The Global Biofuels Market report includes a global opportunity analysis and industry forecast till 2032. The global market value is expected to reach USD 163.87 billion by 2022 registering a CAGR of 7.65% from 2023 to 2032. The base year considered for the study is 2021, and the forecast has been provided for the period 2023 to 2032.
New Jersey, United States:- The Global Biofuels Market report 2023-2029 Industries are expected to develop at the greatest rate of CAGR during the next seven years. Regional estimates and trend analysis of major market players will help you make your business decision. The market analysis also discusses new product developments, cost, revenue, gross margin, market size, share, and projected growth in addition to upcoming market strategies used by top competitors. The report is designed to provide a 360-degree view of the Biofuels market fully analysed report of Market Overview, Industry Development, Market Maturity, Value Chain Analysis. Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets. Company profiling with detailed strategies, financials, and recent developments.
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The Prominent Players in the Global Biofuels Market: Diester Industries,Neste Oil Rotterdam,ADM,Infinita Renovables,Biopetrol,Cargill,Ital Green Oil,Glencore,Louis Dreyfus,Renewable Energy Group,RBF Port Neches,Ag Processing,Elevance,Alpha Biofuels,Marathon Petroleum Corporation,Evergreen Bio Fuels,Minnesota Soybean Processors,Caramuru,Jinergy,Hebei Jingu Group,Longyan Zhuoyue,Shandong Jinjiang
Recent Development:
- In July 2021, Alpha Biofuels, a Singapore based company announced that it has blended its biofuel at its Tuas plant, wherein, it was converted from cooking oil that it had collected from food & beverage manufacturers. In the same month, it is also used as trial in the vessel The Frontier Jacaranda, which sailed on 93% standard fuel and 7% biofuel.
Based on Types, the Biofuels Market is segmented into:
Bioethanol
Biodiesel
Based on Application, the Biofuels Market is segmented into:
Industrial Fuels
Transportation Fuels
Chemical Industry
Biofuels Market Region Coverage (Regional Status, Demand & Trend Forecast by Countries, etc.):
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia and, Italy).
Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
North America is Expected to Dominate the Market
- The North American region houses one of the biggest aviation markets along with a well-established terrain transportation infrastructure running on primarily fossil fuels. The North American region has been at the forefront of lowering emissions to limit the greenhouse effect.
- In 2020, the North American region produced about 623 thousand barrels of oil equivalent per day of biofuels, including biogasoline and biodiesel. Ethanol’s share in the production was significantly higher than biodiesel, accounting for almost 500 thousand barrels of oil equivalent per day.
- Furthermore, in 2020 United States consumed 454 thousand barrels of oil equivalent per day, close to half of the global bio-gasoline consumption.
- The countries in the region consider policies that help in the rapid adoption of biofuels in the region. In January 2022, the US Environmental Protection Agency announced a new initiative for streamlining the review of biofuels and chemicals that can play a major role in replacing higher GHG emitting fossils fuels providing a major push to the biofuels market.
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Key Segments Covered in this Market:
– Market Forecast Analysis for 2023-2029
– Growth Drivers and Barriers, Market Trends, Market Opportunities, Porter’s Five Forces Analysis
– Biofuels Market Overview, Industry Development, Market Maturity, Value Chain Analysis
– Regional & Country Level Analysis
– Market Segment Trend and Forecast
– Biofuels Market Analysis and Various Recommendations
– Key Market Driving Factors.
This study provides in-depth quantitative assessments of the Biofuels market and makes suggestions for developing strategies to support market success and growth. Market thoroughly assesses the essential market elements while taking into account the current status of the sector, customer preferences, participant business plans, and probable future developments from a range of angles. With the industry’s continual expansion, the market is changing quickly. Technology development has given today’s firms a variety of benefits that are causing everyday economic changes. Therefore, in order to effectively plan its strategies, a corporation must understand the trends in market movement. An effective strategy gives businesses an advantage over rivals and a head start on planning.
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Customization of the Report: This report will be customized as per your needs for extra data up to 5 companies or 5 countries or nearly 40 analyst hours.
NOTE :- Biofuels Market report is based on studies on 2017-2023 and provides forecast from 2023 till 2029.
Table of Contents:
Chapter 1: Global Biofuels Market Overview
Chapter 2: Economic Impact on Industry
Chapter 3: Market Competition by Manufacturers
Chapter 4: Production, Revenue (Value) by Region
Chapter 5: Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Research Conclusions of Global Biofuels Market
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