Thailand Ethanol Market (2020-2026) | Size, Share, Growth, Forecast, Revenue, Analysis, Trends, Industry, Outlook & COVID-19 IMPACT

Thailand Ethanol Market | Country-Wise Share and Competition Analysis

In the year 2021, South Africa was the largest exporter in terms of value, followed by Viet Nam. It has registered a growth of 14.63% over the previous year. While Viet Nam registered a growth of 1.62% as compared to the previous year. In the year 2017, South Africa was the largest exporter followed by Viet Nam. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Thailand has a Herfindahl index of 1508 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  2439 which signifies moderately concentrated in the market.

Thailand Ethanol Market - Export Market OpportunitiesTopics Covered in the Thailand Ethanol Market

The Thailand 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 Thailand Ethanol Market

The Thailand ethanol market has been steadily increasing due to the government's policies to promote the use of renewable energy and reduce greenhouse gas emissions. Additionally, several ethanol producers in Thailand are expanding their production capacities to meet the rising demand. For example, Thai Roong Ruang Energy Co. is planning to expand its ethanol plant in Saraburi province, while Khonburi Sugar Public Co. is investing in a new ethanol plant in Nakhon Ratchasima province. Moreover, Thailand signed an agreement with Japan to promote the use of ethanol in the country. The two countries agreed to work together to develop technologies for producing and using ethanol, as well as to promote its use in the transportation sector.

The demand for ethanol in Thailand has been growing due to its use as a biofuel additive in gasoline. The government's policy to promote the use of ethanol-blended gasoline has helped to boost demand for the fuel. Additionally, in the Thailand ethanol industry, the government has implemented policies aimed at promoting the use of renewable energy sources, including ethanol. One of the policies is the Biofuel Act, which mandates that gasoline sold in the country must contain a certain percentage of ethanol. Additionally, with the growing demand for ethanol, there has been an increase in investments in production facilities. 

Thailand Ethanol Market Synopsis

Thailand Ethanol Market is expected to witness growth in the upcoming years due to the rising consumption and production of ethanol as a fuel in the country. The increasing demand for premium quality alcoholic beverages along with increasing production of molasses, changing tastes and preferences of people, increasing disposable income, and changing lifestyles are the key factors increasing the demand for the ethanol market in Thailand

According to 6Wresearch, the Thailand Ethanol Market size is estimated to witness considerable growth in the upcoming years during 2020-2026. The market has been driven by the rising Government has implemented regulations to use biofuels, like ethanol with the purpose to reduce dependency on fossil fuels and improve environmental conditions. Also, there is one of the major factors accelerating the market growth like rising companies’ investment in ethanol production technology development to increase productivity while maintaining the production cost of ethanol. Moreover, companies look for more reasonable and sustainable options which include ethanol, the best alternative to crude oil, also the crude hiked prices results in higher ethanol demand in its replacement. This is one of the major factors bolstering product demand and augmenting ethanol market growth in the country. 

COVID-19 Impact on the Thailand Ethanol Market

COVID-19 had left an adverse influence on the Thailand Ethanol Market which is a part of the Asia Pacific ethanol market. The complete lockdown in the country announced by the government, had closed industrial operations coupled with the low gasoline consumption in the country had resulted in decreased ethanol demand. Moreover, with the implementation of travel restrictions, the supply of ethanol had been disrupted, including, import and export, as a result, all these aspects had dropped the Thailand Ethanol Market shares during the pandemic time.

Key Players in the Thailand Ethanol Market

In the Thailand Ethanol Market, there are some prominent players thriving in the market growth with the offering and manufacturing enough ethanol capacity to cater the needs of end sectors. Some of them are mentioned below in the list:

• Bangchak Corporation Public Company Limited. is one of the leading petroleum refining companies that manufacture biofuels. This company is also engaged in the production of ethanol to use later blend with gasoline.
• Global Chemical Public Company Limited (GC). Has been catering to the end sector by providing quality biofuels including ethanol made from cassava starch or sugarcane molasses.
• Thai Oil Public Company Limited is another petroleum refining company that produces biofuels which include, ethanol.

These are the notable key companies emerging in the ethanol market by continuously investing in technology development, which helps increase productivity while maintaining sustainable practices. 

Market Analysis by Purity

Based on purity, the denatured segment is projected to lead the ethanol market in Thailand as it is used as a fuel for alcohol burners and as a solvent. The denatured segment is primarily derived from natural sources like corn starch and grain along with increasing demand in the household chemical industry.

Market Analysis by Source

In terms of source, the sugar & molasses-based segment is leading the ethanol market revenue share in Thailand on account of the rising adoption of low carbon along with the sugarcane-based ethanol production driving full capacity and increasing sugarcane production over the past few years in the country.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

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

Markets Covered

The Thailand 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