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Cellulosic Ethanol Market Current Opportunities, Business Trends, and Growth Forecast by 2024

Author : Rahul Sankrityayan | Published Date : 2019-04-22 

The research report scrutinizes the global Cellulosic Ethanol industry from 360 degree perception, taking manifold facets into consideration including segmentation, key developments, market overview, market growth and dynamics, market trends and future outlook, market opportunities, potential investment segment, competitive landscape etc.

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.

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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.

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.

Large scale production units need to have technological advancements owing to slow growth rate due to high initial cost and production complexities. Huge investments by research institutes and big corporate houses is likely to drive cellulosic ethanol market size.

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Availability of feedstock is a major growth driver for cellulosic ethanol market. However, challenges exist in harvesting, storage and transportation of low productive conventional raw crops due to its low material densities and moisture level.

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.

North America led by Mexico, Canada and the U.S. cellulosic ethanol market accounted for about 50% global ethanol market share in 2016. Programs are sponsored by the US Department of Energy to develop and research ethanol developing organisms and cellulose hydrolysis enzymes. Various national laboratories and companies are co-funded by government to promote product demand in this region.

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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.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, 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 technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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