India Bio-Based Ethylene Market

Historic Data: 2021-2022   |   Base Year: 2023   |   Forecast Period: 2024-2031


No. of Pages: 63    |    Report Code: BMIRE00030874    |    Category: Chemicals and Materials

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India Bio-Based Ethylene Market

India bio-based ethylene market is expected to grow from US$ 15.22 million in 2023 to US$ 31.96 million by 2031. It is expected to grow at a CAGR of 9.7% from 2023 to 2031.

 

Bio-based ethylene is produced from renewable resources such as sugarcane or corn, widely attributed as an alternative to fossil fuel-derived ethylene. India’s abundant agricultural resources also make the production of bio-ethylene economically attractive. The country’s packaging industry is growing significantly, coupled with regulatory pressure to reduce its environmental footprint. Multinational corporations operating in India are adopting global sustainability pledges, further fueling the shift towards bio-based materials.

Bio-based ethylene, derived from renewable resources such as bioethanol, presents a sustainable alternative to conventional ethylene. The production of bio-based ethylene involves the dehydration of bioethanol, which can be sourced from various biomass feedstocks, including sugarcane, corn, and agricultural residues. The adoption of bio-based ethylene reduces the dependency on fossil fuels and contributes less to greenhouse gas emissions, rendering it an attractive option for manufacturers seeking to meet their sustainability targets. The Indian government has been proactive in encouraging the development and adoption of bio-based chemicals through various policy measures and incentives. For instance, the introduction of the National Policy on Biofuels aims to promote the production of biofuels, including bioethanol, which is a key feedstock for bio-based ethylene.

The emergence of second-generation bioethanol represents a significant leap forward in bioethanol production technology, with profound implications for the bio-based ethylene market in India. Unlike first-generation bioethanol, which is derived from food crops such as sugarcane and corn, second-generation bioethanol is produced from non-food biomass, including agricultural residues, waste, and lignocellulosic materials. This shift is crucial because it addresses one of the major drawbacks of bioethanol production—its competition with food crops for land and resources. With the utilization of agricultural waste and other non-food biomass, second-generation bioethanol reduces the pressure on the food supply chain, making bio-based ethylene production more sustainable and socioeconomically viable.

Alongside advancements in bioethanol production, ongoing innovations in bio-based ethylene production are expected to drive the growth of the India bio-based ethylene market. Research and development efforts are focused on making the production of bio-based ethylene more efficient and cost-effective. This includes the development of advanced enzymatic processes that can break down biomass into sugars more effectively, which are then fermented to produce ethanol. Improvements in fermentation techniques are also being pursued to increase the yield of ethanol, which is critical for the cost competitiveness of bio-based ethylene. Thus, technological innovations in bioethanol and bio-ethylene production, aligning with the broader global shift toward greener, more sustainable chemical production processes, will likely bring new growth trends in the India bio-based ethylene market in the coming years.

Based on raw material, the India bio-based ethylene market is segmented into sugar, starch, and lignocellulosic. In 2023, sugar segment held a significant market share during the forecast period. The production of bio-based ethylene is a two-stage process. Sugar-rich feedstocks such as sugarcane are fermented to produce ethanol, which is further subjected to a dehydration process to produce ethylene. Advancements in catalysis and optimization of processes are fostering the sourcing of ethylene from sugar sources.

Braskem SA, The Dow Chemical Co, Saudi Basic Industries Corp, Occidental Petroleum Corp, and INEOS Group Holdings SA, are among the leading players in the India bio-based ethylene market. These companies are adopting mergers & acquisitions and product launches to expand their geographic presence and consumer bases.  

 

The overall India bio-based ethylene market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants, including valuation experts, research analysts, and key opinion leaders—specializing in the India bio-based ethylene market.


India Bio-Based Ethylene Strategic Insights

Strategic insights for the India Bio-Based Ethylene provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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India Bio-Based Ethylene Report Scope

Report Attribute Details
Market size in 2023 US$ 15.22 Million
Market Size by 2031 US$ 31.96 Million
Global CAGR (2023 - 2031) 9.7%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Raw Material
  • Sugar
  • Starch
  • Lignocellulosic Biomass
By End-Use Industry
  • Packaging
  • Additives
  • Lubricant
  • Detergents
Regions and Countries Covered India
  • India
Market leaders and key company profiles
  • Braskem SA
  • The Dow Chemical Co
  • Saudi Basic Industries Corp
  • Occidental Petroleum Corp
  • INEOS Group Holdings SA
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    India Bio-Based Ethylene Regional Insights

    The geographic scope of the India Bio-Based Ethylene refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    The List of Companies - India Bio-Based Ethylene Market

    • Braskem SA
    • The Dow Chemical Co
    • Saudi Basic Industries Corp
    • Occidental Petroleum Corp
    • INEOS Group Holdings SA
    Frequently Asked Questions
    How big is the India Bio-Based Ethylene Market?

    The India Bio-Based Ethylene Market is valued at US$ 15.22 Million in 2023, it is projected to reach US$ 31.96 Million by 2031.

    What is the CAGR for India Bio-Based Ethylene Market by (2023 - 2031)?

    As per our report India Bio-Based Ethylene Market, the market size is valued at US$ 15.22 Million in 2023, projecting it to reach US$ 31.96 Million by 2031. This translates to a CAGR of approximately 9.7% during the forecast period.

    What segments are covered in this report?

    The India Bio-Based Ethylene Market report typically cover these key segments-

  • Raw Material (Sugar, Starch, Lignocellulosic Biomass)
  • End-Use Industry (Packaging, Additives, Lubricant, Detergents)
  • What is the historic period, base year, and forecast period taken for India Bio-Based Ethylene Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the India Bio-Based Ethylene Market report:

  • Historic Period : 2021-2022
  • Base Year : 2023
  • Forecast Period : 2024-2031
  • Who are the major players in India Bio-Based Ethylene Market?

    The India Bio-Based Ethylene Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Braskem SA
  • The Dow Chemical Co
  • Saudi Basic Industries Corp
  • Occidental Petroleum Corp
  • INEOS Group Holdings SA
  • Who should buy this report?

    The India Bio-Based Ethylene Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the India Bio-Based Ethylene Market value chain can benefit from the information contained in a comprehensive market report.