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Liquid Biofuel Market Growth at a CAGR of 11% from 2021 to 2030

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The Liquid Biofuel market is projected to reach US$ 300 Bn by 2030. And registering a CAGR of around 11% over the forecast period 2021 – 2030.

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Biofuels can play an important role in reducing carbon dioxide emissions. Liquid biofuels can be used as alternative fuels for all types of internal combustion engines running on gasoline, diesel, or kerosene. They can be used in passenger vehicles, trucks, ships, and airplanes. Currently, ethanol and biodiesel are the two common types of liquid biofuels.

Biodiesel is made from vegetable oils, animal fats, or greases such as recycled restaurant grease, while ethanol is obtained from natural sources such as sugarcane, maize, and corn .

Some of the major factors that are projected to drive the liquid biofuel market during the assessment period include mounting environmental problems, fast-paced depletion of natural resources, regulatory policies pertaining to the use of biofuels in different countries, and low environmental footprint of liquid biofuel applications. Companies involved in the current market landscape should focus on research and explore the potential of different feedstock to develop liquid biofuels to enhance their market presence.

Key Drivers and Restraints

Increasing demand for alternative fuels from the transportation sector is a major factor driving the global liquid biofuel market. Liquid biofuels are largely used as substitutes for petroleum-based fuels and they are considered useful to improve fuel security; to mitigate climate change; and to support infrastructure development. In order to achieve compliance with emission targets set by various governments to slow down global warming and to improve security of energy supply, an increased contribution of both conventional and advanced biofuels would be required during the forecast period.

Supply security and risk abatement of conventional oil is another major factor positively influencing the global liquid biofuel market. Crude oil reserves are mostly concentrated in countries of Middle East & Africa and North America. However, with the rising demand in industrialized nations as well as in developing countries such as China and India, supply pressure on these reserves increases. This can become a basis for conflicts between oil-producing nations aiming to secure the remaining reserves for themselves in the near future. In this situation, diversification of energy sources is an option for risk abatement. Liquid biofuel production can reduce the dependency on conventional fuels for transportation, cooking, and other conventional uses.

High retrofit costs is a major factor hampering the global liquid biofuel market. Replacement of existing diesel engines and systems powered by conventional fossil fuels with biofuel systems can be a cost-intensive process, as the entire or partial upgrade is required to be carried out without affecting the operational hours.

Report Highlights

Among types, the ethanol segment accounted for a major share of the global liquid biofuel market in 2020. Ethanol is a biofuel with high octane number, which is produced by fermentation of corn, potatoes, grain, sugar beet, sugarcane, and vegetable residues. The U.S. and Brazil are leading producers of ethanol across the globe. Both countries collectively accounted about 84% share of the world’s ethanol production in 2020.

Based on feedstock, the global liquid biofuel market can be segmented into sugar crops, starch crops, vegetable oils, animal fats, and others. The starch crops segment constituted major share of the global liquid biofuel market in 2020. Starch-based feedstock includes grains such as corn or wheat; and tubers such as potatoes and cassava. Starch crop is the primary feedstock for ethanol production. Most of the ethanol in North America is produced from corn, which is one of the lower-yield feedstock. Corn produces about 400 gallons of ethanol per acre. The U.S. Government subsidizes the production of corn. Therefore, many countries across the globe find it cheaper to import corn from the U.S.

In terms of process, the fermentation segment held a major share of the global liquid biofuel market in 2020. Fermentation is a process largely used for production of ethanol.

Based on application, the transportation segment accounted for a leading share of the global liquid biofuel market in 2020. Stringent government regulations regarding carbon emissions across the globe are boosting the demand for alternative fuels.

North America dominated the global liquid biofuel market in 2020. The liquid biofuel market in the region is likely to expand at a significant pace during the forecast period, due to supportive government regulations. Under the Energy Independence and Security Act of 2007, the Renewable Fuel Standard mandates that 36 billion gallons per year (bg/y) of biofuels needs to be produced by 2022. North America produced around 42% of the global ethanol production in 2020.

In terms of revenue, Europe held vital share of the global liquid biofuel market in 2020. Implementation of stringent government regulations regarding the renewable energy targets is driving the liquid biofuel market in the region. Europe is the largest biodiesel producer and consumer in the world. The region produces around 35% of the global biodiesel production. Germany dominated the liquid biofuel market in Europe. The country is the largest producer of biodiesel in the region. It produced 3,100 million liters of biodiesel in 2020.

