Cellulosic Ethanol Market Poised for Impressive Growth as Boom Around Renewables Grows Denser

An escalating need for seeking dependable alternative energy sources has been driving the boom around the renewables sector. A new upcoming study of Fairfield Market Research suggests that the market for cellulosic ethanol is particularly benefiting from the ascending crude oil prices. In the backdrop of recent Russia-Ukraine war and the consequent geopolitical unrest all over the world, the Russian traders have been claiming the lack of potential buyers because of which the prices of crude oil have reached a tipping point in 2022. The situation is working to the advantage of the already booming renewables sector, thereby favouring the growth of biofuels such as cellulosic ethanol. Additionally, the perceived advantages of cellulosic ethanol over its traditional corn-, or sugar-based counterpart in terms of commercial production dynamics will contribute heavily toward the growth of market, indicate the initial findings of the report.

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Hike in Adoption Projected as Transportation Sector Welcomes Cellulosic Ethanol as a Potential Gasoline Substitute

Cellulosic ethanol has been experiencing a spike in demand from transportation industry, which is likely to remain one of the key factors bolstering market growth. Growing use of the combination of ethanol, and low-ratio gasoline has been found as an effective solution. Moreover, it is being increasingly considered as an apt fuel solution for hybrid vehicles that can be operated on an extremely concentrated mixture. This is projected to foster the performance of market in future. With growing consideration of cellulosic ethanol as a viable substitute for gasoline, the market will continue to benefit from surging adoption in domestic transportation. Impressive prospects of biofuel sector are thus likely to be significantly responsible for the expansion of cellulosic ethanol market.

Supportive Regulatory Framework Sustains North America's Profitable Position

The developed North American nations represent decently profitable opportunities of revenue generation for manufacturers of cellulosic ethanol. While this has been primarily the result of a surge in cellulosic ethanol across the region over the recent past, it is further complemented by the strong government mandates regarding clean energy. Moreover, growing stringency of the policies around carbon and greenhouse gas (GHG) emissions that have pushed the implementation of low carbon fuel standards (such as that in California), as well as the most recent US Renewable Fuels Standard (RFS) as a part of the amended Energy Bill are projected to favour the growth of biofuels sector, thereby boosting cellulosic ethanol sales. The target set by RFS, i.e., the biofuel production of 36 billion gallons in the country has been scaling up the production-demand game to a large extent.

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Cellulosic Ethanol Market: Competitive Landscape

The cellulosic ethanol market report in its competitive analysis section would shed light on the most exclusive strategic information about some of the most prominent players stirring competition in the global landscape. Mascoma, DuPont Industrial Biosciences, Abengoa Bioenergy, British Petroleum, Novozymes, and Beta Renewables constitute a few of the leading market players that would be subject to detailed financial and strategic profiling and analysis.

Global Cellulosic Ethanol Market is Segmented as Below:

By Feedstock
• Agricultural Residue
• Forest Residue
• Energy Crops
• Municipal Solid Waste (MSW)
• Others

By Application
• Transportation
• Power generation
• Heating
• Others

By Region
• North America
• Europe
• Asia Pacific
• LAMEA

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