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Global Cellulosic Ethanol Market: Overview

Cellulosic ethanol is a biofuel, which is manufactured using parts of plants, grasses, and wood. Cellulose, besides hemicelluloses and lignin, are mass of plants that are extracted from lignocellulose. Panicum virgatum, wood chips, and other byproducts of tree are the cellulosic materials that are used for the production of ethanol. The production of ethanol from lignocellulose has advantage of abundant raw materials as compared to other sources such as corn and sugar canes. The amount of processing time to provide microorganisms with sugar monomers that produce ethanol is another factor that has driven the production of cellulosic ethanol towards lignocellulose. In the recent times, switchgrass and miscanthus are studied as prospect raw materials for the production of ethanol as they have high productivity per acre.

Gasification and fermentation are two processes to produce ethanol. While gasification transforms the lignocellulose raw material into gaseous carbon monoxide and hydrogen, cellulolysis process involves hydrolysis on pretreated lignocellulosic raw matherials with the help of enzymes, which break the complex cellulose into sugars such as glucose, followed by distillation and fermentation. The global market for cellulosic ethanol is projected for a healthy growth rate during the forecast period of 2016 to 2024. This report is a comprehensive study of the market and presents a figurative analysis of the future scenario.

Global Cellulosic Ethanol Market: Trends and Opportunities

For the commercial production of cellulosic ethanol, an infrastructure has to be built to carry out methods of turning cellulose containing organic matter into fuel. In the recent times, the global cellulosic ethanol market has witnessed considerable investments from some of the key players. For instance, companies such as POET, Abengoa, and logen are into the process of building refineries with functionality to process biomass and produce ethanol. Moreover, enzyme producing companies such as DuPont, Dyadic, Novozymers, and Diversa may also help in creating cellulosic ethanol during the forecast period.

The growing usage of cellulosic ethanol also owing to the fact that it is a major source of sustainable energy. In a bid to decrease the CO2 emission caused by petroleum based fuels, many feedstocks such as corn cobs and woody biomass are now readily available and actively adopted. The report also observes that the commercialization of cellulosic biofuel industry is energizing the global economy and reaching up to the untapped market. Some of the other factors driving the global cellulosic ethanol market are: growing demand for biofuel due to its environmental benefits and the commercialization of cellulosic biofuels. The report also highlights some of the trends of the market, such as increase in government blending rate targets, decrease in enzyme costs, and increase in the number of deals in the market.

Global Cellulosic Ethanol Market: Region-wise Outlook

Geographically, the global market for cellulosic ethanol can be segmented into North America, Europe, Asia Pacific, and rest of the world. Currently, North America serves the maximum demand, which is primarily dominated by the country of the U.S. where the Federal Government is a keen promoter of cellulosic ethanol as an alternative to petroleum fuels. Various programs that are being sponsored by the U.S. Department of Energy (DOE) to research and develop ethanol fermenting organisms and cellulose hydrolysis enzymes. It also co-funds the ethanol from biomass production facilities, and thereby immensely help the market for the same in the region. Various national laboratories in the U.S. such as Oak Ridge National Laboratory (ORNL), Idaho National Laboratory (INL), and National Renewable Energy Laboratory (NREL) are currently involved in the research and development of cellulosic ethanol.

Companies Mentioned in the Research Report

Some of the key players in the global cellulosic ethanol market that have been profiled in this report are: British Petroleum, Novozymes, DuPont, INEOS and Blue Fire Renewables.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Cellulosic Ethanol Market

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