Global Cellulosic Ethanol Market to Reach $6.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Cellulosic Ethanol estimated at US$631.7 Million in the year 2020, is projected to reach a revised size of US$6.6 Billion by 2027, growing at a CAGR of 39.8% over the analysis period 2020-2027. Energy Crops, one of the segments analyzed in the report, is projected to record a 40.2% CAGR and reach US$1.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Agriculture Waste segment is readjusted to a revised 40.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $169.6 Million, While China is Forecast to Grow at 46.6% CAGR
The Cellulosic Ethanol market in the U.S. is estimated at US$169.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2027 trailing a CAGR of 46.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 33.2% and 37.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 35.6% CAGR.
Municipal Solid Waste Segment to Record 39% CAGR
In the global Municipal Solid Waste segment, USA, Canada, Japan, China and Europe will drive the 37.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$51.8 Million in the year 2020 will reach a projected size of US$489.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1 Billion by the year 2027, while Latin America will expand at a 41.1% CAGR through the analysis period. We bring years of research experience to this 8th edition of our report. The 286-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Abengoa Bioenergy Corporation
- Beta Renewables SpA
- BlueFire Renewables, Inc.
- Borregaard AsA
- BP PLC
- Clariant International Ltd.
- DowDuPont, Inc.
- Enerkem, Inc.
- Etip Bioenergy
- Fiberight LLC
- INEOS Group AG
- Novozymes A/S
- Poet-DSM Advanced Biofuels LLC
- Shandong Longlive Bio-Technology