Cellulosic Ethanol Market Size Worth $23,738.98 Million By 2032 | CAGR: 39.0%

Cellulosic Ethanol Market Size Worth $23,738.98 Million By 2032 | CAGR: 39.0%

The global cellulosic ethanol market size is expected to reach USD 23,738.98 million by 2032, according to a new study by Polaris Market Research. The report “Cellulosic Ethanol Market Share, Size, Trends, Industry Analysis Report, By Feedstock (Agricultural Residue, Forest Reside, Energy Crops, and Municipal Solid Waste); By Application; By End-Use; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The extensive rise in the need and demand for renewable and sustainable energy sources and the growing implementation of various government policies and incentives introduced by governments from different countries that encourage the use of biofuels are among the key factors influencing the growth and demand of products across the globe. In addition, rising research & development activities and investments by large organizations to innovate more sustainable and eco-friendly solutions and increasing implementation of the expansion activities of production facilities will further augment the market growth.

For instance, in June 2022, Clariant started commercial cellulosic ethanol production at its production plant in Romania.

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In recent years, several large manufacturing countries and regions across the globe, including the EU, Brazil, and China, have been highly focused on achieving a 10% ethanol blending rate in vehicle fuels. The Environmental Protection Agency of the United States regularly or often updates production mandates for the use of biofuels, which mandate that a certain amount of renewable fuel, like cellulosic ethanol, needs to be blended into transportation fuel every year in the country.

Governments of countries are significantly adopting various sustainable biofuel production practices such as using non-food crops, promoting waste materials, and improving efficiency in the manufacturing process. Thus, the growing widespread availability of feedstock for biofuel production and the integration of automated processes are expected to impact product demand positively.

Cellulosic Ethanol Market Report Highlights

  • Energy crops segment is anticipated to grow at a significant CAGR over the projected period, on account of increase demand for these types of crops for the manufacturing of renewable fuels
  • Gasoline segment held the maximum market revenue share in 2022, which is highly attributed to increasing number of automobiles across the globe and increasing focus on developing value-added additives
  • Transportation segment accounted for largest market share in 2022, mainly due to increasing adoption of cellulosic ethanol as a transportation fuel globally and rising product demand due to increasing prices of conventional fuels
  • North America region dominated the global market in 2022, owing to increased prevalence for the product across automotive and several industrial applications and rising government supportive initiatives in the region
  • The global key market players include BlueFire Renewables, Shandong Longlive Bio-Technology, Alliance Bio-Products, Dow DuPont, and Beta Renewables

Polaris Market Research has segmented the cellulosic ethanol market report based on feedstock, application, end-use, and region:

Cellulosic Ethanol, Feedstock Outlook (Revenue - USD Million, 2019 - 2032)

  • Agricultural Residue
  • Forest Residue
  • Energy Crops
  • Municipal Solid Waste

Cellulosic Ethanol, Application Outlook (Revenue - USD Million, 2019 - 2032)

  • Gasoline
  • Detergent

Cellulosic Ethanol, End-Use Outlook (Revenue - USD Million, 2019 - 2032)

  • Transportation
  • Industrial
  • Others

Cellulosic Ethanol, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa