Increasing preference of environment-friendly biofuels, favorable government initiatives, lower GHG emissions generated from the use of Cellulosic ethanol, and rising demand from automotive industries end-use are key factors contributing to a high CAGR of Cellulosic ethanol market during the forecast period.
Market Size – USD 253.2 Million in 2018, Growth - CAGR of 3.7%, Trends – research development and mergers and acquisitions for production of Cellulosic ethanol
According to the current analysis of Reports and Data, the global Cellulosic Ethanol Market was valued at USD 253.2 Million in 2018 and is expected to reach USD 3.1 Billion by the year 2026, at a CAGR of 3.7 percent. Cellulosic ethanol, also known as bio-gasoline or renewable gasoline, is a biomass-derived fuel through a variety of biological, thermal, and chemical processes, which is suitable for use in industrial and automotive applications such as in spark-ignition engines. The fuel meets the ASTM D4814 specification in the U.S. and EN 228 in Europe. Cellulosic ethanol fuel is used in vehicles that are aimed to run on this fuel without requiring engine modifications and can use the existing petroleum fuel pipeline structures and retail distribution systems.
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Top Companies: Virent Energy Systems Inc., Global Bioenergies, Neste Oyj, Cool Planet Energy Systems, Sundrop Fuels, Primus Green Energy, Terrabon, and CORE Biofuel
Further Key Finding from the Report Suggestion:
- As of 2018, switchgrass is the leading feedstock segment of the global Cellulosic ethanol The segment is further projected to register the fastest growth with the highest CAGR during the forecast period
- The sugar beets and sugar cane feedstock segment was valued at the second leading position in 2018 and is expected to maintain the position during the forecast period
- The gasification production process accounted for the largest market share of 78.5% in 2018. It is projected to maintain its lead with a significant CAGR during the forecast period
- The transportation end-use segment in the Cellulosic ethanol market is the fastest-growing segment, registering a CAGR the highest CAGR followed by the industrial end-use
- The North America and Latin America regions accounted for the most significant market share in 2018. These regions are proposed to remain the dominant regional segment during 2019-2026. The country’s U.S. and Brazil in the region are the fastest-growing economies, which are projected to drive the global Cellulosic ethanol market.
- Both Asia-Pacific and Middle East Africa regions are forecasted to show the fastest growth over the coming years
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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The global Cellulosic ethanol market is segmented into:
Feedstock (Revenue, USD Million; Volume in Gallons, 2016–2026)
- Switchgrass
- Sugar Beets Sugar Cane
- Wood Chips
- Corn
- Others
Production Process (Revenue, USD Million; Volume in Gallons, 2016–2026)
- Gasification
- Pyrolysis
- Aqueous Phase Processing
- Others
End-Use (Revenue, USD Million; Volume in Gallons, 2016–2026)
- Transportation
- Industrial
- Others
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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