Philippines Ethanol Market (2020-2026) | Size, Share, Revenue, Forecast, Growth, industry, Outlook & COVID-19 IMPACT

Philippines Ethanol Market | Country-Wise Share and Competition Analysis

In the year 2021, Indonesia  was the largest exporter in terms of value, followed by Australia. It has registered a growth of 99.01% over the previous year. While Australia registered a growth of 40.17% as compare to the previous year. In the year 2017 Indonesia was the largest exporter followed by Pakistan. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Philippines has the Herfindahl index of 2818 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  2461 which signifies moderately concentrated in the market.

Philippines Ethanol Market - Export Market Opportunities

Latest 2023 Development of the Philippines Ethanol Market

Philippines Ethanol Market has been making significant strides in recent years. The market has accomplished some of the latest developments and projects over the years. For instance, the Philippine ethanol industry has been expanding its production capacity in recent years which is expected to pull off the rising demand for biofuels in the country. In addition to that, the Philippines is aiming to shift to E20 fuel. The Department of Energy (DOE) has been promoting the use of E20 to reduce the country's dependence on imported oil and lower greenhouse gas emissions. Moreover, the Philippines has been working with Brazil to develop its ethanol market. Apart from this, the government is encouraging investment in ethanol production plants which turn out to be the major development of the industry.

The Philippine government has implemented an ethanol blending program, which requires all gasoline sold in the country to contain a certain percentage of ethanol. Overall, the Philippines Ethanol Industry is showing positive signs of growth and development, with increased production capacity, investment in new ethanol plants, and a shift towards E20 fuel. Furthermore, these developments are anticipated to boost the growth of this country and reduce its dependence on imported oil. 

Philippines Ethanol Market Synopsis

The Philippines Ethanol Market is anticipated to witness growth during the forecast period due to the growing production and consumption of premium quality alcoholic beverages and increasing usage of ethanol as a biofuel in the country. The increasing number of gasoline stations providing blended ethanol, changing lifestyles, rapid urbanization, and increasing disposable income are the factors driving the demand for the ethanol market in the Philippines. Furthermore, the growing government policies and rising concern for the environment would further fuel the growth of the ethanol market in the Philippines.

According to 6wresearch, the Philippines Ethanol Market size is expected to grow during 2020-2026. The ethanol market in the Philippines is projected to go through a negative growth in the economy during-2020 owing to the outbreak of the coronavirus pandemic and increasing COVID-19 cases in the country which has impacted various sectors as well as the chemical industry in the country. However, the market is expected to recover with healthy growth in the country over the upcoming years.

Based on the source, the sugar & molasses-based segment is dominating the ethanol market revenue share in the Philippines as sugarcane and molasses are used as feedstock in the Philippines, and also the production of these products is flexible. In terms of purity, the denatured segment is expected to hold a major share in the ethanol market revenue during the forecast period in the Philippines as it is a solvent and a fuel and can be combined with other chemicals coupled with growing usage in the household chemical industry for pharmaceutical uses, pest extermination, window cleaning, and others.            

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

The Philippines ethanol market is projected to gain traction towards growth during the forecast period 2020-26F on the back of steadily rising in the tourism sector with a high prevalence of chronic disease with rising concern towards maintaining personal hygiene by using ethanol as hand sanitizers is the factor which is leading to drive a lucrative opportunity and making serious headway towards growth ethanol market in the foreseeable future. Moreover, rising government initiatives by investing in biofuel infrastructure coupled with rising sugarcane and molasses ethanol production have led to increased significant demand for ethanol and would be expected to spur the growth of the Philippines ethanol market in the coming years.

Key Highlights of the Report:

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

Markets Covered

The Philippines 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