Cellulosic Ethanol Market Detailed Analysis Application, Production, Top Players Growth, Forecast 2034
According to Fact.MR, a leading provider of market research and competitive intelligence, the global cellulosic ethanol market is projected to reach a value of US$ 61.68 billion by the end of 2034, growing at a CAGR of 46.4%. Cellulosic ethanol is a biofuel produced from plant materials such as agricultural residues and forestry waste, rather than food crops. Unlike traditional ethanol, it offers significant advantages. It does not compete with food sources, alleviating concerns over rising food prices. Additionally, it has a lower carbon footprint, contributing to the reduction of greenhouse gas emissions. By utilizing non-food feedstocks, cellulosic ethanol is a more sustainable alternative, converting waste materials and energy crops into fuel without disrupting food production. This biofuel also supports feedstock diversification, reducing reliance on a single crop. Furthermore, the production process often incorporates a...