Malaysia Ethanol Market (2022-2028) | Revenue, Growth, Size, Industry, Share, Outlook, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

Malaysia Ethanol Market | Country-Wise Share and Competition Analysis

In the year 2021, Pakistan was the largest exporter in terms of value, followed by Singapore. It has registered a growth of 15.29% over the previous year. While Singapore registered a growth of 69.79% as compared to the previous year. In the year 2017, Singapore was the largest exporter followed by South Africa. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Malaysia has a Herfindahl index of 1222 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of  3094 which signifies high concentration in the market.

Malaysia Ethanol Market - Export Market Opportunities

Topics Covered in the Malaysia Ethanol Market

The Malaysia 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.

Latest (2023) Development of the Malaysia Ethanol Market

Malaysia Ethanol Market has been significantly growing in the country on account of some ongoing opportunities. One of the ongoing opportunities is an increase in the purchase of E10 fuel by Malaysian motorists which tend to charge from renewable energy sources made by combining ethanol and gasoline to reduce their carbon footprints. Additionally, the automotive and cosmetics sectors are widening in the country, leading to leaving a positive impact on the ethanol demand used to produce automotive and cosmetics products this is surging the Malaysia Ethanol Market growth at a rapid pace in the country. Furthermore, companies are seeking to improve productivity while maintaining sustainability and cost factors, this will result in a massive surge in the Malaysia Ethanol Market exponentially which is a part of the Asia Pacific ethanol market. 

Malaysia Ethanol Market Synopsis

Malaysia Ethanol Market is estimated to register a sound growth in the coming years owing to the rising demand for biofuels to produce various essential products, including personal care, paints, home care, and pharmaceutical. Additionally, the rising government initiatives aimed at reducing GHG level drives the ethanol chemical demand as the best fossil fuel alternative. Moreover, rising manufacturers' urge to increase productivity while reducing operating costs is one of the leading factors estimated to leave a positive influence on market growth.

According to 6Wresearch, the Malaysia Ethanol market size is likely to witness growth during 2022-2028. The rising environmental concern due to the rising poor air quality, and frequent climate changes, accelerated the use of biofuels which has a low carbon emission rate and this is estimated to be a great opportunity for market expansion. Furthermore, technology gradation to enhance productivity levels and reduce production costs is one of the trends creating a favorable impact on the Ethanol Market in the country. Moreover, this growth is attributed to the government’s policy initiatives such as the introduction of the Negotiated Voluntary Agreement Scheme (NVAS) and amendments to the Alcohol Control Act 2007. Additionally, ethanol is a renewable fuel that can be used in various automotive applications, including gasoline and diesel vehicles. The market for ethanol is expected to grow owing to rising demand from the Asia Pacific region, which is projected to reach USD 24.8 billion by 2021. This rise in demand is driven by increasing concerns about climate change and emissions, coupled with stringent regulations pertaining to vehicular emissions.

COVID-19 Influence on the Malaysia Ethanol Market

The occurrence of the Covid-19 pandemic has resulted in a stoppage in the past. However, the market has recuperated gradually. Currently, the market has tremendous growth opportunities. This growth is mainly due to the increasing demand for biofuels in the country and the government's initiatives to promote renewable energy sources. However, there are several challenges that the ethanol market faces including limited infrastructure and high costs associated with production. Furthermore, competition from imported ethanol products is also causing some Challenges for domestic producers.

Key Players in the Malaysia Ethanol Market

Some are the major players in the market thriving the market growth included:

• Petronas Chemicals Group Berhad is one of the prominent companies in the country, that produces premium quality ethanol that meets international standards.
• Green Ocean Corporation Berhad. Has been in the manufacturing practice of renewable energy products which include, biofuels and biogas by blending ethanol.
• Wilmar International Limited is specialized in the production of fuel-grade and food-grade ethanol from various feedstock sources.
• Genting Bio-Oil Sdn Bhd. Is another significant player in the country, that produced high-quality ethanol that meets international quality standards

Market Analysis by Purity

Based on the purity, both the purity segments including, Denatured and Non Denatured ethanol have their respective demand and use across various sectors, however, Denatured ethanol is experiencing a slightly high demand and increasing Malaysia Ethanol Market shares in the country underpinned by its wide use in the production of several essential products such as paints, coatings, and pharmaceuticals.

Market Analysis by Sources

According to Shivankar, Research Manager, 6Wresearch, Second generation ethanol is estimated to dominate in the market as the rising focus on using non-food biomass sources, on the other hand, feedstock-based ethanol production is less prominent due to the unavailability of sugarcane, grain-based ethanol, and molasses

Market Analysis by Application

Based on the application, the beverage and personal care sectors are gaining traction and witnessing a rise in market shares due to the wide use of ethanol in the production of personal care products such as lotions, and hair sprays. Also, alcohol consumers are rising which is burgeoning the ethanol demand to produce alcoholic beverages. 

Key Attractiveness of the Report

• COVID-19 Influence on the Market Dynamics.
• 10 Years of Market Data.
• Historical Numbers from 2018 to 2021.
• Base Year: 2021
• Market Forecast Data Until 2028
• Key Performance Indicators Influencing the Market.
• Key Developments and Projects.

Key Highlights of the Report

• Malaysia Ethanol Market Overview
• Malaysia Ethanol Market Outlook
• Malaysia Ethanol Market Forecast
• Historical Data of Malaysia Ethanol Market Revenues and Volumes, for the Period 2018-2028.
• Market Size & Forecast of Malaysia Ethanol Market Revenues and Volumes, until 2028.
• Historical Data of Malaysia Ethanol Market Revenues and Volumes, by purity, for the Period 2018-2028.
• Market Size & Forecast of Malaysia Ethanol Market Revenues and Volumes, by purity, until 2028.
• Historical Data of Malaysia Ethanol Market Revenues and Volumes, by Source, for the Period 2018-2028.
• Market Size & Forecast of Malaysia Ethanol Market Revenues and Volumes, by source, until 2028.
• Historical Data of Malaysia Ethanol Market Revenues and Volumes, by application, for the Period 2018-2028.
• Market Size & Forecast of Malaysia Ethanol Market Revenues and Volumes, by application, until 2028.
• Market Drivers and Restraints
• Malaysia Ethanol Market Price Trends
• Malaysia Ethanol Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Malaysia Ethanol Market Share, By Players
• Malaysia Ethanol Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The report delivers a widespread study of the subsequent 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