According to ChemAnalyst report, “India Ethanol Derivatives Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, FY2015-FY2030”, The India Ethanol Derivatives Market is likely to grow at a CAGR of 4.83% during the forecasted period by FY2030. The end-use industries Paints, Coating & Adhesive, Personal Care and Cosmetics, and Pharmaceutical are anticipated to boost the demand for Ethanol Derivatives in India in the forthcoming years.
Ethanol can be synthesized by the fermentation of an organic substance as well as by ethylene under the action of a catalyst. The market for ethanol derivatives is enormous and consists of many chemical products divided into many groups according to their uses and characteristics. The increased demand for ethanol as a renewable fuel and cleaning agent has led to an increase in ethanol production facilities, and ethanol derivatives have become increasingly popular due to their low cost and environmentally favourable nature compared to other petroleum derivatives.
Owing to the growing consumption of Ethanol derivatives as a solvent in the country’s aggressively growing pharmaceuticals and chemicals industry, the demand for these derivatives is anticipated to rise in the forecast period. Additionally, with the increase in per capita income and rising urbanization, the demand for ethanol derivatives is anticipated to grow enormously in the coming years. Molasses-based ethanol refineries have added new capacities, sensing a strong surge in the demand for ethanol and its derivatives from the downstream Paint & Coating and consumer sectors. Although, the usage of Ethanol derivatives for manufacturing paints & coatings is a major application. Owing to the fast-paced industrialization across India, the demand for paints & coatings will most likely swell up in the forecast period.
The India Ethanol Derivatives Market is segmented based on end-use, sales channel, and region. Based on end-use, the India Ethanol Derivatives market is divided into Paints, Coating & Adhesive, Personal Care and Cosmetics, Pharmaceutical, and Others. Although, the Paints, Coating & Adhesive sector is dominating the Ethanol Derivatives market. In FY2023, this sector held about 62% of the market share and is anticipated to dominate the market even in the forecast period.
Based on region, the India Ethanol Derivatives Market is segregated into North, South, East, and West. Among these, North India has been dominating the market. In FY2022, North India accounted for approximately 35% of the market and is likely to dominate in the forecast period.
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“India Ethanol Derivatives Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, FY2015-FY2030” Domestic players in the India Ethanol Derivatives market are India Glycols Limited, Jubliant Lifesciences, Godavari Biorefineries Limited, Laxmi Organic Industries Ltd, Laxmi Organic Industries Ltd, Ashok Alco chem Limited, Banstag Life sciences Pvt. Ltd, and Others. Other significant global players in the Ethanol Derivatives market are Celanese Corporation, Jiangmen Handsome, Jiangsu Jinmaoyuan, Jiangu Sopo, Anhui Huayi, and Braskem.
“Due to its numerous uses in Paints, Coating & Adhesive, Personal Care and Cosmetics, Pharmaceutical industries, Ethanol Derivatives have a high demand across India. Growing infrastructure development and renovation across India is fuelling the demand for materials like Paints, Coatings & Adhesives, which are favouring the Ethanol Derivatives' potential for growth in the forecast period until FY2030. Additionally, it is predicted that in future, the market would be further influenced by growing usage of these derivatives in the Personal Care and Cosmetics industry. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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