Cellulosic Based Ethanol Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Chemicals and Materials | Delivery Format: PDF | Status: Forthcoming | Report ID: ARC577

Introduction

Cellulosic based ethanol is derived by fermentation of sugars derived from corn, wheat, sugar sugarcane, beets, molasses or starch from which alcoholic beverages can be produced from. Cellulosic based ethanol and other alcohol fuels can be used as direct substitute for gasoline or in the form of blend additives. The advantages of alcohol fuels include increased energy diversification on the transportation sector and air pollution benefits from reduced emissions. Technological advances, including more efficient production and processing of sugarcane or other feedstock, are responsible for the availability and low price of bioethanol.

Market Dynamics

The market growth for cellulosic based ethanol is supported by its characteristics of being an eco-friendly fuel for the transportation sector. Moreover, cellulosic based ethanol is the ultimate long-term solution for energy supply security. In addition, the cellulosic based ethanol offers several advantages over first-generation biofuels. Also, the rise in environmental concerns and the need to lower GHG emissions also boosts the growth of cellulosic based ethanol market. However, high investment and variable production costs is the major restraining factor for cellulosic based ethanol market. Moreover, the ongoing debate over food vs fuel also hampers the market for cellulosic based ethanol. Nevertheless, government funding and investments in R&D by private companies offers huge growth opportunity for cellulosic based ethanol market. Volatile price change in crude oil is also a growth opportunity for cellulosic based ethanol manufacturers.

Market Classification and Overview

The global cellulosic based ethanol market is bifurcated based on raw material, application and geography. Based on raw material, the market is classified as grains, sugarcane, industrial beets, and others. Grains segment was estimated to hold the major share in the global market, because crops such as vegetable oils or corn have a 10–90% GHG release reduction on a well-to-wheels or crop-to-car basis compared to gas and diesel. Transportation, power generation, medical, and others are the various applications of cellulosic based ethanol. Power generation segment is projected to witness highest growth rate during the forecast period. It is estimated approximately 40% of all GHG emissions come from the power generation. In addition, power generation from coal, emits considerable amount of sulfur dioxide, which leads to acid rain. To reduce these harmful emissions, cellulosic based ethanol is significantly getting popular as an alternative source.

Regional Overview

The market for cellulosic based ethanol is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa (MEA). North America was the major contributors to the growth of cellulosic based ethanol market in 2016. U.S. is one of the largest consumers and producers of cellulosic based ethanol, accounting for the maximum percentage of ethanol produced in the world. Latin America was the second biggest market followed by North America. Brazil is the second largest biofuel producing nation after U.S.; however, the percentage of second-generation biofuels is quite low as compared to first-generation biofuels. The market for cellulosic based ethanol in Asia-Pacific is projected to witness highest growth in coming years owing to investment in R&D of advanced biofuels. Australia, India, and China are investing more actively for the development of advanced biofuels. Other factors that are expected to drive the market during the forecast period are feedstock availability and rapid increase in number of production facilities in Asia-Pacific.

Report Coverage

Market

Cellulosic Based Ethanol Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Raw Material, Application, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis

 

Market Participants

E. I. du Pont de Nemours and Company, POET LLC., Valero Renewable Fuels Company LLC., BP plc., CropEnergies AG, Archer Daniels Midland Company, Abengoa Bioenergy, BlueFire Ethanol Fuels Inc., Petrobras, and Royal Dutch Shell plc are the key players in the cellulosic based ethanol market. These players involved have adopted the strategies including expansion and mergers and acquisitions with local as well as established players.

Market Segmentation

Market By Raw Material

·         Grains

·         Sugarcane

·         Industrial Beets

·         Others

Market By Application

·         Transportation

·         Power Generation

·         Medical

·         Others

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

 

 

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA

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