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.
Advanced Biofuels Market Segmentation
Market- By Process Analysis
By Process, the Advanced Biofuels market share is categories into Thermochemical and Biochemical. Thermochemical dominates the market with the largest share, accounting for over 60% of the market in 2023. Thermochemical conversion involves high-temperature chemical reactions to convert biomass into fuels. The primary methods include pyrolysis, gasification, and hydrothermal liquefaction.
The
following segments are part of an in-depth analysis of the global Advanced
Biofuels market:
|
Market Segments |
|
|
By Feedstock
Type |
·
Lignocellulosic Biomass ·
Algal Biomass ·
Waste-based Biomass ·
Others |
|
By Process |
·
Thermochemical ·
Biochemical |
|
By Raw
Material |
·
Energy Crops ·
Municipal Solid Waste ·
Others |
|
By Fuel
Type |
·
Cellulosic Biofuel ·
Biodiesel ·
Biobutanol ·
Others |
Advanced Biofuels Industry: Regional Analysis
North America Market Forecast
North America dominates the global market, accounting for around 40% of the market share in 2023. The dominance of this region is driven by the presence of leading market players, high adoption of advanced diagnostic techniques, well-established healthcare infrastructure, and a significant focus on cancer research and personalized medicine. The United States is the largest contributor to the market in this region, followed by Canada.
Europe Market Statistics
Europe also
accounts for a considerable share of the advanced biofuels market. The region
is driven by stringent environmental regulations and policies such as the
European Union's Renewable Energy Directive (RED), which promotes the use of
advanced biofuels. The European Union’s Renewable Energy Directive (RED II),
which mandates that at least 14% of transportation energy should come from
renewable sources by 2030. Countries like Germany, the Netherlands, Sweden, and
Finland are leading the charge, investing heavily in advanced biofuels
production facilities and adopting bio-based energy solutions.
Asia Pacific Market Forecasts
The Asia-Pacific
region is experiencing rapid growth in the advanced biofuels market. Countries
like China, India, and Japan are investing heavily in renewable energy
solutions, including advanced biofuels, to meet their energy needs and reduce
dependence on fossil fuels. Rapid industrialization and a growing focus on
reducing carbon emissions in countries like China, India, Japan, and Australia.
Increasing investments in second-generation biofuels and sustainable aviation
fuel (SAF) production to meet domestic energy needs and reduce dependency on
fossil fuels.
Middle East & Africa Market Statistics
MEA holds a
relatively smaller share in the advanced biofuels market. However, there is
growing interest in biofuel projects, particularly in countries like South
Africa and the UAE, where initiatives for sustainable energy are gaining
momentum.
Latin America Market Statistics
Latin America is
an emerging market for advanced biofuels, with countries like Brazil leading
the way in bioethanol production. The region's significant agricultural
resources make it well-suited for biomass production, a key component in
advanced biofuel manufacturing.
Key Market Players
The Advanced Biofuels Market
is dominated by a few large companies, such as
·
Abengoa Bioenergy
·
Inbicon A/S
·
A2BE Carbon Capture, LLC.
·
Clariant
·
Bangchak Petroleum Plc.
·
DowDuPont Inc.
·
Fujian Zhongde Energy Co., Ltd
·
Algenol Biotech
·
GranBio
· Chemtex Company
1.
Global
Advanced Biofuels Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Advanced Biofuels Market
Scope and Market Estimation
1.2.1. Global Advanced Biofuels Overall
Market Size (US$ Bn) and Volume (Tons), Market CAGR (%), Market forecast (2024
- 2034)
1.2.2. Global Advanced Biofuels Market
Revenue Share (%) and Volume Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Process of Global Advanced
Biofuels Market
1.3.2. Feedstock Type of Global Advanced
Biofuels Market
1.3.3. Raw Material of Global Advanced
Biofuels Market
1.3.4. Fuel Type of Global Advanced
Biofuels Market
1.3.5. Region of Global Advanced
Biofuels Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Market Dynamics
2.5.1. Drivers
2.5.2. Limitations
2.5.3. Opportunities
2.5.4. Impact Analysis of Drivers and
Restraints
2.6. Key Developments
2.7. Porter’s Five Forces Analysis
2.7.1. Bargaining Power of Suppliers
2.7.2. Bargaining Power of Buyers
2.7.3. Threat of Substitutes
2.7.4. Threat of New Entrants
2.7.5. Competitive Rivalry
2.8. PEST Analysis
2.8.1. Political Factors
2.8.2. Economic Factors
2.8.3. Social Factors
2.8.4. Technology Factors
2.9. Key Regulation
3.