In terms of production, Latin America was the second-largest region of the global liquid biofuel market in 2020. The region produced 43 billion liters of liquid biofuel in 2020. Brazil is the major country of the liquid biofuel market in Latin America.

Middle East & Africa held minimal share of the global liquid biofuel market in 2020.

Key Players

Key players operating in the global liquid biofuel market are Fulcrum BioEnergy, Archer Daniels Midland Company, RB FUELS, POET, LLC, Cargill, Incorporated, Bangchak Corporation Public Company Limited, Renewable Energy Group, Inc., Bunge, Green Biologics Limited, CropEnergies AG, Algenol, Emami Agrotech Limited, Eniven Group, World Energy Alternatives LLC, and Bio-Oils Energy.

Report Highlights Details
Market Size US$ 300 billion by 2030
Growth Rate CAGR of 11% From 2021 to 2030
Base year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Type, Feedstock, Process, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Fulcrum BioEnergy, Archer Daniels Midland Company, RB FUELS, POET, LLC, Cargill, Incorporated, Bangchak Corporation Public Company Limited, Renewable Energy Group, Inc., Bunge

Market Segmentation

Liquid Biofuel Market, by Type

  • Ethanol
  • Biodiesel

Liquid Biofuel Market, by Feedstock

  • Sugar Crops
  • Starch Crops
  • Vegetable Oils
  • Animal Fats
  • Others

Liquid Biofuel Market, by Process

  • Fermentation
  • Transesterification
  • Others

Liquid Biofuel Market, by Application

  • Transportation
  • Power Generation
  • Heat

Liquid Biofuel Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K
    • France
    • Netherlands
    • Spain
    • Poland
    • Belgium
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Thailand
    • Indonesia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • South Africa
    • Rest of Middle East & Africa

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Research Methodology

The research methodology adopted by analysts for compiling the global liquid biofuel market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global liquid biofuel market.

Table of Contents

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.   Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.     Raw Material Procurement Analysis

4.3.2.     Sales and Distribution Channel Analysis

4.3.3.     Downstream Buyer Analysis

Chapter 5.   Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.     Market Drivers

5.1.2.     Market Restraints

5.1.3.     Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.     Bargaining power of suppliers

5.2.2.     Bargaining power of buyers

5.2.3.     Threat of substitute

5.2.4.     Threat of new entrants

5.2.5.     Degree of competition

Chapter 6.   Competitive Landscape

6.1.1.     Company Market Share/Positioning Analysis

6.1.2.     Key Strategies Adopted by Players

6.1.3.     Vendor Landscape

6.1.3.1.          List of Suppliers

6.1.3.2.          List of Buyers

Chapter 7.   Global Liquid Biofuel Market, By Type

7.1.  Liquid Biofuel Market, by Type, 2020-2027

7.1.1.     Ethanol

7.1.1.1.          Market Revenue and Forecast (2016-2027)

7.1.2.     Biodiesel

7.1.2.1.          Market Revenue and Forecast (2016-2027)

Chapter 8.   Global Liquid Biofuel Market, By Feedstock

8.1.  Liquid Biofuel Market, by Feedstock, 2020-2027

8.1.1.     Sugar Crops

8.1.1.1.          Market Revenue and Forecast (2016-2027)

8.1.2.     Starch Crops

8.1.2.1.          Market Revenue and Forecast (2016-2027)

8.1.3.     Vegetable Oils

8.1.3.1.          Market Revenue and Forecast (2016-2027)

8.1.4.     Animal Fats

8.1.4.1.          Market Revenue and Forecast (2016-2027)

Chapter 9.   Global Liquid Biofuel Market, By Process

9.1.  Liquid Biofuel Market, by Process, 2020-2027

9.1.1.     Fermentation

9.1.1.1.          Market Revenue and Forecast (2016-2027)

9.1.2.     Transesterification

9.1.2.1.          Market Revenue and Forecast (2016-2027)

9.1.3.     Others

9.1.3.1.          Market Revenue and Forecast (2016-2027)

Chapter 10.       Global Liquid Biofuel Market, By Application

10.1.         Liquid Biofuel Market, by Application, 2020-2027

10.1.1.  Transportation

10.1.1.1.       Market Revenue and Forecast (2016-2027)

10.1.2.  Power Generation

10.1.2.1.       Market Revenue and Forecast (2016-2027)

10.1.3.  Heat

10.1.3.1.       Market Revenue and Forecast (2016-2027)

Chapter 11.       Global Liquid Biofuel Market, Regional Estimates and Trend Forecast

