Global Cellulosic Ethanol Market To Grow At A CAGR Of 38.2% By 2030

The global cellulosic ethanol market size was worth around USD 650 million in 2021 and is predicted to grow to around USD 11953.2 million by 2030 with a compound annual growth rate (CAGR) of roughly 38.2% between 2022 and 2030.

Cellulosic ethanol is the alcohol that is been produced from the feedstock available in a wide range of agricultural residues and plant materials. This biofuel is produced from algae, grasses, woods, and several other plants. It is chemically identical to the first-generation bioethanol but differs only with the use of raw materials by the process of cellulose hydrolysis.

The global cellulosic ethanol market is growing at a lucrative rate. Growing demand for eco-friendly fuel, supporting government policies & regulations, rise in the use of cellulosic ethanol as an alternative to corn-based ethanol are the major factors that are driving the growth of the global cellulosic ethanol market. In the first generation ethanol, starch & sugar are derived from crops like wheat, beet, corn, & sugar cane and are used to produce alcohol.

On the other hand, agricultural plant waste like corn stover & straw, lignocellulosic raw materials like wood chips, energy crops like switchgrass & miscanthus, and several other by-products of tree maintenance & lawn are been used in the production of cellulosic ethanol. Thus, cellulosic ethanol is cheaper as compared to other bioethanol. Additionally, the production of cellulosic ethanol contributes to economic development as the use of locally available feedstock lowers the dependence on fossil fuels, and thus decrease in the import of fossil fuels will aid to minimize the fiscal deficit & trade deficit.

Thus, all these advantageous factors of cellulose ethanol are contributing to the growth of the global market. Moreover, easily available feedstock and ability of the cellulosic ethanol to lower oil dependency and greenhouse emissions are also some of the key aspects that are boosting the growth of the market. Furthermore, the increase in technological advancements and heavy investments in R&D activities are the factors that are likely to drive the growth of the global cellulosic ethanol market over the forecast period. However, complexities in production and high initial cost may hamper the growth of the global cellulosic ethanol market.

The global cellulosic ethanol market is temperately hampered by the outbreak of Covid-19. The strict lockdown and restriction on transport & trade led to disruption in the supply chain. Thus, the manufacturers of cellulose ethanol had to face challenges as the unavailability of raw materials occurred. The major key players had to temporarily close their production units during the first half of the year 2020. Moreover, the demand for biofuel decreased during the pandemic period. However, with ease in restrictions, the industries will work at a rapid pace and steady growth in the market will be observed in the forthcoming years.

The global cellulosic ethanol market is segmented based on feedstocks, applications, and region.

The global market is segmented based on the application of gasoline and detergent. The detergent segment is expected to grow at the highest CAGR during the forecast period. In the current environment, there is a greater awareness of personal hygiene & clean surroundings, which has boosted demand for laundry & household cleaning goods, boosting the detergent market growth. Sustainable cleaning supplies and zero-waste laundry detergents are becoming more and more in demand in developing nations.

Enzyme-based products created without the use of synthetic colors or scents are considered eco-friendly laundry detergents. Manufacturers work to create biodegradable, phosphate-free detergents that are also devoid of hazardous compounds derived from petroleum. Thus, the growing use of bio-based products in the production of detergents is expected to drive market growth.

Among the regions, North America is expected to hold the largest share in the global cellulosic ethanol market, as the United States and Canada are the strongest market for cellulosic ethanol and are estimated to hold the maximum share of the overall market. However, Asia Pacific is expected to witness rapid growth in the market over the forecast period. India, China, South Korea, and Japan are the major countries in the region adopting alternative fuel options. Severe pollution concerns in some countries such as India and China due to burning non-renewable fuels like gasoline, coal, and diesel are contributing to the high pollution level in the region. Hence, the demand for alternative biofuel is growing in this region at a significant rate.

The global cellulosic ethanol market is dominated by players like Abengoa Bioenergy, DuPont Industrial Biosciences, Beta Renewables, Mascoma, Novozymes, POET-DSM, British Petroleum, InbiconGranBio, Clariant, THE VINCENT CORPORATION, Axens, and INEOS Bio, among others.

Recent Development:

• In June 2021, POET, a US-based biofuel company, acquired the bioethanol assets from Flint Hills Resources for an undisclosed amount. This acquisition would bring even more plant-based, high-quality biofuels and bioproducts to the customers and expand the company’s production capacity by 40%.

This review is based on a report by Zion Market Research, titled “Cellulosic Ethanol Market By Feedstocks (Agriculture Residue, Forest Residue, Energy Crops, Municipal Solid Waste (MSW) and Others), By Application (Gasoline and Detergent), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/cellulosic-ethanol-market

The global cellulosic ethanol market is segmented as follows:

By Feedstocks

• Agriculture Residue
• Forest Residue
• Energy Crops
• Municipal Solid Waste (MSW)
• Others

By Application

• Gasoline
• Detergent

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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