Biofuel Market

Biofuel Market by Fuel Type (Ethanol, Biodiesel, Renewable Diesel, and Biojets), Generation (First Generation, Second Generation, Third Generation), End-use, Application (Transportation, Aviation) and Region - Global Forecast to 2028

Report Code: EP 1512 Sep, 2023, by marketsandmarkets.com

[225 Pages Report] The global biofuel market is estimated to grow from USD 167.4 Billion in 2023 to USD 225.9 Billion by 2028; it is expected to record a CAGR of 6.2% during the forecast period. The growing challenges on energy security and the need to mitigate greenhouse gas emissions are some of the major drivers for the growth of the biofuel market. Fuels derived from renewable sources act as a means of addressing the challenges while also providing a potential low-cost alternative to expensive fossil fuels. Domestic production of biofuels from renewable sources can reduce reliance on oil imports and improve energy security.

Biofuel Market

To know about the assumptions considered for the study, Request for Free Sample Report

Biofuel Market

To know about the assumptions considered for the study, download the pdf brochure

Biofuel Market Dynamics

Driver: Growing demand for cleaner fuels and favorable government policies

The growing demand for cleaner fuels is one of the major factors driving the biofuels market. Biofuels are renewable fuels that can be produced from a variety of biomass sources, such as crops, forestry residues, and municipal wastes. Several countries worldwide are trying to move away from dependence on oil imports. According to the Renewable Energy Directive (RED), the EU had set a goal of covering at least 20% of its total energy demand from renewable sources by 2020. The US Renewable Fuels Standards Program was created to reduce greenhouse gas emissions and expand the US renewable fuel sector. The implementation of stringent environmental regulations in several countries has also created the demand for efficient and less polluting energy sources, thus driving the growth of the biofuel market worldwide. For instance, the launch of the 2019 National Policy on Biofuel and the Food Safety and Standards Authority of India's (FSSAI) Repurposed Used Cooking Oil (RUCO) project has encouraged both established companies as well as startups to join the initiative. By 2040, India's primary energy demand is expected to double, with an increase in the usage of alternative fuels such as biodiesel. Biofuels are the most efficient alternative to fossil fuels, and they can be produced locally. As the final product is typically 95% carbon-free, these fuels also aid in reducing any negative effects on the environment.

Restraint: Requirement of high initial capital investment

The cost of building and operating a biofuels plant or biorefinery is significant, making it difficult for biofuels to compete with fossil fuels. The investment includes costs related to the installation of biorefineries, procurement, testing, maintenance, and cost of feedstock. Biofuel is a capital-intensive undertaking involving state-of-the-art technologies without prior experience or sufficient historical data. Energy-intensive processes require specialized energy production systems to co-generate heat or electricity. These are only a few factors that make investing in biofuels expensive and undesirable. The global inflation rate has been high, in part due to rising food and energy prices. This year, inflation is expected to be 6.6% in advanced economies and 9.5% in emerging markets and developing economies, and it is expected to stay higher for a longer period. Many economies have seen an increase in inflation as a result of supply chain disruptions, which have increased costs.

Opportunities: New oilfield discoveries to promote production activities

Fossil fuel reserves in the earth’s subsurface are limited. A finite resource will eventually run out if it is continuously used up. The demand for fuels is increasing day by day; it will directly drive the continuous rise in cost due to less availability of oil in the earth’s crust. Increased mining and extraction of high quantities of fossil fuels directly impact fossil fuel level depletion. According to Oil–Statistical Review of World Energy 2021, the earth has only the next 53 years of oil reserves left at the current consumption rate. According to the BP Statistical Review of World Energy 2021, fossil fuels accounted for 82% of primary energy use in 2020; in 2019, it was 83%, whereas five years ago, it used to be around 85%. So, as the quantity of fossil fuel reduces because of higher demand and less availability of crude oil, it will automatically impact its use every year. As the world faces the depletion of fossil fuels, many governments are promoting the use of biofuels instead of fossil fuels, creating opportunities for the biofuel industry.

