June 28, 2022 07:28 ET | Source: Research and Markets Research and Markets
Dublin, June 28, 2022 (GLOBE NEWSWIRE) -- The "India Ethanol Market, By Type (Bioethanol v/s Synthetic Ethanol), By Raw Material (Sugar and Molasses Based, Grain Based, Lignocellulosic Biomass, Algal Biomass), By Purity, By Application, By Region, By States, Competition, Forecast & Opportunities, 2017-2027F" report has been added to ResearchAndMarkets.com's offering. The Indian Ethanol Market was valued at USD2805.38 million in 2021 and is anticipated to grow with a CAGR of 12.68% during the forecast period to achieve the market value of USD5638.56 million by 2027 and is anticipated to grow due to the increasing biofuel demand.
The country is steadily adopting the use of electric vehicles and biofuels like ethanol. Expanding agriculture sector and utilization of the feedstock for ethanol production is a rising trend in the country. The government is actively investing in the market and promoting the schemes and plans for increasing the production and thus the growth of the Indian Ethanol Market in the next five years. Moreover, government policies like the new ethanol blending program (EBP) which makes it compulsory for oil manufacturing companies (OMCs) to blend 10% ethanol in petrol by the end of 2022 and 20% by 2025, are aiding the growth of the Indian Ethanol Market in the future five years. Demand for ethanol is also increasing extensively as a solvent for the manufacturing of varnishes and perfumes. Preparation and manufacturing of the essence, flavor, etc., also drive market growth.
Furthermore, the demand for ethanol has also increased due to the present pandemic situation. With the surging requirement for maintaining hygiene and cleanliness and avoiding the viral infection of COVID-19, the demand for hand sanitizers and cleaning agents with a high concentration of ethanol has increased, thus aiding the growth of the Indian Ethanol Market in the forecast period.
Report Scope: In this report, the Indian Ethanol Market has been segmented into following categories, in addition to the industry trends which have also been detailed below: India Ethanol Market, By Type:
India Ethanol Market, By Purity:
India Ethanol Market, By Application:
India Ethanol Market, By Region:
Key Topics Covered: 1. Product Overview 2. Research Methodology 3. Executive Summary 4. Impact of COVID-19 on India Ethanol Market 5. Voice of Customer 5.1. Brand Awareness 5.2. Preference, By Raw Material 5.3. Preference, By Purity 5.4. Demand, By Application 6. India Ethanol Market Outlook 7. India Bioethanol Market Outlook 8. India Synthetic Ethanol Market Outlook 9. Market Dynamics 10. Market Trends & Developments 11. Policy & Regulatory Landscape 12. India Economic Profile Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/jfks64