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Biofuels Market Size, Industry Analysis Report & By Form (Solid Biofuel, Liquid Biofuel, Gaseous Biofuel), By Fuel Type (Biodiesel, Bioethanol), By Feedstock (Coarse Grain, Sugar Crop, Vegetable Oil, Jatropha, Molasses) Region – Forecasts

  • PUBLISHED ON
  • 2024-01-08
  • NO OF PAGES
  • 287
  • CATEGORY
  • Energy & Power

Global Biofuels Market Analysis by Form, Fuel Type, Feedstock, Region and segments forecast till 2033

 

Market Overview

The Biofuels Market is valued at USD 165,770 million in 2022, however it is poised to show a noteworthy progress of USD 282,710 million by the year 2033. The Biofuels Market is expected to disclose a robust upturn with a CAGR of 6.9% during the forecasted period of 2023 to 2033.

Report Scope

Report Attributes

Description

Market Size in 2022

USD 165,770 Million

Market Forecast in 2033

USD 282,710 Million

CAGR % 2023-2033

6.9%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

Form, Fuel Type, Feedstock

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

Key Companies

Bunge Limited, Archer Daniels Midland Company, Valero Energy Corp., Petrobras, Butamax, Renewable Energy Corp., Wilmar International, Algenol, Pacific Ethanol Inc., Poet, LLC, Flint Hills Resources, The Andersons, Inc., Raizen S.A., Copersucar S.A., Abengoa, S. A., Alpha Biofuels, and Others.

 

Biofuel is referred to as a type of fuel that is directly produced from biomass which either be animal waste, algae or plant material. It is regarded as one of the most efficient sources of renewable energy. Some of the most common biofuels are biogas, biodiesel, and corn ethanol. These fuels can be used for industrial, domestic, and commercial purposes without posing any threat to the environment. The escalating demand for efficient energy resources along with the growing environmental cognizance of the masses are the primary factors augmenting the outlook of this marketplace.

Furthermore, stringent sustainable initiatives adopted by various governments along with increasing R&D investments in the field are positively swaying the dynamics of this industry vertical. Also, growing focus of the concerned authorities onto decreasing emission levels is adding momentum to the progression of this business sphere.

Besides, rising R&D activities in the field and widespread industrialization are creating lucrative opportunities for the marketplace to prosper. Alongside, the high availability of bioethanol blends across the globe is bolstering the growth of this industry sphere. Moreover, steep rise in the prices of crude oil coupled with the surging instances of fossil fuel depletion are stimulating the overall market dynamics. On the contrary, fluctuating feed stock prices along with declining rate of investments in the biofuels sector are hindering the remuneration scope of this marketplace.

With rapid industrialization and urbanization, the world is witnessing a massive rise in emission levels. This in turn has accelerated the pollution levels, thereby resulting in various diseases among human being and animals. Therefore, the concerned authorities along with the governments of various nations have joined hands to reduce the carbon emission levels by adopting energy efficient fuels. This in turn has elevated the demand for biofuels across the globe.

Biofuels are obtained from natural components such as animal waste, oil based plants, sugar, and starch yields, among others. Being a tenuous process, concerned bodies are focusing on to the development of advanced technologies to fasten the process of biofuel extraction. These factors are positively swaying the dynamics of this market vertical.

 

Form Insights

The Solid Biofuel segment is poised to amass notable gains over 2023-2033.

 

Fuel Type Insights

The biodiesel segment is anticipated to amass notable gains over 2022-2030 ascribing to the escalating demand for energy efficient transportation fuels.

 

Feedstock Insights

The vegetable oil segment is poised to generate significant returns over the estimated timeline owing to the affordability and easy processing methods associated with the extraction of biofuels from vegetable oils.

 

Regional Insights

The major regions constituting the geographical gamut of this marketplace are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Among these, North America is expected to showcase lucrative expansion trends over 2022-2030. This is attributable to the stringent emission regulations, rapid industrialization, and growing environmental cognizance of the masses.

