| Product Code: ETC189762 | Publication Date: May 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 |
The Vietnam Ethyl Alcohol Market is poised for steady growth rate improvements from 2025 to 2029. From 11.22% in 2025, the growth rate steadily ascends to 13.48% in 2029.

By 2027, Vietnam's Ethyl Alcohol market is forecasted to achieve a high growth rate of 12.57%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.

The Vietnam Ethyl Alcohol market is a key segment within the broader alcoholic beverages industry. With applications ranging from industrial uses to beverage production, the market dynamics are influenced by factors such as regulatory policies, raw material availability, and the demand-supply balance. The increasing use of ethyl alcohol in the pharmaceutical and cosmetic industries is adding a layer of complexity to the market. Producers are navigating challenges related to sourcing raw materials, maintaining product quality, and adhering to stringent regulatory standards.
Ethyl alcohol is a critical component in various industries, including pharmaceuticals, cosmetics, and cleaning products. The market is driven by the expanding industrial sectors in Vietnam and the need for ethyl alcohol as a raw material. Additionally, the ongoing emphasis on hygiene and sanitation has increased the demand for ethyl alcohol-based products.
The Vietnam ethyl alcohol market faces challenges related to supply chain disruptions and raw material availability. Ethyl alcohol production is closely tied to the agricultural sector, and fluctuations in crop yields and government policies can impact the industry. Additionally, maintaining product quality and safety standards is crucial, especially as the market is susceptible to counterfeit and substandard products. The regulatory landscape is also evolving, with stricter oversight and taxation, which can increase production costs and hinder market growth.
The ethyl alcohol market in Vietnam experienced fluctuations during the COVID-19 pandemic. While the demand for industrial ethyl alcohol for sanitization purposes increased, the closure of bars and events impacted the consumption of ethyl alcohol in the beverage sector. As the country transitions to a post-pandemic phase, the market may see a shift in demand patterns, with continued emphasis on hygiene-related applications.
The ethyl alcohol market in Vietnam is experiencing steady expansion, fueled by its diverse applications in industries such as pharmaceuticals, cosmetics, and the food and beverage sector. Key players shaping this market landscape include Vietnam Spirits Corp., EthanolTech Ltd., and Pure Distilleries Ltd. These companies have played a pivotal role in meeting the rising demand for ethyl alcohol while adhering to quality standards and regulatory requirements.
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 Vietnam Ethyl Alcohol Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Ethyl Alcohol Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Ethyl Alcohol Market - Industry Life Cycle |
3.4 Vietnam Ethyl Alcohol Market - Porter's Five Forces |
3.5 Vietnam Ethyl Alcohol Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Vietnam Ethyl Alcohol Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Vietnam Ethyl Alcohol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for ethyl alcohol in industries such as pharmaceuticals, cosmetics, and food beverage. |
4.2.2 Growing awareness about the benefits of using ethyl alcohol for sanitization and disinfection purposes. |
4.2.3 Favorable government policies and regulations supporting the production and consumption of ethyl alcohol in Vietnam. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices, such as sugarcane or cassava, impacting the production cost of ethyl alcohol. |
4.3.2 Competition from alternative disinfectants and sanitizers in the market. |
4.3.3 Volatility in global ethanol prices affecting the pricing of ethyl alcohol in Vietnam. |
5 Vietnam Ethyl Alcohol Market Trends |
6 Vietnam Ethyl Alcohol Market, By Types |
6.1 Vietnam Ethyl Alcohol Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Ethyl Alcohol Market Revenues & Volume, By Grade, 2021-2031F |
6.1.3 Vietnam Ethyl Alcohol Market Revenues & Volume, By Food Grade, 2021-2031F |
6.1.4 Vietnam Ethyl Alcohol Market Revenues & Volume, By Industrial Grade, 2021-2031F |
6.1.5 Vietnam Ethyl Alcohol Market Revenues & Volume, By Pharmaceutical Grade, 2021-2031F |
6.1.6 Vietnam Ethyl Alcohol Market Revenues & Volume, By Lab Grade, 2021-2031F |
6.2 Vietnam Ethyl Alcohol Market, By End-user Industry |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Ethyl Alcohol Market Revenues & Volume, By Automotive and Transportation, 2021-2031F |
6.2.3 Vietnam Ethyl Alcohol Market Revenues & Volume, By Food and Beverage, 2021-2031F |
6.2.4 Vietnam Ethyl Alcohol Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.5 Vietnam Ethyl Alcohol Market Revenues & Volume, By Cosmetics and Personal Care (Includes hand-Sanitizer), 2021-2031F |
6.2.6 Vietnam Ethyl Alcohol Market Revenues & Volume, By Other End-user Industries, 2021-2031F |
7 Vietnam Ethyl Alcohol Market Import-Export Trade Statistics |
7.1 Vietnam Ethyl Alcohol Market Export to Major Countries |
7.2 Vietnam Ethyl Alcohol Market Imports from Major Countries |
8 Vietnam Ethyl Alcohol Market Key Performance Indicators |
8.1 Ethyl alcohol production capacity utilization rate. |
8.2 Percentage of market share within the pharmaceutical, cosmetics, and food beverage industries. |
8.3 Number of new product developments utilizing ethyl alcohol for sanitization and disinfection purposes. |
8.4 Ethyl alcohol export volume and revenue generated from exports. |
9 Vietnam Ethyl Alcohol Market - Opportunity Assessment |
9.1 Vietnam Ethyl Alcohol Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Vietnam Ethyl Alcohol Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Vietnam Ethyl Alcohol Market - Competitive Landscape |
10.1 Vietnam Ethyl Alcohol Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Ethyl Alcohol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |