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The ethanol industry is expected to grow gradually. In 2026, ethanol consumption will remain flat

The ethanol industry is expected to improve in 2026, bolstered by rising demand for gasohol, particularly E20, amid elevated crude oil prices resulting from the conflict in the Middle East

Overall, the domestic ethanol industry is likely to expand further for the period 2019-2021 and average annual growth in demand

Krungsri Research sees the ethanol industry enjoying growth over the next three years that will move in step with rising demand for gasohol, the latter helped

Over 2024 to 2026, the ethanol industry will enjoy ongoing expansion and improving business conditions thanks to: (i) growth in the tourism industry and an overall strengthening in economic activity; (ii) an increase in the number of vehicles on Thai roads that are able to run on gasohol; (iii) the rising popularity of e-commerce, (iv) government support for biofuels and for increased use of E20 gasohol; and (v) greater demand for ethanol from other industries

Updated the key Industry Indicator: Ethanol in each industry.By Aphinya Khanunthong

Updated the key Industry Indicator: Ethanol in each industry.By Aphinya Khanunthong

Ethanol is produced from plants such as starches and sugars, including Cellulose and Hemicellulose. Through the fermentation process

Krungsri Research sees the Thai cassava industry enjoying solid rates of growth over the years 2023 to 2025. Through the period, demand will remain strong from both domestic industrial consumers, especially the food processing and ethanol industries, and overseas buyers, most obviously from market expansion in China