Challenges: Variable and high cost of feedstock

The cost of the feedstock is a significant variable cost factor in the production of biofuel. To achieve high production and the longest possible onstream time, consistent feedstock quality is required. The variable and high feedstock cost is a challenge for the biofuels market. The cost of feedstock can vary depending on several factors, such as the type of feedstock, the location of the plant, and the market conditions. This can make it difficult for biofuels to compete with fossil fuels, which have a more stable price. The cost of different feedstock can vary significantly. For example, the cost of corn is relatively high, while the cost of sugarcane is relatively low. The feedstock cost can also vary depending on the plant’s location. For example, the cost of feedstock in Brazil is relatively low, while the cost in the US is relatively high. The cost of feedstock can also be affected by market conditions. For example, the cost of feedstock can increase during periods of high demand or when there is a shortage of feedstock.

Biofuel Market Ecosystem

In this market, prominent companies stand out as well-established and financially stable providers of biofuel products and services. With years of experience, these companies boast a diverse product portfolio, cutting-edge technologies, and robust global sales and marketing networks. Their proven track record in the industry positions them as reliable and trusted partners for customers seeking biofuel solutions. These companies have demonstrated their ability to adapt to market dynamics and consistently deliver high-quality products and services, making them leaders in meeting the demands of the oil and gas sector. Prominent companies in this market include ADM (US), Chevron (US), Valero (US), Neste (Finland), and Cargill, Incorporated (US).

Biofuel Market

The biojets segment, by fuel type, is expected to be the fastest-growing market during the forecast period.

This report segments the biofuel market based on fuel type into four types: ethanol, biodiesel, renewable diesel, and biojets. The biojets segment is expected to be the fastest-growing market during the forecast period. The growing investment in the production of sustainable aviation fuel is one of the key factors driving the biojets segment. Governments and international organizations are implementing regulations and targets to reduce aviation emissions. For instance, the International Civil Aviation Organisation (ICAO) has established industry-wide emission reduction targets. Incentives and mandates for the use of sustainable aviation fuels are frequently included in these regulations, boosting its adoption.

By end use, transportation is expected to be the largest segment during the forecast period.

This report segments the biofuel market based on end use into three segments: transportation, aviation, and others. The transportation sector is a major source of greenhouse gas emissions. Biofuels can assist in lowering these emissions because they emit less carbon dioxide when burned as compared to fossil fuels. Governments worldwide have introduced regulations to encourage the use of renewable energy, such as biofuels. For instance, the European Union, has set a target to decarbonize the transport sector by 15% by 2025 and 30% by 2030.

“North America: The largest in the biofuel market.”

North America is expected to be the largest region in the biofuel market between 2023–2028, followed by Europe and Asia Pacific. North America has been leading the biofuel market. The regional biofuel market is experiencing growth due to the presence of leading solution providers like ADM (US), Chevron (US), Valero (US), and Cargill, Incorporated (US). Notably, Valero invested around USD 315 million in January 2023 to enhance biofuel (sustainable aviation fuel) production, catering to North America's expanding market.

Biofuel Market Size, and Share

Key Market Players

The biofuel market is dominated by a few major players that have a wide regional presence. The major players in the biofuel market include ADM (US), Chevron (US), Valero (US), Neste (Finland), and Cargill, Incorporated (US). Between 2018 and 2023, Strategies such as new product launches, contracts, agreements, acquisitions, and expansions are followed by these companies to capture a larger share of the biofuel market.

Get online access to the report on the World's First Market Intelligence Cloud

  • Easy to Download Historical Data & Forecast Numbers
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
Request Sample

Scope of the Report

Report Metric

Details

Market size available for years

2019–2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD Million/Billion)

Segments Covered

Biofuel market by Fuel Type, Generation, End Use, and Region.

Geographies covered

Asia Pacific, North America, Europe, and Rest of the World

Companies covered

ADM (US), Chevron (US), Valero (US), Neste (Finland), Cargill, Incorporated (US), Wilmar International Ltd (Singapore), VERBIO AG (Germany), Borregaard AS (Norway), POET, LLC (US), The Andersons, Inc. (US), and Green Plains Inc. (US), BP p.l.c. (UK), FutureFuel Corporation (US), Münzer Bioindustrie GmbH (Austria), Aemetis, Inc. (US), CropEnergies AG (Germany), Raízen (Brazil), Blue Biofuels, Inc. (US), Pannonia Bio Zrt. (Hungary), GreenJoules (India), and Algenol (US).

This research report categorizes the biofuel market based on fuel type, generation, end use, and region.

