October 22, 2021
Biofuel

Biofuels Market Revenue to Hit US$ 307.01 Billion by 2030

The global biofuels market value is expected to reach US$ 307.01 Billion by the end of 2030, decelerating at a CAGR of 8.3% from 2021 to 2030. The report contains 150+ pages with detailed analysis. Growing demand as environment-friendly fuel in road transportation, Rising awareness about use of renewables and rising focus on lowering greenhouse gas emission are major growth driver of biofuels market.

The study provides the overall revenue of the global biofuels market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The global biofuels market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the biofuels industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Growth Factors:

Growing demand for biofuel as environment-friendly fuel in the road transportation is major factor driving growth of the global biofuels market. This is mainly attributed to copious availability of bioethanol, biodiesel in significant regions across the globe. According to data published by the International Energy Agency, worldwide share of biofuel in the total transport fuel would raise up to 27% by 2050. Most of the developed as well as emerging economies worldwide are focusing on the production of biofuels in order to lessen dependability on fossil fuels is another factor which is expected to augment growth of the target industry over the forecast period 2021-2030. For instance, as per the data published in 2018 by Renewable Energy Directive, the complete European Union board for renewable energy sources feasting by 2030 has been elevated up to 32%.

Moreover, the benefits or advantages offered by the biofuels including least impact on the environment due to its clean and harmless nature, abundant availability with mandates are anticipated to propel growth of the global biofuel industry in the near future especially in the developing economies. Furthermore, energy sources among individuals worldwide, along with increasing government support for the production and research activities of biofuels across the globe are among major factors to fuel growth of the target industry in the next few years. Additionally, changing lifestyle and increasing focus on using high percentage biofuel blends are propelling in the global industry growth.

Report Highlights:

  • Ethanol segment dominated the overall market in 2020.The growth is attributed to growing use of ethanol as environment-friendly fuel in the automotive applications in order to lessen the global greenhouse gas emission.
  • The biodiesel fuel type segment is expected to grow at a significant CAGR during the forecast time-frame.
  • Among the feedstock type, vegetable oil segment accounted for the largest revenue with significant share in 2020. As the vegetable oil is contains low amount of saturated fats which helps in easy processing and reducing manufacturing costs.
  • Sugar crop are expected to grow at a momentous CAGR during the forecast time-frame.
  • DowDuPont, Inc. accounted for a significant share of the global biofuels market.

Growth Factors:

Growing demand for biofuel as environment-friendly fuel in the road transportation is major factor driving growth of the global biofuels market. This is mainly attributed to copious availability of bioethanol, biodiesel in significant regions across the globe. According to data published by the International Energy Agency, worldwide share of biofuel in the total transport fuel would raise up to 27% by 2050. Most of the developed as well as emerging economies worldwide are focusing on the production of biofuels in order to lessen dependability on fossil fuels is another factor which is expected to augment growth of the target industry over the forecast period 2021-2030. For instance, as per the data published in 2018 by Renewable Energy Directive, the complete European Union board for renewable energy sources feasting by 2030 has been elevated up to 32%.

Moreover, the benefits or advantages offered by the biofuels including least impact on the environment due to its clean and harmless nature, abundant availability with mandates are anticipated to propel growth of the global biofuel industry in the near future especially in the developing economies. Furthermore, energy sources among individuals worldwide, along with increasing government support for the production and research activities of biofuels across the globe are among major factors to fuel growth of the target industry in the next few years. Additionally, changing lifestyle and increasing focus on using high percentage biofuel blends are propelling in the global industry growth.

