Global Cellulosic Ethanol Market Is Expected to Reach USD 6,813 million by 2028 : Fior Markets

Cellulosic Ethanol Market by Feedstocks (Agricultural Residue, Forest Residue, Energy Crops, Municipal Solid Waste (MSW), Others), Application (Transportation, Power Generation, Heating, Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2021 to 2028

Pune, INDIA


Newark, NJ, May 07, 2021 (GLOBE NEWSWIRE) -- As per the report published by Fior Markets, the global cellulosic ethanol market is expected to grow from USD 625 million in 2020 and to reach USD 6,813 million by 2028, growing at a CAGR of 34.8% during the forecast period 2021-2028.

In the cellulosic ethanol market, the driving factor for the growth of the industry is mainly the growing demand for biofuels due to their environmental benefits and commercialization of cellulosic biofuels. Growing concerns about food security and concerns about energy and environmental security are expected to create significant growth opportunities for sellers in the cellulosic ethanol market.

Cellulosic ethanol is a biofuel produced from agricultural waste, including corn residues, wheat straw and other parts of plants, wood and inedible weeds. Panicum virgatum and tree chips are by-products used in the production of ethanol. Other sources of ethanol production are corn, sugar cane, switchgrass and mantos. Cellulosic ethanol is a potential alternative to grain-based gasoline and ethanol in the car. The high rate of production from these sources drives the demand for the product.

The transportation industry heavily depends on fossil fuels, hence becomes one of the driving factors of the market. The growth of the cellulosic ethanol market also supports the development of rural economies and generates employment. Also, in some parts of the country, the government has provided support for an advanced biofuels plant to produce fuel for aviation and military applications.

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The key players covered in the cellulosic ethanol market report are Abengoa Bioenergy, DuPont Industrial Biosciences, Beta Renewables, Mascoma, Novozymes, POET-DSM, British Petroleum, Inbicon GranBio, and INEOS Bio.

  • GranBio built a cellulosic ethanol display facility in Brazil with a production capacity of 21.6 million gallons per year (MGY).
  • This can be predicted that the Covid-19 will be under control in key countries like the United States, Western Europe, East Asia by the end of Q2 (June) and will resume normal production in Q3 and Q4.

The Energy Corps segment is expected to show the highest share over the forecast period
The feedstocks segment consists of agricultural residues, forest residues, energy crops and municipal solid waste. The energy crop segment is expected to show the highest share during the forecast period. Energy crops are non-food crops used to produce cellulosic ethanol and other biofuels. The increasing need for biomass to produce renewable fuels and raising awareness to reduce greenhouse gases and carbon emissions is expected to increase the demand for energy crops as feedstock for biofuels.

The transportation segment is expected to show the highest share over the forecast period
The applications segment consists of transportation, power generation, heating, among others. The transport segment is expected to record the highest share during the forecast period. A mixture of ethanol and low-ratio gasoline can be used efficiently in conventional spark-ignition engines without making any technical changes to the engine. Hybrid fuel vehicles can operate on a highly concentrated mixture. Hybrid fuel vehicles can operate on a highly concentrated mixture. Ethanol’s ability to oxidize into acetic acid when in contact with the material used in the engine may corrode the engine surface. High latent heat of vaporization and de-mixing issue with hydrocarbon causes cold engine and are restraints to market growth. However, ethanol biofuels are blended with petroleum diesel to overcome this drawback which is likely to boost product demand.

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Regional Segment Analysis of The Cellulosic Ethanol Market

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Sweden, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and Rest of South America)
  • Middle East and Africa (UAE, South Africa, Rest of MEA)

Geographically, the global cellulosic ethanol market has been divided into North America, Europe, Asia Pacific, Africa, South America, and the Middle East, which also includes regional and country-level analysis of the market. The North America region is expected to own the highest share in the cellulosic ethanol market over the forecast period. The companies that develop cellulosic ethanol are working closely in integrations with biotechnological companies to reduce the cost of producing ethanol. Moreover, the large investment and the increasing number of factories in the region have accelerated the development of cellulosic ethanol to make it commercially viable on a large scale.

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About the report:
The global cellulosic ethanol market is analyzed on the basis of value (USD million). All the segments have been analyzed on a global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining key insight into the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.

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Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients’ objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. Fior Markets deploys a wide range of regional and global market intelligence research reports including industries like technology, pharmaceutical, consumer goods, food and beverages, chemicals, media, materials and many others. Our Strategic Intelligence capabilities are purposely planned to boost your business extension and elucidate the vigor of diverse industry. We hold distinguished units of highly expert analysts and consultants according to their respective domains. The global market research reports we provide involve both qualitative and quantitative analysis of current market scenario as per the geographical regions segregated and comprehensive performance in different regions with global approach. In addition, our syndicated research reports offer a packaged guide to keep companies abreast of the upcoming major restyle in their domains. Fior Markets facilitates clients with research analysis that are customized to their exact requirements, specifications and challenges, whether it is comprehensive desk research, survey work, composition of multiple methods, in-detailed interviewing or competitive intelligence. Our research experts are experienced in matching the exact personnel and methodology to your business need.

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