Biofuel is a fuel which is produced by using contemporary processes from biomass such as plants, and animal waste. Biodiesel and ethanol are the type of biofuels which are widely used in energy generation, transportation, charging electronics, cooking, lubrication, and cleaning oil spills and grease. It is considered as source of renewable energy like coal, petroleum, and natural gas. Biofuel is the cost effective option which is used as an alternative to other fuels.
Increase in government initiatives through programmers, policies, and regulations, for biofuel development are expected drive the global biofuel market growth. Furthermore, rise in usage of diesel engines and its benefits are expected to boost growth of biofuel market growth. Moreover, rise in crude oil prices will increase the demand for biofuel in the market during this forecast period. Additionally, extended use of bio-ethanol blends will have positive impact on biofuel market growth. Also, utilization of liquid biofuels in transportation sector will drive the market growth.
However, uncertain feed stock prices and yield is expected to hamper the global biofuel market growth. Also, restricted utilization of biofuel production capacity will affect the global biofuel market, during this forecast period.
Global Biofuel Market is segmented into type such as Biodiesel, and Ethanol, by Feedstock such as Coarse Grain, Sugar Corp, Vegetable Oil, Molasses, Jatropha, and Others.
Also, Global Biofuel Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key players are discussed in this report such as Abengoa Bioenergy, Archer Daniels Midland Company, Aceites Manuelita S.A, Archer Daniels Midland Company, Bajaj Hindusthan Ltd., Aventine Renewable Energy Holdings, Inc., Bangchak Petroleum Public Company Ltd., Beckons Industries Ltd., Biowanze, Bluefire Ethanol Fuels, Inc.,and Brasil Ecodiesel Ind Com Biocom Oleos S.A.
Market Drivers
Increase in government initiatives through programmers, policies, and regulations, for biofuel development are expected drive the global biofuel market growth. Furthermore, rise in usage of diesel engines and its benefits are expected to boost growth of biofuel market growth. Moreover, rise in crude oil prices will increase the demand for biofuel in the market during this forecast period. Additionally, extended use of bio-ethanol blends will have positive impact on biofuel market growth. Also, utilization of liquid biofuels in transportation sector will drive the market growth.
Market Restraints
However, uncertain feed stock prices and yield is expected to hamper the global biofuel market growth. Also, restricted utilization of biofuel production capacity will affect the global biofuel market, during this forecast period.
Market Segmentation
Global Biofuel Market is segmented into type such as Biodiesel, and Ethanol, by Feedstock such as Coarse Grain, Sugar Corp, Vegetable Oil, Molasses, Jatropha, and Others.
Also, Global Biofuel Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Abengoa Bioenergy, Archer Daniels Midland Company, Aceites Manuelita S.A, Archer Daniels Midland Company, Bajaj Hindusthan Ltd., Aventine Renewable Energy Holdings, Inc., Bangchak Petroleum Public Company Ltd., Beckons Industries Ltd., Biowanze, Bluefire Ethanol Fuels, Inc.,and Brasil Ecodiesel Ind Com Biocom Oleos S.A.
Market Taxonomy
By Type
- Biodiesel
- Ethanol
By Feedstock
- Coarse Grain
- Sugar Corp
- Vegetable Oil
- Molasses
- Jatropha
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Frequently Asked Questions about the Global Biofuel Market
What is the estimated value of the Global Biofuel Market?
What is the growth rate of the Global Biofuel Market?
What is the forecasted size of the Global Biofuel Market?
Who are the key companies in the Global Biofuel Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 155 |
| Published | February 2022 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 141560 Million |
| Forecasted Market Value ( USD | $ 245480 Million |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
Table of Contents
1. Executive Summary
3. Market Background
5. Global Biofuel Market Analysis, By Type
6. Global Biofuel Market Analysis, By Feedstock
7. Global Biofuel Market Analysis, By Region
8. North America Biofuel Market Analysis and Forecast (2017-2027)
9. Europe Biofuel Market Analysis and Forecast (2017-2027)
10. Asia Pacific Biofuel Market Analysis and Forecast (2017-2027)
11. Latin America Biofuel Market Analysis and Forecast (2017-2027)
12. Middle East & Africa Biofuel Market Analysis and Forecast (2017-2027)
13. Competition Analysis
14. Company Profiles
Companies Mentioned
- Abengoa Bioenergy
- Archer Daniels Midland Company
- Aceites Manuelita S.A
- Archer Daniels Midland Company
- Bajaj Hindusthan Ltd.
- Aventine Renewable Energy Holdings Inc.
- Bangchak Petroleum Public Company Ltd.
- Beckons Industries Ltd.
- Biowanze
- Bluefire Ethanol Fuels Inc.
- Brasil Ecodiesel Ind Com Biocom Oleos S.A