11.1.         North America

11.1.1.  Market Revenue and Forecast, by Type (2016-2027)

11.1.2.  Market Revenue and Forecast, by Feedstock (2016-2027)

11.1.3.  Market Revenue and Forecast, by Process (2016-2027)

11.1.4.  Market Revenue and Forecast, by Application (2016-2027)

11.1.5.  U.S.

11.1.5.1.       Market Revenue and Forecast, by Type (2016-2027)

11.1.5.2.       Market Revenue and Forecast, by Feedstock (2016-2027)

11.1.5.3.       Market Revenue and Forecast, by Process (2016-2027)

11.1.5.4.       Market Revenue and Forecast, by Application (2016-2027)

11.1.6.  Rest of North America

11.1.6.1.       Market Revenue and Forecast, by Type (2016-2027)

11.1.6.2.       Market Revenue and Forecast, by Feedstock (2016-2027)

11.1.6.3.       Market Revenue and Forecast, by Process (2016-2027)

11.1.6.4.       Market Revenue and Forecast, by Application (2016-2027)

11.2.         Europe

11.2.1.  Market Revenue and Forecast, by Type (2016-2027)

11.2.2.  Market Revenue and Forecast, by Feedstock (2016-2027)

11.2.3.  Market Revenue and Forecast, by Process (2016-2027)

11.2.4.  Market Revenue and Forecast, by Application (2016-2027)

11.2.5.  UK

11.2.5.1.       Market Revenue and Forecast, by Type (2016-2027)

11.2.5.2.       Market Revenue and Forecast, by Feedstock (2016-2027)

11.2.5.3.       Market Revenue and Forecast, by Process (2016-2027)

11.2.5.4.       Market Revenue and Forecast, by Application (2016-2027)

11.2.6.  Germany

11.2.6.1.       Market Revenue and Forecast, by Type (2016-2027)

11.2.6.2.       Market Revenue and Forecast, by Feedstock (2016-2027)

11.2.6.3.       Market Revenue and Forecast, by Process (2016-2027)

11.2.6.4.       Market Revenue and Forecast, by Application (2016-2027)

11.2.7.  France

11.2.7.1.       Market Revenue and Forecast, by Type (2016-2027)

11.2.7.2.       Market Revenue and Forecast, by Feedstock (2016-2027)

11.2.7.3.       Market Revenue and Forecast, by Process (2016-2027)

11.2.7.4.       Market Revenue and Forecast, by Application (2016-2027)

11.2.8.  Rest of Europe

11.2.8.1.       Market Revenue and Forecast, by Type (2016-2027)

11.2.8.2.       Market Revenue and Forecast, by Feedstock (2016-2027)

11.2.8.3.       Market Revenue and Forecast, by Process (2016-2027)

11.2.8.4.       Market Revenue and Forecast, by Application (2016-2027)

11.3.         APAC

11.3.1.  Market Revenue and Forecast, by Type (2016-2027)

11.3.2.  Market Revenue and Forecast, by Feedstock (2016-2027)

11.3.3.  Market Revenue and Forecast, by Process (2016-2027)

11.3.4.  Market Revenue and Forecast, by Application (2016-2027)

11.3.5.  India

11.3.5.1.       Market Revenue and Forecast, by Type (2016-2027)

11.3.5.2.       Market Revenue and Forecast, by Feedstock (2016-2027)

11.3.5.3.       Market Revenue and Forecast, by Process (2016-2027)

11.3.5.4.       Market Revenue and Forecast, by Application (2016-2027)

11.3.6.  China

11.3.6.1.       Market Revenue and Forecast, by Type (2016-2027)

11.3.6.2.       Market Revenue and Forecast, by Feedstock (2016-2027)

11.3.6.3.       Market Revenue and Forecast, by Process (2016-2027)

11.3.6.4.       Market Revenue and Forecast, by Application (2016-2027)

11.3.7.  Japan

11.3.7.1.       Market Revenue and Forecast, by Type (2016-2027)

11.3.7.2.       Market Revenue and Forecast, by Feedstock (2016-2027)

11.3.7.3.       Market Revenue and Forecast, by Process (2016-2027)

11.3.7.4.       Market Revenue and Forecast, by Application (2016-2027)

11.3.8.  Rest of APAC

11.3.8.1.       Market Revenue and Forecast, by Type (2016-2027)

11.3.8.2.       Market Revenue and Forecast, by Feedstock (2016-2027)

11.3.8.3.       Market Revenue and Forecast, by Process (2016-2027)

11.3.8.4.       Market Revenue and Forecast, by Application (2016-2027)

11.4.         MEA

11.4.1.  Market Revenue and Forecast, by Type (2016-2027)

11.4.2.  Market Revenue and Forecast, by Feedstock (2016-2027)

11.4.3.  Market Revenue and Forecast, by Process (2016-2027)

11.4.4.  Market Revenue and Forecast, by Application (2016-2027)

11.4.5.  GCC

