Cellulosic Ethanol Market Overview, Industry Trends and Growth Analysis by 2024
Category: #reports  By Rahul Sankrityayan  Date: 2019-03-26
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Cellulosic Ethanol Market Overview, Industry Trends and Growth Analysis by 2024

Cellulosic Ethanol Market share is expected to grow significantly due to availability of feedstock and rising clean fuel demand, along with government initiatives support biofuels during the forecast timeframe.

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.

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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. High latent heat of vaporization and demixing issue with hydrocarbon causes cold engine and are restraints to market growth. However, ethanol biofuels are blended with petroleum diesels to overcome this drawback which is likely to boost product demand.

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.

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. Harvest capacity and transportation density are major limitations for biomass harvest and logistics to supply demand center. Investments need to be made in harvesting and transportation systems to improve biomass harvest field efficiency and reduce operational cost.

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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.  Delivery prices and cost associated with harvesting and delivering raw materials decides producer’s profitability. Fluctuations are high due to seasonality of such plants and hence affects the product price.

Clariant, a leading specialty chemical company has developed an alternative source of energy like cellulosic ethanol to combat with issues concerning energy sector and reduce oil dependency. Sunliquid is an efficient process developed by the company to convert agricultural residues into eco-friendly biofuels.

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.

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About Author

Rahul Sankrityayan

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Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for News.Marketsizeforecasters.com, 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 r...

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