On the basis of Fuel Type:
  • Ethanol
  • Biodiesel
  • Renewable Diesel
  • Biojets
On the basis of Generation:
  • First Generation
  • Second Generation
  • Third Generation
On the basis of End-Use:
  • Transportation
  • Aviation
  • Others
    • Power Generation
    • Heating
    • Green Chemistry
On the basis of Region:
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Recent Developments

  • In May 2023, Neste and ITOCHU entered into a licencing agreement that will allow ITOCHU to become the official distributor of Neste MY Renewable Diesel in Japan.
  • In February 2023, Neste opened an Innovation Centre in Singapore to improve its worldwide innovation and R&D capabilities. Asia has been an important market for Neste, and the new center will help the company's growth in the Asia-Pacific region.
  • In June 2022, Cargill established its first state-of-the-art advanced biodiesel plant in Ghent, Belgium. This facility turns waste oils and residues into renewable fuel. The advanced biodiesel generated at the facility will be used in the maritime and trucking industries, allowing clients to reduce their carbon footprint connected with maritime and road transport activities.
  • In March 2022, Chevron Renewable Energy Group launched its line of branded fuel solutions, EnDura Fuels, the line which produced many types of renewable fuel including InfinD, PuriD which is next-generation biodiesel, UltraClean BlenDVelociD, and beyond. These products help aviation, marine, trucking, rail, and other industries reach sustainability targets by using cleaner-burning and lower-emission fuels.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 27)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 BIOFUEL MARKET: SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 VOLUME UNIT CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 IMPACT OF RECESSION 
 
2 RESEARCH METHODOLOGY (Page No. - 32)
    2.1 RESEARCH DATA 
           FIGURE 2 BIOFUEL MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    FIGURE 3 KEY DATA FROM PRIMARY SOURCES
                    2.1.2.1 Breakdown of primaries
                               FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION,  AND REGION
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 5 DATA TRIANGULATION METHODOLOGY
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.3.3 DEMAND-SIDE ANALYSIS
                    FIGURE 8 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR BIOFUELS
                    2.3.3.1 Demand-side calculations
                    2.3.3.2 Demand-side assumptions
           2.3.4 SUPPLY-SIDE ANALYSIS
                    FIGURE 9 BIOFUEL MARKET: SUPPLY-SIDE ANALYSIS
                    2.3.4.1 Supply-side calculations
                    2.3.4.2 Supply-side assumptions
           2.3.5 GROWTH FORECAST
           2.3.6 RECESSION IMPACT
 
3 EXECUTIVE SUMMARY (Page No. - 43)
    TABLE 1 BIOFUEL MARKET SNAPSHOT 
    FIGURE 10 ETHANOL SEGMENT TO HOLD LARGEST SHARE OF MARKET,  BY FUEL TYPE, IN 2028 
    FIGURE 11 TRANSPORTATION SEGMENT TO LEAD MARKET, BY END USE, IN 2028 
    FIGURE 12 FIRST-GENERATION BIOFUELS TO HOLD LARGEST SHARE OF MARKET, BY GENERATION, IN 2028 
    FIGURE 13 NORTH AMERICA DOMINATED BIOFUEL MARKET, BY REGION, IN 2022 
 
4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BIOFUEL MARKET 
           FIGURE 14 INCREASING GLOBAL FOCUS ON GHG EMISSION REDUCTION AND ENERGY SUFFICIENCY TO DRIVE MARKET
    4.2 MARKET IN NORTH AMERICA, BY FUEL TYPE AND COUNTRY 
           FIGURE 15 ETHANOL AND US HELD LARGEST MARKET SHARES IN NORTH AMERICA IN 2022
    4.3 MARKET, BY REGION 
           FIGURE 16 BIOFUEL MARKET IN EUROPE TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
    4.4 MARKET, BY GENERATION 
           FIGURE 17 FIRST-GENERATION BIOFUELS HELD LARGEST MARKET SHARE IN 2022
    4.5 MARKET, BY FUEL TYPE 
           FIGURE 18 ETHANOL SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
    4.6 MARKET, BY END USE 
           FIGURE 19 TRANSPORTATION CAPTURED MAJOR MARKET SHARE IN 2022
 
