Rockville, Dec. 05, 2023 (GLOBE NEWSWIRE) -- As per Fact.MR, a provider of market research and competitive intelligence, the global Cellulosic Ethanol Market size is projected to reach a US value of 56.3 Billion by the end of 2032 and is likely to grow with a CAGR of 46.4%.
Cellulosic ethanol is a biofuel made from plant components like agricultural residues and forestry waste instead of food crops. Unlike traditional ethanol, it offers several advantages. It doesn't compete with food sources, addressing concerns about rising food prices. Also, it has a lower carbon footprint, contributing to a reduction in greenhouse gas emissions. Its use of non-food feedstocks makes it a more sustainable option, utilizing waste materials and energy crops without impacting food production. Cellulosic ethanol also allows for diversification in feedstock sources, reducing dependence on a single crop. Moreover, its production processes often involve advanced technologies, enhancing energy efficiency.
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| Report Attribute | Details |
| Value Projection (2032) | USD 56.3 Billion |
| Growth Rate (2022-2032) | 46.4 % CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 48 Tables |
| No. of Figures | 144 Figures |
The growth of this sector is primarily driven by increasing environmental concerns and the demand for sustainable biofuel alternatives. Governments and industries worldwide are focusing on reducing carbon emissions, fostering policies that incentivize the production of advanced biofuels like cellulosic ethanol.
Developing and optimizing efficient processes for the conversion of cellulose to ethanol brings about technical difficulties in this sector. Expanding production from a pilot scale to a commercial scale poses significant challenges in the market. This difficulty arises from the various complexities inherent in the production processes
Key Takeaways:
- The US market is expected to witness a highest market value of US $ 18.5 Bn by the end of 2032. It is predicted to witness an absolute dollar opportunity of US $ 18.1 Bn.
- By 2032, the market for cellulosic ethanol is expected to reach a value of US $ 5.4 Bn by 2033.
- Energy crop as a feedstock for cellulosic ethanol production is projected to witness the fastest growth during the forecast period.
- The transportation end-use of cellulosic ethanol worldwide accounts for the highest end-use market for cellulosic ethanol. Cellulosic ethanol consumption is rising globally due to increased conventional fuel prices and its low environmental impact emissions.
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| By Feedstock | By End-Us | By Region |
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The increasing demand for environmentally sustainable biofuels, advancements in enzymatic technologies improving conversion efficiency, and supportive government incentives and policies fostering its development as a renewable energy source are the key factors that drive the market growth - Says FACTMR Expert
Market Competition
In this competitive environment, companies are dedicated to enhancing cellulosic ethanol production with minimal waste. Key players in this sector include Dow, Fiberight, GranBio, Abengoa, Novozymes, BP PLC, BlueFire Renewables, Inc., and Beta Renewables SpA.
- In March 2022, a contract was revealed between a company based in Hyderabad and a farmers' organization in Latur, Maharashtra, marking the commencement of India's first ethanol production refinery project. The facility will initially have a daily capacity of 30,000 liters.
- Moreover, In January 2022, Clariant announced the inauguration of its first commercial sun liquid factory where they can manufacture cellulosic ethanol from agricultural waste.
Winning strategies
- Major players are focusing on fine-tuning and optimizing enzymatic processes for cellulose conversion, aiming to improve efficiency and reduce production costs, which is crucial for the competitiveness of cellulosic ethanol.
- In this business, companies are investing in research to find new and advanced materials like energy crops and agricultural residues. This helps diversify sources, ensuring a sustainable and cost-effective supply for ethanol production.
- Big players are focusing on successful demonstration projects and expanding production efficiently. This strategy aims to prove the feasibility and scalability of cellulosic ethanol technologies, gaining trust from investors and partners and making it a winning approach in the market.
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