Latest News- Cellulosic Ethanol Market: Energy crops is expected to lead the Feedstock segment during 2024-2028

The Cellulosic Ethanol Market is being driven by Rising food security concerns

The Cellulosic Ethanol Market is expected to grow at a CAGR of 67.86% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 9607 million. Cellulosic ethanol, a renewable biofuel, offers significant advantages in the form of reduced greenhouse gas emissions and energy security. Governments worldwide are taking notice, leading to increased consumption and the need for environmental compliance. However, the use of diverse feedstocks for cellulosic ethanol production, which are also in demand for other sectors, can result in price escalation. The Organization for Economic Co-operation and Development (OECD) has issued a cautionary note regarding potential food price hikes due to heightened biofuel consumption. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Feedstock
  • Energy crops
  • Agricultural residues
  • Organic MSW
  • Forest residues
• Application
  • Detergent
  • Gasoline
• Geography
  • North America
    • US
    • Canada
  • APAC
    • China
  • Europe
    • Germany
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising food security concerns
• Increased environment and energy security concerns
• Rising need for renewable clean fuel

However, the market also witnesses some limitations, which are as follows:

• Fall in crude oil prices
• Capital-intensive industry
• Availability of feedstock

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Market Scope in Cellulosic Ethanol Market Research Report

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Research Analysis Overview

In the realm of renewable energy and sustainable agriculture, cellulosic ethanol has emerged as a promising solution for energy sustainability and climate change mitigation. This advanced biofuel is derived from renewable energy sources, specifically cellulosic feedstock and biomass. The production process involves several stages, including biomass pretreatment, enzymatic hydrolysis, fermentation, and ethanol extraction. Renewable fuel standards have played a crucial role in driving the market growth of cellulosic ethanol. The use of this biofuel not only reduces carbon footprint but also contributes to energy security. Biorefining processes and biorefinery technology are essential for optimizing biomass conversion efficiency and economics. Cellulosic ethanol production offers significant environmental benefits, making it a sustainable alternative to traditional fossil fuels. The fermentation process converts cellulose degradation products into ethanol, resulting in a renewable energy source that is essential for a sustainable future.

Market Research Overview

In the realm of renewable energy and sustainable chemicals, the cellulosic ethanol market emerges as a significant player. This market encompasses businesses primarily engaged in the production of ethanol derived from non-food plant sources, such as wood, agricultural waste, and municipal solid waste. The market's growth is driven by the increasing demand for eco-friendly alternatives to fossil fuels and the continuous innovation in the conversion technology of cellulosic biomass into ethanol.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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