Global Advanced Biofuels Market Estimates & Historical Trend Analysis (2019 - 2023)
4. Global
Advanced Biofuels Market Estimates &
Forecast Trend Analysis, by Feedstock Type
4.1. Global Advanced Biofuels Market
Revenue (US$ Bn) and Volume (Tons) Estimates and Feedstock Type, 2019 - 2034
4.1.1. Lignocellulosic Biomass
4.1.2. Algal Biomass
4.1.3. Waste-based Biomass
4.1.4. Others
5. Global
Advanced Biofuels Market Estimates &
Forecast Trend Analysis, by Process
5.1. Global Advanced Biofuels Market
Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Process, 2019 -
2034
5.1.1. Thermochemical
5.1.2. Biochemical
6. Global
Advanced Biofuels Market Estimates &
Forecast Trend Analysis, by Raw Material
6.1. Global Advanced Biofuels Market
Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Raw Material, 2019
- 2034
6.1.1. Energy Crops
6.1.2. Municipal Solid Waste
6.1.3. Others
7.
Global Advanced Biofuels Market Estimates & Forecast Trend Analysis, by
Fuel Type
7.1. Global Advanced Biofuels Market
Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Fuel Type, 2019
- 2034
7.1.1. Cellulosic Biofuel
7.1.2. Biodiesel
7.1.3. Biobutanol
7.1.4. Others
8.
Global Advanced Biofuels Market Estimates & Forecast Trend Analysis,
by Region
8.1. Global Advanced Biofuels Market
Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Region, 2019 -
2034
8.1.1. North America
8.1.2. Eastern Europe
8.1.3. Western Europe
8.1.4. Asia Pacific
8.1.5. Middle East & Africa
8.1.6. Latin America
9.
North
America Advanced Biofuels Market: Estimates & Forecast Trend Analysis
9.1.
North
America Advanced Biofuels Market Assessments & Key Findings
9.1.1. North America Advanced Biofuels
Market Introduction
9.1.2. North America Advanced Biofuels
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
9.1.2.1. By Feedstock Type
9.1.2.2. By Process
9.1.2.3. By Raw Material
9.1.2.4. By Fuel Type
9.1.2.5. By Country
9.1.2.5.1. The U.S.
9.1.2.5.2. Canada
9.1.2.5.3. Mexico
10. Western Europe Advanced
Biofuels Market: Estimates &
Forecast Trend Analysis
10.1. Western Europe Advanced Biofuels
Market Assessments & Key Findings
10.1.1. Western Europe Advanced Biofuels
Market Introduction
10.1.2. Western Europe Advanced Biofuels
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
10.1.2.1. By Feedstock Type
10.1.2.2. By Process
10.1.2.3. By Raw Material
10.1.2.4. By Fuel Type
10.1.2.5. By Country
10.1.2.5.1.
Germany
10.1.2.5.2.
Italy
10.1.2.5.3.
U.K.
10.1.2.5.4.
France
10.1.2.5.5.
Spain
10.1.2.5.6.
Benelux
10.1.2.5.7.
Nordics
10.1.2.5.8. Rest
of W. Europe
11. Eastern Europe Advanced
Biofuels Market: Estimates &
Forecast Trend Analysis
11.1. Eastern Europe Advanced Biofuels
Market Assessments & Key Findings
11.1.1. Eastern Europe Advanced Biofuels
Market Introduction
11.1.2. Eastern Europe Advanced Biofuels
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
11.1.2.1. By Feedstock Type
11.1.2.2. By Process
11.1.2.3. By Raw Material
11.1.2.4. By Fuel Type
11.1.2.5. By Country
11.1.2.5.1.
Russia
11.1.2.5.2.
Hungary
11.1.2.5.3.
Poland
11.1.2.5.4.