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Report Highlights:

  • Ethanol segment dominated the overall market in 2020.The growth is attributed to growing use of ethanol as environment-friendly fuel in the automotive applications in order to lessen the global greenhouse gas emission.
  • The biodiesel fuel type segment is expected to grow at a significant CAGR during the forecast time-frame.
  • Among the feedstock type, vegetable oil segment accounted for the largest revenue with significant share in 2020. As the vegetable oil is contains low amount of saturated fats which helps in easy processing and reducing manufacturing costs.
  • Sugar crop are expected to grow at a momentous CAGR during the forecast time-frame.
  • DowDuPont, Inc. accounted for a significant share of the global biofuels market.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global biofuels market are as follows:

  • BTG International Ltd
  • Renewable Energy Group, Inc.
  • Abengoa Bioenergy S.A.
  • Cargill
  • DowDuPont, Inc.
  • Wilmar International Ltd
  • POET, LLC
  • Archer Daniels Midland Company
  • VERBIO Vereinigte BioEnergie AG
  • My Eco Energy
  • China Clean Energy Inc.

Market Segmentation

By Fuel Type

  • Biodiesel
  • Ethanol

By Feedstock

  • Coarse Grain
  • Sugar Crop
  • Vegetable Oil
  • Jatropha
  • Molasses

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)

Some of the key highlights covered in the report include:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global biofuels market. It examines trends and factors influencing demand for biofuels globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents an exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for biofuels across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on biofuels. The report offers an estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global biofuels market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for biofuels are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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. Biofuels Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Biofuels Market

5.1. Covid-19: Biofuels Industry Impact
5.2. Biofuels Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and 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 Biofuels Market Players to deal with Covid-19 Pandemic Scenario

Chapter 6. Biofuels Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Growing demand as environment-friendly fuel in road transportation
6.1.1.2. Abundant availability of bioethanol blends and its extended use
6.1.2. Market Restraints
6.1.2.1. Uncertain feed stock prices and yield
6.1.3. Market Opportunities
6.1.3.1. Emergence of new feedstocks

Chapter 7. Global Biofuels Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Biofuels Market Revenue by Market Players (2016 -2019)
7.1.1.2. Biofuels Market Revenue Market Share by Market Players (2016 -2019)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Fuel Type 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 Biofuels Market, By Fuel Type

8.1. Biofuels Market, by Fuel Type, 2016-2027
8.1.1. Biodiesel
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Ethanol
8.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Biofuels Market, By Feedstock

9.1. Biofuels Market, by Feedstock, 2016-2027
9.1.1. Coarse Grain
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Sugar Crop
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Vegetable Oil
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Jatropha
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.5. Molasses
9.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Biofuels Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue Forecast by Fuel Type(2016-2027)
10.1.2. Market Revenue Forecast by Feedstock (2016-2027)
10.1.3. U.S
10.1.3.1. Market Revenue Forecast (2016-2027)
10.1.4. Canada
10.1.4.1. Market Revenue Forecast (2016-2027)
10.2. Europe
10.2.1. Market Revenue Forecast by Fuel Type (2016-2027)
10.2.2. Market Revenue Forecast by Feedstock (2016-2027)
10.2.3. UK
10.2.3.1. Market Revenue Forecast (2016-2027)
10.2.4. Germany
10.2.4.1. Market Revenue Forecast (2016-2027)
10.2.5. France
10.2.5.1. Market Revenue Forecast (2016-2027)
10.2.6. Rest of EU
10.2.6.1. Market Revenue Forecast (2016-2027)
10.3. Asia Pacific (APAC)
10.3.1. Market Revenue Forecast by Fuel Type (2016-2027)
10.3.2. Market Revenue Forecast by Feedstock (2016-2027)
10.3.3. China
10.3.3.1. Market Revenue Forecast (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue Forecast (2016-2027)
10.3.5. Japan
10.3.5.1. Market Revenue Forecast (2016-2027)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue Forecast (2016-2027)
10.4. LATAM
10.4.1. Market Revenue Forecast by Fuel Type (2016-2027)
10.4.2. Market Revenue Forecast by Feedstock (2016-2027)
10.4.3. Brazil
10.4.3.1. Market Revenue Forecast (2016-2027)
10.4.4. Rest of LATAM
10.4.4.1. Market Revenue Forecast (2016-2027)
10.5. Middle East and Africa (MEA)
10.5.1. Market Revenue Forecast by Fuel Type (2016-2027)
10.5.2. Market Revenue Forecast by Feedstock (2016-2027)
10.5.3. GCC
10.5.3.1. Market Revenue Forecast (2016-2027)
10.5.4. North Africa
10.5.4.1. Market Revenue Forecast (2016-2027)
10.5.5. South Africa
10.5.5.1. Market Revenue Forecast (2016-2027)
10.5.6. Rest of MEA
10.5.6.1. Market Revenue Forecast (2016-2027)

