India Bio-Based Ethylene Market Trends and Analysis by 2031
The India bio-based ethylene market size is projected to reach US$ 31.96 million by 2031 from US$ 15.22 million in 2023. The market is expected to register a CAGR of 9.7% during 2023–2031. Technological innovations in ethylene production—driven by the emergence of second-generation bioethanol and the development of more efficient catalysis of biomass to sugars—are likely to bring key growth trends in the India bio-based ethylene market during the forecast period.
India Bio-Based Ethylene Market Analysis
The growing demand for bio-based ethylene in India’s packaging industry is fueled by the rising inclination toward sustainability and environmentally friendly operations across the world. Further, government support and initiatives fuel 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. The abundance of agricultural resources also makes the production of bio-ethylene economically attractive in India. Its significantly growing packaging industry generates a significant demand for eco-friendly packaging alternatives owing to regulatory pressure to reduce environmental footprint, which results in an upsurge in the use of plastics made from bio-based ethylene.
India Bio-Based Ethylene Market Overview
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 environmental footprint. Multinational corporations operating in India pledge to operate in line with the global sustainability goals, which drives a shift toward bio-based materials in various operations, including packaging.
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India Bio-Based Ethylene Market: Strategic Insights
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
India Bio-Based Ethylene Market: Strategic Insights
Shejal
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India Bio-Based Ethylene Market Drivers and Opportunities
Sustainability and Environmental Concerns Favor Market Growth
The burgeoning awareness of the detrimental effects of petroleum-based ethylene on the environment, coupled with regulatory pressures and advancements in bio-based technologies, is driving a significant shift toward bio-based ethylene in India. This shift not only addresses environmental concerns but also aligns with the broader goals of reducing carbon emissions and promoting a circular economy. Moreover, the market for bio-based alternatives is expected to grow in the coming years with the continuously rising consumer demand for eco-friendly products, further diminishing the reliance on fossil-based chemicals and contributing to a more sustainable future. Thus, sustainability and environmental concerns drive the India bio-based ethylene market.
Strategic Partnerships and Collaborations to Create Growth Opportunities in the Market
Collaboration with established global firms can help Indian companies gain access to advanced technologies and best practices that can accelerate the development and production of bio-based ethylene. In January 2024, IGL announced a technical collaboration with US-based Scientific Design Inc. to produce high-quality bio-glycols using sustainable agricultural feedstock at its advanced facilities. These partnerships serve as opportunities for Indian companies to harness international expertise and offer crucial channels for technology transfer. Thus, strategic initiatives by major market players are expected to create new opportunities for the India bio-based ethylene market growth during the forecast period.
India Bio-Based Ethylene Market Report Segmentation Analysis
Key segments that contributed to the derivation of the India bio-based ethylene market analysis are raw material and end-use industry. Based on raw material, the India bio-based ethylene market is segmented into sugar, starch, and lignocellulosic biomass. The sugar segment held the largest market share in 2023. Based on end-use industry, the India bio-based ethylene market is segmented into packaging, additives, lubricants, and detergents. The packaging segment held the largest market share in 2023.
India Bio-Based Ethylene Market Share Analysis by Geography
The geographic scope of the India bio-based ethylene market report focuses on the historical market revenues and forecasts in the country. India, with a robust manufacturing base, is a significant contributor to the global chemicals and plastics industries. The country is home to over 30,000 plastic processing units, 85–90% of which are small and medium enterprises (SMEs). These units produce a wide array of plastic products, including packaging materials, films, and containers. However, with growing environmental concerns related to conventional plastic products, there has been a significant push toward the adoption of bio-based alternatives. This shift is further supported by the Indian government's initiatives to promote the use of biodegradable and compostable plastics, aligning with the global agenda of reducing plastic waste and carbon emissions. Bio-based ethylene, derived from renewable resources such as bioethanol, presents a sustainable alternative to conventional ethylene. The burgeoning awareness among consumers about the environmental impact of traditional plastics and the benefits of using bio-based alternatives is likely to fuel the India bio-based ethylene market.
India Bio-Based Ethylene Market Report Scope
India Bio-Based Ethylene Market News and Recent Developments
The India bio-based ethylene market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the India bio-based ethylene market are listed below:
- Braskem SA announced a collaboration partnership with Indorama Ventures IOD to supply bio-attributed ethylene from renewable sources. This development contributes to a decrease in the use of fossil raw materials and greenhouse gas emissions. (Source: Braskem SA, Press Release, November 2023)
- INEOS Group Holdings SA completed the sale of LyondellBasell NV’s Ethylene Oxide & Derivatives (EO&D) business and associated production facilities located in Bayport, Texas. With this acquisition, the company is expected to expand its product offerings and customer base in the market. (Source: INEOS Group Holdings SA, Press Release, January 2024)
India Bio-Based Ethylene Market Report Coverage and Deliverables
The “India Bio-Based Ethylene Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- India bio-based ethylene market size and forecast for all the key market segments covered under the scope
- India bio-based ethylene market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter’s Five Forces analysis and SWOT analysis
- India bio-based ethylene market analysis covering key market trends, national framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the India bio-based ethylene market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The India bio-based ethylene market is expected to register a CAGR of 9.7% during 2023–2031.
The technological innovations are likely to bring significant growth trends for the India bio-based ethylene market in the future.
