London, 01 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Cellulosic Ethanol Market 2014-2018, which is expected to grow at a CAGR of 53.3 percent during the forecast period of 2013-2018.
Cellulosic ethanol is a specific form of ethanol produced from lignocellulose available in cellulosic materials such as wood and grass. It is the most commonly recommended alternative or additive for gasoline used in vehicles and is produced through the fermentation process of cellulosic feedstock that can be grown anywhere and also can also be sourced from agricultural waste residues. Cellulosic ethanol is a greener alternative to corn ethanol as it does not use feedstock that could be used for human consumption.
“Cellulosic ethanol is proving to be a better choice than other biofuel sources such as corn and sugarcane that are also for human consumption,” says Faisal Ghaus, Vice President of TechNavio.
“Moreover, cellulosic ethanol can be produced in nearly any environment that is rich in plants or foliage.”
Key Market Drivers
- Increase in Government Support
- Rise in Gasoline Prices
- Increase in Energy Demand
Key Market Trends
- Small Players Benefiting from R&D by Major Oil and Gas Companies
- Growing Need for Alternative Fuel
- Advances in Technology
Key Market Vendors
- Abengoa Bioenergy SA
- Beta Renewables SpA
- DuPont Industrial Biosciences
- Mascoma Corp.
- POET-DSM
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
