Cellulosic Ethanol Market – Global Forecast and Opportunity Assessment by Technavio

LONDON–(BUSINESS WIRE)–#Biochemicals–According to the latest market study released by Technavio,
the global
cellulosic ethanol market is expected to reach USD 18.01 billion
by 2021, growing at a CAGR of more than 45%.

This research report titled ‘Global
Cellulosic Ethanol Market 2017-2021’ provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
This market research report also includes up to date analysis and
forecasts for various market segments and all geographical regions.

Cellulosic ethanol has high economic importance as a biofuel and is a
potential alternative to fossil fuel. Its large-scale production and
distribution have been started in several developed countries such as
the US, Germany, Brazil, France, and Italy. The main types of feedstock
used in the production of cellulosic ethanol are wood and grass, which
are not used for human consumption. Some of the cellulosic grasses and
trees are switchgrass, miscanthus, prairie grasses, reed canary grass,
poplar, mesquite, willow, and shrub willow.

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Technavio’s chemicals
and materials research analysts categorize the global cellulosic
ethanol market into the following segments by feedstock. They are:

• Energy crops
• Agricultural residues
• Organic MSW
• Forest residues

The top three feedstock segments for the global cellulosic ethanol
market are discussed below:

Energy crops

Energy crops are used to produce cellulosic ethanol and other biofuels.
These are non-food crops, which require low cost and lesser maintenance
to produce. Typically, energy crops can be segmented into two
subcategories: Woody and herbaceous. Herbaceous energy crops mainly
include grasses such as Arundo donax, Andropogon gerardii, Miscanthus
giganteus, Panicum virgatum or switchgrass, elephant grass, and sweet
sorghum. Woody energy crops are fast-growing trees such as poplar,
sweetgum, silver maple, black locust, eucalyptus, and willow.

According to Ajay Adhikari, a lead bio-chemicals
and bio-materials research analyst from Technavio, “Woody
energy crops generally grow at an approximate speed of 9-11 feet in a
year and reach nearly 70-85 feet in 8-10 years. They produce 2%-10% more
wood biomass per acre in comparison with the natural forest trees. The
increasing requirement of biomass to produce renewable fuels and growing
awareness to minimize greenhouse gas and carbon emission are expected to
boost the demand for energy crops as a biofuel feedstock.”

Agricultural residues

Agricultural residues are one of the key feedstocks to produce
cellulosic ethanol. Various agricultural wastes, by-products, and
processing residues such as straw of grain crops, chaff, husks, bagasse,
cobs, roots, stalks, and stubble are commonly used as feedstock. Wheat,
maize, rice, and sugarcane are the some of the major crops that generate
the majority of the lignocellulosic feedstock in the agricultural sector.

“Rice farming largely produces leaf sheaths, leaf blades, stems, and
the panicle remnants. Residues of rice plants are abundant for
cellulosic ethanol production. APAC is the largest producer of rice
straw and holds more than 90% of the production share,” says Ajay.

Organic MSW

Organic MSW is an abundant and economical feedstock to produce
cellulosic ethanol. It is helpful for municipalities and the cellulosic
ethanol producers. It largely reduces the cost of the municipal
agencies, which is mainly incurred in collection, treatment, and
disposal of organic MSW. It also helps biofuel producers by providing
them a sustainable continuous source of organic feedstock.

Organic MSW largely includes discarded wood parts, food, paper, and
garden waste. It is beneficial for cellulosic ethanol producers as
municipalities supply it either for free or at minimal cost as an
alternative to the landfill costings. The low feedstock cost directly
reduces the overall cost of the product.

The top vendors highlighted by Technavio’s research analysts in this
report are:

• Beta Renewables
• DuPont
• Enerkem
• Fiberight
• GranBio

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
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and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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