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In 2022, the biofuels industry is predicted to be worth USD 130.25 billion. Forecasts show that between 2022 and 2030, the biofuels industry would more than double, from USD 152.6 billion to USD 330.21 billion (a CAGR of 11.14 percent). An ageing worldwide population and strict environmental restrictions in response to a rising global demand for sustainable green energy are the primary drivers of market expansion.
Biofuel is an alternative fuel made from renewable resources like plants, algae, and composted animal manure. The reduction in carbon dioxide emissions is mostly attributable to its use. Biofuels can be used as a sustainable substitute for fossil fuels including gasoline, diesel, and kerosene. They have a wide range of applications, including cars, trucks, ships, and planes. The most widely used liquid biofuels today are ethanol and biodiesel. Corn and other cellulosic feedstock, like crop leftovers and wood, are used to create ethanol. Biofuels derived from algae offer an alternative to more conventional crops like corn and sugarcane. Renewable diesel can be made from a variety of resources like vegetable oils, yellow grease, leftover cooking oils, or animal fats.
The depletion of fossil fuel supplies, the growth of the global population, and the tightening of environmental regulations have all contributed to a greater need for renewable energy sources like biofuels. When compared to traditional fossil fuels, biofuels are seen as more environmentally friendly because they are made from naturally replenishing plant materials. As the need for biofuels grows, the industry is responding by investing more time and money into research and development. Rapid depletion of fossil fuel resources, rising global population, and strict environmental restrictions in response to rising demand for sustainable green energy will all contribute to the industry's expansion. Biofuels have several applications in the transportation sector, including heating operations because of their low cost and widespread availability. The worldwide biofuels market benefits tremendously from the rising demand from these industries, and this growth is expected to continue during the forecast time period.
The biofuels industry is expected to expand rapidly during the forecast period since biodiesel is an environmentally friendly alternative to fossil fuels. Biodiesel is predicted to be the most widely used biofuel due to the global transportation industry's and the world's intense push for environmentally beneficial advancements. In addition, the carbon footprint of sectors like shipping and aviation can be reduced by using advanced liquid biofuels produced from waste oil, lignocellulosic waste, and municipal waste. As a result, the global biofuels industry has experienced a higher CAGR in recent years due to these biofuel-related variables.
The biofuels market is expected to increase as a result of the substantial investment in R&D by major industry players. Market participants are engaging in a wide range of strategic activities, such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organisations, in response to the substantial industry changes such as these. Businesses in the biofuels industry that want to succeed in today's competitive and expanding market must offer competitively priced products. The leading firms in the industry are investing heavily in research and development to expand their product lines, which will further boost the biofuels market. New product launches, contracts, acquisitions, investments, and partnerships are just some of the key market changes that have prompted participants to take various strategic actions to bolster their positions in the industry. If they wish to succeed in the increasingly competitive and rising biofuels business, competitors must offer competitively priced products.
Scientists are working around the clock to produce the most effective energy source as the demand for green energy continues to rise. At the moment, biofuels are in the lead. They are also widely utilised as a substitute for traditional motor fuels. The market is expected to expand at a healthy rate over the next few years because to these factors. From 2023 to 2030, market participants will benefit from the rising demand for bio-source based energy resources, a trend encouraged by government activities linked to environmental legislation. The Eco-product Certification Scheme (E.C.S.) is one example of a new rule or regulation that has been developed by the European Commission and other federal government entities. These rules ensure minimal or nonexistent pollution and a long-term healthy environment. These rules encourage coatings manufacturers to shift their focus to bio-based fuels in order to reduce their negative impact on the environment. Modern, low-pollution coating technology will continue to receive government assistance in the United States and Western Europe due to strict air pollution rules. The fluctuating cost of inputs has a significant detrimental effect on market expansion as a whole. Biofuels' increasing cost has dampened interest from major users. Therefore, these shifts will significantly hinder the biofuels industry's expansion rate. New trends, trade regulations, import/export analysis, production analysis, value chain optimisation, market share, the impact of domestic and localised market players, opportunities in the form 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, geographic breakdowns, and more are all covered in this report on the biofuels market. For an Analyst Brief covering the biofuels industry, please contact Data Bridge Market Research. If you want to expand your business's customer base, our staff can guide you in the right direction.
Report Coverage
Global Biofuels research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Biofuels report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Biofuels competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Biofuels market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Biofuels market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Biofuels market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Archer Daniels Midland Company, Aceites Manuelita S.A., INEOS Group AG, Neste Corporation, Renewable Energy Group Inc., BlueFire Renewables, Cosan, Biowanze S.A., GLENCORE Magdeburg GmbH, Cargill
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Biofuels market based on the below-mentioned segments:
Global Biofuels Market, By Type
Biodiesel
Ethanol
Global Biofuels market, By Feedstock Type
First Generation
Second Generation
Third Generation
Global Biofuels market, Regional Analysis
Biofuel is an alternative fuel made from renewable resources like plants, algae, and composted animal manure. The reduction in carbon dioxide emissions is mostly attributable to its use. Biofuels can be used as a sustainable substitute for fossil fuels including gasoline, diesel, and kerosene. They have a wide range of applications, including cars, trucks, ships, and planes. The most widely used liquid biofuels today are ethanol and biodiesel. Corn and other cellulosic feedstock, like crop leftovers and wood, are used to create ethanol. Biofuels derived from algae offer an alternative to more conventional crops like corn and sugarcane. Renewable diesel can be made from a variety of resources like vegetable oils, yellow grease, leftover cooking oils, or animal fats.
