Cellulosic Ethanol Market Share

North American Market Forecast

The North American cellulosic ethanol market is projected to be the largest with a share of about 35% by 2037. The availability of cheap feedstock in large quantities is the primary factor for market growth in the region for producing cellulosic ethanol. Furthermore, the rising concern regarding environmental issues is also projected to aid the production of cellulosic ethanol owing to its environmental benefits in the major region including the United States and Canada. In 2021, the United States produced almost 15 billion of fuel ethanol production. Also, the United States and Brazil accounted to produce 85% of the world’s ethanol together.

APAC Market Analysis

The Asia Pacific cellulosic ethanol market is set to hold 24% of the revenue share by the end of the projected timeframe, owing to the need to minimize the strategic risk related to the availability of petroleum products. Moreover, Australia, China, and India have seen a considerable increase in crude oil prices, low feedstock prices, and stronger government mandates which are estimated to favor creating a positive outlook for cellulosic ethanol market expansion.