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India Ethanol Market By Source (Sugar & Molasses Based Ethanol, Second Generation & Grain Based Ethanol), By Application (Industrial Solvent, Fuel & Fuel Additive, Beverages & Others), By Purity (Denatured & Undenatured), Competition, Forecast & Opportuni

India Ethanol Market By Source (Sugar & Molasses Based Ethanol, Second Generation & Grain Based Ethanol), By Application (Industrial Solvent, Fuel & Fuel Additive, Beverages & Others), By Purity (Denatured & Undenatured), Competition, Forecast & Opportunities, 2024

India ethanol market is projected to grow from $ 2.50 billion in 2018 to $ 7.38 billion by 2024, exhibiting a CAGR of 14.50% during 2019-2024, on the back of increasing ethanol use in applications such as fuel additives and beverages. Ethanol is a prominent alcoholic beverage, mainly found in beer, cider, wine, spirits and ale. Indian government is trying to reduce its dependence on imported crude oil and incentivizing Indian sugar manufacturers to produce ethanol for Oil Marketing Companies (OMCs). It is expected that ethanol production will increase by three to five folds in the future in order to meet the demand for its 20% Fuel Blending Program (FBP). Factors such as increasing alcohol consumption and changing lifestyle along with growing influence of the western culture are likely to drive the demand for ethanol in the country.

Industrial methylated spirits derived by adding methanol to ethanol is used as a solvent in chemical industries and in domestic burners for household chores such as heating and cooking. However, consumption of ethanol coupled with denatured alcohol is lethal and induces sleep. These properties are anticipated to hinder market growth and pose challenges to industry partakers.

In terms of source, India ethanol market has been categorized into sugar & molasses based ethanol, second generation (mixed grains) and grain-based ethanol. Based on application, the market has been segmented into industry solvent, fuel & fuel additive, beverages, disinfectant, personal care, and flavoring & fragrance. Based on purity, the market has been segmented into denatured and undenatured. Government’s emphasis on ethanol production from bio mass and solid waste is likely to become a major source of ethanol production in future.

According to OECD-FAO Agricultural Outlook 2018-2027, demand for biofuels is shifting towards emerging economies, which are rapidly putting in place policies that favor the domestic bio-fuels market. Furthermore, the market projections suggest that 84% of the total additional demand for ethanol are expected from developing countries. Additionally, in many countries, compulsory blending rules impose a minimum share of ethanol and biodiesel to be utilized in transport fuel.

Some of the major players in India 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.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020-2024

Objective of the Study:

  • To analyze and forecast India ethanol market size.
  • To forecast India ethanol market based on source, application, purity and regional distribution.
  • To identify drivers and challenges for India ethanol market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India ethanol market.
  • To conduct the pricing analysis for ethanol market.
  • To identify and analyze the profile of leading players operating in India ethanol market.
Some of the leading players in India 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.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major players operating in India ethanol market.

TechSci Research calculated India ethanol market size using a top-down approach, where data for various end-user segments was recorded and forecast for the future years was made. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:
  • Ethanol manufacturers and suppliers
  • Sugar manufacturers and breweries
  • Government bodies such as regulating authorities and policy makers
  • Associations, organizations, forums and alliances related to ethanol market
  • Research institutes and organizations
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end users. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, India ethanol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
  • Market, by Source:
  • Sugar & Molasses Based Ethanol
  • Second Generation (Lignocellulosic biomass, agriculture residues, non-food energy crops)
  • Grain Based Ethanol
  • Market, by Application:
  • Industrial Solvent
  • Fuel & Fuel Additive
  • Beverages
  • Disinfectant
  • Personal Care
  • Flavoring & Fragrance
  • Market, by Purity:
  • Denatured
  • Undenatured
  • Market, by Region:
  • North
  • South
  • East
  • West
Competitive Landscape

Company Profiles: Detailed analysis of the major companies operating in India ethanol market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
  • Profit margin analysis in case of direct and indirect sales channel.
Please Note: Printing is not available on single-user licenses.


1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Factors to be considered for product selection
4.2. Factors influencing purchase decision
4.3. Challenges/issues faced post purchase
4.4. Unmet needs
5. India Ethanol Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Source (Sugar & Molasses Based Ethanol, Second Generation Ethanol and Grain Based Ethanol)
5.2.2. By Application (Industrial Solvent, Fuel & Fuel Additive, Beverages, Disinfectant, Personal Care and Flavoring & Fragrance)
5.2.3. By Purity (Denatured and Undenatured)
5.2.4. By Region
5.2.5. By Company
5.3. Market Attractiveness Index
6. India Sugar & Molasses Based Ethanol Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Application
6.2.2. By Region
6.3. Market Attractiveness Index
7. India Grain Based Ethanol Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Application
7.2.2. By Region
7.3. Market Attractiveness Index
8. India Second Generation (Lignocellulosic Biomass, Agriculture Residue and Non-Food Energy Crops) Ethanol Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Application
8.2.2. By Region
8.3. Market Attractiveness Index
9. Pricing Analysis
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. Market Trends & Developments
12. Policy & Regulatory Landscape
13. Trade Dynamics
13.1. Imports
13.2. Exports
13.3. Trade Balance
14. India Economic Profile
15. Competitive Landscape (Leading companies)
15.1. India Glycols Ltd.
15.2. Bajaj Hindusthan Sugar Ltd.
15.3. Shree Renuka Sugars Ltd.
15.4. Balrampur Chini Mills Ltd.
15.5. Mawana Sugars Ltd.
15.6. Triveni Engineering & Industries Ltd.
15.7. HPCL Biofuels Limited
15.8. Jeypore Sugar Company Ltd.
15.9. Simbhaoli Sugars Ltd.
15.10. BSM Sugar
15.11. E.I.D Parry India Ltd.
16. Strategic Recommendations
(Note: The companies list can be customized based on the client.)
List Of Figures
Figure 1: India Ethanol Market Size, By Value (USD Billion), 2014-2024F
Figure 2: India Ethanol Market Size, By Volume (Billion Liters), 2014-2024F
Figure 3: India Ethanol Market, By Source (USD Billion), 2014-2024F
Figure 4: India Ethanol Market, By Source (Billion Liters), 2014-2024F
Figure 5: India Ethanol Market, By Application (USD Billion), 2014-2024F
Figure 6: India Ethanol Market, By Application (Billion Liters), 2014-2024F
Figure 7: India Ethanol Market, By Purity (USD Billion), 2014-2024F
Figure 8: India Ethanol Market, By Purity (Billion Liters), 2014-2024F
Figure 9: India Ethanol Market, Sugar & Molasses Based (USD Billion), 2014-2024F
Figure 10: India Ethanol Market, Sugar & Molasses Based (Billion Liters), 2014-2024F
Figure 11: India Ethanol Market, Grain Based (USD Billion), 2014-2024F
Figure 12: India Ethanol Market, Grain Based (Billion Liters),2014-2024F
Figure 13: India Ethanol Market, Second Generation (USD Billion), 2014-2024F
Figure 14: India Ethanol Market, Second Generation (Billion Liters), 2014-2024F
List Of Tables
Table 1: State-wise Sugarcane production
Table 2: Crude oil consumption in India
Table 3: India GDP
Table 4: Crude oil import
Table 5: Alcohol consumption
Table 6: Increase in disposable income
Table 7: Ethanol import
Table 8: India Ethanol Production

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