Cellulosic Ethanol Market Trends, Industry Analysis & Forecast Report by 2024
Date: 2019-01-17   Author: Rahul Sankrityayan  Category: #market

Cellulosic Ethanol Market Trends, Industry Analysis & Forecast Report by 2024

Cellulosic Ethanol Market size is anticipated to significantly grow during the forecast timeframe. Availability of feedstock and rising clean fuel demand, along with government initiatives support biofuels may act as major driving factors towards industry growth.

Cellulosic ethanol is a bio-fuel, produced from agricultural residues including corn stover, wheat straw and other non-edible parts of plants, wood and grasses. Panicum virgatum and wood chips of tree are the byproducts which are used for ethanol production. Other sources of ethanol production are corn, sugar cane, switchgrass and miscanthus. High production rate from these sources are driving the product demand.

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Low-percentage ethanol-gasoline blend can be efficiently used in conventional spark-ignition engines without making any technical changes to engine. Hybrid-fuel vehicles can run on even higher concentration mixture. Ethanol’s ability to oxidize into acetic acid when on contact with material used in engine may corrode engine surface. High latent heat of vaporization and demixing issue with hydrocarbon causes cold engine and are restraints to market growth. However, ethanol biofuels are blended with petroleum diesels to overcome this drawback which is likely to boost product demand.

Global bio-fuel market sized up to 1,600 million barrels in 2015 and expected to grow at 10% CAGR during 2016-2024. Government assistance including subsidies to producers and funding for pre-commercial plants along with mandating biofuel usage may favor industry growth. Brazil and the U.S. are supporting manufacturing companies to boost its cellulosic ethanol market owing to their energy security, sustainability and clean future. Germany, Italy and China are other countries gradually formulating policies pertaining to biofuels which may fuel product demand.

Cellulosic ethanol is produces agricultural biomass including corn cobs, perennial grasses, and wheat straws and forest biomass such as wood chips. Fluctuating raw material prices can play a deterrent in cellulosic ethanol market growth.  Delivery prices and cost associated with harvesting and delivering raw materials decides producer’s profitability. Fluctuations are high due to seasonality of such plants and hence affects the product price.

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Europe led by France, Italy and Germany cellulosic ethanol market is anticipated to witness strong gains owing to supporting regulatory norms and policies. Increasing R&D spending to develop biochemical route to produce ethanol should stimulate industry growth.

Global cellulosic ethanol market is slightly fragmented. Some key players in this market are British Petroleum, DuPont Industrial Biosciences, Beta Renewables, Novozymes, POET-DSM, INEOS Bio and Inbicon GranBio.



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Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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