The research study conducted by Report Ocean on the “ Cellulosic Ethanol Market ” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Cellulosic Ethanol Market is valued at approximately USD 5.1 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 37.2% over the forecast period 2023-2030. Cellulosic Ethanol is a second-generation biofuel made from lignocellulosic feedstocks such as agricultural and forest waste, mixed biomass, energy crops, and municipal solid waste. Cellulosic ethanol is emerging as a viable alternative to corn-based ethanol. The fact that cellulosic ethanol is made from non-food crops and its main advantage is waste biomass. The increase in demand for renewable and sustainable energy sources, the increased need to decrease greenhouse gas emissions, and the introduction of government policies and incentives that support the use of biofuels are driving the cellulosic ethanol market statistics. Several factors, including greater urbanisation, higher energy use, and increased environmental concerns, are expected to promote global cellulosic ethanol use. Various clean air (clean air act) and GHG (greenhouse gas) reduction regulations, among other factors, are projected to play an important part in the industry’s growth.
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The increase in demand for renewable and sustainable energy sources driving the market growth. According to the IRENA.ORG in 2021, The 10.3% increase in installed capacity indicates growth that outpaces long-term patterns of slower year-over-year growth. Global renewable generation capacity was 2 799 GW by the end of 2020, with hydropower making up the greatest portion (1 211 GW), while solar and wind are quickly catching up. In 2020, capacity increase was dominated by the two renewable, erratic sources of energy, with new solar and wind installations totaling 127 GW and 111 GW, respectively. Additionally, increased research activity for sustainable bioethanol production systems and increasing demand for the electric vehicle market H owever, the Lack of infrastructure for Cellulosic Ethanol stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Cellulosic Ethanol Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising demand for clean biofuel and the inexpensive supply of feedstocks. According to the US Energy Information Administration, in 2021, US fuel ethanol output (as defined by renewable fuels and oxygenate plant net fuel ethanol production) going to around 15 billion gallons (0.4 billion barrels) in 2023. Furthermore, the growing number of cars in the North American area drives market growth. Europe is expected to grow significantly during the forecast period, owing to the heightened environmental concerns and increasing government actions in the region. According to the International Energy Agency in 2021, the European Union’s Fit for 55″ package contains a recommendation for a transportation related GHG intensity standard that would treble the current transportation related renewable energy target for transport of 14% by 2030.
Major market player included in this report are:
BlueFire Renewables Inc.
GranBio
DuPont
Novozymes
Alliance Bio Energy Plus
Aemetis, Inc.
Enerkem
POET-DSM Advanced Biofuels
logen Corporation
Prai Industries
Recent Developments in the Market:
In July 2021, Novozymes introduced two novel yeast and fibre solutions with the goal of increasing ethanol plant efficiency, addressing production problems, and allowing facilities to expand their product offers.
In August 2020, GranBio, an industrial biotechnology business, collaborated with NextChem to co-license its patented technology for the global manufacture of second-generation ethanol.
Global Cellulosic Ethanol Market Report Scope:
Historical Data: 2020 – 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Feedstock, Process, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Feedstock:
Crop Residues
Wood Residues
Dedicated Energy Crops
Others
By Process:
Dry Grind
Wet Mill
Others
By Application:
Gasoline
Detergent
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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