Press Release

India Ethanol Market to Grow at a CAGR of 12.68% During the Forecast Period

Supportive government policies, initiative to make India self-sufficient in energy-sector, increase in income of farmers from ethanol production are influencing the demand for India ethanol market through FY2027F.

According to TechSci Research report, India Ethanol Market - Industry Size, Share, Trends, Competition, Opportunity and Forecast, FY2017-FY2027F” The India Ethanol Market stood at USD2805.38 million in 2021 and is expected to grow at a CAGR of 12.68% during the forecast period on account of factors like favorable government policies, rapidly surging demand from Oil Marketing Companies (OMCs), assistance from automobile sector, easily available raw material, and rise in income of farmers, etc.


The Ethanol industry is booming in India with a lot of scope in the future. Its production has doubled from 2017 to 2021, whereas demand has risen by three times for the same period. The consumption is driven primarily by the government's desire to support the sugar sector by boosting ethanol production. The central government is targeting blending of 10% ethanol in petrol till end of 2022, and same target is raised to 20% till 2025, which was earlier set to be met till 2030.
Also, to achieve these targets the government had allowed rice, maize, and surplus food grains to be used for ethanol production. To further reduce the nation's dependency on foreign oil, the government is focusing on manufacturing vehicles equipped with flex engines that will be E20 compatible, less polluting, and cost-efficient. The flourishing healthcare and chemical industries within the country are expected to increase the demand for industrial ethanol in the coming years.


Additionally, the sudden outbreak and spread of the COVID-19 pandemic has led to increased demand for Ethanol in the disinfectants and sanitizer market. Also, lawmakers' supportive policies, rules and regulations, and environmental awareness among the general public across the globe are expected to foster market growth during the forecast period
.

Despite the market drivers, there are few challenges that inhibit the growth of the ethanol market in India. Sugarcane molasses is the major resource for bioethanol production, and an inconsistent supply of raw materials holds the major liability for bearish response to blending targets.


Ethanol is a highly flammable liquid hence requires a lot of safety and risk assessment measures in all the stages from production to storage, and in transportation phases. The non-uniform distribution of raw material throughout the country demands compulsory transportation and storage, especially inter-state movement, encountering diverse climatic and topographic conditions. Also, A large segment of India's existing vehicle fleet may have compatibility issues with fuel blends above 10% Ethanol, and it may reduce vehicle efficiency by up to 6-7%. Another major challenge is the growing popularity of electric vehicles due to the cheaper electricity required to run the vehicle and zero emissions.

Browse over 19 market data Figures spread through 70 Pages and an in-depth TOC on " India Ethanol Market"
https://www.techsciresearch.com/report/india-ethanol-market/3860.html


The India Ethanol Market is segmented based on type, raw material, purity, application, regional distribution and competitional landscape. In terms of type, the market is fragmented into Bioethanol and Synthetic Ethanol. The Bioethanol segment dominated the market in FY2021 with a share of around 98.25% because of eco-friendly nature and easily available feedstock. By Raw Material, the market is segmented into Sugar & Molasses Based, Grain Based, Algal Biomass, Lignocellulosic Biomass
. Among these, sugar and molasses based is the most dominant and widely used raw material but due to environmental concerns, more emphasis is being given to use of grains, as they are in surplus, from last four years.


Key market players in the India Ethanol Market include:

·         India Glycols Limited.

·         Balrampur Chini Mills Limited 

·         Shri Renuka Sugars Limited

·         Triveni Engineering and Industries Limited

·         Godavari Biorefineries Limited

·         Dalmia Bharat Sugar and Industries Limited

·         Bajaj Hindustan Sugars Limited.

·         Simbhaoli Sugars Limited

·         East India Distilleries Parry Limited

·         Mawana Sugars Limited


India Ethanol Market is consolidated with a lot of well-established players having presence in all regions, with several players possessing leadership in certain regions, among others. India Glycols Ltd holds the highest market share and is among the top five market players in India. Balrampur Chini Mills Limited ranks second in terms of market share in the overall India Ethanol Market. The company has a strong market hold in the sugar industry.


Additionally, there are other prominent players such as Shree Renuka Sugars Limited., Triveni Engineering & Industries Limited., Godavari Biorefineries Limited, Dalmia Bharat Sugar and Industries Limited, Bajaj Hindustan Sugar Limited., Simbhaoli Sugars Limited., East India Distilleries Parry Limited, Mawana Sugars Limited., among others, holding a significant position in the India Ethanol Market.


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“The need for Ethanol has risen in recent years, especially during COVID-19, as it is used as main component in disinfectants and hand sanitizers. Because of rising consumer awareness, demand of fuel, potable spirits, beverages, personal care products, etc., is rising which directly favors the growth of Ethanol market. Favorable government policies and initiatives are acting as huge push to increase ethanol demand in the country. These factors may influence the growth of the India Ethanol Market in the upcoming five years”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.


“India Ethanol Market By Type (
Bioethanol v/s Synthetic Ethanol), By Raw Material (Sugar and Molasses Based, Grain Based, Lignocellulosic Biomass, Algal Biomass), By Purity (Denatured v/s Undenatured), By Application (Fuel & Fuel Additives, Industrial Solvents, Disinfectant, Personal Care, Beverages, Others), By Region, Competition, Forecast & Opportunities, FY2017-FY2027F”,  has evaluated the future growth potential of India Ethanol market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Ethanol market.


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