India Bioethanol Market Outlook

by Lisa Tate Industrial Report-TechSci Research

India Bioethanol market is anticipated to grow at an impressive CAGR of 17.44% to reach at USD 10644.31 million by 2027.

Recommended Features

Industry Report
Top Five Companies Profile
Market Size
Market Share
Market Forecast

Learn more about India Bioethanol Market Outlook»

Review on India Bioethanol Market Outlook

India Bioethanol market is anticipated to grow at an impressive CAGR of 17.44% to reach at USD 10644.31 million by 2027. Bioethanol is a relatively low-cost alternative fuel that boasts less pollution and is readily available than unblended gasoline. As it is a product of molasses, grains and processed corn, Bioethanol also reduces the pressure to drill in environmentally sensitive places. Bioethanol production also supports farmers and creates domestic jobs as it is produced from domestically grown crops which helps in reducing dependence on foreign oil.

Though Bioethanol and other biofuels are often promoted as clean, low-cost alternatives to gasoline, Sugarcane farming, which is mostly used as raw material for producing Bioethanol in India, still has a harmful impact on the environment as Sugarcane is highly water intensive crop and its high cultivation is gradually leading to lowering of water table. Intensive use of fertilizers and pesticides used in farming also affect land productivity and soils water retention capacity.

Bioethanol demand has tripled in four years, but production capacity has only doubled. According to recent trends in the segment, Bioethanol production is witnessing steep rise due to mandatory blending of 20% Bioethanol in Gasoline by 2025 and 10% by 2022. Automobile companies are also looking forward to rollout of E20 material-compliant and E10 engine-tuned vehicles from April 2023.

Apart from its use as a fuel, Bioethanols demand is increasing extensively as a solvent in the manufacture of varnishes and perfumes, and as surface disinfectant whose demand was at peak during COVID-19 as it was used in manufacturing of hand sanitizers.

Company Profiles

Bajaj Hindustan Sugar Ltd., Balarampur Chinni Mills Ltd., Shree Renuka Sugars Ltd., Mawana Sugars Ltd., Triveni Engineering & Industries Ltd., India Glycols Ltd., HPCL Biofuels Limited, Godavari Biorefineries, Simbhaoli Sugars Ltd., Riga Sugars, E.I.D Parry India Ltd., Dalmia Bharat Sugar