According to ChemAnalyst 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, 2015-2030”, India Ethanol market grew at a CAGR of around 12.50% during 2015-2019 and is projected to grow aggressively during the forecast period.Moreover, through its strong ties with Brazil and other nations which have been at the forefront of biofuel adoption globally, the Indian Ethanol industry is heading towards novel developments in its policies and production technologies.However, outbreak of COVID-19 rendered an unprecedented crash in the global fuel consumption as operations remained halted for most of the fourth quarter of 2020 due lockdown measures taken to contain the virus spread.Despite downfall in fuel demand, Ethanol players remained optimistic as the demand from the hand sanitizer segment touched record breaking highs as Ethanol serves as an essential ingredient in the production of alcohol-base hand sanitizers.can also act as ethanol sources, while synthetic ethanol’s primary feedstock is ethylene.The key 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. With huge capacity expansion plans scheduled on the cards, India can become one of the largest Ethanol producers in the world.Indian Currently, the Indian government is evaluating over 150 proposals from sugar mills planning to set up new facilities or expand their existing plants.
For the Quarter Ending March 2021North AmericaIn North America, the price of Ethanol surged due to production cuts and high demand from the domestic consumers as well as for exports.In addition, USA exports skyrocketed due to sudden rise in export demand from China.AsiaIn the Asian markets, overall demand for Ethanol remained firm from the downstream sectors during Q1 2021.Meanwhile the demand from disinfectant or sanitizers manufacturers remained stable throughout the quarter.Market Overview: is a flammable and volatile organic chemical compound.Ethanol is also widely utilized as an intoxicating ingredient in alcohol and thus constitutes vivid demand from the alcohol and beverages industry.Product Specific DetailsCAS No.: 64-17-5; HS Code: 22072000; Grades: Pure/absolute, denatured, industrial; Packaging Size: Tanker/Drum; Incoterms: CFR, FOB, Ex-Works, Bulk Contracted, SpotCountries Covered:APAC – China, Japan, India, South Korea, SingaporeEurope – Germany, France, BelgiumAmerica – USA, BrazilMEA – Saudi Arabia, UAE, South AfricaHow we can helpChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices.It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on.