India Ethanol Market to Grow with a CAGR of 8.84% through 2029

Growing demand of biofuels for sustainable development and rising demand from automotive sector are the major driver of India Ethanol Market

According to TechSci Research report, “India Ethanol Market – By Region, Competition, Forecast and Opportunities, 2029”, India Ethanol Market Size is USD 6512.27 million in 2023 and is anticipated to increase at a CAGR of 8.84% in the forecast period. A significant factor fueling the growth of India Ethanol Market is the growing demand of biofuel for sustainable development. Ethanol is a renewable feedstock-based fuel that is generated from various plants sources. Biofuels are liquid fuels that come from renewable raw materials and one of their main assets is that they have zero or low CO₂ emissions during their production and final use. Among them, biodiesel, biogas, or bio alcohols such as bioethanol. Bioethanol is considered a carbon-neutral fuel, because it does not increase the net amount of carbon dioxide in the atmosphere.

Bioethanol can also be used as a fuel additive or a substitute for gasoline in vehicles that are designed to run on ethanol or flex-fuel. Moreover, bioethanol has several benefits, including its renewability, biodegradability, and importance in reducing greenhouse gas emissions. Bioethanol is also non-toxic and helps reduce our dependence on crude oil. Additionally, ethanol is an alcohol that can be blended with gasoline to increase its octane rating and reduce its carbon monoxide and other smog-causing emissions. Along with this, Ethanol is a common ingredient in many personal care products, such as cosmetics, perfumes, lotions, and hair products. Ethanol acts as a solvent, a preservative, an antiseptic, and a fragrance enhancer that result in enhancing the India Ethanol Market in the forecast period.

Furthermore, the market is being further stimulated by favorable government policies for ethanol use, rising demand from the automotive sector, high research and innovation regarding the generation of 3^rd and 4^th generation ethanol.

However, lack of awareness and understanding of ethanol, consumers and industries may not be inclined to adopt it as a fuel source slows down the growth of India Ethanol Market. Also, limited availability of feedstock due to fluctuations in agricultural production, weather conditions, and seasonal variations further slowdown the India Ethanol Market growth.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "India Ethanol Market"

India Ethanol Market is segmented based on type, raw material, purity, application, and region.

Based on type, the market is divided into bio ethanol and synthetic ethanol. Bioethanol is expected to hold the largest market share in the forecast period with 87.49% in 2024. As bioethanol is a type of alcohol that is obtained from different types of plants rich in cellulose such as sugar cane, sugar beet, or some grains such as corn and it reduces the emission of greenhouse gases.

Based on raw material, the market is categorized into sugar & molasses based, grain based, lignocellulosic biomass and algal biomass. Sugar & molasses based is expected to hold the largest market share in the forecast period with 81.87% in 2024. This is due to large availability of sugarcane with economical price that help to increase the production capacity of ethanol as well as utilization of its waste in the generation of electricity.

Based on purity, the market is segmented into denatured and undenatured. Denatured is expected to hold the largest market share in the forecast period with 65.86% in 2024. This is due to their large utilization in various application. As denatured alcohol is used as a lower-cost solvent or fuel for home-scale or industrial use.

Based on application, the market is segmented into fuel & fuel additives, industrial solvents, disinfectant, personal care, beverage and others. Fuel & fuel additives segment is expected to hold the largest market share in the forecast period with 38.27% in 2024. This is due to wide use of fuel & fuel adhesives in various applications such as fuel tanks, fuselage, wings, and engine components as well as it reduces harmful emissions and improves air quality.

Major companies operating in the India Ethanol Market are:

• India Glycol Limited
• Triveni Engineering & Industries Ltd.
• Shree Renuka Sugars Limited
• Balrampur Chini Mills Limited
• Dhampur Sugar Mills Ltd
• Bajaj Hindusthan Sugar Ltd.
• Dalmia Bharat Sugar and Industries Limited
• E.I.D.-Parry (India) Limited
• Simbhaoli Sugars Ltd.
• Mawana Sugars Limited

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“North region is expected to grow at the highest rate during the forecast period due to presence of large number of market players and adequate number of feedstocks materials such as sugarcane, corn, maize, etc. Moreover, increasing utilization of ethanol under the Ethanol Blended Petrol (EBP) program which utilize ethanol with petrol in blending manner, at present E10 blending is used in which 10% ethanol and 90% petrol are use as fuel in the vehicles and furthermore, government focusing on the blending of 20% ethanol with petrol and availability of E20 blended fuel by 2025 result in increasing the demand of ethanol that creates huge prospects of market growth during the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Ethanol Market, By Type (Bio Ethanol, Synthetic Ethanol), By Raw Material (Sugar & Molasses Based, Grain Based, Lignocellulosic Biomass, Algal Biomass), By Purity (Denatured, Undenatured), By Application (Fuel & Fuel Additives, Industrial Solvents, Disinfectant, Personal Care, Beverage), By Region, Competition, Forecast and Opportunities, 2029, has evaluated the future growth potential of India Ethanol Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India Ethanol Market.”

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