Ethanol Dominates India's Biofuels Market, says New Report

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2008-10-07 13:53:26 - Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report analysing the status of the Indian biofuels market.

The report 'Emerging Biofuel Market in India', available at www.reportbuyer.com/go/RCS00451 predicts the future direction of the biofuels market by evaluating its past and current trends. It offers an analysis of the market forces and challenges affecting the industry, and studies India's potential to sustain the future growth of the industry.

Affected by the rising oil prices, India commenced its biofuel journey in 2003. Currently, ethanol dominates the Indian biofuel sector, however, biodiesel is also expected to join the commercial stream. With huge potential in terms of production at the initial stage, the Indian biofuel industry will prove to be a good option for biofuel producers, according to the 55-page report.

Key findings of the report include:
- Ethanol production of India is likely to attain a compound annual growth rate (CAGR) of just over 2% during the period 2008-2017.
- Increased ethanol use is expected to supersede the production during the forecast period. Domestic ethanol consumption in India is projected to expand at a CAGR of around 6.5% during 2008-2017.
- India's total biodiesel requirement is projected to grow to 3.6 million metric tons in 2011-12, with the positive performance of the domestic automobile industry.
- Similar to Brazil and the US, the Indian automobile industry has huge potential for FFVs, the flexible fuelled vehicles designed to run on more than one fuel.

'Emerging Biofuel Market in India' is available from Report Buyer. Please go to:
www.reportbuyer.com/energy_utilities/biofuels/emerging_biofuel_m ..

Report Buyer product ID: RCS00451

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