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. This can be attributed to the factors like administrative support, government policies like new ethanol blending program (EBP) which makes compulsory for oil manufacturing companies (OMCs) to blend 10% ethanol in petrol by end of 2022 and 20% till 2025.  Moreover, blending with gasoline over conventional unblended petrol also drives the ethanol market. Apart from that ethanol’s demand is increasing extensively as a solvent for the manufacturing of varnishes and perfumes, in the preparation of essences and flavorings, and as surface disinfectant, the demand for which was at peak during Covid time as it was used in hand sanitizers.

Favorable Policies by Government

Government has set target for blending 10% ethanol till 2022 and 20% of it till 2025, in gasoline which will save at least. New policies like National biofuels policy, 2021 and Ethanol Blended Petrol (EBP) program are seen to be the principal driver of the demand expansion of ethanol in India. The EBP program aims is to address environmental concerns, reduce oil import bill and provide remunerative income to farmers. At present, ethanol blending level in petrol is around 8.5%. Under the EBP program the government of India has reintroduced the administered price mechanism for ethanol procurement. This in turn allows ethanol production from multiple feedstocks such as heavy molasses, sugarcane juice, sugar, sugar syrup, damaged food grains, maize and surplus rice stocks with Food Corporation of India (FCI). Increasing use of biodegradable plastics, with growing awareness among public towards ill-effects of conventional plastic waste is the major growth drivers of the Biodegradable plastics industry. The rising trend of environmentally friendly materials for packaging has also influenced the market growth of biodegradable plastics. These factors also contribute one step towards Sustainable future with reduced environmental impact.

Surplus Raw Material Availability Fuels the Market Growth

To increase the production of fuel grade ethanol and to achieve blending targets, the Government of India has allowed the use of maize and rice for production of ethanol. This in turn will not only facilitate the diversion of excess sugar to ethanol manufacturing but also will help the farmers in diversifying their crops to cultivate crops that require less water intake such as maize/corn. This would enhance production of ethanol from various feed stocks thereby, help in achieving blending targets of ethanol with petrol. This in turn would reduce dependency on crude oil.

Low-Cost Alternative Fuel and Availability of Huge Arable Land

Ethanol is an eco-friendly source of fuel which not only produces lesser pollution but also is quite affordable and easily available as compared to unblended gasoline. As it is mostly a product of molasses, grains and processed corn, ethanol also reduces the pressure to drill in environmentally sensitive places. Ethanol production also supports farmers and creates domestic jobs and because ethanol is produced from domestically grown crops, it reduces India’s dependence on foreign oil.

Assistance from Automobile Sector

The Automobile Industry has agreed with government to produce Flex Fuel Vehicles which will be capable of running on E85 that is up to 85% Ethanol blended gasoline, gradually decreasing import of crude oil and contributing to nation’s energy Independence. Apart from the government has announced that all new vehicles will be E20 compliant from 2023, which will further contribute to the market growth.


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Market Segmentation

The India ethanol market is segmented based on type, raw material, purity, application and regional distribution. Based on type, the market is further fragmented into Bioethanol and Synthetic Ethanol, based on raw material, the market is segmented into Sugar & Molasses Based, Grain Based, Algal Biomass, Lignocellulosic Biomass and based on purity, it is fragmented into Denatured and Undenatured, and on basis of application, into Fuel & Fuel Additives, Industrial Solvents, Beverages, Disinfectant, Personal Care, Others. Based on region, the West region dominated the market in FY2021 with an overall share of 33.53% on account of well-established refineries of oil marketing companies which holds major portion in demand for ethanol.

Company Profiles

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 are among the major market players in the India platform that lead the market growth of the India Ethanol market.