11.4.5.1.       Market Revenue and Forecast, by Type (2016-2027)

11.4.5.2.       Market Revenue and Forecast, by Feedstock (2016-2027)

11.4.5.3.       Market Revenue and Forecast, by Process (2016-2027)

11.4.5.4.       Market Revenue and Forecast, by Application (2016-2027)

11.4.6.  North Africa

11.4.6.1.       Market Revenue and Forecast, by Type (2016-2027)

11.4.6.2.       Market Revenue and Forecast, by Feedstock (2016-2027)

11.4.6.3.       Market Revenue and Forecast, by Process (2016-2027)

11.4.6.4.       Market Revenue and Forecast, by Application (2016-2027)

11.4.7.  South Africa

11.4.7.1.       Market Revenue and Forecast, by Type (2016-2027)

11.4.7.2.       Market Revenue and Forecast, by Feedstock (2016-2027)

11.4.7.3.       Market Revenue and Forecast, by Process (2016-2027)

11.4.7.4.       Market Revenue and Forecast, by Application (2016-2027)

11.4.8.  Rest of MEA

11.4.8.1.       Market Revenue and Forecast, by Type (2016-2027)

11.4.8.2.       Market Revenue and Forecast, by Feedstock (2016-2027)

11.4.8.3.       Market Revenue and Forecast, by Process (2016-2027)

11.4.8.4.       Market Revenue and Forecast, by Application (2016-2027)

11.5.         Latin America

11.5.1.  Market Revenue and Forecast, by Type (2016-2027)

11.5.2.  Market Revenue and Forecast, by Feedstock (2016-2027)

11.5.3.  Market Revenue and Forecast, by Process (2016-2027)

11.5.4.  Market Revenue and Forecast, by Application (2016-2027)

11.5.5.  Brazil

11.5.5.1.       Market Revenue and Forecast, by Type (2016-2027)

11.5.5.2.       Market Revenue and Forecast, by Feedstock (2016-2027)

11.5.5.3.       Market Revenue and Forecast, by Process (2016-2027)

11.5.5.4.       Market Revenue and Forecast, by Application (2016-2027)

11.5.6.  Rest of LATAM

11.5.6.1.       Market Revenue and Forecast, by Type (2016-2027)

11.5.6.2.       Market Revenue and Forecast, by Feedstock (2016-2027)

11.5.6.3.       Market Revenue and Forecast, by Process (2016-2027)

11.5.6.4.       Market Revenue and Forecast, by Application (2016-2027)

Chapter 12.  Company Profiles

12.1.                 Fulcrum BioEnergy

12.1.1.  Company Overview

12.1.2.  Product Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

12.2.                 Archer Daniels Midland Company

12.2.1.  Company Overview

12.2.2.  Product Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.                 RB FUELS

12.3.1.  Company Overview

12.3.2.  Product Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.                 POET

12.4.1.  Company Overview

12.4.2.  Product Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.                 LLC

12.5.1.  Company Overview

12.5.2.  Product Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.                 Cargill

12.6.1.  Company Overview

12.6.2.  Product Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

12.7.                 Incorporated

12.7.1.  Company Overview

12.7.2.  Product Offerings

12.7.3.  Financial Performance

12.7.4.  Recent Initiatives

12.8.                 Bangchak Corporation Public Company Limited

12.8.1.  Company Overview

12.8.2.  Product Offerings

12.8.3.  Financial Performance

12.8.4.  Recent Initiatives

12.9.                 Renewable Energy Group, Inc.

12.9.1.  Company Overview

12.9.2.  Product Offerings

12.9.3.  Financial Performance

12.9.4.  Recent Initiatives

12.10.             Bunge

12.10.1.                  Company Overview

12.10.2.                  Product Offerings

12.10.3.                  Financial Performance

12.10.4.                  Recent Initiatives

12.11.             Green Biologics Limited

12.11.1.                  Company Overview

12.11.2.                  Product Offerings

12.11.3.                  Financial Performance

12.11.4.                  Recent Initiatives

Chapter 13.  Research Methodology

13.1.                 Primary Research

13.2.                 Secondary Research

13.3.                 Assumptions

Chapter 14.  Appendix

14.1.                 About Us

14.2.                 Glossary of Terms

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