India Ethanol Market is Segmented By Source (Molasses, Sugar Cane Juice, Grains, Others), By End Use...
India ethanol market is estimated to be valued at US$ 3.28 Bn in 2025, and is expected to reach US$ 9.31 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 16.1% from 2025 to 2032.
India ethanol market is segmented into by source, end-user, grade, blending, application method, and region. By source, the market is segmented into molasses, sugar cane juice, grains, and others. The molasses segment accounted for the largest share of the market in 2025. Molasses is readily available in India as a by-product of sugar production. The government focus on using sugarcane juice directly to produce ethanol is expected to drive the sugar cane juice segment at the highest CAGR during 2025-2032.
India Ethanol Market- Drivers
India Ethanol Market- Restraints
Market Size in USD Bn
CAGR16.1%
Study Period | 2025-2032 |
Base Year of Estimation | 2024 |
CAGR | 16.1% |
Larget Market | India |
Market Concentration | High |
Major Players | Praj Industries, Triveni Engineering & Industries Ltd, Shree Renuka Sugars, Balrampur Chini Mills Ltd., Bajaj Hindusthan Sugar Ltd. and Among Others |
Major players operating in the India ethanol market include Piccadily Sugar & Allied Industries Ltd., Thiru Arooran Sugars Ltd., Ugar Sugar Works Ltd., Dhampure Speciality Sugars Ltd., Praj Industries, Triveni Engineering & Industries Ltd, E.I.D. Parry (India) Ltd., DCM Shriram Ltd., Mawana Sugars Ltd., Uttam Sugar Mills Ltd., Kothari Sugars And Chemicals Ltd., Avadh Sugar & Energy Ltd., The Ugar Sugar Works Ltd., Dwarikesh Sugar Industries Ltd., K.M.Sugar Mills Ltd., Shree Renuka Sugars, Balrampur Chini Mills Ltd., Bajaj Hindusthan Sugar Ltd., Dalmia Bharat Sugar and Industries Ltd., Dhampur Sugar Mills Ltd.
India Ethanol Market
New Product Launches
Acquisition and Partnerships
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Yash Doshi is a Senior Management Consultant. He has 12+ years of experience in conducting research and handling consulting projects across verticals in APAC, EMEA, and the Americas.
He brings strong acumen in helping chemical companies navigate complex challenges and identify growth opportunities. He has deep expertise across the chemicals value chain, including commodity, specialty and fine chemicals, plastics and polymers, and petrochemicals. Yash is a sought-after speaker at industry conferences and contributes to various publications on topics related commodity, specialty and fine chemicals, plastics and polymers, and petrochemicals.
How big is the India Ethanol Market?
The India Ethanol Market is estimated to be valued at USD 3.3 in 2025 and is expected to reach USD 9.3 Billion by 2032.
What are the major factors driving the India ethanol market growth?
Supportive government policies, rising consumption as biofuel, increasing demand from end-use industries, and environmental benefits are driving the market growth.
Which is the leading component segment in the India ethanol market?
The starch-based segment leads the India ethanol market.
Which are the major players operating in the India ethanol market?
Piccadily Sugar & Allied Industries Ltd., Thiru Arooran Sugars Ltd., Ugar Sugar Works Ltd., Dhampure Speciality Sugars Ltd., Praj Industries, Triveni Engineering & Industries Ltd, E.I.D. Parry (India) Ltd., DCM Shriram Ltd., Mawana Sugars Ltd., Uttam Sugar Mills Ltd., Kothari Sugars And Chemicals Ltd., Avadh Sugar & Energy Ltd., The Ugar Sugar Works Ltd., Dwarikesh Sugar Industries Ltd., K.M.Sugar Mills Ltd., Shree Renuka Sugars, Balrampur Chini Mills Ltd., Bajaj Hindusthan Sugar Ltd., Dalmia Bharat Sugar and Industries Ltd., Dhampur Sugar Mills Ltd.
What will be the CAGR of India ethanol market?
India ethanol market is projected to grow at a CAGR of 16.1% from 2025 to 2032.
What will be the CAGR of India ethanol market?
Supportive government policies, rising environmental concerns, increasing ethanol blending targets, growing automotive sector, expanding end-use applications etc.