The Global Cellulosic Ethanol market will grow at a CAGR of 53.3 percent over the period 2013-2018, reports Research and Markets.
Cellulosic ethanol is produced from ligno-cellulose available in cellulosic materials such as wood and grass, produced through the fermentation process of cellulosic feedstock.
Smaller companies are gaining maximum benefit from research activities conducted by major companies, which is a key trend in this market, as they do not need initial technology set-ups and can adapt the research results of big companies.
Increased government support is one of the major drivers in this market. U.S and Brazil governments are supporting manufacturing companies to boost cellulosic ethanol production. Italy, Germany, and China governments are chalking out supportive policies that are expected to boost the market.
One of the major challenges in this market is the high overall cost of production as the technology is in its initial stages. However, with advances in technology, the costs are expected to decrease.
ALSO READ :Â Global biofuel market to hit $99 b by 2014
The Global Cellulosic Ethanol market can be segmented into four portions including agricultural residue, forest residue, energy crops and organic Municipal Solid Waste (MSW).
Major global players in this market are Abengoa Bioenergy, Beta Renewables, DuPont Industrial Biosciences and Mascoma.
Rajani Baburajan
[email protected]