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COVID Impacts Global Cellulosic Ethanol Market
USAgNet - 07/15/2020

Amid the COVID-19 crisis, the global market for Cellulosic Ethanol estimated at $631.7 million in 2020, is projected to reach a revised size of $6.6 billion by 2027, growing at a CAGR of 39.8% over the analysis period 2020-2027.

Energy Crops, one of the segments analyzed in the report, is projected to grow at a 40.2% CAGR to reach $1.8 billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Agriculture Waste segment is readjusted to a revised 40.4% CAGR for the next 7-year period. This segment currently accounts for a 34.9% share of the global Cellulosic Ethanol market.

The Cellulosic Ethanol market in the U.S. is estimated at $169.6 million in the year 2020. The country currently accounts for a 26.85% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of $1.6 billion in the year 2027 trailing a CAGR of 46.5% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 33.2% and 37.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 35.6% CAGR while Rest of European market (as defined in the study) will reach $1.6 billion by the year 2027.

In the global Municipal Solid Waste segment, USA, Canada, Japan, China and Europe will drive the 37.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of $51.8 million in the year 2020 will reach a projected size of $489.5 million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach $1 billion by the year 2027, while Latin America will expand at a 41.1% CAGR through the analysis period.

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