Balkan & Baltics
11.1.2.5.5. Rest of E. Europe
12. Asia Pacific Advanced
Biofuels Market: Estimates &
Forecast Trend Analysis
12.1. Asia Pacific Market Assessments
& Key Findings
12.1.1. Asia Pacific Advanced Biofuels
Market Introduction
12.1.2. Asia Pacific Advanced Biofuels
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
12.1.2.1. By Feedstock Type
12.1.2.2. By Process
12.1.2.3. By Raw Material
12.1.2.4. By Fuel Type
12.1.2.5. By Country
12.1.2.5.1. China
12.1.2.5.2. Japan
12.1.2.5.3. India
12.1.2.5.4. Australia & New Zealand
12.1.2.5.5. South Korea
12.1.2.5.6. ASEAN
12.1.2.5.7. Rest of Asia Pacific
13. Middle East & Africa Advanced
Biofuels Market: Estimates &
Forecast Trend Analysis
13.1. Middle East & Africa Market
Assessments & Key Findings
13.1.1. Middle
East & Africa Advanced
Biofuels Market Introduction
13.1.2. Middle
East & Africa Advanced
Biofuels Market Size & Volume Estimates and Forecast (US$ Billion & Tons)
(2019 - 2034)
13.1.2.1. By Feedstock Type
13.1.2.2. By Process
13.1.2.3. By Raw Material
13.1.2.4. By Fuel Type
13.1.2.5. By Country
13.1.2.5.1. UAE
13.1.2.5.2. Saudi
Arabia
13.1.2.5.3. Turkey
13.1.2.5.4. South
Africa
13.1.2.5.5. Rest of
MEA
14. Latin America
Advanced Biofuels Market: Estimates
& Forecast Trend Analysis
14.1. Latin America Market Assessments
& Key Findings
14.1.1. Latin America Advanced Biofuels
Market Introduction
14.1.2. Latin America Advanced Biofuels
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
14.1.2.1. By Feedstock Type
14.1.2.2. By Process
14.1.2.3. By Raw Material
14.1.2.4. By Fuel Type
14.1.2.5. By Country
14.1.2.5.1. Brazil
14.1.2.5.2. Argentina
14.1.2.5.3. Colombia
14.1.2.5.4. Rest of
LATAM
15. Country Wise Market:
Introduction
16. Competition Landscape
16.1. Global Advanced Biofuels Market Product
Mapping
16.2. Global Advanced Biofuels Market Concentration
Analysis, by Leading Players / Innovators / Emerging Players / New Entrants
16.3. Global Advanced Biofuels Market Tier
Structure Analysis
16.4. Global Advanced Biofuels Market
Concentration & Company Market Shares (%) Analysis, 2023
17. Company Profiles
17.1. Abengoa
Bioenergy
17.1.1. Company Overview & Key Stats
17.1.2. Financial Performance & KPIs
17.1.3. Product Portfolio
17.1.4. SWOT Analysis
17.1.5. Business Strategy & Recent
Developments
Similar details would be provided
for all the players mentioned below
17.2. Inbicon A/S
17.3. A2BE Carbon Capture,
LLC.
17.4. Clariant
17.5. Bangchak
Petroleum Plc.
17.6. DowDuPont Inc.
17.7. Fujian Zhongde
Energy Co., Ltd
17.8. Algenol
Biotech
17.9. GranBio
17.10. Chemtex
Company
17.11. Others
18. Research
Methodology
18.1. External Transportations /
Databases
18.2. Internal Proprietary Database
18.3. Primary Research
18.4. Secondary Research
18.5. Assumptions
18.6. Limitations
18.7. Report FAQs
19. Research
Findings & Conclusion
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Frequently Asked Questions
What is the market size of Advanced Biofuels Market in 2024?
Advanced Biofuels Market was valued at USD 51.68 Billion in 2024.
What is the growth rate for the Advanced Biofuels Market?
Advanced Biofuels Market size will increase at approximate CAGR of 37.8% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are Abengoa Bioenergy, Inbicon A/S, A2BE Carbon Capture, LLC., Clariant, Bangchak Petroleum Plc., DowDuPont Inc., Fujian Zhongde Energy Co., Ltd, Algenol Biotech, GranBio, Chemtex Company and others.
Which region dominates the Advanced Biofuels Market?
North America dominates the market with an active share of 40%.
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