Global Biofuels Market, By Fuel Type (Biodiesel, Ethanol, Bioethanol, Propanol, Butanol, Methanol, Biogas), Form (Solid, Fuel Pellets Liquid, Gaseous), Feedstock Type (Palm Oil, Jatropha, Sugar Crop, Coarse Grain, Other Feedstock), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Biofuels market will grow at a rate of 4.70% for the forecast period of 2021 to 2028. Increasing low price of biofuels than other vegetable oils is a vital factor driving the growth of biofuels market.
Biofuels are produced to replace gasoline, diesel fuel and coal, which are “non-renewable energy sources” since they are produced by animals and plants that died a large number of years earlier. Biofuels are made from plants that have recently been reaped. Biofuel is also used as a first-generation fuel. It is also used in preventing vitamin A deficiency, cancer, brain disease, aging; and treating malaria, high blood pressure, high cholesterol, and cyanide poisoning.
Increasing low price of biofuels than other vegetable oils is the vital factor escalating the market growth, also improving economic conditions, rising living standards and changing eating habits, growing automobile industry, rise in population all over the globe, increasing availability of funds for research and development for the development of biofuels at a lower cost, rising ongoing research for commercialization of second and third-generation biofuels are the major factors among others driving the biofuels market. Moreover, rising technological advancements and increasing modernization in the production techniques and rising research and development activities in the market will further create new opportunities for the biofuels market in the forecast period of 2021- 2028.
However, increasing investments for installing biofuels and biogas plants and lack of spaces in surroundings for biofuel plants to get settled due to rising urbanization are the major factors among others acting as restraints, and will further challenge the growth of biofuels market in the forecast period mentioned above.
This biofuels market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on biofuels market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Biofuels Market Scope and Market Size
Biofuels market is segmented on the basis of type, form and feedstock type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on type, the biofuels market is segmented into biodiesel, ethanol, bioethanol, propanol, butanol, methanol and biogas. The ethanol segment is the leading segment and is expected to dominate in the market due to rising demand for bioethanol as automobile fuel due to their environment-friendly characteristic to mitigate greenhouse gas emission.
- On the basis of form, the biofuels market is segmented into solid, fuel pellets liquid and gaseous. Solid has been further segmented into biocoal and biochar. Fuel pellets liquid has been further segmented into biodiesel and bioethanol. Gaseous has been further segmented into biogas, biopropane and syngas.
- The biofuels market is also segmented on the basis of feedstock type into palm oil, jatropha, sugar crop, coarse grain and other feedstock.
Biofuels Market Country Level Analysis
Biofuels market is analysed and market size, volume information is provided by country, type, form and feedstock type as referenced above.
The countries covered in the biofuels market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the biofuels market due to rising supportive policies extended by the governments, such as the tax incentives provided by the governments and increasing robust policies and incentives for encouraging production, consumption, and research for new technologies for alternate fuels in this region.
The country section of the biofuels market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Biofuels Market Share Analysis
Biofuels market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to biofuels market.
The major players covered in the biofuels market report are Biofuels Digest, Neste Netherlands B.V., Infinita Renovables SA, Marseglia Group, Glencore, Louis Dreyfus Holding B.V., Renewable Energy Group, Inc., RB FUELS, Ag Processing, Inc., Elevance, Marathon Petroleum Corporation, Evergreen Bio Fuels, Minnesota Soybean Processors, Caramuru., ENF Ltd., Hebei Jingu, Hebei Jingu, Shandong Jinjiang, Valero Marketing and Supply Company, Green Plains Inc., Flint Hills Resources, Abengoa Bioenergy, Pacific Ethanol, Inc., CropEnergies AG, Raízen, The Andersons, Inc. and BTG International Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Biofuels Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.