According to ChemAnalyst report, “India Ethanol Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, FY2015-FY2035”, The India Ethanol Market is likely to reach around 6400 thousand tonnes by FY2035, at a CAGR of 5.64% during the forecasted period. The end-use industries like Fuel & Fuel Additive, Food & Beverages, Chemicals, and Cosmetics & Personal Care Products are anticipated to surge the demand of Ethanol Market in India in the upcoming times.
Ethanol is also a prominent alcoholic beverage, mainly found in beer, cider, wine, and spirits. Because of its broad-spectrum germicidal properties, Ethanol also finds several applications in disinfectants and has been strongly recommended by WHO as an important constituent in alcohol-based hand sanitizers. Ethanol is an excellent solvent and finds its applications multiple downstream industries like chemical processing, paints, varnishes, coatings, and more.
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Increasing demand for disinfectants with rising health consciousness among people will further escalate the Ethanol demand in the coming years. With the start of National Biofuel Policy 2018, which has put forth an Ethanol blending target of 10% by 2022 and 20% by 2025 from the current rate of 2-3%, Ethanol demand is set to grow by leaps and bounds in the period of forecast. The increasing production of wine and other alcoholic beverages would further contribute to the growth of the Ethyl alcohol market during the forecast period. Because of its broad-spectrum germicidal properties, Ethanol also finds several applications in disinfectants and has been strongly recommended by WHO as an important constituent in alcohol-based hand sanitizers. Increasing demand for disinfectants with rising health consciousness among people will further escalate the Ethanol demand in the coming years. With the start of National Biofuel Policy 2018, which has put forth an Ethanol blending target of 10% by 2022 and 20% by 2025 from the current rate of 2-3%, Ethanol demand is set to grow by leaps and bounds in the period of forecast. Over the past five years, the Indian government has been encouraging Ethanol capacity expansion to cut its dependency on imported crude oil and channelize the excess sugar inventories into Ethanol production.
The India Ethanol Market is segmented based on end-use, sales channel, and region. Based on end-use segment, the India Ethanol market is bifurcated into Fuel & Fuel Additive, Food & Beverages, Chemicals, Cosmetics & Personal Care Products, and Others. Among these Fuel & Fuel Additive is the leading sector and held a market share of roughly 55% in FY2022. This segment is estimated to dominate the Ethanol market in the forecast period. Ethanol possesses a higher-octane number than gasoline and aids in giving premium blending properties.
Regionally, Indian Ethanol market is segregated into four regions based on regional consumption: West, South, North, and South. West India is expected to be the largest consumer even in FY2023. Over the past five years, the Indian government has been encouraging Ethanol capacity expansion to cut its dependency on imported crude oil and channelize the excess sugar inventories into Ethanol production. These factors will further propel the growth of the Ethanol market in India. India currently aims to achieve an E10 blend by 2020 and E20 by 2030. The country’s Ethanol Blending Program highlights procurement of Ethanol produced directly from B-heavy molasses, sugarcane juice, and damaged food grains. A surplus sugar season coupled with financial incentives to convert excess sugar into ethanol is expected to boost the Ethanol produced volumes over the years ahead.
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“India Ethanol Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, FY2015-FY2035” Major players in the India Ethanol market are Samson Distilleries Private Limited, Shakumbari Sugar And Allied Industries Limited, Saraya Distilleries Limited, Godavari Biorefineries Limited, Wallams (India) Agro Products & Power Limited, Shree Renuka Sugars Limited, E.I.D. Parry (India) Limited, Bajaj Hindusthan Limited, Mawana Sugars Limited, Triveni Engineering & Industries Limited, K.K Birla group, Simbhaoli Sugars Limited, and Others.
“The rapidly increasing demand of Ethanol as a fuel additive is the primary application which is expected to boost the India Ethanol Market in the forecast period until FY2035. Ethanol is also employed as a solvent the production of a wide range of polymers and resins for sealants, films, paints & coatings, textiles. Moreover, with the operation of National Biofuel Policy 2018, which has put forth an Ethanol blending target of 20% by 2025 from the current rate of 2-3%, Ethanol demand is anticipated to further expand in the upcoming years. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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