April 24, 2024
India Ethanol

India Ethanol Market Estimated To Witness High Growth Owing To Increasing Blending Targets

Ethanol is an ethyl alcohol produced by fermentation of sugar crops such as sugarcane, corn, and wheat. The India ethanol market is primarily driven by the fluctuating crude oil prices and government initiatives to increase ethanol blending with gasoline. The Indian government has set an ambitious target of 20% ethanol blending with gasoline by 2025 to reduce crude oil import dependence and provide alternative fuel choices. Ethanol has various advantages over gasoline including lower emission of greenhouse gases.

The Global India Ethanol Market Size Is Estimated To Be Valued At US$ 2.43 Bn In 2024 And Is Expected To Exhibit A CAGR Of 15.% Over The Forecast Period 2024-2031.

Key Takeaways

Key Players: Key players operating in the India ethanol market are Piccadily Sugar & Allied Industries Ltd., Thiru Arooran Sugars Ltd., Ugar Sugar Works Ltd., Dhampure Speciality Sugars Ltd., Praj Industries, Triveni Engineering & Industries Ltd, E.I.D. Parry (India) Ltd., DCM Shriram Ltd., Mawana Sugars Ltd., Uttam Sugar Mills Ltd., Kothari Sugars And Chemicals Ltd., Avadh Sugar & Energy Ltd., The Ugar Sugar Works Ltd., Dwarikesh Sugar Industries Ltd., K.M.Sugar Mills Ltd., Shree Renuka Sugars, Balrampur Chini Mills Ltd., Bajaj Hindusthan Sugar Ltd., Dalmia Bharat Sugar and Industries Ltd., Dhampur Sugar Mills Ltd.

Key Opportunities: Increasing production of second-generation ethanol from agricultural residues and need to reduce carbon footprint of transportation sector will open new opportunities in the market. Innovations in feedstock and process technologies will further boost ethanol production capacities.

Global Expansion: Major players are focusing on global expansion through strategic partnerships, mergers and acquisitions to strengthen supply chain and distribution networks. Investments in developing countries will create new growth avenues.

Market Drivers: The key driver for the India ethanol market is the increasing blending targets by the government of India. This is done to reduce crude oil import dependence and provide alternative fuel choices. The 10% and 20% ethanol blending targets by 2022 and 2025 respectively will drive significant demand over the coming years.

Pest Analysis

Political: India has increased the ethanol blending target from 20% to 25% by 2025. This has boosted investments in the sector.

Economic: India aims to reduce imports of crude oil by 10% by 2022 by increasing blending of ethanol in petrol. This will save precious foreign exchange.

Social: Use of ethanol for blending will help reduce pollution levels since it is a cleaner fuel compared to petrol and diesel. This has support among communities.

Technological:
New technologies like continuous fermentation and bio refineries are being adopted to lower production costs and improve yields. This will help the sector grow faster.

Northern Region: Northern region including Uttar Pradesh and Punjab accounts for over 30% share in terms of value since this is a major sugarcane growing belt with well established infrastructure.

Western Region: States like Maharashtra and Karnataka are witnessing fastest growth led by increased investments in new distilleries and adoption of latest technologies. The region is expected to account for 25% share by 2027.

What are the key data covered in this Global India Ethanol Market report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Global India Ethanol Market’s growth between 2024 and 2031.

:- Accurate calculation of the size of the Global India Ethanol Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behavior

:- Global India Ethanol Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Global India Ethanol Market vendors

FAQ’s

Q.1 What are the main factors influencing the Global India Ethanol market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Global India Ethanol Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Global India Ethanol market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note:
1.       Source: CoherentMI, Public sources, Desk research
2.       We have leveraged AI tools to mine information and compile it