The India bio-based ethylene market is estimated to reach US$ 31.96 million by 2031.
Based on raw material, the sugar segment dominated the India bio-based ethylene market in 2023.
Sustainability and environmental concerns, and government initiatives and support are a few of the factors positively impacting the India bio-based ethylene market.
Braskem SA, the Dow Chemical Co, Saudi Basic Industries Corp, Occidental Petroleum Corp, and INEOS Group Holdings SA are a few of the leading players operating in the India bio-based ethylene market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentatio
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. India Bio-Based Ethylene Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturing Process
4.3.3 Distributors/Suppliers
4.3.4 End-Use Industry
4.3.5 List of Vendors in the Value Chain
5. India Bio-Based Ethylene Market – Key Market Dynamics
5.1 India Bio-Based Ethylene Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Sustainability and Environmental Concerns
5.2.2 Government Initiatives and Support
5.3 Market Restraints
5.3.1 Limited Production Capacity
5.4 Market Opportunities
5.4.1 Strategic Partnerships and Collaborations
5.5 Future Trends
5.5.1 Technological Innovations
5.6 Impact of Drivers and Restraints:
6. India Bio-Based Ethylene Market Analysis
6.1 India Bio-Based Ethylene Market Volume (Kilo Tons), 2021–2031
6.2 India Bio-Based Ethylene Market Volume Forecast and Analysis (Kilo Tons)
6.3 India Bio-Based Ethylene Market Revenue (US$ Million), 2021–2031
6.4 India Bio-Based Ethylene Market Revenue Forecast and Analysis (US$ Million)
7. India Bio-Based Ethylene Market Revenue Analysis – by Raw Material
7.1 Sugar
7.1.1 Overview
7.1.2 Sugar: India Bio-Based Ethylene Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Starch
7.2.1 Overview
7.2.2 Starch: India Bio-Based Ethylene Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Lignocellulosic Biomass
7.3.1 Overview
7.3.2 Lignocellulosic Biomass: India Bio-Based Ethylene Market – Revenue and Forecast to 2031 (US$ Million)
8. India Bio-Based Ethylene Market Volume and Revenue Analysis – by End-Use Industry
8.1 Packaging
8.1.1 Overview
8.1.2 Packaging: India Bio-Based Ethylene Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Additives
8.2.1 Overview
8.2.2 Additives: India Bio-Based Ethylene Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Lubricant
8.3.1 Overview
8.3.2 Lubricant: India Bio-Based Ethylene Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Detergents
8.4.1 Overview
8.4.2 Detergents: India Bio-Based Ethylene Market – Revenue and Forecast to 2031 (US$ Million)
9. Competitive Landscape
9.1 Heat Map Analysis by Key Market Players
9.2 Company Positioning & Concentration
10. Industry Landscape
10.1 Overview
10.2 Collaboration
10.3 Mergers & Acquisitions
10.4 New Product Launch
10.5 Expansion
11. Company Profiles
11.1 Braskem SA
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 The Dow Chemical Co
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Saudi Basic Industries Corp
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Occidental Petroleum Corp
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 INEOS Group Holdings SA
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
12.1 About The Insight Partners
List of Tables
Table 1. India Bio-Based Ethylene Market Segmentation. 9
Table 2. List of Vendors
Table 3. India Bio-Based Ethylene Market – Volume and Forecast to 2031 (Kilo Tons)
Table 4. India Bio-Based Ethylene Market – Revenue and Forecast to 2031 (US$ Million)
Table 5. India Bio-Based Ethylene Market – Revenue and Forecast to 2031 (US$ Million) – by Raw Material
Table 6. India Bio-Based Ethylene Market – Volume and Forecast to 2031 (Kilo Tons) – by End-Use Industry
Table 7. India Bio-Based Ethylene Market – Revenue and Forecast to 2031 (US$ Million) – by End-Use Industry
List of Figures
Figure 1. India Bio-Based Ethylene Market Segmentation, by Geography. 9
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: India Bio-Based Ethylene Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. India Bio-Based Ethylene Market Volume (Kilo Tons), 2021–2031
Figure 6. India Bio-Based Ethylene Market Revenue (US$ Million), 2023–2031
Figure 7. India Bio-Based Ethylene Market Share (%) – Raw Material, 2023 and 2031
Figure 8. Sugar: India Bio-Based Ethylene Market – Revenue and Forecast to2031 (US$ Million)
Figure 9. Starch: India Bio-Based Ethylene Market – Revenue and Forecast to2031 (US$ Million)
Figure 10. Lignocellulosic Biomass: India Bio-Based Ethylene Market – Revenue and Forecast to2031 (US$ Million)
Figure 11. India Bio-Based Ethylene Market Share (%) – End-Use Industry, 2023 and 2031
Figure 12. Packaging: India Bio-Based Ethylene Market – Revenue and Forecast to2031 (US$ Million)
Figure 13. Additives: India Bio-Based Ethylene Market – Revenue and Forecast to2031 (US$ Million)
Figure 14. Lubricant: India Bio-Based Ethylene Market – Revenue and Forecast to2031 (US$ Million)
Figure 15. Detergents: India Bio-Based Ethylene Market – Revenue and Forecast to2031 (US$ Million)
Figure 16. Heat Map Analysis by Key Market Players
Figure 17. Company Positioning & Concentration
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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