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
- 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.
}})
Select a license type that suits your business needs
US $3499
Only Three Thousand Four Hundred Ninety Nine US dollar
- 1 User access
- 15% Additional Free Customization
- Free Unlimited post-sale support
- 100% Service Guarantee until achievement of ROI
US $4499
Only Four Thousand Four Hundred Ninety Nine US dollar
- 5 Users access
- 25% Additional Free Customization
- Access Report summaries for Free
- Guaranteed service
- Dedicated Account Manager
- Discount of 20% on next purchase
- Get personalized market brief from Lead Author
- Printing of Report permitted
- Discount of 20% on next purchase
- 100% Service Guarantee until achievement of ROI
US $5499
Only Five Thousand Four Hundred Ninety Nine US dollar
- Unlimited User Access
- 30% Additional Free Customization
- Exclusive Previews to latest or upcoming reports
- Discount of 30% on next purchase
- 100% Service Guarantee until achievement of ROI