September 24, 2009 – New Delhi, India – According to our new research report, “Emerging Biofuel Market in India”, growing energy security concerns and booming automobile industry will drive the biofuel demand in India. The country’s ethanol consumption is expected to cross 700 Million gallon mark by 2018.
India’s primary energy consumption is among the top five in the world and oil makes up for a large share of the country’s energy mix but due to limited oil reserves, it depends on import. India’s crude oil import reached more than 128 Million Metric Tons in 2008-09, an increase of around 42% over the 2003-04 import level. Given the fluctuating oil prices and continuously increasing oil import, the Indian biofuel sector is expected to see a strong growth in coming years.
With a booming economy, relatively cheap bank credit, an expanding middle class and a steady stream of new vehicle models entering the market, the demand for vehicles in India has been consistently growing and will remain buoyant in future. It is expected that the number of petrol-run passenger cars will increase to around 1.5 Million units by the end of 2012-13, representing vast opportunities for flex-fuel cars. This increasing share of flex-fuel vehicles will create new avenues of expansion for the biofuel industry.
“Emerging Biofuel Market in India” provides comprehensive information along with rational analysis of the Indian biofuel industry. It contains past, present and future data of biofuel production, consumption and its various segments. It covers ethanol and biodiesel, major segments of biofuel industry, in detail with their current status, feedstock analysis, cost analysis and future outlook. The report thoroughly evaluates advantages/disadvantages India has to become an attractive destination for carrying out biofuel business.
The report investigates into the potential of Indian biofuel industry by focusing on the growth prospects of biofuel consuming industry in terms of fresh investments. The research provides forecast for various industry segments to enable clients identify un-tapped critical opportunities available in the industry.
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RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today’s globally competitive environment.