Egypt Ethanol Market | Country-Wise Share and Competition Analysis
In the year 2021, USA was the largest exporter in terms of value, followed by Canada. It has registered a growth of 215.94% over the previous year. While Canada registered a decline of -73.44% as compare to the previous year. In the year 2017 France was the largest exporter followed by Canada. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Egypt has the Herfindahl index of 2539 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of 3568 which signifies high concentration in the market.
Egypt Ethanol Market - Export Market Opportunities
Egypt Ethanol Market 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.
Egypt Ethanol Market Synopsis
Egypt ethanol market share witnessed a steady growth during 2017-19 owing to surging beverage consumption and flourishing industrial sector where ethanol is used as a raw material in the production of drugs, personal care products, cosmetics, disinfectants and several other things. Covid 19 had a positive impact on healthcare sector revenues as hospitals were overcrowded due to rise in number of patients which further accelerated the market for ethanol in 2020. The sudden outbreak of the Covid-19 pandemic has resulted in wider usage of sanitizers and disinfectants across public places, hospitals, commercial places and healthcare centers in the country. Rising demand for ethanol for equipment cleaning from medical practitioners and the pharmaceutical industry is expected to fuel demand for ethanol. Egypt ethanol market growth is expected to be positive in coming years as people's living standards rise, so will their liquor consumption, purchases of personal care and sanitizers, and their awareness of health and hygiene in the country, also, ethanol adoption is expected to climb steadily in Egypt.
According to 6Wresearch, Egypt Ethanol Market size is projected to grow at CAGR of 12.0% during 2021-2027. Significant volume of renewable ethanol is produced for the beverage and industrial markets from agricultural feedstock, such as grains and sugar beet which is used in the production of alcohol, equipment cleaning, manufacturing of drugs, cosmetics, plastics, lacquers and polishes. On the back of COVID-19 pandemic, awareness about hygiene will remain high even after the pandemic ends therefore stimulating long-term growth of ethanol in Egypt. At a time when fuel prices are soaring seemingly and environmental concerns are prominent, blending ethanol into motor fuel can save money while simultaneously protecting against climate change.
Market by Source
Molasses based ethanol acquired majority of revenue share in 2020 and is expected to maintain its dominance in the coming years on the back of increasing investments for ethanol production in the country. Furthermore, Egyptian government is considering the development of a $110 million ethanol facility that will would use molasses as feedstock hence bolstering the demand of molasses based ethanol in the country.
Market by Applications
Beverage segment acquired the majority revenue share, and this share is expected to increase at a commendable rate on the back of rising urbanization and increasing lifestyle in the country. Increasing pharmaceutical investments in the country would further bolster the demand of ethanol in the aforementioned segment hence helping the pharmaceutical to be the second largest revenue contributor in Egypt ethanol market.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2027.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Egypt Ethanol Market Overview
- Egypt Ethanol Market Outlook
- Egypt Ethanol Market Forecast
- Historical Data and Forecast of Egypt Ethanol Market Revenues and Volume for the Period 2017-2027F
- Historical Data and Forecast of Egypt Ethanol Market Revenues, By Source, for the Period 2017-2027F
- Historical Data and Forecast of Egypt Ethanol Market Revenues, By Purity, for the Period 2017-2027F
- Historical Data and Forecast of Egypt Ethanol Market Revenues, By Applications, for the Period 2017-2027F
- Egypt Ethanol Market Trends
- Market Drivers and Restraints
- Industry Life Cycle
- Porter’s Five Force Analysis
- Impact Analysis of COVID-19
- Market Trends
- Egypt Ethanol Market Revenues Share, By Companies
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
- By Source
- Molasses
- Others (Wheat, Maize, Sugarcane, Roots and tubers)
- ByPurity
- Non-denatured
- Denatured
- ByApplications
- Fuel & Fuel Additives
- Disinfectant
- Industrial Solvents
- Personal Care
- Beverages
- Others (Plastic, Paint, and Lacquers)
