India Ethanol: Market Analysis and Opportunity Assessment 2030

11/giu/2020 13:36:41 SophiaJones Contatta l'autore

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Market Reports on India Provides the Trending Market Research Report ‘India Ethanol Market: Plant Capacity, Production, Operating Efficiency, Technology, Process, Demand & Supply, Grade, Source, Purity, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030under Chemical Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

India Ethanol market demand grew at a CAGR of 12.50% during 2015-2019 and is anticipated to achieve a healthy growth rate during the forecast period. 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 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 Ethanol market in India.

Request a free sample copy of India Ethanol Market Report
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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 alcohol 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, COVID-19 outbreak rendered an unprecedented slump in the fuel demand as transportation and logistics remained hit due lockdown measures taken to contain the virus spread. Despite 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 sanitisers 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 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. 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 Indian Ethanol industry in future.

Years Considered for this Report:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030

Objective of the Study:

  • The primary objective of the study was to evaluate and forecast Ethanol capacity, production, demand, inventory, and 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 India Ethanol market.
  • To identify major customers of Ethanol in India.
  • To evaluate and forecast Ethanol pricing by grade in India Ethanol market.
  • To identify and profile major companies operating in India Ethanol market.
  • To identify major news, deals and expansion plans in India Ethanol market.

Some of the major players operating in the Indian Ethanol market are 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 and E.I.D Parry India Ltd. 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 steady increase in Ethanol production, India is still a net importer of Ethanol. In FY20, US remained the single-largest Ethanol supplier to India. In FY20, Ethanol prices were assessed at USD XXX per MT on bulk contract basis. 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.

To extract data for India Ethanol market, primary research surveys were conducted with Ethanol manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, Chem Analyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, Chem Analyst analyzed various end user segments and projected a positive outlook for India Ethanol market over the coming years.

Chem Analyst calculated Ethanol demand in India by analyzing the historical data and demand forecast was carried out considering the end use industries growth. Chem Analyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by Chem Analyst.

Key Target Audience:        

  • Ethanol manufacturers and other stakeholders
  • Organizations, forums and alliances related to Ethanol distribution
  • Government bodies such as regulating authorities and policy makers
  • Market research organizations and consulting companies

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Ethanol manufacturers, distributors and policy makers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.

Report Scope:
In this report, the India Ethanol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Grade- Food Grade, Industrial Grade, Pharmaceutical Grade, and Lab Grade
  • Market, by Source- Sugar & Molasses Based Ethanol, Second Generation & Grain Based Ethanol
  • Market, by Purity- Denatured & Undenatured
  • Market, by End Use- Industrial Solvent, Fuel & Fuel Additive, Beverages & Others
  • Market, by Sales Channel- Direct/Institutional Sales, Retail Sales, Other Channel Sales
  • Market, by Region- North, West, East and South

Competitive Landscape
ChemAnalyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis etc.to give a comprehensive and meaningful insights on the respective product market.

Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.

 Browse our full report with Table of Content : http://www.marketreportsonindia.com/marketreports/india-ethanol-market-plant-capacity-production-operating-efficiency-technology-process-demand-supply-grade-sou/2084967

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