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.
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.
Reasons to buy:
- Progressive industry trends in the India bio-based ethylene market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the bio-based ethylene market from 2021 to 2031
- Estimation of the demand for bio-based ethylene across various industries
- Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
- Recent developments to understand the competitive market scenario and the demand for bio-based ethylene across the India
- Market trends and outlook coupled with factors driving and restraining the growth of the bio-based ethylene market
- Decision-making process by understanding strategies that underpin commercial interest concerning the India bio-based ethylene market growth
- The India bio-based ethylene market size at various nodes of market
- Detailed overview and segmentation of the bio-based ethylene market as well as its dynamics in the industry
- The bio-based ethylene market size in different regions with promising growth opportunities
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. India Bio-Based Ethylene Market Landscape
5. India Bio-Based Ethylene Market - Key Market Dynamics
6. India Bio-Based Ethylene Market Analysis
7. India Bio-Based Ethylene Market Revenue Analysis - by Raw Material
8. India Bio-Based Ethylene Market Volume and Revenue Analysis - by End-Use Industry
9. Competitive Landscape
10. Industry Landscape
11. Company Profiles
12. Appendix
List of Tables
List of Figures
Companies Mentioned
The List of Companies - India Bio-Based Ethylene Market include:- Braskem SA
- The Dow Chemical Co
- Saudi Basic Industries Corp
- Occidental Petroleum Corp
- INEOS Group Holdings SA
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 63 |
| Published | October 2024 |
| Forecast Period | 2023 - 2031 |
| Estimated Market Value ( USD | $ 15.22 Million |
| Forecasted Market Value ( USD | $ 31.96 Million |
| Compound Annual Growth Rate | 9.7% |
| Regions Covered | India |
| No. of Companies Mentioned | 6 |
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