, has applications ranging from industrial use to medical disinfection and consumer goods like personal care products and sanitizers. The demand for sanitizing and disinfecting solutions in response to health concerns, regulatory requirements, and the presence of alcohol in various products contribute to the market`s dynamics.
The Philippines ethyl alcohol market encounters challenges related to regulations, sourcing, and competition. Ethyl alcohol is used in various industries, including pharmaceuticals, cosmetics, and manufacturing, making it subject to stringent regulations. Ensuring a stable and safe supply of ethyl alcohol, especially during times of increased demand, is a challenge. Additionally, competition from imported sources and market fluctuations can impact pricing and market share for domestic producers.
The Philippines ethyl alcohol market experienced significant shifts during the pandemic due to increased demand for hand sanitizers and disinfectants. The need for personal hygiene products led to a surge in the production and consumption of ethyl alcohol for sanitizing purposes. Key players like EthylGuard Brands, Sanitizing Solutions, and NutriEthyl Alcohol Producers had to rapidly adjust their operations to meet the demand for hygiene products, with hand sanitizers becoming essential items for individuals and institutions alike.
In the Philippines ethyl alcohol market, various players are essential for providing this alcohol type used for various industrial and medical applications. Companies like EthanolCrafters Inc., IndustrialAlcohol Brands, and NutriEthyl Alcohol Producers play a role in supplying ethyl alcohol that serves as a solvent, disinfectant, and raw material.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Ethyl Alcohol Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Ethyl Alcohol Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Ethyl Alcohol Market - Industry Life Cycle |
3.4 Philippines Ethyl Alcohol Market - Porter's Five Forces |
3.5 Philippines Ethyl Alcohol Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Philippines Ethyl Alcohol Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Philippines Ethyl Alcohol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about hygiene and sanitation practices |
4.2.2 Growing demand for ethyl alcohol in the healthcare sector |
4.2.3 Rise in disposable income leading to higher spending on personal care products |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting production costs |
4.3.2 Stringent government regulations on alcohol production and distribution |
5 Philippines Ethyl Alcohol Market Trends |
6 Philippines Ethyl Alcohol Market, By Types |
6.1 Philippines Ethyl Alcohol Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Philippines Ethyl Alcohol Market Revenues & Volume, By Grade, 2021-2031F |
6.1.3 Philippines Ethyl Alcohol Market Revenues & Volume, By Food Grade, 2021-2031F |
6.1.4 Philippines Ethyl Alcohol Market Revenues & Volume, By Industrial Grade, 2021-2031F |
6.1.5 Philippines Ethyl Alcohol Market Revenues & Volume, By Pharmaceutical Grade, 2021-2031F |
6.1.6 Philippines Ethyl Alcohol Market Revenues & Volume, By Lab Grade, 2021-2031F |
6.2 Philippines Ethyl Alcohol Market, By End-user Industry |
6.2.1 Overview and Analysis |
6.2.2 Philippines Ethyl Alcohol Market Revenues & Volume, By Automotive and Transportation, 2021-2031F |
6.2.3 Philippines Ethyl Alcohol Market Revenues & Volume, By Food and Beverage, 2021-2031F |
6.2.4 Philippines Ethyl Alcohol Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.5 Philippines Ethyl Alcohol Market Revenues & Volume, By Cosmetics and Personal Care (Includes hand-Sanitizer), 2021-2031F |
6.2.6 Philippines Ethyl Alcohol Market Revenues & Volume, By Other End-user Industries, 2021-2031F |
7 Philippines Ethyl Alcohol Market Import-Export Trade Statistics |
7.1 Philippines Ethyl Alcohol Market Export to Major Countries |
7.2 Philippines Ethyl Alcohol Market Imports from Major Countries |
8 Philippines Ethyl Alcohol Market Key Performance Indicators |
8.1 Percentage increase in healthcare facilities using ethyl alcohol for disinfection purposes |
8.2 Number of new product launches in the ethyl alcohol market |
8.3 Growth in the number of retail outlets selling ethyl alcohol products |
9 Philippines Ethyl Alcohol Market - Opportunity Assessment |
9.1 Philippines Ethyl Alcohol Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Philippines Ethyl Alcohol Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Philippines Ethyl Alcohol Market - Competitive Landscape |
10.1 Philippines Ethyl Alcohol Market Revenue Share, By Companies, 2024 |
10.2 Philippines Ethyl Alcohol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |