Thailand Ethanol Market report thoroughly covers the Thailand Ethanol Market by purity, source, and application. The Thailand Ethanol Market outlook report provides an unbiased and detailed analysis of the ongoing Thailand Ethanol Market trends, opportunities/high growth areas, market drivers, and Thailand Ethanol Market share by companies, which would help stakeholders to device and align market strategies according to the current and future market dynamics.

Latest 2023 Development of the Thailand ethanol Market

The Thailand ethanol market has been steadily increasing due to the government's policies to promote the use of renewable energy and reduce greenhouse gas emissions. Additionally, several ethanol producers in Thailand are expanding their production capacities to meet the rising demand. For example, Thai Roong Ruang Energy Co. is planning to expand its ethanol plant in Saraburi province, while Khonburi Sugar Public Co. is investing in a new ethanol plant in Nakhon Ratchasima province. Moreover, Thailand signed an agreement with Japan to promote the use of ethanol in the country. The two countries agreed to work together to develop technologies for producing and using ethanol, as well as to promote its use in the transportation sector.

The demand for ethanol in Thailand has been growing due to its use as a biofuel additive in gasoline. The government's policy to promote the use of ethanol-blended gasoline has helped to boost demand for the fuel. Additionally, in the Thailand ethanol industry, the government has implemented policies aimed at promoting the use of renewable energy sources, including ethanol. One of the policies is the Biofuel Act, which mandates that gasoline sold in the country must contain a certain percentage of ethanol. Additionally, with the growing demand for ethanol, there has been an increase in investments in production facilities. 

Thailand Ethanol Market Synopsis

Thailand Ethanol Market is expected to witness growth in the upcoming years due to the rising consumption and production of ethanol as a fuel in the country. The increasing demand for premium quality alcoholic beverages along with increasing production of molasses, changing tastes and preferences of people, increasing disposable income, and changing lifestyles are the key factors increasing the demand for the ethanol market in Thailand.

According to 6wresearch, the Thailand Ethanol Market size is expected to grow during 2020-2026. Alcoholic beverages containing ethanol are expected to become an essential product that would further be found in households. Furthermore, the ethanol market in Thailand is anticipated to face a slowdown in economic growth due to the spread of the COVID-19 pandemic in the country which has impacted several industries including the chemical industry. However, the market is expected to recover soon in the upcoming years.

Increasing usage of ethanol in various applications such as in bio-fuel is expected to accelerate the Thailand Ethanol Market Growth. The strengthening of the automotive industry coupled with rising pollution is driving the demand for Ethanol as it is used to tackle the problem of pollution. However, the adverse effects associated with the extensive consumption of alcohol is restraining the Thailand Ethanol Market Share.

Thailand Ethanol Market is anticipated to register sound revenues in the coming years on the back of the rising use of cosmetic products such as deodorant, shampoos which tends to increase fragrance and stimulates customer to purchase ethanol-based products (also explain how is ethanol used in these products) with which is expected to augment the adoption for ethanol-based products in the foreseeable future. Additionally, the transport industry is leaving a positive impact on the market growth due to high use of ethanol in vehicles than using conventional energy which is leading to less environmental degradation and is expected to register high sales revenues and is anticipated to spur the growth of Thailand ethanol market in the coming years.

Market Analysis by Purity

Based on purity, the denatured segment is projected to lead the ethanol market in Thailand as it is used as a fuel for alcohol burner and as a solvent. The denatured segment is primarily derived from natural sources like corn starch and grain along with increasing demand in the household chemical industry.

Market Analysis by Source

In terms of source, the sugar & molasses-based segment is leading the ethanol market revenue share in Thailand on account of the rising adoption of low carbon along with the sugarcane-based ethanol production driving full capacity and increasing sugarcane production over the past few years in the country.

Key Highlights of The Reports

• Thailand Ethanol Market Overview
• Thailand Ethanol Market Outlook
• Thailand Ethanol Market Forecast
• Historical Data of Thailand Ethanol Market Revenues and Volumes, for the Period 2016-2019.
• Market Size & Forecast of Thailand Ethanol Market Revenues and Volumes, until 2026.
• Historical Data of Thailand Ethanol Market Revenues and Volumes, by purity, for the Period 2016-2019.
• Market Size & Forecast of Thailand Ethanol Market Revenues and Volumes, by purity, until 2026.
• Historical Data of Thailand Ethanol Market Revenues and Volumes, by Source, for the Period 2016-2019.
• Market Size & Forecast of Thailand Ethanol Market Revenues and Volumes, by source, until 2026.
• Historical Data of Thailand Ethanol Market Revenues and Volumes, by application, for the Period 2016-2019.
• Market Size & Forecast of Thailand Ethanol Market Revenues and Volumes, by application, until 2026.
• Market Drivers and Restraints
• Thailand Ethanol Market Price Trends
• Thailand Ethanol Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Thailand Ethanol Market Share, By Players
• Thailand Ethanol Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Thailand Ethanol Market report provides a detailed analysis of the following market segments:

By Purity:

• Denatured
• Non-Denatured

By Source:

• Sugar & molasses Based
• Second Generation
• Grain Based

By Application:

• Fuel & Fuel Additives
• Disinfectant
• Industrial Solvents
• Personal Care
• Beverages
• Others

Frequently Asked Questions About the Market Study: FAQs

1). Which segment based on purity is projected to lead the Thailand Ethanol Market?

 Based on purity, the denatured segment is projected to lead the ethanol market in Thailand.

2). Which segment in terms of the source is leading the Thailand ethanol market revenue? 

In terms of source, the sugar & molasses-based segment is leading the ethanol market revenue share in Thailand.

3). Does the report include the impact of COVID-19?

Yes, the report includes the impact of COVID-19.

4). What is the study period of the report?

The study period of the report is 2020-2026.