Ethanol is widely used in the automotive industry as a fuel or fuel additive. Thus, with the rapid growth of the automotive industry and extensive usage of ethanol in automotive industry, the demand for ethanol is also increasing rapidly, especially in Asia Pacific (APAC). For example, according to India Brand Equity Foundation (IBEF), India was the fifth-largest auto market in 2020 and was the seventh-largest manufacturer of commercial vehicles in 2019. Ethanol is one of the most commonly used alcohol that finds applications across a large number of industries.
Moreover, Ethanol is known for its properties of sterilization and hence finds prominent use in industries involving chemicals and products manufacturing. The majority of ethanol is made from corn and starch-based crops. Due to its great solubility in water and most organic solvents, ethanol is widely utilised as a solvent in a variety of industries. It is also widely employed as a preservative in the pharmaceutical industry and is a key ingredient in the production of alcoholic beverages.
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