Attribute

Details

Market size value in 2021

USD 2805.38 Million

Revenue Forecast in 2027

USD 5638.56 Million

Growth Rate

12.68%

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022E

Forecast Period

2023F– 2027F

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

·         Type

·         Raw Material

·         Purity

·         Application

Regional Scope

West, South, North and East

Key Companies Profiled

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

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/pdf format on special request)

 

Report Scope:

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

  • India Ethanol Market, By Type:

o   Sugar & Molasses based

o   Grain based

o   Lignocellulosic Biomass

o   Algal Biomass

 

  • India Ethanol Market, By Purity:

o   Denatured

o   Undenatured

  • India Ethanol Market, By Application:

o   Fuel & Fuel Additives

o   Industrial Solvents

o   Disinfectant

o   Personal Care

o   Beverages

o   Others

  • India Ethanol Market, By Region:

o   West

o   South

o   North

o   East 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India 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).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on India Ethanol Market

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Preference, By Raw Material

5.3.  Preference, By Purity

5.4.  Demand, By Application

6.    India 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 Ethanol v/s Bioethanol)

6.2.2.     By Raw Material (Sugar & Molasses Based, Grain Based, Algal Biomass, Lignocellulosic Biomass)

6.2.3.     By Purity (Denatured v/s Undenatured)

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

6.2.5.     By Region

6.2.5.1.        By State (Top 3 States)

6.2.6.     By Company (FY2021)

6.3.  Product Market Map

7.    India 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.    India 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. Policy & Regulatory Landscape

12. India Economic Profile

13. Competitive Landscape

13.1.             Competition Outlook

13.2.             Company Profiles

13.2.1. India Glycols Limited.

13.2.2. Balrampur Chini Mills Limited

13.2.3. Shri Renuka Sugars Limited

13.2.4. Triveni Engineering and Industries Limited

13.2.5. Godavari Biorefineries Limited

13.2.6.  Dalmia Bharat Sugar and Industries Limited

13.2.7. Bajaj Hindustan Sugars Limited.

13.2.8. Simbhaoli Sugars Limited.

13.2.9. East India Distilleries Parry Limited

13.2.10.  Mawana Sugars Limited

14. Strategic Recommendations

15. About us & Disclaimer

Note: The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. eg: For 2022E, the data represents the period, 1st April 2021 to 31st March 2022. Please note that all the macro-economic indicators in the economic profiles are for Calendar year.

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • List of Figures:

    Figure 1: India Ethanol Market Size, By Value (USD Million), 2017-2027F

    Figure 2: India Ethanol Market Size, By Volume (Million Liters), 2017-2027F

    Figure 3: India Ethanol Market Share, By Type, By Volume, 2017-2027F

    Figure 4: India Ethanol Market Share, By Raw material, By Volume, 2017-2027F

    Figure 5: India Ethanol Market Share, By Purity, By Volume, 2017-2027F

    Figure 6: India Ethanol Market Share, By Application, By Volume, 2017-2027F

    Figure 7: India Ethanol Market Share, By Region, By Volume, 2017-2027F

    Figure 8: India Ethanol Market Share, By Region, By State (top 3 states), By Volume, 2017-2027F

    Figure 9: India Ethanol Market Share, By Company, By Value, 2021

    Figure 10: India Bioethanol Market Size, By Value (USD Million), 2017-2027F

    Figure 11: India Bioethanol Market Size, By Volume (Million Liters), 2017-2027F

    Figure 12: India Bioethanol Market Share, By Raw Material, By Volume, 2017-2027F

    Figure 13: India Bioethanol Market Share, By Purity, By Volume, 2017-2027F

    Figure 14: India Bioethanol Market Share, By Application, By Volume, 2017-2027F

    Figure 15: India Synthetic Ethanol Market Size, By Value (USD Million), 2017-2027F

    Figure 16: India Synthetic Ethanol Market Size, By Volume (Million Liters), 2017-2027F

    Figure 17: India Synthetic Ethanol Market Share, By Raw Material, By Volume, 2017-2027F

    Figure 18: India Synthetic Ethanol Market Share, By Purity, By Volume, 2017-2027F

    Figure 19: India Synthetic Ethanol Market Share, By Application, By Volume, 2017-2027F