Global Biofuels Market, By Product (Bioethanol, Biodiesel), By Form (Solid, Liquid, Gaseous), By Fee

Published Date: | Report Code : EP1926136

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Global Biofuels Market, By Product (Bioethanol, Biodiesel), By Form (Solid, Liquid, Gaseous), By Feedstock Type (Starch-Based, Sugar-Based, Cellulose-Based, Vegetable oils, Animal Fat, Biomass, Others), By End-Users (Transportation, Electricity Generation, Industrial, Heating, Others), By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2028)

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Domain : Energy

Report Code : EP1926136

Status : Upcoming

Market Dynamic

Biofuels Market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as rising awareness among the customers about the advantages of biofuels over conventional fuels during the forecast period.The biological process of deriving sources of energy from renewable biomass is known as biofuels. The conventional sources of fuel such as coal, oil, natural gas, etc. release hazardous emissions that cause pollution, resulting in climate change and depletion of the ozone layer. Therefore, biofuels are perfect alternatives for conventional sources of energy.

The demand for liquid biofuels is more when compared to the solid as well as the gaseous biofuel. The biofuel industry has its impact on the agricultural sector too because the agricultural waste is used for making biofuels. In 2017, 36% of the total biofuel production was contributed by agricultural waste.

Other factors such as the rising price of the conventional sources of energy have also influenced the growth of biofuels. Traditionally, only road transport sectors used biofuels. But now the other sectors like aviation and marine have also started using biofuel for transportation. According to IATA, there is a target set for the global aviation industry to accomplish a carbon-neutral growth by 2020 and reduce the carbon dioxide emissions by 50% before the year 2050.

Key Factors Impacting Market Growth:

  • Increase in the number of vehicles, industries and lighting up homes
  • The rise in the concern for pollution control
  • Rising awareness among the customers about the advantages of biofuels over conventional fuels
  • Usage of biofuels in aviation and marine transport
  • Various government initiatives to use biofuels in order to control the environmental pollutions
  • Fluctuating prices of conventional sources of energy

Regional Outlook:

The regional outlook for biofuels market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for biofuels market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of biofuels market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on. 

Asia Pacific is estimated one of the fastest growing regions for biofuels market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: Abengoa Bioenergy S.A., Cargill, Incorporated, BTG International Ltd, DuPont, Wilmar International Ltd, Renewable Energy Group, Inc., POET, LLC, Archer Daniels Midland Company, VERBIO Vereinigte BioEnergie AG, My Eco Energy, China Clean Energy Inc., and CropEnergies AG…

Market Segmentation:

By Product:

  • Bioethanol
  • Biodiesel

By Form:

  • Solid
    • Biocoal
    • Biochar
    • Fuel Pellets
  • Liquid
    • Biodiesel
    • Bioethanol
  • Gaseous
    • Biogas
    • Biopropane
    • Syngas

By Feedstock Type:

  • Starch-Based
  • Sugar-Based
  • Cellulose-Based
  • Vegetable oils
  • Animal Fat
  • Biomass
  • Others

By End Users:

  • Transportation
  • Electricity Generation
  • Industrial
  • Heating
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Product
    • By Form
    • By Feedstock Type
    • By End Users
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Product
    • By Form
    • By Feedstock Type
    • By End Users
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Product
    • By Form
    • By Feedstock Type
    • By End Users
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Product
    • By Form
    • By Feedstock Type
    • By End Users
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Product
    • By Form
    • By Feedstock Type
    • By End Users
  • Rest of the World
    • By Region (South America, Africa)
    • By Product
    • By Form
    • By Feedstock Type
    • By End Users

Reasons To Buy This Report:

  • Market size estimation of the biofuel market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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