 

Competitive Analysis

The prominent players defining the competitive landscape of this business vertical are Bunge Limited, Archer Daniels Midland Company, Valero Energy Corp., Petrobras, Butamax, Renewable Energy Corp., Wilmar International, Algenol, Pacific Ethanol Inc., Poet, LLC, Flint Hills Resources, The Andersons, Inc., Raizen S.A., Copersucar S.A., Abengoa, S. A., Alpha Biofuels, and Others.

 

Global Biofuels Market- Segmental Analysis

By Form

Solid Biofuel

• Liquid Biofuel

• Gaseous Biofuel

 

 

By Fuel Type

Biodiesel

• Bioethanol

• Others

 

 

By Feedstock

Coarse Grain

• Sugar Crop

• Vegetable Oil

• Jatropha

• Molasses

• Others

 

 

Why to buy this Report?

The report provides quantitative and qualitative aspect for Biofuels Market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in Biofuels Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

             Business Model

             Production Capacity, Revenue, Sales, Gross Margin

             Key Business Strategy

             SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:

             Company Share Analysis from 2020-2022

             Company Analysis by Revenue and Sales

             Company Production Capacity, Gross Margin

             Company Share Analysis by Fuel Type/End Use

             Company Share Analysis by Product/Specification

1. Global Biofuels Market Introduction and Market Overview

1.1. Objective of the Market Research Study

1.2. Biofuels Market Definition & Description

1.3. Research Data Parameters & Reporting Timelines

1.3.1. Historical Data Reporting Years – 2020 to 2021

1.3.2. Projected Data Reporting Years – 2022 to 2033

1.3.3. Reporting Data Parameters – Value (US$ Million)

1.4. Global Biofuels Market Scope and Market Estimation

1.4.1. Global Biofuels Overall Market Size & Volume (US$ Million & Thousand TOE), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)

1.4.2. Global Biofuels Market Revenue & Volume Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033

1.5. Biofuels Market Segmentation

1.5.1. Form of Global Biofuels Market

1.5.2. Fuel Type of Global Biofuels Market

1.5.3. Feedstock of Global Biofuels Market

1.5.4. Key Regions of Global Biofuels Market

2. Global Biofuels Market - Executive Summary

2.1. Global Biofuels Market – Summary & Snapshot

2.2. Global Biofuels Market, By Form (US$ Million & Thousand TOE)

2.3. Global Biofuels Market, By Fuel Type (US$ Million & Thousand TOE)

2.4. Global Biofuels Market, By Feedstock (US$ Million & Thousand TOE)

2.5. Global Biofuels Market, By Geography (US$ Million & Thousand TOE)

2.6. Global Biofuels Market Outlook & Future Opportunities

3. Biofuels Market Trends, Outlook, and Factors Analysis

3.1. Global Biofuels Market Industry Development Trends under COVID-19 Outbreak

3.1.1. Global COVID-19 Status Overview

3.1.2. Influence of COVID-19 Outbreak on Global Biofuels Market Industry Development

3.1.3. Pre & Post COVID-19 Trends and Scenarios

3.2. Biofuels Market Dynamics (Growth Impacting Factors & Rationales)

3.2.1. Drivers

3.2.1.1. Rapidly declining fossil fuel resources

3.2.1.2. Increasing awareness regarding to reduce carbon emissions is expected to grow the market

3.2.2. Restraints

3.2.2.1. Uncertain feed stock prices and yield is anticipated to hamper the market growth

3.2.3. Opportunities

3.2.3.1. Regulations by the government requiring the use of biofuels in automobile fuels and increased government funding for ecologically friendly power sources offers immense market expansion opportunities

