The Indian biofuel market has been consistently witnessing growth and developments for past few years. The Government of India is injecting huge amount of money and resources into the development of this sector in an attempt to reduce dependency on imported oil. High volatile oil prices and production levels have further enlightened the need for continuous developments of this sector.
According to our research report “Emerging Biofuel Market in India”, the Indian ethanol consumption is projected to grow at a CAGR of around 4% during 2009-2018. We have thoroughly discussed various factors contributing to the growth of ethanol consumption in the report. Besides, the trend of high consumption will not be limited to ethanol but biodiesel will also register strong upsurge in consumption in coming years.
Thanks to fluctuating oil prices in the international market and continuously increasing oil import, the Indian biofuel sector is expected to see robust growth in coming years. Currently, ethanol dominates the Indian biofuel sector, but biodiesel will soon join the commercial stream as the phase one of pilot projects has already been completed. Being at the initial stage, but with huge potential in terms of production, the Indian biofuel industry will prove to be a good option for biofuel producers.
“Emerging Biofuel Market in India” provides an extensive information and rational analysis of the Indian biofuel market. It gives a deep insight into ethanol and biodiesel market across the country. Analysis and statistics regarding market size, growth, segmentation and trends in technology developments have been comprehensively discussed in the report to provide clients a clear and precise overview of the concerned market.
Our report also gives forecast for various segments of the Indian biofuel industry based on feasible biofuel industry environment. These include:
- Share in Global Ethanol Production
- Ethanol Share in Gasoline-Type Fuel
- Ethanol Production
- Ethanol Consumption
- Biodiesel Demand
- Potential Market for Flex Fuel Cars
The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on correlations between past market growth, growth of base drivers and possible impact of recession on the economy.