DUBLIN, February 3, 2023 /PRNewswire/ — India’s Ethanol Market Analysis: Plant Capacity, Production, Operational Efficiency, Technology, Process, Demand and Supply, Quality, Source, Purity, End Use, Distribution Channel, Region, Competition, Trade, Customer and Pricing Intelligence Market Analysis, Report 2015-2030″ has been added to from ResearchAndMarkets.com offer.
Indian market demand for ethanol stood at 3250 million Liters in fiscal year 2021 and is expected to reach 5412.06 million Liters by 2030, growing at a healthy pace CAGR of 8.25% until financial year 2030.
Companies cited
- Indian 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
- EID Parry India Ltd
India’s ethanol (also known as ethyl alcohol) market is expected to grow aggressively over the forecast period owing to increasing consumption of ethanol in fuel additives and beverages. In addition, the heavy investments made by the Government of India towards the conversion of excess sugar into ethanol, further bolstered by the government’s vision to create an ethanol economy, will accelerate the demand for ethanol over the forecast period.
With the launch of the National Biofuels Policy 2018, which proposed an ethanol blending target of 10% by 2022 and 20% by 2030 from the current rate of 2-3%, demand of ethanol is expected to grow by leaps and bounds over the period. forecast. Over the past five years, the Indian government has encouraged the expansion of ethanol capacity to reduce its reliance on imported crude oil and channel excess sugar stocks into ethanol production. These factors will further propel the growth of the Ethanol market in India.
Ethanol is also a prominent alcoholic beverage, found primarily in beer, cider, wine, and spirits. Therefore, factors such as changing lifestyle and increasing adoption of Western culture are likely to drive the demand for ethanol in the country. Growing production of wine and other alcoholic beverages would further contribute to the growth of the ethyl alcohol market over the forecast period.
Due to its broad-spectrum germicidal properties, ethanol also finds several applications in disinfectants and has been strongly recommended by the WHO as an important constituent of alcohol-based hand sanitizers. Rising demand for disinfectants with increasing awareness of people’s health will further increase the demand for ethanol in the coming years.
However, the COVID-19 outbreak has led to an unprecedented drop in fuel demand as transportation and logistics remained impacted due to lockdown measures taken to contain the spread of the virus. Despite collapsing fuel demand, ethanol players remained opportunistic, with demand from the hand sanitizer segment hitting record highs since the pandemic hit the country. Ethanol is an essential ingredient in the production of alcohol-based hand sanitizers and has been recommended by the WHO to potentially inactivate the virus. Consequently, there was a sudden surge in domestic ethanol demand in the fourth quarter of FY20, forcing several sugar mills such as Indian Sugar Mills Association (ISMA) and All India Distiller Association (AIDA) to increase their volumes of ethanol produced.
India currently aims to achieve an E10 blend by 2020 and E20 by 2030. The country’s ethanol blending program emphasizes the supply of ethanol produced directly from heavy B molasses, cane juice sugar and damaged food grains. A surplus sugar season coupled with financial incentives to convert the excess sugar into ethanol should boost the volumes of ethanol produced in the coming years.
Moreover, india determination to reduce pollution and commitment to fulfilling its COP-21, the commitments of the United Nations Climate Conference, would be the engine of the ethanol industry in the long term. In addition, the Cabinet Committee on Economic Affairs (CCEA) in FY 2019 approved “Pradhan Mantri JI-VAN Yojana” to provide financial support for integrated bioethanol projects using lignocellulosic biomass and multiple renewable feedstocks. . These factors would strongly 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
Goal of the study:
- The main objective of the study was to assess and forecast ethanol capacity, production, demand, stocks and the supply/demand gap in India.
- To categorize ethanol demand based on application, end use, quality, source, purity, region, and sales channel.
- To study business dynamics and company share in the Indian ethanol market.
- Identify the main customers of Ethanol in India.
- Assess and forecast ethanol prices by grade in the Indian ethanol market.
- Identify and profile major companies operating in the Indian ethanol market.
- Identify major news, offers and expansion plans in the Indian ethanol market.
Significant investment in the expansion of India’s ethanol industry can potentially make India one of the largest ethanol producers in the world. Indian Oil and SunLight Fuel plan to start producing ethanol with higher INR 2,500 crores investment in green zone. Several other sugar factories and private cooperatives plan to follow suit to solve the problem of excessive sugar production. RNI 100 crores Another venture in the country’s ethanol market is the UP government’s investment plan to upgrade cooperative sugar factories to produce ethanol with sugar.
Despite the steady increase in ethanol production, India is still a net importer of ethanol. In fiscal year 2020, the United States remained the largest supplier of ethanol to India. In the third quarter of fiscal 2020, the government announced a price increase for different grades of ethanol under the Ethanol Blended Petrol (EBP) program for the upcoming 2019-20 ethanol supply season.
Main topics covered:
1. India Ethanol Market Outlook, 2015-2030
1.1. Capacity per company
1.2. Capacity per location
1.3. Capacity by technology
1.4. Capacity per process
1.5. Production, by company
1.6. Operational efficiency by company
1.7. Import by country
1.8. Export by country
1.9. Gap between supply and demand
2. India Ethanol Demand Outlook, 2015-2030
2.1. By end use
2.2. By level
2.3. By purity
2.4. By origin
2.5. By request
2.6. By distribution channel
2.7. By region
2.8. Per company share
3. News and offers
For more information about this report visit https://www.researchandmarkets.com/r/dxmxpn-ethanol?w=5
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