by The India ethanol market has been witnessing significant growth trends over the past few years due to rising adoption in the automotive fuel segment.
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.
Ethanol or ethyl alcohol is a colorless volatile flammable liquid produced by the natural fermentation of sugars and is mainly used as a biofuel and fuel oxygenate. It serves as an important component in alcoholic beverages and biofuel. Ethanol is majorly blended with gasoline to manufacture motor spirits. It provides a renewable alternative to gasoline and helps reduce greenhouse gas emissions. Ethanol has a higher octane value than gasoline which allows for more compression before ignition and better fuel efficiency. The Indian government has laid down norms for mandatory blending of fuel-grade ethanol with gasoline in order to reduce dependence on crude oil imports and pollution.
The Global India Ethanol Market is driven by stringent government regulations and policies regarding fuel blending along with awareness about environmental protection. 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 Takeaways
– Key players operating in the India ethanol market are Piccadily Sugar & Allied Industries Ltd., Thiru Arooran Sugars Ltd., Ugar Sugar Works Ltd. focusing on expanding production capacity to meet the growing demand.
– The India ethanol market is witnessing increasing demand driven by rising blending targets by the government and growth of the automotive industry. Ethanol finds wide application as a biofuel and gasoline additive.
– Major players are undertaking strategic collaborations and partnerships to strengthen distribution networks and increase global footprint particularly in Asian and African markets.
Market Key Trends
The key trend gaining traction in the India ethanol market is the growing focus on second-generation feedstocks for ethanol production. Traditional sugarcane-based feedstocks have limitations in terms of availability. Leading manufacturers are investing in research and development of technologies utilizing lignocellulosic biomass from agricultural waste, forest waste and energy crops for commercial ethanol production. This is expected to help tackle the issue of feedstock shortage and drive sustainable growth of the market over the coming years.
Porter’s Analysis
Threat of new entrants: Low as India ethanol market is dominated by large players and requires significant investment for production.
Bargaining Power Of Buyers: High as buyers have multiple domestic and international ethanol manufacturers as options.
Bargaining Power Of Suppliers: Moderate as sugarcane production depends on monsoon rains and alternative sweeteners available.
Threat Of New Substitutes: Moderate as oil marketing companies blending ethanol with petrol and diesel.
Competitive Rivalry: High as top players compete on pricing, technical support and consistent quality supply.
Geographical Regions
In terms of value, the northern region of India accounts for approximately 40% of the total India ethanol market share in 2024 led by states like Uttar Pradesh and Bihar which are major sugarcane producers in the country.
The western region, consisting of Maharashtra and Gujarat, is expected to be the fastest growing region during the forecast period of 2024-2031 with an estimated CAGR of over 18%. This can be attributed to ongoing expansion of production capacities by prominent players and increasing blending volumes by oil marketing companies in this region.
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
