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Advanced Biofuels Market Size is Forecasted to Hit US$ 847.54 Billion by 2030

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Canada – The advanced biofuels market was valued at 45.06 billion USD in 2021 and is forecasted to reach around US$ 847.54 billion by 2030, growing at a robust CAGR of 38.5% from 2021 to 2030. The report contains 150+ pages with detailed analysis

Advanced biofuels are fuels derived from different biomass types, including agricultural, municipal, and other waste. They are also termed as biofuels of the second generation. Advanced biofuels are produced from woody/ lignocellulosic crops with biomass, non-starch sugars, as well as the residues of the agricultural, making it more difficult to extract the fuel needed. Biofuels of the next generation are engineered to overwhelm the constraints of the maximum temperature freezing and the adverse effects of on the environment of biofuels of 1st generation including biogas, vegetable oil, bio alcohols among others are capable of supplying vast amounts of fuel sustainably, with greater environmental benefits. Liquid biofuels produced from sources like non-petroleum and can decrease carbon intensity relative to a petroleum, according to the California Air Resources Board. Certain of the dynamic factors for target market growth are the rising renewable energy market, government support, and increasing investment in second generation biofuels.

Market Estimations Y-O-Y:

  • Market Size Was Valued In 2021: US$ 45.06 Billion
  • Market Size Is Projected to Grow By 2022: US$ 62.32 Billion
  • Market Size Is Projected to Grow By 2023: US$ 86.22 Billion
  • Market Size Is Projected to Grow By 2024: US$ 119.35 Billion
  • Market Size Is Projected to Grow By 2025: US$ 165.328 Billion
  • Market Size Is Projected to Grow By 2026: US$ 228.98 Billion
  • Market Size Is Projected to Grow By 2027: US$ 317.39 Billion
  • Market Size Is Projected to Grow By 2028: US$ 440.13 Billion
  • Market Size Is Projected to Grow By 2029: US$ 610.62 Billion
  • Market Size Is Projected to Grow By 2030: US$ 847.54 Billion
  • Compound Annual Growth Rate (CAGR) from 2022 to 2030: 38.5 percent

Growth Factors:

Advanced biofuels are inexpensive and help increase the energy mix and reduce the petroleum industry’s reliance. These variables lead to fostering greater acceptance by various governments and institutions. One of the most significant reasons for moving to advanced biofuels is that they are made from locally available feedstock that can be easily generated in any environment that supports them. Not only do they reduce dependency on energy sources dependent on petroleum, but they also benefit the agricultural sector by providing a way to make their waste financially beneficial. Alternative fuels are gaining more interest because of uncertainties in global fuel markets, energy security, and the gradual rise in reducing carbon emission levels. Advanced biofuels are renewable sources of energy that dramatically reduce carbon emissions and provide commercial opportunities, leading to increased interest in their production. Increased R&D activities are gradually paving the way for the commercialization of advanced biofuels on a wide scale.

Biofuel blends are used in standard cars with little or no engine change, which encourages the use of blended fuels in vehicles. Governments across the globe are actively attempting to broaden the use of renewable energy sources, with a positive impact on the advanced biofuels industry. Via grants, tax credits, incentives, special loans, renewable energy adopters are encouraged, thereby boosting the development of the advanced biofuels industry. Some countries have set regional goals for the use of biofuels as a pure mix or as blends. In countries such as Germany and India, governments are directing the use of biodiesel and bioethanol in their public transport systems. The Renewable Energy Directive (RED) of the European Union (EU) aims to allow 10 percent of the transport system to use renewable energy by 2020. All above factors will projected to enhance the target market in the coming years.

Market Scope:

Report Highlights Details
Segments Covered Process, Advanced Biofuel Type, Raw Material
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Base Year 2021
Historic Data 2017 to 2021
Forecast Period 2022 to 2030

COVID-19 Impact:

The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The advanced biofuels report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.

Regional Analysis:

The research report deals with the industry prospects of advanced biofuel products around regions including Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa. North America will dominate the global industry due to rising demand for the cleaner burning transportation fuels in the U.S. and Canada of the North America. Presence of leading players in the region along with strategies that are implemented by the major players in the countries of North America is expected to witness substantial growth in the target industry in the near future.

