Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 650 Million | USD 11953.2 Million | 38.2% | 2021 |
FrequentlyAsked Questions
The growing demand for eco-friendly fuel, supporting government policies & regulations, and the 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.
According to the report, 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.
The global cellulosic ethanol market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the increasing production of bio-based ethanol in the region.
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.
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