Posted On: 2022-03-02
Beverages acquired the largest market revenue share in the Egypt ethanol market – 6Wresearch.
Egypt ethanol would grow considerably in the coming years as robust investment opportunity lies in the usage of ethanol as a biofuel in Egypt as the country is ranked 54th in terms of air pollution. Also, increasing focus of government on renewable energy sources would create significant opportunities in use of bioethanol. Ethanol market witnessed a surge in Egypt in 2020 attributed to the increasing awareness about usage of hand sanitizers and disinfectants among people where ethanol is a prime ingredient. Soaring demand for ethanol for equipment cleaning from medical professionals and pharmaceutical sector is likely to drive the demand for the product in the coming years. Additionally, rising living standards of people are leading to increased liquor consumption, buying personal care and sanitizers along with rise in awareness about health and hygiene in the country, the adoption of ethanol is anticipated to rise consistently.
According to 6Wresearch, Egypt Ethanol Market size is projected to grow at a CAGR of 12.0% during 2021-2027. The market would continue to climb up owing to increasing awareness about hygiene and cleanliness among domestic, commercial and industrial users along with mandatory use of disinfectants and sanitizers in commercial spaces. The application of ethanol as a biofuel would serve as a major potential in the market of Egypt as the automotive industry has grown rapidly over the past years and has faced many problems to control air pollution.
According to Chhavi Malpani, Manager, 6Wresearch, “Owing to the high preference of non-denatured ethanol for various applications including lacquers, medicines, paints, printing inks and many more, non-denatured ethanol garnered the majority revenues in Egypt ethanol market. On the back of Covid-19 pandemic in 2020, denatured ethanol requirement certainly rose in the country as it is widely used as a disinfectant, hence acquiring the highest growth in the recent past.”
According to Ananya Consul, Research Analyst, 6Wresearch, “By applications, beverage should be focus segment as this segment is expected to dominate the Egypt ethanol market in the coming years owing to rising preference of alcoholic beverages among Egyptians. Rising pharmaceutical sector of the country would further bolster the demand for ethanol in the country, hence OEMs should focus on the pharmaceutical sector in the coming years.”
Major company in Egypt ethanol market is Egyptian Sugar and Integrated Industries Co. as it is the only manufacturing plant for ethanol in Egypt with its extensive network of distributors and suppliers. The government does not allow the production of ethanol extensively and levies numerous rules and regulations for the companies trying to enter the market. Several sellers of ethanol are present in Egypt ethanol market includes El-Mabrouk, Pan Ausai Petrochemicals, Cargill Incorporated, Euro Industrial Chemicals Ltd. and many more.
“Egypt ethanol market (2021-2027)” report provides an in-depth analysis with 11 figures and 3 tables, covered in 60 pages. The report comprehensively covers the market by source, purity and applications. Egypt ethanol market report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.