Asia Pacific is likely to list the noteworthy CAGR, on account of rising awareness about the usage of advanced biofuels in emerging economies. Also, most of the key players operating in the industry are investing heavily in order to get the competitive edge in the advanced biofuels market in Asia Pacific. For instance, in 2020, The Asian Development Bank has approved a $2.5 million technical assistance in order to support advanced biofuel development in India. Further, stringent government regulations associated with the emission of GHG is among major factor expected to boost growth of the target industry in the Europe.

Key Players:

The advanced biofuels market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.

Some of the prominent players in the advanced biofuels market include:

  • GranBio
  • Inbicon A/S
  • Clariant
  • A2BE Carbon Capture, LLC.
  • Fujian Zhongde Energy Co., Ltd
  • Bangchak Petroleum Plc.
  • Algenol Biotech
  • Abengoa Bioenergy
  • DowDuPont Inc.
  • Chemtex company

Market Segmentation

By Process

  • Biochemical Process
  • Thermochemical Process

By Advanced Biofuel Type

  • Cellulosic Advanced Biofuels
  • Biodiesels
  • Biogas
  • Biobutanol
  • Others

By Raw Material

  • Lignocellulose
  • Jatropha
  • Camelina
  • Algae
  • Others

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

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TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Advanced Biofuels Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Advanced Biofuels Market

5.1. Covid-19: Advanced Biofuels Industry Impact
5.2. Advanced Biofuels Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Advanced Biofuels Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Advanced Biofuels Market Players to deal with Covid-19 Pandemic Scenario

Chapter 6. Advanced Biofuels Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Limited availability of fossil fuel-based resources
6.1.1.2. Growing awareness regarding curbing carbon emissions
6.1.1.3. Favorable government policies in leading countries
6.1.2. Market Restraints
6.1.2.1. High production cost of advanced biofuels
6.1.3. Market Opportunities
6.1.3.1. Algae biofuels is attracting investments for innovative algae-biofuel processing techniques

Chapter 7. Global Advanced Biofuels Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Advanced Biofuels Market Revenue by Market Players (2017 – 2020)
7.1.1.2. Advanced Biofuels Market Revenue Market Share by Market Players (2017 – 2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Process Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users

Chapter 8. Global Advanced Biofuels Market, By Process

8.1. Advanced Biofuels Market, by Process, 2017-2030
8.1.1. Biochemical Process
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Thermochemical Process
8.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Advanced Biofuels Market, By Advanced Biofuel Type

9.1. Advanced Biofuels Market, by Advanced Biofuel Type, 2017-2030
9.1.1. Cellulosic Advanced Biofuels
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Biodiesels
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Biogas
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Biobutanol
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Advanced Biofuels Market, By Raw Material

10.1. Advanced Biofuels Market, by Raw Material, 2017-2030
10.1.1. Lignocellulose
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Jatropha
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Camelina
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Algae
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Others
10.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Advanced Biofuels Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue Forecast by Process(2017-2030)
11.1.2. Market Revenue Forecast by Advanced Biofuel Type (2017-2030)
11.1.3. Market Revenue Forecast by Raw Material (2017-2030)
11.1.4. U.S
11.1.4.1. Market Revenue Forecast (2017-2030)
11.1.5. Canada
11.1.5.1. Market Revenue Forecast (2017-2030)
11.2. Europe
11.2.1. Market Revenue Forecast by Process (2017-2030)
11.2.2. Market Revenue Forecast by Advanced Biofuel Type (2017-2030)
11.2.3. Market Revenue Forecast by Raw Material (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue Forecast (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue Forecast (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue Forecast (2017-2030)
11.2.7. Rest of EU
11.2.7.1. Market Revenue Forecast (2017-2030)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue Forecast by Process (2017-2030)
11.3.2. Market Revenue Forecast by Advanced Biofuel Type (2017-2030)
11.3.3. Market Revenue Forecast by Raw Material (2017-2030)
11.3.4. China
11.3.4.1. Market Revenue Forecast (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue Forecast (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue Forecast (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue Forecast (2017-2030)
11.4. LATAM
11.4.1. Market Revenue Forecast by Process (2017-2030)
11.4.2. Market Revenue Forecast by Advanced Biofuel Type (2017-2030)
11.4.3. Market Revenue Forecast by Raw Material (2017-2030)
11.4.4. Brazil
11.4.4.1. Market Revenue Forecast (2017-2030)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue Forecast (2017-2030)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue Forecast by Process (2017-2030)
11.5.2. Market Revenue Forecast by Advanced Biofuel Type (2017-2030)
11.5.3. Market Revenue Forecast by Raw Material (2017-2030)
11.5.4. GCC
11.5.4.1. Market Revenue Forecast (2017-2030)
11.5.5. North Africa
11.5.5.1. Market Revenue Forecast (2017-2030)
11.5.6. South Africa
11.5.6.1. Market Revenue Forecast (2017-2030)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue Forecast (2017-2030)