3.2.4. Impact Analysis of Drivers and Restraints

3.3. Ecosystem/ Value Chain Analysis

3.4. Porter’s Five Forces Analysis

3.5. SWOT Analysis

3.6. PEST Analysis

3.7. Average Selling Prices and Pricing Trends Analysis of Biofuels Market

3.8. Technological Roadmap

3.9. Key Investment Pockets of Biofuels Market

3.9.1. By Form

3.9.2. By Fuel Type

3.9.3. By Feedstock

3.9.4. By Regions

4. Global Biofuels Market: Estimates & Historic Trend Analysis (2020 to 2021)

4.1. Global Biofuels Market, 2020 – 2021 (US$ Million & Thousand TOE)

4.2. Global Biofuels Market, By Form, 2020 to 2021 (US$ Million & Thousand TOE)

4.3. Global Biofuels Market, By Fuel Type, 2020 to 2021 (US$ Million & Thousand TOE)

4.4. Global Biofuels Market, By Feedstock, 2020 to 2021 (US$ Million & Thousand TOE)

4.5. Global Biofuels Market, By Region, 2020 to 2021 (US$ Million & Thousand TOE)

5. Global Biofuels Market Estimates & Forecast Trend Analysis, by Form

5.1. Global Biofuels Market Share (%) Estimates and Forecasts, by Form, 2022 & 2033

5.2. Global Biofuels Market Revenue & Volume (US$ Million & Thousand TOE) Estimates and Forecasts, by Form, 2022 to 2033

5.2.1. Solid Biofuel

5.2.2. Liquid Biofuel

5.2.3. Gaseous Biofuel

6. Global Biofuels Market Estimates & Forecast Trend Analysis, by Fuel Type

6.1. Global Biofuels Market Share (%) Estimates and Forecasts, by Fuel Type, 2022 & 2033

6.2. Global Biofuels Market Revenue & Volume (US$ Million & Thousand TOE) Estimates and Forecasts, by Fuel Type, 2022 to 2033

6.2.1. Biodiesel

6.2.2. Bioethanol

6.2.3. Others

7. Global Biofuels Market Estimates & Forecast Trend Analysis, by Feedstock

7.1. Global Biofuels Market Share (%) Estimates and Forecasts, by Feedstock, 2022 & 2033

7.2. Global Biofuels Market Revenue & Volume (US$ Million & Thousand TOE) Estimates and Forecasts, by Feedstock, 2022 to 2033

7.2.1. Coarse Grain

7.2.2. Sugar Crop

7.2.3. Vegetable Oil

7.2.4. Jatropha

7.2.5. Molasses

7.2.6. Others

8. Global Biofuels Market Analysis and Forecast, by Region

8.1. Global Biofuels Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033

8.2. Global Biofuels Market Revenue & Volume (US$ Million & Thousand TOE) Estimates and Forecasts, by Region, 2022 to 2033

