India Ethanol Market Size, Growth, Analysis & Forecast, 2035 (2024)

Description

The India Ethanol market has reached around 3200 million liters in FY2023 and is expected to further grow at a CAGR of 5.67% during the forecast period until FY2035. The Indian Ethanol market is projected to expand swiftly in the forecast period on the back of increased Ethanol consumption in fuel additives and beverages. Moreover, major investments made by the Government of India towards converting excess sugar to Ethanol, further strengthened by the government’s vision to create an Ethanol Economy will accelerate the Ethanol demand in the forecast period.

Ethanol is also a prominent alcoholic beverage, mainly found in beer, cider, wine, and spirits. Hence factors such as changing lifestyle along with growing adoption of the western culture are likely to drive the demand for Ethanol in the country. 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. These factors will further propel the growth of the Ethanol market in India and reach a figure of approximately 6300 million liters by FY2035.

Based on the region, the Ethanol market is segmented into West, South, North, and South. During the historic period of FY2015-FY2023, West India dominated the Ethanol market and is anticipated to show the same trend in the upcoming years as well owing to surging demand of ethanol in various industries situated in states like Gujarat, Maharashtra, and Rajasthan.

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.

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 57% in FY2023. 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.

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.

Years considered for this report:

Historical Period: FY2015-FY2023

Base Year: FY2023

Estimated Year: FY2024

Forecast Period: FY2025- FY2035

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Objective of the Study:

• To assess the demand-supply scenario of Ethanol which covers production, demand and supply of Ethanol market in India.

• To analyse and forecast the market size of Ethanol in India.

• To classify and forecast India Ethanol market based on end-use and regional distribution.

• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Ethanol market in India.

To extract data for India Ethanol market, primary research surveys were conducted with Ethanol manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for India Ethanol market over the coming years.

ChemAnalyst calculated Ethanol demand in India by analyzing the historical data and demand forecast which was carried out considering the imports and domestic production coupled with demand from end user industry. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data / import data of Ethanol to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.

Key Target Audience:

• Ethanol manufacturers and other stakeholders

• Organizations, forums and alliances related to Ethanol distribution

• Government bodies such as regulating authorities and policy makers

• Market research organizations and consulting companies

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Ethanol manufacturers, customers and policy makers. 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:

Available Customizations:

With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.

In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com

Market Data & Insights

Table of Content

1. Industry Market Size

It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Ethanol market in terms of value and volume.

2. Capacity By Company

On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Ethanol.

3. Capacity By Location

To better understand the regional supply of Ethanol by analyzing its manufacturers' location-based capacity.

4. Production By Company [Quarterly Update]

Study the historical annual production of Ethanol by the leading players and forecast how it will grow in the coming years.

5. Demand by End- Use[Quarterly Update]

Discover which end-user industry (Fuel & Fuel Additive, Food & Beverages, Chemicals, Cosmetics & Personal Care Products, and Others) are creating a market and the forecast for the growth of the Ethanol market.

6. Demand by Region

Analyzing the change in demand of Ethanol in different regions across India, i.e., North India, South India, East India, West India, that can direct you in mapping the regional demand.

7. Demand by Sales Channel (Direct and Indirect)

Multiple channels are used to sell Ethanol. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.

8. Demand-Supply Gap

Determine the supply-demand gap to gain information about the trade surplus or deficiency of Ethanol.

9. Company Share

Figure out what proportion of the market share of Ethanol is currently held by leading players across India.

10. Country-wise Export

Get details about quantity of Ethanol exported by major countries.

11. Country-wise Import

Get details about quantity of Ethanol imported by major countries.

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