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

Turkey Ethanol Market | Country-Wise Share and Competition Analysis

In the year 2021, the USA  was the largest exporter in terms of value, followed by China. It has registered a growth of 58.51% over the previous year. While China registered a decline of -35.13% as compared to the previous year. In the year 2017, Russia was the largest exporter followed by Belgium. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Turkey has a Herfindahl index of 1420 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of  1826 which signifies moderately concentrated in the market.

Turkey Ethanol Market - Export Market Opportunities

Topics Covered in the Turkey Ethanol Market

Turkey 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 Turkey Ethanol Market

Turkey Ethanol Market has experienced tremendous growth and is estimated to augment in the coming years on the back of the rising ethanol production capacity by the companies to meet the increasing ethanol and ethanol-based products demand in the country and the rising export practices of ethanol with an increased ethanol demand from the international markets. Furthermore, bio-based materials are being opted to produce ethanol, resulting in the rising shift towards alternatives like corn, wheat, and barley over sugarcane due to their lower carbon emission rate, this is one of the leading factors accelerating the Turkey Ethanol Market growth in the country. Additionally, the key players and research institutions are collaborating to produce quality yet sustainable and low-cost based ethanol, also aiming to launch some technical developments that can cope with the ongoing challenges another factor evolving Turkey's Ethanol industry at a rapid pace.

Turkey Ethanol Market Synopsis

Turkey Ethanol Market is expected to register growth over the forecast period owing to the increasing production of ethanol as a fuel in the country. Ethanol is an organic compound that is used in several industries as a solvent for any substance and is easily mixed with water and other chemicals and also helps to reduce the emission of CO2 when blended with gasoline. The increasing popularity of alcoholic beverages along with the production of Turkish alcoholic beverages and changes in preferences and tastes in the consumers coupled with changing lifestyles would further propel the demand for the ethanol market in Turkey.

According to 6wresearch, Turkey Ethanol Market size is expected to grow during 2020-2026. In Turkey, the ethanol market is expected to register a decline in economic growth due to the spread of the coronavirus pandemic in the country which has lowered the demand for ethanol as fuel in the market. However, Turkey is expected to regain healthy growth in the economy post-2020. Moreover, the growing demand for the automotive industry and increasing disposable income are expected to boost the growth of the ethanol market in Turkey.

COVID-19 Impact on the Turkey Ethanol Market

The COVID-19 pandemic had a significant impact on the Turkey Ethanol Market which is a part of the Middle East ethanol market. The lockdown declared by the government to cease the virus spread in the country resulted in less vehicle movement on the roads, which decreased the ethanol demand used while blending in gasoline. In addition to this, the delay in the raw materials supply led to a slow in product availability, which affected the market growth.

Key Players in the Turkey Ethanol Market

Some are the major key players in the Turkey Ethanol Market are mentioned below:

• Seker Pazarlama ve Dis Ticaret AS is a prominent ethanol producer in the country. Also, it functions with a state-of-the-art plant that tends to deliver high-quality ethanol to its end sectors.
• Bioetanol Sanayi ve Ticaret AS has been driving in the country and offers premium-quality ethanol to cater to industrial applications.
• Doga Kimya Sanayi ve Ticaret AS is a prominent player offering a range of chemicals include, including ethanol. Ethanol made from the use of feedstock has a lower carbon emission rate.
• Cargill Inc. is another leading company, which offers a range of chemicals including, ethanol.

Market Analysis by Purity

Based on the application, denatured ethanol is currently dominating the Turkey Ethanol Market share with the growing denatured ethanol demand to produce biofuels to lower greenhouse gas emission rates. 

Market Analysis by Source

Based on the source, the sugar & molasses-based segment is holding the ethanol market revenue share in Turkey due to the primary production of ethanol from sugar plants using the fermentation process. In purity, the denatured segment is expected to lead the ethanol market revenue share in Turkey as it can be combined with other chemicals along with increasing demand from the form as well as household chemicals industry.

Market Analysis by Application

According to Dhaval, Research Manager, 6Wresearch, all applications are experiencing growth in the market, although, fuel and fuel additives, disinfectants, and industrial solvents, these three applications are currently driving an ethanol demand 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 Reports: 

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

Markets Covered

The Turkey 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

Turkey Ethanol Market: FAQs