Chapter 11. Company Profiles

11.1. Abengoa Bioenergy S.A.
11.1.1. Company Overview, Business Information, Regional Presence
11.1.2. Product Portfolio Analysis
11.1.2.1. Product Details, Specification, Feedstock
11.1.3. Revenue, Price, and Gross Margin (2015-2020)
11.1.4. Recent Developments and Strategies
11.2. Cargill
11.2.1. Company Overview, Business Information, Regional Presence
11.2.2. Product Portfolio Analysis
11.2.2.1. Product Details, Specification, Feedstock
11.2.3. Revenue, Price, and Gross Margin (2015-2020)
11.2.4. Recent Developments and Strategies
11.3. DowDuPont, Inc.
11.3.1. Company Overview, Business Information, Regional Presence
11.3.2. Product Portfolio Analysis
11.3.2.1. Product Details, Specification, Feedstock
11.3.3. Revenue, Price, and Gross Margin (2015-2020)
11.3.4. Recent Developments and Strategies
11.4. BTG International Ltd.
11.4.1. Company Overview, Business Information, Regional Presence
11.4.2. Product Portfolio Analysis
11.4.2.1. Product Details, Specification, Feedstock
11.4.3. Revenue, Price, and Gross Margin (2015-2020)
11.4.4. Recent Developments and Strategies
11.5. Renewable Energy Group, Inc.
11.5.1. Company Overview, Business Information, Regional Presence
11.5.2. Product Portfolio Analysis
11.5.2.1. Product Details, Specification, Feedstock
11.5.3. Revenue, Price, and Gross Margin (2015-2020)
11.5.4. Recent Developments and Strategies
11.6. Wilmar International Ltd
11.6.1. Company Overview, Business Information, Regional Presence
11.6.2. Product Portfolio Analysis
11.6.2.1. Product Details, Specification, Feedstock
11.6.3. Revenue, Price, and Gross Margin (2015-2020)
11.6.4. Recent Developments and Strategies
11.7. POET, LLC
11.7.1. Company Overview, Business Information, Regional Presence
11.7.2. Product Portfolio Analysis
11.7.2.1. Product Details, Specification, Feedstock
11.7.3. Revenue, Price, and Gross Margin (2015-2020)
11.7.4. Recent Developments and Strategies
11.8. Archer Daniels Midland Company
11.8.1. Company Overview, Business Information, Regional Presence
11.8.2. Product Portfolio Analysis
11.8.2.1. Product Details, Specification, Feedstock
11.8.3. Revenue, Price, and Gross Margin (2015-2020)
11.8.4. Recent Developments and Strategies
11.9. VERBIO VereinigteBioEnergie AG
11.9.1. Company Overview, Business Information, Regional Presence
11.9.2. Product Portfolio Analysis
11.9.2.1. Product Details, Specification, Feedstock
11.9.3. Revenue, Price, and Gross Margin (2015-2020)
11.9.4. Recent Developments and Strategies
11.10. My Eco Energy
11.10.1. Company Overview, Business Information, Regional Presence
11.10.2. Product Portfolio Analysis
11.10.2.1. Product Details, Specification, Feedstock
11.10.3. Revenue, Price, and Gross Margin (2015-2020)
11.10.4. Recent Developments and Strategies
11.11. China Clean Energy Inc.
11.11.1. Company Overview, Business Information, Regional Presence
11.11.2. Product Portfolio Analysis
11.11.2.1. Product Details, Specification, Feedstock
11.11.3. Revenue, Price, and Gross Margin (2015-2020)
11.11.4. Recent Developments and Strategies

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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