Advanced Biofuels Market Size – by Process (Biochemical Process and Thermochemical Process), By Feedstock Type (Lignocellulosic Biomass, Algal Biomass, Waste-based Biomass and Others), By Raw Material (Energy Crops, Municipal Solid Waste and Others), By Fuel Type (Cellulosic Biofuel, Biodiesel, Biobutanol and Others), & Region – Global Forecasts 2024 - 2034
- PUBLISHED ON
- 2024-12-01
- NO OF PAGES
- 220
- CATEGORY
- Energy & Power
Market Overview
The Advanced Biofuels market report is predicted to develop at a compound annual growth rate (CAGR) of 37.8% from 2024 to 2034, when global Advanced Biofuels market forecast size is projected to reach USD 1,195.95 Billion in 2034, based on an average growth pattern. The global Advanced Biofuels market revenue is estimated to reach a value of USD 51.68 Billion in 2024.
SOURCE: We Market Research
Advanced
biofuels, also known as second-generation biofuels, are produced from
non-food-based feedstocks, such as lignocellulosic biomass, algae, and waste
materials. Advanced biofuels are fuels made from non-food biomass sources, such
as agricultural waste, forestry residues, and dedicated energy crops, as
opposed to conventional biofuels, which are primarily derived from food crops
like corn or sugarcane. They are considered more sustainable compared to
first-generation biofuels as they do not compete directly with food production.
Companies and organizations involved in the advanced biofuels market, including
producers, technology developers, research institutions, and investors. The
market driven by technological advancements, government policies, and
increasing investments in renewable energy projects.
Global Advanced Biofuels Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 51.68 Billion |
|
Market
Forecast in 2034 |
USD 1,195.95 Billion |
|
CAGR % 2024-2034 |
37.8% |
|
Base
Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Feedstock
Type, By Process, By Raw Material, By Fuel Type and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Market Dynamics & Restraints
Global Advanced Biofuels Market Opportunity:
We Market
Research: Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global Advanced Biofuels market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.