Cellulosic Ethanol Market Size Worth $61.68 Billion by 2034, growing at a CAGR of 46.4%

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

Fact.MR, a market research and competitive intelligence provider, reveals in its updated report that leading companies are investing heavily in R&D to increase the efficiency of cellulosic ethanol, which is expected to increase 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.

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Key Takeaways from the 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

Some of the leading companies manufacturing cellulosic ethanol are Novozymes, Alliance Bio-Products, Dow, Beta Renewables SpA, Aemetis, Inc., Enerkem, Shandong Longlive Bio-Technology, and Poet-DSM Advanced Biofuels LLC.

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.

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Cellulosic Ethanol Industry News:

• In January 2022, Clariant launched its first commercial production of cellulosic ethanol at its plant in Romania.

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).

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