Vietnam ethanol market is anticipated to grow with an impressive CAGR during the forecast years, 2023-2027, on the backbone of growing demands of ethanol from various end use industries. Demands for ethanol in the year 2021 was 4.2 million gallons. This demand is further increasing due to higher sales along with growing imports from the United States. Advantages of ethanol further adds to the major factors responsible for the growth of the Vietnam ethanol market in the upcoming five years. Moreover, application of ethanol in the cleaning and sanitizing products is also driving the growth of the Vietnam ethanol market in the next five years. Recent pandemic played a vital role in increasing the demands for the ethanol since the demands for cleaning agents and sanitizers multiplied rapidly and was a necessity. Further demands for the same is also anticipated since the threat has not yet subsided and the consumers are extremely concerned and aware about the hygiene maintenance.

Ethanol is an organic chemical compound with a chemical formula of C2H2O. It is a volatile, flammable, colorless liquid with a characteristic wine-like odor and pungent taste. Ethanol is also a renewable biofuel that is made from corn and other plant materials. E10 is the most common blend of ethanol that means the compound has 10% of ethanol content and 90% of it is gasoline. Higher concentration of ethanol consumption is often toxic for the humans. Due to their use in alcoholic beverages, excessive consumption causes various diseases and organ failure. The compound is also known commonly as alcohol and chemically termed as ethyl alcohol.

Environmental Concerns Drive Demands For Ethanol

Demand for ethanol is rapidly growing due to its feasibility as a biofuel. Environmental concerns and climatic changes due to excessive usage of large carbon molecule, non-renewable fuels like petroleum, gasoline, petrol, etc. is increasing worldwide. The concerns have inclined the consumer interests in renewable fuels. Utilization of gasoline blended with ethanol are rising in the country. In 2021, Vietnam blended around 86 KT of fuel ethanol with gasoline against target of 235 KT. Vietnam’s consumption of ethanol blended gasoline is likely to get significant boost after implementation E10 blend rate in coming years.

Emissions from households, industry and the transport sector are a major concern. The exhausted toxic gases lead to the ozone depletion, degrading the quality of air, and others environmental hazard. Although household and industry exhaustion are taken care of by green house gas control, reducing the exhausts from the automobile fuel consumption has proven to be difficult. Thus, ethanol blends and consumption has enhanced in the recent years and substantiating the growth of the Vietnam ethanol market in the next five years.

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Market Segmentation

The Vietnam ethanol market is segmented by type, raw material, purity, grade, application, competitional landscape, and regional distribution. Based on type, the market is differentiated between synthetic and bioethanol. By raw material, the market is further segmented into sugar & molasses, cassava, rice, algal biomass, and lignocellulosic biomass. Based on purity, the market is distinguished between denatured and un-denatured. By grade, the market is fragmented into food, industrial, biofuel, and others. Based on application, the market is bifurcated into fuel & fuel additives, industrial solvents, disinfectant, personal care, beverages, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Northern region, Central region, and Southern region.

Company Profile

Tung Lam Company, Thinh Cuong Co. Ltd., Dai Viet CEP Co Ltd., Fleming International Vietnam Ltd., SI Flex Vina, PetroVietnam Oil Corp (PV Oil), Petrolimex, among others is a partial list of major market players of the companies responsible for the growth of Vietnam ethanol market.



Base Year


Historical Data

2017 – 2020

Estimated Year


Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered


        Raw Material




Regional scope

Northern region, Central region, and Southern region

Key companies profiled

Tung Lam Company, Thinh Cuong Co. Ltd., Dai Viet CEP Co Ltd., Fleming International Vietnam Ltd., SI Flex Vina, PetroVietnam Oil Corp (PV Oil), Petrolimex

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, Vietnam ethanol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Vietnam Ethanol Market, By Type:
    • Synthetic
    • Bioethanol
  • Vietnam Ethanol Market, By Raw Material:
    • Sugar & Molasses
    • Cassava
    • Rice
    • Algal Biomass
    • Lignocellulosic Biomass
  • Vietnam Ethanol Market, By Purity:
    • Denatured
    • Undenatured
  • Vietnam Ethanol Market, By Grade:
    • Food
    • Industrial
    • Biofuel
    • Others
  • Vietnam Ethanol Market, By Application:
    • Fuel & Fuel Additives
    • Industrial Solvents
    • Disinfectant
    • Personal Care
    • Beverages
    • Others
  • Vietnam Ethanol Market, By Region:

o   Northern Region

o   Central Region

o   Southern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam ethanol market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Vietnam Ethanol Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at  

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1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Vietnam Ethanol Market

4.    Executive Summary

5.    Voice of Customer

6.    Vietnam Ethanol Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type (Synthetic v/s Bioethanol)

6.2.2.     By Raw Material (Sugar & Molasses, Cassava, Rice, Algal Biomass, Lignocellulosic Biomass)

6.2.3.     By Purity (Denatured v/s Undenatured)

6.2.4.     By Grade (Food, Industrial, Biofuel, Others)

6.2.5.     By Application (Fuel & Fuel Additives, Industrial Solvents, Disinfectant, Personal Care, Beverages, Others)

6.2.6.     By Region

6.2.7.     By Company (2021)

6.3.  Product Market Map

7.    Vietnam Bioethanol Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Raw Material

7.2.2.     By Purity

7.2.3.     By Application

8.    Vietnam Synthetic Ethanol Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Raw Material

8.2.2.     By Purity

8.2.3.     By Application

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends & Developments

11.  Vietnam Ethanol Import-Export Analysis, By Value and Volume (2017-2021)

11.1.              By Country

12.  Policy & Regulatory Landscape

12.1.              E5 Mandate Program

12.2.              Duties and Taxes (Domestic Vs Import)

13.  Vietnam Economic Profile

14.  Competitive Landscape

14.1.              Competition Outlook

14.2.              Company Profiles

14.2.1.  Tung Lam Company 

14.2.2.  Thinh Cuong Co. Ltd.

14.2.3.  Dai Viet CEP Co Ltd

14.2.4.  Fleming International Vietnam Ltd

14.2.5.  SI Flex Vina

14.2.6.  PetroVietnam Oil Corp (PV Oil)

14.2.7.  Petrolimex

15.  Strategic Recommendations

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