8.2.1. North America

8.2.2. Europe

8.2.3. Asia Pacific

8.2.4. Middle East and Africa

8.2.5. Latin America

9. North America Biofuels Market: Estimates & Forecast Trend Analysis

9.1. North America Biofuels Market Assessments & Key Findings

9.2. North America Biofuels Market Share (%) Estimates and Forecasts, 2022 & 2033

9.3. North America Biofuels Market Size & Volume Estimates and Forecast (US$ Million & Thousand TOE) (2022 to 2033)

9.3.1. By Form

9.3.2. By Fuel Type

9.3.3. By Feedstock

9.3.4. By Major Country

9.3.4.1. The U.S.

9.3.4.2. Canada

10. Europe Biofuels Market: Estimates & Forecast Trend Analysis

10.1. Europe Biofuels Market Assessments & Key Findings

10.2. Europe Biofuels Market Share (%) Estimates and Forecasts, 2022 & 2033

10.3. Europe Biofuels Market Size & Volume Estimates and Forecast (US$ Million & Thousand TOE) (2022 to 2033)

10.3.1. By Form

10.3.2. By Fuel Type

10.3.3. By Feedstock

10.3.4. By Major Country

10.3.4.1. Germany

10.3.4.2. The U.K.

10.3.4.3. France

10.3.4.4. Italy

10.3.4.5. Spain

10.3.4.6. Rest of Europe (includes all other European countries)

11. Asia Pacific Biofuels Market: Estimates & Forecast Trend Analysis

11.1. Asia Pacific Biofuels Market Assessments & Key Findings

11.2. Asia Pacific Biofuels Market Share (%) Estimates and Forecasts, 2022 & 2033

11.3. Asia Pacific Biofuels Market Size & Volume Estimates and Forecast (US$ Million & Thousand TOE) (2022 to 2033)

11.3.1. By Form

11.3.2. By Fuel Type

11.3.3. By Feedstock

11.3.4. By Major Country

11.3.4.1. China

11.3.4.2. Japan

11.3.4.3. India

11.3.4.4. ASEAN

11.3.4.5. South Korea

11.3.4.6. Rest of Asia Pacific (includes all other Asia Pacific countries)

12. Middle East & Africa Biofuels Market: Estimates & Forecast Trend Analysis

12.1. Middle East & Africa Biofuels Market Assessments & Key Findings

12.2. Middle East & Africa Biofuels Market Share (%) Estimates and Forecasts, 2022 & 2033

12.3. Middle East & Africa Biofuels Market Size & Volume Estimates and Forecast (US$ Million & Thousand TOE) (2022 to 2033)

12.3.1. By Form

12.3.2. By Fuel Type

12.3.3. By Feedstock

12.3.4. By Major Country

12.3.4.1. GCC

12.3.4.2. South Africa

12.3.4.3. Egypt

12.3.4.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)

13. Latin America Biofuels Market: Estimates & Forecast Trend Analysis

13.1. Latin America Market Assessments & Key Findings

13.2. Latin America Biofuels Market Share (%) Estimates and Forecasts, 2022 & 2033

13.3. Latin America Biofuels Market Size & Volume Estimates and Forecast (US$ Million & Thousand TOE) (2022 to 2033)

13.3.1. By Form

13.3.2. By Fuel Type

13.3.3. By Feedstock

13.3.4. By Major Country

13.3.4.1. Brazil

13.3.4.2. Mexico

13.3.4.3. Rest of Latin America (includes all other Latin America countries)

14. Competitive Landscape

14.1. Biofuels Market Revenue Share Analysis (%), by Major Players (2021)

14.2. Biofuels Market Competition Matrix, by Leading Players

14.3. Biofuels List of Emerging, Prominent and Leading Players

14.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.

15. Company Profiles

15.1. Bunge Limited

15.1.1. Company Overview & Insights

15.1.2. Financial Performance

15.1.3. Product / Service Portfolio

15.1.4. Geographical Footprint & Share

15.1.5. Strategic Initiatives & Key Developments

*Similar details would be provided for all the players mentioned below

15.2. Archer Daniels Midland Company

15.3. Valero Energy Corp.

15.4. Petrobras

15.5. Butamax

15.6. Renewable Energy Corp.

15.7. Wilmar International

15.8. Algenol

15.9. Pacific Ethanol Inc.

15.10. Poet, Llc

15.11. Flint Hills Resources

15.12. The Andersons, Inc.

15.13. Raizen S.A.

15.14. Copersucar S.A.

15.15. Abengoa, S. A.

15.16. Alpha Biofuels

15.17. Others

16. Assumptions and Research Methodology

16.1. Data Mining

16.2. Secondary Research

16.3. Primary Research

16.4. Subject Matter Expert Advice

16.5. Quality Check

16.6. Final Review

16.7. Data Triangulation

16.8. Bottom-Up Approach

16.9. Top Down Approach

16.10. Research Flow

16.11. Key Insights from Industry Experts

16.12. Data Sources

16.13. Assumptions

16.14. Limitations

17. Conclusions and Recommendations

17.1. Key Research Findings and Conclusion

17.2. Key Insights & Recommendations from Analysts

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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