India Ethanol Derivatives Market Analysis Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End User Industries, Distribution Channel, Region-Wise Demand, Import & Export , 2015-2030
The Ethanol Derivatives demand in India has shown robust growth in the past five years and stands at 595.37 thousand tonnes per annum in FY2021. The Ethanol Derivatives market in the country is expected to grow at a CAGR of 4.78%, and may probably value at 906.44 thousand tonnes by FY2030, owing to its growing consumption as a solvent in the country’s aggressively growing pharmaceuticals and chemicals industry. With the increase in per capita income and rising urbanization, the demand for ethanol derivatives to grow enormously in the coming years. Molasses-based ethanol refineries have added new capacities, sensing a strong surge in its demand for ethanol and its derivatives from the downstream Paint & Coating and consumer sectors.
Due to the outbreak of COVID-19 in 2020, the world economy was disrupted. The market was affected drastically, and production and manufacturing units were shut down. Furthermore, the major market players intentionally halted the production keeping their employee’s health and wellness in mind. With imposed new regulations of the COVID-19 and proper precautions, the market is anticipated to regain its growth in the years to come. The pandemic is slowly being subsided and the effects are tried to be overcome by various methods. Once the market regains the full function of its production unit, the market is bound to show robust growth in the forecast period.
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Years Considered for Analysis:
Historical Years: FY2015 – FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023 – 2030
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