The depletion of fossil fuel supplies, the growth of the global population, and the tightening of environmental regulations have all contributed to a greater need for renewable energy sources like biofuels. When compared to traditional fossil fuels, biofuels are seen as more environmentally friendly because they are made from naturally replenishing plant materials. As the need for biofuels grows, the industry is responding by investing more time and money into research and development. Rapid depletion of fossil fuel resources, rising global population, and strict environmental restrictions in response to rising demand for sustainable green energy will all contribute to the industry's expansion. Biofuels have several applications in the transportation sector, including heating operations because of their low cost and widespread availability. The worldwide biofuels market benefits tremendously from the rising demand from these industries, and this growth is expected to continue during the forecast time period.
The biofuels industry is expected to expand rapidly during the forecast period since biodiesel is an environmentally friendly alternative to fossil fuels. Biodiesel is predicted to be the most widely used biofuel due to the global transportation industry's and the world's intense push for environmentally beneficial advancements. In addition, the carbon footprint of sectors like shipping and aviation can be reduced by using advanced liquid biofuels produced from waste oil, lignocellulosic waste, and municipal waste. As a result, the global biofuels industry has experienced a higher CAGR in recent years due to these biofuel-related variables.
The biofuels market is expected to increase as a result of the substantial investment in R&D by major industry players. Market participants are engaging in a wide range of strategic activities, such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organisations, in response to the substantial industry changes such as these. Businesses in the biofuels industry that want to succeed in today's competitive and expanding market must offer competitively priced products. The leading firms in the industry are investing heavily in research and development to expand their product lines, which will further boost the biofuels market. New product launches, contracts, acquisitions, investments, and partnerships are just some of the key market changes that have prompted participants to take various strategic actions to bolster their positions in the industry. If they wish to succeed in the increasingly competitive and rising biofuels business, competitors must offer competitively priced products.
Scientists are working around the clock to produce the most effective energy source as the demand for green energy continues to rise. At the moment, biofuels are in the lead. They are also widely utilised as a substitute for traditional motor fuels. The market is expected to expand at a healthy rate over the next few years because to these factors. From 2023 to 2030, market participants will benefit from the rising demand for bio-source based energy resources, a trend encouraged by government activities linked to environmental legislation. The Eco-product Certification Scheme (E.C.S.) is one example of a new rule or regulation that has been developed by the European Commission and other federal government entities. These rules ensure minimal or nonexistent pollution and a long-term healthy environment. These rules encourage coatings manufacturers to shift their focus to bio-based fuels in order to reduce their negative impact on the environment. Modern, low-pollution coating technology will continue to receive government assistance in the United States and Western Europe due to strict air pollution rules. The fluctuating cost of inputs has a significant detrimental effect on market expansion as a whole. Biofuels' increasing cost has dampened interest from major users. Therefore, these shifts will significantly hinder the biofuels industry's expansion rate. New trends, trade regulations, import/export analysis, production analysis, value chain optimisation, market share, the impact of domestic and localised market players, opportunities in the form 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, geographic breakdowns, and more are all covered in this report on the biofuels market. For an Analyst Brief covering the biofuels industry, please contact Data Bridge Market Research. If you want to expand your business's customer base, our staff can guide you in the right direction.
Report Coverage
Global Biofuels research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Biofuels report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Biofuels competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Biofuels market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Archer Daniels Midland Company, Aceites Manuelita S.A., INEOS Group AG, Neste Corporation, Renewable Energy Group Inc., BlueFire Renewables, Cosan, Biowanze S.A., GLENCORE Magdeburg GmbH, Cargill |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Biofuels Market from 2021 to 2030.
- Market Forecast for Biofuels Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Biofuels competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Biofuels
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Biofuels market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Biofuels market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Archer Daniels Midland Company, Aceites Manuelita S.A., INEOS Group AG, Neste Corporation, Renewable Energy Group Inc., BlueFire Renewables, Cosan, Biowanze S.A., GLENCORE Magdeburg GmbH, Cargill
Primary Target Market
- Market Players of Biofuels
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Biofuels market based on the below-mentioned segments:
Global Biofuels Market, By Type
Biodiesel
Ethanol
Global Biofuels market, By Feedstock Type
First Generation
Second Generation
Third Generation
Global Biofuels market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive biofuels market market research and competitor analysis for your business to help you develop more profound insights into the biofuels market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the biofuels market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.