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Biofuels (Bioethanol and Biodiesel) - Global Market Trajectory & Analytics

  • ID: 2255363
  • Report
  • July 2020
  • Region: Global
  • 225 Pages
  • Global Industry Analysts, Inc
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Global Biofuels (Bioethanol and Biodiesel) Market to Reach $248.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Biofuels (Bioethanol and Biodiesel) estimated at US$185.3 Billion in the year 2020, is projected to reach a revised size of US$248.3 Billion by 2027, growing at aCAGR of 4.3% over the period 2020-2027. Bioethanol, one of the segments analyzed in the report, is projected to record 4.5% CAGR and reach US$185.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Biodiesel segment is readjusted to a revised 3.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $54.6 Billion, While China is Forecast to Grow at 4.1% CAGR

The Biofuels (Bioethanol and Biodiesel) market in the U.S. is estimated at US$54.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$44.1 Billion by the year 2027 trailing a CAGR of 4.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 3.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.We bring years of research experience to this 18th edition of our report. The 225-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • Aemetis, Inc.
  • BlueFire Renewables, Inc.
  • Copersucar S.A.
  • Green Plains, Inc.
  • Renewable Energy Group, Inc.
  • Royal DSM NV
  • Western Dubuque Biodiesel, LLC

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of Covid-19 and a Looming Global Recession

Global Competitor Market Shares

Biofuels (Bioethanol and Biodiesel) Competitor Market Share Scenario Worldwide (in %): 2019 & 2028

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Biofuels (Bioethanol and Biodiesel) Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Biofuels (Bioethanol and Biodiesel) Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Biofuels (Bioethanol and Biodiesel) Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Bioethanol (Type) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Bioethanol (Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Bioethanol (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Biodiesel (Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: Biodiesel (Type) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: Biodiesel (Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Biofuels (Bioethanol and Biodiesel) Market Share (in %) by Company: 2019 & 2025

Market Analytics
TABLE 10: United States Biofuels (Bioethanol and Biodiesel) Market Estimates and Projections in US$ Million by Type: 2020 to 2027
TABLE 11: Biofuels (Bioethanol and Biodiesel) Market in the United States by Type: A Historic Review in US$ Million for 2012-2019
TABLE 12: United States Biofuels (Bioethanol and Biodiesel) Market Share Breakdown by Type: 2012 VS 2020 VS 2027

CANADA

TABLE 13: Canadian Biofuels (Bioethanol and Biodiesel) Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
TABLE 14: Canadian Biofuels (Bioethanol and Biodiesel) Historic Market Review by Type in US$ Million: 2012-2019
TABLE 15: Biofuels (Bioethanol and Biodiesel) Market in Canada: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027

JAPAN

TABLE 16: Japanese Market for Biofuels (Bioethanol and Biodiesel): Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
TABLE 17: Biofuels (Bioethanol and Biodiesel) Market in Japan: Historic Sales Analysis in US$ Million by Type for the Period 2012-2019
TABLE 18: Japanese Biofuels (Bioethanol and Biodiesel) Market Share Analysis by Type: 2012 VS 2020 VS 2027

CHINA

TABLE 19: Chinese Biofuels (Bioethanol and Biodiesel) Market Growth Prospects in US$ Million by Type for the Period 2020-2027
TABLE 20: Biofuels (Bioethanol and Biodiesel) Historic Market Analysis in China in US$ Million by Type: 2012-2019
TABLE 21: Chinese Biofuels (Bioethanol and Biodiesel) Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027

EUROPE

Market Facts & Figures

European Biofuels (Bioethanol and Biodiesel) Market: Competitor Market ShareScenario (in %) for 2019 & 2025

Market Analytics
TABLE 22: European Biofuels (Bioethanol and Biodiesel) Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 23: Biofuels (Bioethanol and Biodiesel) Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 24: European Biofuels (Bioethanol and Biodiesel) Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 25: European Biofuels (Bioethanol and Biodiesel) Market Estimates and Forecasts in US$ Million by Type: 2020-2027
TABLE 26: Biofuels (Bioethanol and Biodiesel) Market in Europe in US$ Million by Type: A Historic Review for the Period 2012-2019
TABLE 27: European Biofuels (Bioethanol and Biodiesel) Market Share Breakdown by Type: 2012 VS 2020 VS 2027

FRANCE

TABLE 28: Biofuels (Bioethanol and Biodiesel) Market in France by Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 29: French Biofuels (Bioethanol and Biodiesel) Historic Market Scenario in US$ Million by Type: 2012-2019
TABLE 30: French Biofuels (Bioethanol and Biodiesel) Market Share Analysis by Type: 2012 VS 2020 VS 2027

GERMANY

TABLE 31: Biofuels (Bioethanol and Biodiesel) Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027
TABLE 32: German Biofuels (Bioethanol and Biodiesel) Historic Market Analysis in US$ Million by Type: 2012-2019
TABLE 33: German Biofuels (Bioethanol and Biodiesel) Market Share Breakdown by Type: 2012 VS 2020 VS 2027

ITALY

TABLE 34: Italian Biofuels (Bioethanol and Biodiesel) Market Growth Prospects in US$ Million by Type for the Period 2020-2027
TABLE 35: Biofuels (Bioethanol and Biodiesel) Historic Market Analysis in Italy in US$ Million by Type: 2012-2019
TABLE 36: Italian Biofuels (Bioethanol and Biodiesel) Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027

