India Ethanol Market Forecast 2027 - Projected Growth & Opportunities
India Ethanol market stood at USD2805.38 million in 2021 and is expected to grow at a CAGR of 12.68% during the forecast period. This can be attributed to the factors like administrative support, and 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. Moreover, blending with gasoline over conventional unblended petrol also drives the ethanol market. Apart from that ethanol’s demand is increasing extensively as a solvent for the manufacturing of varnishes and perfumes, in the preparation of essences and flavorings, and as a surface disinfectant, the demand for which was at peak during Covid time as it was used in hand sanitizers. Favorable Policies by Government The government has set a target for blending 10% ethanol by 2022 and 20% of it by 2025, in gasoline which will save at least. New policies like the National biofu...