Growing environmental awareness and increasing government supportive policies and initiatives regarding the adoption of biofuels are driving the demand of the market.
The global Biofuels Market is expected to reach USD 247.38 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed to the growing environmental awareness among consumers and increasing government supportive policies and initiatives regarding the adoption of biofuels to reduce the emission levels of carbon dioxide in the environment.
The research study presents an industry-wide summary of the Biofuels market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The Biofuels report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.
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Key Highlights From The Report
- Ethanol dominated the market with a share of 61.5% in 2019 due to its higher efficiencies and lower emission levels of carbon dioxide.
- The huge demand for corn for the production of biofuels is mainly due to its larger availability and lower price. Excessive usage of corn all across the world is leading to the scarcity of the food products made from corn.
- The increasing demand for liquid biofuel is mainly due to its growing usage in the transportation sector, mostly the aviation segment.
- North America dominated the market with a share of 48.6% in 2019, owing to the presence of a substantial amount of feedstock. Besides, the U.S. is one of the leading producers of biofuels and is also utilizing it in the transportation sector.
- Key participants include Archer Daniels Midland Company, Abengoa Bioenergy, Petrobras, Green Plains, Valero Energy Corporation, Bajaj Hindusthan Ltd, Renewable Energy Group, Inc., Royal Dutch Shell, POET, LLC, and Pacific Ethanol, Inc., among others.
The Biofuels market intelligence report talks about the market size, share, value, and production cost analysis over the forecast period 2020-2027.
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Biofuels Market Region:
The market intelligence report exhaustively examines the market value, share, demand, growth prospects, latest and historical trends, manufacturers, gross revenue collection, competitive terrain, market growth forecast, available products, and end-use applications.
Middle East & Africa
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Biofuels Market Segmentation:
For imparting a clear understanding, the market is segmented on the basis of types, applications, and key geographical regions.
- Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Feedstock Outlook (Revenue, USD Billion; 2017-2027)
- Vegetable Oils
- Form Outlook (Revenue, USD Billion; 2017-2027)
- Liquid Biofuel
- Solid Biofuel
- Gaseous Biofuel
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Biofuels Market Segmentation & Impact Analysis
4.1. Biofuels Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
22.214.171.124. Growing Environmental Awareness
126.96.36.199. Increasing R&D for the development of new technologies
188.8.131.52. Lower Greenhouse Gas emissions
184.108.40.206. Increasing prices of crude oil
220.127.116.11. Increasing Government schemes and initiatives
4.2.3. Market restraints analysis
18.104.22.168. Growing Budget constraints
22.214.171.124. Biofuel plants require heavy investments
126.96.36.199. Unstable prices of feedstock
188.8.131.52. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Biofuels Market By Product Type Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
5.1. Product Type Dynamics & Market Share, 2019 & 2027
Chapter 6. Biofuels Market By Feedstock Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
6.1. Feedstock Dynamics & Market Share, 2019 & 2027
6.1.1. Vegetable Oils
Chapter 7. Biofuels Market By Form Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
7.1. Form Dynamics & Market Share, 2019 & 2027
7.1.1. Liquid Biofuel
7.1.2. Solid Biofuel
7.1.3. Gaseous Biofuel
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