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Home > Research Reports > Cellulosic Ethanol Market is Projected to Grow $61.68 Billion, With a CAGR of 46.4% by 2034, Fact.MR Analysis

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Cellulosic Ethanol Market is Projected to Grow $61.68 Billion, With a CAGR of 46.4% by 2034, Fact.MR Analysis

Published by Jessica Weisman-Pitts

Posted on February 25, 2025

6 min read

Last updated: February 25, 2025

Cellulosic Ethanol Market is Projected to Grow $61.68 Billion, With a CAGR of 46.4% by 2034, Fact.MR Analysis - Research Reports news and analysis from Global Banking & Finance Review

Ever-Increasing Need for Fuel across Several Industries Set Create Lucrative Opportunities for Cellulosic Ethanol Producers.

ROCKVILLE, Md., A recently released research report by Fact.MR, a market research and competitive intelligence provider, the global cellulosic ethanol market size from US$ 1.36 billion in 2024 to US$ 61.68 billion by 2034.

Increasing sustainability trend coupled with increasing demand for renewable fuel sources is anticipated to boost the cellulosic ethanol market growth during the coming 10 years. The two main transport biofuels are ethanol and biodiesel. Various regulations across the globe regarding greenhouse gas emission and clean air are further boosting the demand for cellulosic ethanol. Produced from various feedstock, cellulosic ethanol is a second generation biofuel, which is gaining traction across the globe.

The United States sees high commercial use of ethanol as aviation fuel. The United States is the world’s largest producer and consumer of ethanol, whereas Brazil holds the second position. Brazil exports ethanol to the United States and Europe.

Physics Today 2022 article published on pubs.aip.org website, revealed that around half of the sugarcane crop produced in Brazil is used for ethanol production as a feedstock.

Municipal solid waste is the most cost-effective feedstock used for cellulosic ethanol. The growing concerns related to municipal solid waste are expected to be reduced by its increasing use in ethanol production. Governments across the globe are finding it as a problematic waste.

For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=7875

Key Takeaways from Cellulosic Ethanol Market Study:

Global demand for cellulosic ethanol is forecasted to rise at a CAGR of 46.4% from 2024 to 2034.
The market in the United States is calculated at US$ 179.9 million for 2024.
Sales of cellulosic ethanol in Japan are projected to reach US$ 4.37 billion by 2034
Demand for municipal solid waste as feedstock for cellulosic ethanol production is expected to increase at a CAGR of 46% through 2034.

“Rising demand for eco-friendly fuel sources is driving the consumption of cellulosic ethanol in several regions,” says a Fact.MR report.

Competitive Landscape

The cellulosic ethanol market is characterized by the presence of both prominent companies and new producers. Industry leaders are focused on differentiation, partnerships, and acquisitions to increase their market reach. Start-ups including LanzaJet, Vertex Bioenergy, Ethtec, C3 Biotech, and Global Yeast are investing heavily on R&D to produce innovative biofuels.

Key Market Players:

Novozymes
Alliance Bio-Products
Dow
Beta Renewables SpA
Aemetis, Inc.
Enerkem
Shandong Longlive Bio-Technology
Poet-DSM Advanced Biofuels LLC
BlueFire Renewables Inc.
GranBio
DuPont
Biochemtex SpA
Fiberight
BP PLC
Abengoa

Cellulosic Ethanol Industry News:

Clariant announced the start of commercial cellulosic ethanol production in January 2022 at its plant in Romania.

Country-wise Analysis:

Supportive Government Policies Fuelling Sales of Bioethanol FuelThe United States government has initiatives that encourage the consumption of cellulosic ethanol. Landowners and operators who plant, develop, and supply biomass feedstock crops to support the production of advanced biofuels may be eligible for financial assistance under the Biomass Crop Assistance Program (BCAP; Section 9010). In addition to a 50% reimbursement of the costs associated with establishing a biomass feedstock crop, qualifying feedstock producers can receive annual payments for up to five years for herbaceous feedstock and up to 15 years for hardwood feedstock.

Get Customization on this Report for Specific Research Solutions:

https://www.factmr.com/connectus/sample?flag=S&rep_id=7875

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global cellulosic ethanol market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights on the market based on feedstock (energy crops, agriculture waste, municipal solid waste, forest residue, others) and end use (cellulosic ethanol application in transportation, industrial application of cellulosic ethanol), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).

Check out More Related Studies Published by Fact.MR Research:

Biofuel market revenue will grow 1.6X from 2022 to 2032, reaching nearly US$ 235.20 Billion by 2032.

Biodiesel market is set to hit $226.6B by 2034, growing from $116.3B in 2024 at a 6.9% CAGR, driven by rising global demand.

Triethanolamine market is valued at $1.2B in 2023, is set to reach $2B by 2033 at a 5.2% CAGR. 99% purity grade sales will hit $1.1B, growing at a 5.5% CAGR.

Biomass-balanced ammonia market is valuation reached US$ 2.7 billion in 2024 and is projected to grow at a CAGR of 7.8% between 2024 and 2034

Biomass-balanced polymers market was valued at US$ 4,249 million in 2024 and has been forecast to grow at a double digit CAGR of 10.5% to reach US$ 11,533 million by 2034.

Marine biofuel market size is calculated at a value of US$ 3.94 billion for 2024 and is projected to end up at US$ 7.99 billion by 2034.

Sustainable apparel market is anticipated to be valued at US$ 11.2 million in 2023 and it is anticipated to grow at a CAGR of 9.3% to reach US$ 27.2 million by the end of 2033.

Diesel oxidation catalysts market is projected value at US$ 1,488 million in 2024 and expand at a CAGR of 3.1% to end up at US$ 2,095 million by 2035.

About Us:

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.

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