Market Forecast By Purity (Denatured, Non-Denatured), By Sources (Sugar & Molasses Based, Grained Based, Second Generation) By Application (Industrial Solvent, Fuel & Fuel Additives, Beverages, Disinfectant, Personal Care, Others) And Competitive Landscape
Product Code: ETC003119 | Publication Date: Jul 2020 | Updated Date: Feb 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vietnam Ethanol Market report thoroughly covers the market by purity, by sources, and by applications. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Vietnam Ethanol Market has been surging in the country with some promising ongoing developments. One of them is the rising replacement of biofuels with non-renewable sourced fuels in the transportation sector and during electricity generation with the purpose to reduce the greenhouse gas emission rate. Moreover, the rising government initiative in scaling up production through tax exemptions and subsidies has proven great opportunity for investors and can earn windfall profit this is estimated to leave a favorable impact on the product demand and further surge the growth of the Vietnam Ethanol industry. Additionally, advancements in ethanol production technology to achieve efficiency during ethanol production, which helps in increasing the yields while decreasing the cost are projected to open up the corridors for the significant Vietnam Ethanol Market growth in the country.
Vietnam Ethanol Market is expected to witness growth during the forecast period on account of the growing consumption and production of ethanol in the country. The gasoline consumption is expected to grow with the rising demand for blended ethanol for vehicles which would further fuel the demand for the ethanol market in Vietnam. Moreover, the other key aspects boosting the growth of the ethanol market in Vietnam are the increasing popularity of premium quality alcoholic beverages along with rising production and consumption of alcoholic beverages, increasing disposable income, and changing lifestyle.
According to 6Wresearch, the Vietnam Ethanol Market size is estimated to gain momentum in the upcoming years during 2020-2026. The market is driven by the rising various growth factors such as reducing shift towards renewable energy sources, rising dependency on fossil fuels, and increasing ethanol use with the growing production of industrial products. Additionally, companies are investing in expanding the ethanol manufacturing units, which is estimated to boost the production rate and leave a positive impact on the ethanol market. Also, the growing use of E5 gasoline, a mixture of ethanol and is a cheaper alternative to pure gasoline. This factor is estimated to register a sound growth of the market in the coming years in the country.
The pandemic had a profound impact on the Vietnam Ethanol Market which is a part of the Asia Pacific ethanol market. The pandemic caused a cessation of various industrial operations especially, automotive and construction, which reduced the ethanol chemical demand and further declined the market shares. Also, the trade restrictions led to affect the ethanol raw materials supply, as a result, in delays in the manufacturing process and unavailability of ethanol-based products. The overall impact was adverse for the market growth during the pandemic phase.
Certain key players operating seamlessly in the Vietnam Ethanol Market are included:
According to Shivankar, Research Manager, 6Wresearch, sugar, and molasses-based ethanol have been traditionally used as the primary ingredient for the production of ethanol, as Vietnam has a large sugar industry, on the other side, grain-based ethanol is also gaining traction in the country underpinned by the rising feedstock diversification and increasing availability of grains.
Based on the application, the industrial solvent application segment is witnessing a high market growth in the country, while, the beverages segment is also increasing the Vietnam Ethanol Market share and a massive demand for ethanol to produce alcoholic beverages.
Based on purity, the denature segment is expected to lead a major share in the ethanol market revenue over the forecast period in Vietnam due to the increasing usage of denatured alcohol as a fuel and as a solvent from household to chemical industries for paint removal, woodworking, fueling small camping stoves and pharmaceutical uses. In terms of sources, the sugar & molasses-based segment is holding the ethanol market in Vietnam on account of increasing sugarcane-based production of ethanol and also due to the adoption of low-carbon fuel.
The Vietnam Ethanol Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Vietnam Ethanol Market Overview |
3.1 Vietnam Ethanol Market Revenues and Volume, 2016-2026F |
3.2 Vietnam Ethanol Market Revenue Share, By Purity, 2019 & 2026F |
3.3 Vietnam Ethanol Market Revenue Share, By Source, 2019 & 2026F |
3.4 Vietnam Ethanol Market Revenue Share, By Application, 2019 & 2026F |
3.5 Vietnam Ethanol Market - Industry Life Cycle |
3.6 Vietnam Ethanol Market - Porter’s Five Forces |
4. Vietnam Ethanol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Vietnam Ethanol Market Trends |
6. Vietnam Ethanol Market Overview, by Source |
6.1 Vietnam Sugar & Molasses Based Ethanol Market Revenues and Volume, 2016-2026F |
6.2 Vietnam Grained Based Ethanol Market Revenues and Volume, 2016-2026F |
6.3 Vietnam Second Generation Ethanol Market Revenues and Volume, 2016-2026F |
7. Vietnam Ethanol Market Overview, by Purity |
7.1 Vietnam Ethanol Market Revenue and Volumes, By Denatured, 2016-2026F |
7.2 Vietnam Ethanol Market Revenue and Volumes, By Non-Denatured, 2016-2026F |
8. Vietnam Ethanol Market Overview, by Application |
8.1 Vietnam Ethanol Market Revenue and Volumes, By Industrial Solvent, 2016-2026F |
8.2 Vietnam Ethanol Market Revenue and Volumes, By Fuel & Fuel Additives, 2016-2026F |
8.3 Vietnam Ethanol Market Revenue and Volumes, By Beverages, 2016-2026F |
8.4 Vietnam Ethanol Market Revenue and Volumes, By Disinfectant, 2016-2026F |
8.5 Vietnam Ethanol Market Revenue and Volumes, By Personal Care, 2016-2026F |
8.6 Vietnam Ethanol Market Revenue and Volumes, By Others, 2016-2026F |
9. Vietnam Ethanol Market Key Performance Indicators |
10. Vietnam Ethanol Market Opportunity Assessment |
10.1 Vietnam Ethanol Market Opportunity Assessment, By Purity, 2026F |
10.2 Vietnam Ethanol Market Opportunity Assessment, By Source, 2026F |
10.3 Vietnam Ethanol Market Opportunity Assessment, By Application, 2026F |
11. Vietnam Ethanol Market Competitive Landscape |
11.1 Vietnam Ethanol Market By Companies, 2019 |
11.2 Vietnam Ethanol Market Competitive Benchmarking, By Operating Parameters |
12. Company Profiles |
13. Key Strategic Recommendations |
14. Disclaimer |