India Ethanol Market Size to Surpass Around US$ 6.83 Billion 2030, Recording a CAGR of 15.9% | Report by CoherentMI - Seite 2

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Growth Drivers

• Supportive Government Policies
• Growing Automotive Sector
• Increasing Consumption as Biofuel
• Expanding End-use Applications

Restraints & Challenges

• High Feedstock Costs
• Lack of Adequate Storage & Handling Infrastructure
• Constraints in Supply Chain Mechanism

Key Market Takeaways:

• India Ethanol Market Size is anticipated to witness a CAGR of 15.9% during the forecast period 2023-2030, owing to the increasing demand for ethanol as a fuel source. On the basis of the source segment, molasses is expected to hold a dominant position, owing to its widespread availability and sustainability.
• On the basis of the end-use segment, the fuel segment is expected to dominate the market, driven by the need for cleaner and less toxic fuels in various industries.
• India is expected to hold a dominant position in the Ethanol Market over the forecast period, due to its advanced infrastructure and government support for renewable energy.
• Key players operating in the India Ethanol Market include Praj Industries, Triveni Engineering & Industries Ltd, Shree Renuka Sugars, Balrampur Chini Mills Ltd, and Bajaj Hindusthan Sugar Ltd, among others. These players have a strong presence in the market and focus on product innovation and strategic collaborations to maintain their competitive edge.

Market Trends:

Increasing investments in ethanol production: In recent years, there has been a significant increase in investments in ethanol production facilities in India. Companies are expanding their ethanol production capacities to meet the growing demand for biofuels. This trend is driven by government incentives and subsidies, as well as the rising need for clean and sustainable energy sources.

Growing demand for ethanol as a solvent: Apart from its use as a biofuel, ethanol is also widely used as a solvent in various industries, including pharmaceuticals, cosmetics, and chemicals. The increasing demand for ethanol as a solvent is attributed to its excellent solvent properties, low toxicity, and eco-friendly nature. This trend is expected to contribute to the growth of the India Ethanol Market in the coming years.