Global Cellulosic Ethanol Market Is Expected to Reach USD 6,813 million by 2028 : Fior Markets
Cellulosic Ethanol Market by Feedstocks (Agricultural Residue, Forest Residue, Energy Crops, Municipal Solid Waste (MSW), Others), Application (Transportation, Power Generation, Heating, Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2021 to 2028
May 07, 2021 04:00 ET
| Source:
Fior Markets
Fior Markets
Pune, INDIA
Newark, NJ, May 07, 2021 (GLOBE NEWSWIRE) -- As per the report published by Fior Markets, the
global cellulosic ethanol market is expected to grow from USD 625 million in 2020 and to reach USD 6,813 million by 2028, growing at a CAGR of 34.8% during the forecast period 2021-2028.
In the cellulosic ethanol market, the driving factor for the growth of the industry is mainly the growing demand for biofuels due to their environmental benefits and commercialization of cellulosic biofuels. Growing concerns about food security and concerns about energy and environmental security are expected to create significant growth opportunities for sellers in the cellulosic ethanol market.