India ethanol market is projected
to grow from $ 2.50 billion in 2018 to $ 7.38 billion by 2024, exhibiting a
CAGR of 14.50% during 2019-2024, on the back of increasing ethanol use in
applications such as fuel additives and beverages. Ethanol is a prominent
alcoholic beverage, mainly found in beer, cider, wine, spirits and ale. Indian
government is trying to reduce its dependence on imported crude oil and
incentivizing Indian sugar manufacturers to produce ethanol for Oil Marketing
Companies (OMCs). It is expected that ethanol production will increase by three
to five folds in the future in order to meet the demand for its 20% Fuel
Blending Program (FBP). Factors such as increasing alcohol consumption and
changing lifestyle along with growing influence of the western culture are
likely to drive the demand for ethanol in the country.
Industrial methylated spirits
derived by adding methanol to ethanol is used as a solvent in chemical
industries and in domestic burners for household chores such as heating and
cooking. However, consumption of ethanol coupled with denatured alcohol is
lethal and induces sleep. These properties are anticipated to hinder market growth
and pose challenges to industry partakers.
In terms of source, India ethanol
market has been categorized into sugar & molasses based ethanol, second
generation (mixed grains) and grain-based ethanol. Based on application, the
market has been segmented into industry solvent, fuel & fuel additive,
beverages, disinfectant, personal care, and flavoring & fragrance. Based on purity, the market has been segmented
into denatured and undenatured. Government’s emphasis on ethanol production
from bio mass and solid waste is likely to become a major source of ethanol
production in future.
According to OECD-FAO Agricultural
Outlook 2018-2027, demand for biofuels is shifting towards emerging economies,
which are rapidly putting in place policies that favor the domestic bio-fuels
market. Furthermore, the market projections suggest that 84% of the total
additional demand for ethanol are expected from developing countries.
Additionally, in many countries, compulsory blending rules impose a minimum
share of ethanol and biodiesel to be utilized in transport fuel.
Some of the major players in India
ethanol market are India Glycols, Bajaj Hindusthan Sugar, Shree Renuka Sugars
Ltd., Triveni Engineering & Industries Ltd., Balrampur Chini Mills Ltd.,
Mawana Sugars Ltd., HPCL Biofuels Limited, Jeypore Sugar Company Ltd.,
Simbhaoli Sugars Ltd., BSM Sugar and E.I.D Parry India Ltd.
Years
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the
Study:
- To analyze and forecast India ethanol market
size.
- To forecast India ethanol market based on source,
application, purity and regional distribution.
- To identify drivers and challenges for India ethanol
market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in India
ethanol market.
- To conduct the pricing analysis for ethanol market.
- To identify and analyze the profile of leading
players operating in India ethanol market.
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Some of the leading players in India
ethanol market are India Glycols, Bajaj Hindusthan Sugar, Shree Renuka Sugars
Ltd., Triveni Engineering & Industries Ltd., Balrampur Chini Mills Ltd.,
Mawana Sugars Ltd., HPCL Biofuels Limited, Jeypore Sugar Company Ltd.,
Simbhaoli Sugars Ltd., BSM Sugar and E.I.D Parry India Ltd.
TechSci Research performed both
primary as well as exhaustive secondary research for this study. Initially,
TechSci Research sourced a list of leading manufacturers across the globe.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the manufacturers which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the product offerings,
distribution channels and presence of all major players operating in India ethanol market.
TechSci Research calculated India ethanol market size using a top-down approach, where data for various end-user
segments was recorded and forecast
for the future years was made. TechSci Research sourced these values
from the industry experts and company representatives and externally validated
through analyzing historical data of these product types and applications for
getting an appropriate, overall market size. Various secondary sources such as
company websites, news articles, press releases, company annual reports,
investor presentations and financial reports were also studied by TechSci
Research.
Key Target
Audience:
- Ethanol manufacturers and suppliers
- Sugar manufacturers and breweries
- Government bodies such as
regulating authorities and policy makers
- Associations, organizations,
forums and alliances related to ethanol market
- Research institutes and
organizations
The study is useful in providing answers
to several critical questions that are important for industry stakeholders such
as manufacturers, partners and end users. The study would also help them to
target the growing segments over the coming years, thereby aiding the
stakeholders in taking investment decisions and facilitating their expansion.
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:
- Market, by Source:
- Sugar & Molasses Based Ethanol
- Second Generation (Lignocellulosic
biomass, agriculture residues, non-food energy crops)
- Grain Based Ethanol
- Market, by Application:
- Industrial Solvent
- Fuel & Fuel Additive
- Beverages
- Disinfectant
- Personal Care
- Flavoring & Fragrance
- Market, by Purity:
- Market, by Region:
o North
o South
o East
o West
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies operating 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).
Profit Margin Analysis
- Profit margin analysis in case of
direct and indirect sales channel.
In case you don’t find what
you are looking for, please get in touch with our custom research team at [email protected]
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]