Dublin, Feb. 03, 2023 (GLOBE NEWSWIRE) -- The "India Ethanol Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Process, Demand & Supply, Grade, Source, Purity, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030" report has been added to ResearchAndMarkets.com's offering.
India Ethanol market demand stood at 3250 Million Litres in FY2021 and is forecast to reach 5412.06 Million Litres by FY2030, growing at a healthy CAGR of 8.25% until FY2030.
Companies Mentioned
- 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
- E.I.D Parry India Ltd
The Indian Ethanol (also called Ethyl Alcohol) market is projected to expand aggressively in the forecast period on the back of increased Ethanol consumption in fuel additives and beverages. Moreover, heavy 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.
With the start of National Biofuel Policy 2018, which has put forth an Ethanol blending target of 10% by 2022 and 20% by 2030 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.
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.
However, the COVID-19 outbreak rendered an unprecedented slump in the fuel demand as transportation and logistics remained hit due to lockdown measures taken to contain the virus spread. Despite the crash in fuel demand, Ethanol players remained opportunistic as demand from the hand sanitizer segment broke records since the pandemic hit the country. Ethanol is an essential ingredient in the production of alcohol-based hand sanitizers and has been recommended by WHO in potentially deactivating the virus. Hence, there was a sudden boost in domestic Ethanol demand in Q4 FY20, causing several sugar mills such as the Indian Sugar Mills Association (ISMA) and All India Distiller Association (AIDA) to increase their produced Ethanol volumes.
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.
Moreover, India's resolve to reduce pollution and dedication towards fulfilling its COP-21, the UN Climate Conference commitments, would drive the Ethanol industry in the long term. Also, the Cabinet Committee on Economic Affairs (CCEA) in FY19 approved 'Pradhan Mantri JI-VAN Yojana' for providing financial support to integrated bio-ethanol projects using lignocellulosic biomass and several renewable feedstocks. These factors would highly favor the growth of the Indian Ethanol industry in the future.
Years Considered for this Report:
- Historical Years: FY2015 - FY2020
- Base Year: FY2021
- Estimated Year: FY2022
- Forecast Period: FY2023- FY2030
Objective of the Study:
- The primary objective of the study was to evaluate and forecast Ethanol capacity, production, demand, inventory, and the demand-supply gap in India.
- To categorize Ethanol demand based on application, end use, grade, source, purity, region, and sales channel.
- To study trade dynamics and company share in the India Ethanol market.
- To identify major customers of Ethanol in India.
- To evaluate and forecast Ethanol pricing by grade in the India Ethanol market.
- To identify and profile major companies operating in the India Ethanol market.
- To identify major news, deals, and expansion plans in the India Ethanol market.
Hefty investments in the expansion of Indian Ethanol Industry can potentially make India one of the largest Ethanol producers in the world. Indian Oil and SunLight Fuel are planning to foray into Ethanol production with over INR 2,500 crore greenfield investment. Several other private sugar mills and cooperatives are planning to follow the suit to address the issue of excess sugar production. INR 100 crore investment plan of the UP government to upgrade cooperative sugar mills to produce Ethanol along with sugar, is yet another venture into the country's Ethanol market.
Despite the steady increase in Ethanol production, India is still a net importer of Ethanol. In FY20, the US remained the single-largest Ethanol supplier to India. In Q3 FY20, the government announced to increase the prices of different grades of Ethanol under the Ethanol Blended Petrol (EBP) Programme for the forthcoming Ethanol procurement season 2019-20.
Key Topics Covered:
1. India Ethanol Market Outlook, 2015-2030
1.1. Capacity By Company
1.2. Capacity By Location
1.3. Capacity By Technology
1.4. Capacity By Process
1.5. Production, By Company
1.6. Operating Efficiency By Company
1.7. Country-Wise Import
1.8. Country-Wise Export
1.9. Demand-Supply Gap
2. India Ethanol Demand Outlook, 2015-2030
2.1. By End Use
2.2. By Grade
2.3. By Purity
2.4. By Source
2.5. By Application
2.6. By Distribution Channel
2.7. By Region
2.8. By Company Share
3. News & Deals
For more information about this report visit https://www.researchandmarkets.com/r/whl55i-ethanol?w=12
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
