DUBLIN--(BUSINESS WIRE)--The "Global Cellulosic Ethanol Market Research Report, Insights, Opportunity Analysis, Market Shares and Forecast 2017 - 2023" report has been added to ResearchAndMarkets.com's offering.
The global cellulosic ethanol market to grow with CAGR of 41.7% during the forecast period 2016-2023.
Ease of availability of raw materials, increasing demand of clean fuel, rising research and development activities and increasing stringent carbon emission norms are major factors propelling the demand of global cellulosic ethanol market.
Increasing stringent regulations is compelling governments of different countries to promote clean fuel. As per Global Carbon Budget 2016, global carbon dioxide emissions from all human activities including industries, fossil fuels and land-use change is expected to reach 41 billion tons in 2017. Bio-ethanol has emerged as a cost-effective and clean great source of leading renewable transportation fuel. According to International Sugar Association, global ethanol consumption increased from 80.7 billion liters to 97.8 billion liters over the period of 2011-2016.
Europe accounts the largest share in global cellulosic ethanol market owing to early adoption of the technology and initiatives for adoption of clean fuel. As per European commission, in 2016, the total cellulosic ethanol capacity was assessed to be 60 million liters and is expected to reach 200 million liters by 2021. However, Asia Pacific is expected to grow at highest market rate owing to rapid adoption of the technology in China and India.
High initial cost requirement in installing a cellulosic ethanol production unit, research & development cost and efficient distribution channel are major restraints to global cellulosic ethanol market. As per Dovetail Partners, Inc. (U.S.), a total investment of $225 million is required for setting up 30 million gallons of cellulosic ethanol plant. However, only an investment of $80 million is required for installing a production unit of corn-ethanol plant.
The major market players of the global cellulosic ethanol market are DuPont (US), Beta Renewables (ITALY), GraanBio (Brazil), British Petroleum (UK), Clariant (Switzerland) and Synata Bio, Inc. (US).
Key Topics Covered:
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Competitive Landscape
6. Geographic Analysis
7. Company Profiles
- Abengoa Bioenergy (US)
- Beta Renewables (Italy)
- Blue Fire Renewables (US)
- Borregaard (Norway)
- British Petroleum (UK)
- Clariant (Switzerland)
- Dupont (US)
- Enerkem (Canada)
- Etip Bioenergy (Canada)
- Fiberight Llc (US)
- Granbio (Brazil)
- Ineos (Switzerland)
- Novozymes (Denmark)
- Poet-Dsm Advanced Biofuels Llc (US)
- Shandong Longlive Bio-Technology Co., Ltd (China)
For more information about this report visit https://www.researchandmarkets.com/research/nr6px2/global_cellulosic?w=4