The value of the worldwide cellulosic ethanol market in 2021 was expected to reach US$ 980.5 Mn. By the end of 2032, the market is projected to have grown at a 46.4% CAGR from 2022 to 2032, reaching US$ 56.3 billion. Energy crop-based cellulosic ethanol is predicted to grow at a CAGR of almost 51.9% between 2022 and 2032, making it the market with the highest revenue potential.
Global Industry Insights 2022–2032: Size, Share, Growth, and Forecast Analysis of the Cellulosic Ethanol Market by Feedstock (Energy Crop, Agriculture Waste, Municipal Solid Waste, Forest Residue, and Other Feedstock), by End-Use (Transportation, Industrial), and by Region
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Key Companies Profiled:
- Dow
- Fiberight
- GranBio
- Abengoa
- Novozymes
- BP PLC
- BlueFire Renewables, Inc.
- Beta Renewables SpA
- Shandong Longlive Bio-Technology
- Poet-DSM Advanced Biofuels LLC
Competitive Analysis
Some of the recent developments are follows:
- In March 2022, a contract was announced between a corporation located in Hyderabad and a farmers’ organization in Latur, Maharashtra. It will be India’s first ethanol production refinery project that will start with a daily capacity of 30,000 liters.
- In January 2022, Clariant announced that with its first commercial Sunliquid facility it is possible to make cellulosic ethanol from agricultural waste.
- In October 2022, Stuttgart Airport tested innovative bioethanol fuel from Crop Energies. A 20% renewable ethanol fuel is being tested by Crop Energies, Stuttgart Airport, and Mabanaft Deutschland, a mineral oil firm.
Rising in Demand for Industrial Cellulosic Ethanol
Industrial cellulosic ethanol is a type of biofuel made from plant–based materials such as wood, grasses, and agricultural waste. It is a renewable energy source that can be used to power vehicles, generate electricity, and produce heat.
The demand for industrial cellulosic ethanol is rising due to its environmental benefits, cost–effectiveness, and potential to reduce dependence on fossil fuels. The use of industrial cellulosic ethanol can reduce greenhouse gas emissions by up to 90% compared to traditional gasoline.
This makes it an attractive option for countries looking to reduce their carbon footprint. Additionally, it is a cost–effective alternative to traditional fuels, as it can be produced from waste materials that would otherwise be discarded. This reduces the need for expensive feedstocks such as corn or sugarcane. Finally, the use of industrial cellulosic ethanol can help reduce dependence on fossil fuels. As the world transitions away from fossil fuels, biofuels such as industrial cellulosic ethanol can provide an alternative source of energy. This can help reduce the world’s reliance on finite resources and promote a more sustainable future.
Overall, the demand for industrial cellulosic ethanol is rising due to its environmental benefits, cost–effectiveness, and potential to reduce dependence on fossil fuels. As countries look for ways to reduce their carbon footprint and transition away from fossil fuels, industrial cellulosic ethanol is becoming an increasingly attractive option.
Key Segmentation :
- By Feedstock :
- Energy Crop
- Agriculture Waste
- Municipal Solid Waste
- Forest Residue
- Other Feedstock
- By End-Use :
- Cellulosic Ethnol Application in Transportation
- Industrial Application of Cellulosic Ethnol
- By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Questionnaire answered in the report include:
- How the industry has grown?
- What is the present and future outlook on the basis of region?
- What are the challenges and opportunities?
- Why the consumption in region?
- In which year segment is expected to overtake segment?
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