UNITED KINGDOM

TABLE 37: United Kingdom Market for Biofuels (Bioethanol and Biodiesel): Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
TABLE 38: Biofuels (Bioethanol and Biodiesel) Market in the United Kingdom: Historic Sales Analysis in US$ Million by Type for the Period 2012-2019
TABLE 39: United Kingdom Biofuels (Bioethanol and Biodiesel) Market Share Analysis by Type: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 40: Rest of Europe Biofuels (Bioethanol and Biodiesel) Market Estimates and Forecasts in US$ Million by Type: 2020-2027
TABLE 41: Biofuels (Bioethanol and Biodiesel) Market in Rest of Europe in US$ Million by Type: A Historic Review for the Period 2012-2019
TABLE 42: Rest of Europe Biofuels (Bioethanol and Biodiesel) Market Share Breakdown by Type: 2012 VS 2020 VS 2027

ASIA-PACIFIC

TABLE 43: Biofuels (Bioethanol and Biodiesel) Market in Asia-Pacific by Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 44: Asia-Pacific Biofuels (Bioethanol and Biodiesel) Historic Market Scenario in US$ Million by Type: 2012-2019
TABLE 45: Asia-Pacific Biofuels (Bioethanol and Biodiesel) Market Share Analysis by Type: 2012 VS 2020 VS 2027

REST OF WORLD

TABLE 46: Rest of World Biofuels (Bioethanol and Biodiesel) Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
TABLE 47: Rest of World Biofuels (Bioethanol and Biodiesel) Historic Market Review by Type in US$ Million: 2012-2019
TABLE 48: Biofuels (Bioethanol and Biodiesel) Market in Rest of World: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027

IV. COMPETITION

Total Companies Profiled: 141

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Several growing concerns prevail with regards to the usage of fossil fuels, foremost among them being the impact on the environment, followed by energy price increases, complete dependence on oil exporting countries for supply, market volatility as in 2008 and 2009, and limited resources. This, together with the fact that some of the important fossil fuel reserves are distributed unevenly across the globe, makes the issue of equality in terms of energy supply highly controversial.

The continuing high level economic growth in several countries across the globe, more particularly in the developing countries, also resulted in the need for alternative sources or fuels, including biofuels, which provide an opportunity for improving energy security, while reducing the dependence on fossil fuels. Though biofuels form a very small share of the overall energy source pie currently, these alternative fuels are expected to hold much better position over the coming years in the form of clean alternatives to fossil fuels. Development of biofuel projects is underway in many countries across the globe owing to several benefits offered by these alternative fuels over fossil fuels. Biofuels are currently attracting generous governmental support for R&D and large-scale production. Regulatory frameworks and policies are also in place in several countries for guiding and promoting the usage of biofuels in the respective transportation sectors.

The United States represents the largest consumer worldwide, as stated by the new market research report on Biofuels (Bioethanol and Biodiesel). Given the recent shortages in supply from Brazil and the consequent high prices of sugar in the country, the US is expected to outperform Brazil, thereby becoming the leading ethanol exporter in the world in the near term. The emerging market for advanced biofuels in the US continues to attract policy makers and investors. Leading players in the industry continue to make investments towards technological developments and setting up of production facilities. Governmental support, higher investments by manufacturers and technological innovations are also contributing to the industry's faster growth. The biofuel industry is exploring other feedstock, such as algae, jatropha seeds, and palm oil to reduce the dependence on corn so as to overcome the controversy associated with food as well as the supply and pricing issues. Growth-wise, however, the Asia-Pacific is showing immense potential for future growth for biofuels, including bioethanol and biodiesel, and is projected to grow at an overall fastest compounded annual growth rate of 28.8% over the analysis period.

Next generation biofuels, including the second and the third generation biofuels, which are currently under development, are predicted to offer more benefits when compared to the first generation biofuels. These include cellulosic ethanol, BTL from solid biowaste, and renewable diesel to name a few. However, with the process of conversion of cellulose into sugars for fermentation being quite difficult, research is underway for developing microbes, enzymes, and fungi that could breakdown celluloses into sugars. Nevertheless, despite the significant investments in research and development, commercialization of the next generation biofuels is not expected to happen anywhere in the next 8-10 years owing to the several technical barriers on the way.

In production terms, there has been a tremendous increase in the production of biofuels, with the global biofuel production almost tripling since the year 2000. Major Biofuel producing countries include the US, Canada, Brazil, select European Union countries, China, and India. The United States is the largest producer of bioethanol and biodiesel. The US and Brazil are likely to continue their dominance over global biofuel supply in the medium term. However, in the long term, the Asian countries (China, India, Indonesia, and Malaysia) are forecast to increase their production, capturing share from the present major producing nations. The advantage of developing countries in producing biofuels is the availability of cheap raw material.

Despite the opportunities, certain concerns with regard to overall energy efficiency of biofuels, environment, prices, food security, and economic rationale are coming in the way of the sector's development. Most of the present generation biofuels are diverting agricultural commodities away from the animal and human food chain, thereby threatening food security. For instance, many biofuels use corn, sugarcane, barley, soy bean, rape seed, cassava, as feedstocks. Such an uncontrolled diversion is predicted to have serious implications on the production, availability as well as prices of these agricultural commodities in future. Not just on food security, but implications of the rapid development of biofuels is expected on biodiversity, environment, and rural development. Furthermore, the ongoing Euro Crisis is expected to have a serious impact on the biodiesel demand growth in the developed world, specifically Europe. Monetary tightening and few other factors, such as the withdrawal of fiscal stimulus in many countries across Europe, is expected to dampen growth prospects for biofuels.
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