Global Cellulosic Ethanol Market growing at a CAGR of 14.9% from 2023 to 2030
Category : Materials And Chemicals | Published Date : Sep 2023
Key Market Overview
Consegic Business Intelligence analyzes that the cellulosic ethanol market is predicted to grow at a compound annual growth rate of 14.9% from 2023 to 2030 and is expected to reach USD 9,539.47 million in 2030 which was valued at USD 3,150.00 million in 2022.
The report highlights the growing demand for sustainable and renewable energy sources, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the cellulosic ethanol market.
Global Cellulosic Ethanol Market By Overview
The cellulosic ethanol market is bifurcated into feedstock, process, application, and end-user industry. Based on feedstock, the market is segmented into energy crops, agricultural residues, organic municipal solid waste, forest residue, and others. In 2022, the agricultural residues segment dominates the overall cellulosic ethanol market. The process segment is categorized into dry grind, wet mills, and others. In 2022, the dry grind segment accounted for the highest market share in the cellulosic ethanol market. Based on application, the market is segmented into industrial solvents, fuel & fuel additives, beverages, chemical additives, and others. In 2022, the fuel & fuel additives segment dominates the overall cellulosic ethanol market. The end-user industry segment is categorized into transportation, energy, chemicals, and others. In 2022, the transportation segment accounted for the highest market share in the cellulosic ethanol market.
Get Free SampleMarket Dynamics
Driver:
- Growing demand for sustainable and renewable energy sources is propelling market growth.
- Rising government initiatives to promote the use of biofuels is driving the market growth.
Restraints:
- The lack of infrastructure to produce cellulosic ethanol is restraining the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Feedstock | Energy Crops, Agricultural Residues, Organic Municipal Solid Waste, Forest Residue, and Others |
| By Process | Dry Grind, Wet Mills, and Others |
| By Application | Industrial Solvents, Fuel & Fuel Additives, Beverages, Chemical Additives, and Others |
| By End-user Industry | Transportation, Energy, Chemicals, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Raizen SA, Logen Corporation, GranBio, and Cargill, Inc. which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the cellulosic ethanol market is expected to witness substantial growth in the coming years due to the growing initiatives for the development of cellulosic ethanol production plants in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Raizen SA
- Logen Corporation
- GranBio
- POET-DSM Advanced Biofuels
- Iogen Corporation
- Praj Industries
- Cargill, Inc.
- Ginkgo Bioworks
- Bioamber Inc
- Genomatica Inc.
- Clariant AG