Chapter 12. Company Profiles

12.1. GranBio
12.1.1. Company Overview, Business Information, Regional Presence
12.1.2. Product Portfolio Analysis
12.1.2.1. Product Details, Specification, Advanced Biofuel Type
12.1.3. Revenue, Price, and Gross Margin (2017-2020)
12.1.4. Recent Developments and Strategies
12.2. Inbicon A/S
12.2.1. Company Overview, Business Information, Regional Presence
12.2.2. Product Portfolio Analysis
12.2.2.1. Product Details, Specification, Advanced Biofuel Type
12.2.3. Revenue, Price, and Gross Margin (2017-2020)
12.2.4. Recent Developments and Strategies
12.3. Clariant
12.3.1. Company Overview, Business Information, Regional Presence
12.3.2. Product Portfolio Analysis
12.3.2.1. Product Details, Specification, Advanced Biofuel Type
12.3.3. Revenue, Price, and Gross Margin (2017-2020)
12.3.4. Recent Developments and Strategies
12.4. A2BE Carbon Capture, LLC.
12.4.1. Company Overview, Business Information, Regional Presence
12.4.2. Product Portfolio Analysis
12.4.2.1. Product Details, Specification, Advanced Biofuel Type
12.4.3. Revenue, Price, and Gross Margin (2017-2020)
12.4.4. Recent Developments and Strategies
12.5. Fujian Zhongde Energy Co., Ltd
12.5.1. Company Overview, Business Information, Regional Presence
12.5.2. Product Portfolio Analysis
12.5.2.1. Product Details, Specification, Advanced Biofuel Type
12.5.3. Revenue, Price, and Gross Margin (2017-2020)
12.5.4. Recent Developments and Strategies
12.6. Bangchak Petroleum Plc.
12.6.1. Company Overview, Business Information, Regional Presence
12.6.2. Product Portfolio Analysis
12.6.2.1. Product Details, Specification, Advanced Biofuel Type
12.6.3. Revenue, Price, and Gross Margin (2017-2020)
12.7. Recent Developments and Strategies
12.7.1. Company Overview, Business Information, Regional Presence
12.7.2. Product Portfolio Analysis
12.7.2.1. Product Details, Specification, Advanced Biofuel Type
12.7.3. Revenue, Price, and Gross Margin (2017-2020)
12.7.4. Recent Developments and Strategies
12.8. Algenol Biotech
12.8.1. Company Overview, Business Information, Regional Presence
12.8.2. Product Portfolio Analysis
12.8.2.1. Product Details, Specification, Advanced Biofuel Type
12.8.3. Revenue, Price, and Gross Margin (2017-2020)
12.8.4. Recent Developments and Strategies
12.9. Abengoa Bioenergy
12.9.1. Company Overview, Business Information, Regional Presence
12.9.2. Product Portfolio Analysis
12.9.2.1. Product Details, Specification, Advanced Biofuel Type
12.9.3. Revenue, Price, and Gross Margin (2017-2020)
12.9.4. Recent Developments and Strategies
12.10. DowDuPont Inc.
12.10.1. Company Overview, Business Information, Regional Presence
12.10.2. Product Portfolio Analysis
12.10.2.1. Product Details, Specification, Advanced Biofuel Type
12.10.3. Revenue, Price, and Gross Margin (2017-2020)
12.10.4. Recent Developments and Strategies
12.11. Chemtex company
12.11.1. Company Overview, Business Information, Regional Presence
12.11.2. Product Portfolio Analysis
12.11.2.1. Product Details, Specification, Advanced Biofuel Type
12.11.3. Revenue, Price, and Gross Margin (2017-2020)
12.11.4. Recent Developments and Strategies

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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