PRZOOM - /newswire/ -
Noida, Uttar Pradesh, India, 2010/11/08 - Ethanol consumption in India is expected to grow at 4% CAGR during 2009-2018, says RNCOS in its research report.
According to our research report “Emerging Biofuel Market in India”, the Indian biofuel market has been consistently witnessing growth and developments for the past few years. On the back of these developments, the Indian ethanol consumption is projected to grow at a CAGR of around 4% during 2009-2018. Ethanol consumption is expected to grow more rapidly than domestic production thus, creating an ethanol import scenario during the forecast period. The report thoroughly discusses various factors contributing to the growth of ethanol consumption. Further, the trend of high consumption will not be limited to ethanol, but biodiesel will also register strong upsurge in consumption in coming years.
On account of 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. Our report provides 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 study reveals that the Indian biofuel industry is being driven by mandated biofuel usage policies and fiscal incentives. The government support is much more vital to keep the sustainability of biofuel in long run to satisfy the amplifying fuel demand for transportation. Growing concern over climate changes is also providing thrust to the biofuel industry. Our report has analyzed the government initiatives and policies regarding ethanol and biodiesel.
Assuming that the government will continue to support and encourage the use of ethanol-blended petrol in near future, there are high chances of growth of flex-fuel vehicles in India. Besides flex-fuel vehicles, our report has covered other emerging industry trends. Our report also presents forecast for various segments of the Indian biofuel industry, based on feasible biofuel industry environment.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.