Cellulosic ethanol market size to increase by USD 3,052.1 million between 2022 and 2027; North America to account for 33% of market growth - Technavio
NEW YORK, March 24, 2023 /PRNewswire/ -- The cellulosic ethanol market report has been published by Technavio. Market growth is estimated to accelerate at a CAGR of 45.87% and register an incremental growth of USD 3,052.1 million during the forecast period. By geography, the market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. North America will account for 33% of market growth during the forecast period. The regional market's growth is driven by the US government's support to the manufacturers of cellulosic ethanol through special loans, funds, and grants. This support has led to extensive research into the latest technologies and treatments to improve the quality of cellulosic ethanol. This will have a positive impact on the growth of the regional market. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) ? Request a report sample
The cellulosic ethanol market report includes information on the key products and recent developments of leading vendors, including BlueFire Renewables Inc., GranBio Investimentos S.A., Green Plains Inc., INEOS Group Holdings SA, Iogen Corp., Novozymes AS, Orsted AS, POET LLC, Praj Industries Ltd., Clariant International Ltd., Borregaard AS, COFCO Corp., DuPont de Nemours Inc., ENERKEM Inc., Eni Spa, Fiberight LLC, Shandong Longlive Bio-technology Co. Ltd., VERBIO Vereinigte BioEnergie AG, Vertex Bioenergy SL, and Raizen Energia SA.
The key offerings of some of these vendors are listed below:
GranBio Investimentos S.A.: The company offers cellulosic ethanol for personal care ingredients and industrial purposes.
Green Plains Inc.: The company offers cellulosic ethanol such as Sunliquid cellulosic ethanol.
INEOS Group Holdings SA: The company offers cellulosic ethanol such as fuel ethanol through its subsidiary COFCO Biotechnology.
Iogen Corp.: The company offers cellulosic ethanol such as Xcelis ethanol.
Novozymes AS: The company offers cellulosic ethanol from non-recyclable and non-compostable municipal solid waste.
Orsted AS: The company offers cellulosic ethanol such as Proesa ethanol.
POET LL: The company offers cellulosic ethanol from platform sugar.
Praj Industries Ltd.: The company offers cellulosic ethanol such as Bioflex 2G ethanol.
By feedstock, the market is segmented into energy crops, agricultural residues, organic MSW, and forest residues. The growth of the energy crops segment will be significant over the forecast period. Energy crops are used to produce cellulosic ethanol and other biofuels such as ethanol, propanol, and butanol. These are non-food crops that are low-cost and require low maintenance to produce. Such factors will increase the growth of the segment during the forecast period.
By application, the market is segmented into detergent and gasoline.
The growth of the market is driven by rising food security concerns. Another factor driving the growth of the market is increased environmental and energy security concerns. In addition, the rising need for renewable clean fuel will also increase market growth. However, the fall in crude oil prices will hinder the growth of the market.
The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc. Request a Sample
The bioethanol market size growth is expected to progress at a CAGR of 11.69% and is estimated at USD 66,963.08 million from 2022 to 2027. The favorable government policies are notably driving the market growth, although factors such as the fluctuation in the prices of crude oil may impede the growth.
The monochloroacetic acid marketis estimated to grow at a CAGR of 3.5% between 2021 and 2026. The size of the market is forecast to increase by USD 165.63 million. The increasing use of MCAA derivatives in end-user industries is notably driving the monochloroacetic acid market growth, although factors such as volatile prices of raw materials may impede the market growth.
Exhibit 147: Green Plains Inc. - Business segments
Exhibit 148: Green Plains Inc. - Key news
Exhibit 149: Green Plains Inc. - Key offerings
Exhibit 150: Green Plains Inc. - Segment focus
12.12 Novozymes AS
Exhibit 151: Novozymes AS - Overview
Exhibit 152: Novozymes AS - Business segments
Exhibit 153: Novozymes AS - Key news
Exhibit 154: Novozymes AS - Key offerings
Exhibit 155: Novozymes AS - Segment focus
12.13 Orsted AS
Exhibit 156: Orsted AS - Overview
Exhibit 157: Orsted AS - Business segments
Exhibit 158: Orsted AS - Key news
Exhibit 159: Orsted AS - Key offerings
Exhibit 160: Orsted AS - Segment focus
12.14 Praj Industries Ltd.
Exhibit 161: Praj Industries Ltd. - Overview
Exhibit 162: Praj Industries Ltd. - Product / Service
Exhibit 163: Praj Industries Ltd. - Key offerings
12.15 Raizen Energia SA
Exhibit 164: Raizen Energia SA - Overview
Exhibit 165: Raizen Energia SA - Product / Service
Exhibit 166: Raizen Energia SA - Key offerings
12.16 VERBIO Vereinigte BioEnergie AG
Exhibit 167: VERBIO Vereinigte BioEnergie AG - Overview
Exhibit 168: VERBIO Vereinigte BioEnergie AG - Business segments
Exhibit 169: VERBIO Vereinigte BioEnergie AG - Key offerings
Exhibit 170: VERBIO Vereinigte BioEnergie AG - Segment focus
12.17 Vertex Bioenergy SL
Exhibit 171: Vertex Bioenergy SL - Overview
Exhibit 172: Vertex Bioenergy SL - Product / Service
Exhibit 173: Vertex Bioenergy SL - Key offerings
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 174: Inclusions checklist
Exhibit 175: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 176: Currency conversion rates for US$
13.4 Research methodology
Exhibit 177: Research methodology
Exhibit 178: Validation techniques employed for market sizing
Exhibit 179: Information sources
13.5 List of abbreviations
Exhibit 180: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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