5 MARKET OVERVIEW (Page No. - 50)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 20 BIOFUEL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,  AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Favorable government policies promoting use of biofuels
                    5.2.1.2 Rising demand for cleaner fuels worldwide
                    5.2.1.3 Growing awareness of utilizing renewable sources to reduce greenhouse gas emissions
           5.2.2 RESTRAINTS
                    5.2.2.1 Requirement for high initial capital investment
                    5.2.2.2 Uncertain economic conditions globally
           5.2.3 OPPORTUNITIES
                    5.2.3.1 High depletion rate of fossil fuels
           5.2.4 CHALLENGES
                    5.2.4.1 High variable costs of feedstock
                    5.2.4.2 High cost of setting up biofuel plants
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 21 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR BIOFUEL PROVIDERS
    5.4 SUPPLY CHAIN ANALYSIS 
           FIGURE 22 BIOFUEL MARKET: SUPPLY CHAIN ANALYSIS
           TABLE 2 MARKET: SUPPLY CHAIN ANALYSIS
           5.4.1 FEEDSTOCK PROVIDERS/TECHNOLOGY AND EPC PROVIDERS
           5.4.2 BIOFUEL PRODUCERS/SUPPLIERS
           5.4.3 END USERS
    5.5 ECOSYSTEM/MARKET MAP 
           FIGURE 23 ECOSYSTEM ANALYSIS
    5.6 TECHNOLOGY ANALYSIS 
           5.6.1 TECHNOLOGY TRENDS IN MARKET
           5.6.2 IMPLEMENTATION OF MACHINE LEARNING IN BIOFUEL MANUFACTURING PROCESS
           5.6.3 IOT-CONNECTED BIOFUEL PLANTS
    5.7 PATENT ANALYSIS 
           FIGURE 24 MARKET: PATENT REGISTRATIONS, 2012–2022
           5.7.1 LIST OF MAJOR PATENTS
                    TABLE 3 MARKET: INNOVATIONS AND PATENT REGISTRATIONS, MARCH 2019–SEPTEMBER 2023
    5.8 TRADE ANALYSIS 
           5.8.1 IMPORT SCENARIO
                    TABLE 4 IMPORT DATA FOR HS CODE 3826, BY COUNTRY, 2020–2022 (USD THOUSAND)
                    FIGURE 25 IMPORT DATA, BY TOP FIVE COUNTRIES, 2020–2022 (USD THOUSAND)
           5.8.2 EXPORT SCENARIO
                    TABLE 5 EXPORT SCENARIO FOR HS CODE 3826, BY COUNTRY, 2020–2022 (USD THOUSAND)
                    FIGURE 26 EXPORT DATA, BY TOP FIVE COUNTRIES, 2020–2022 (USD THOUSAND)
    5.9 PRICING ANALYSIS 
           5.9.1 INDICATIVE PRICING ANALYSIS OF BIOFUELS, BY FUEL TYPE
                    TABLE 6 INDICATIVE PRICING ANALYSIS OF BIOFUELS, BY FUEL TYPE, 2022
           5.9.2 AVERAGE SELLING PRICE TREND, BY REGION
                    TABLE 7 AVERAGE SELLING PRICE TREND, BY REGION, 2022
           5.9.3 INDICATIVE PRICING ANALYSIS OF BIOFUELS, BY END USE
                    TABLE 8 INDICATIVE PRICING ANALYSIS OF BIOFUELS, BY END USE, 2022
    5.10 TARIFFS, CODES, AND REGULATORY BODIES 
           5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.11 PORTER'S FIVE FORCES ANALYSIS 
                    FIGURE 27 MARKET: PORTER'S FIVE FORCES ANALYSIS
                    TABLE 9 MARKET: PORTER'S FIVE FORCES ANALYSIS
           5.11.1 THREAT OF SUBSTITUTES
           5.11.2 BARGAINING POWER OF SUPPLIERS
           5.11.3 BARGAINING POWER OF BUYERS
           5.11.4 THREAT OF NEW ENTRANTS
           5.11.5 INTENSITY OF COMPETITIVE RIVALRY
    5.12 CASE STUDY ANALYSIS 
    5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 28 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY END USE
                    TABLE 10 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY END USE
           5.13.2 BUYING CRITERIA
                    FIGURE 29 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP TWO PRODUCTS
                    TABLE 11 KEY BUYING CRITERIA FOR TOP TWO PRODUCTS
    5.14 KEY CONFERENCES AND EVENTS, 2023–2024 
                    TABLE 12 BIOFUEL MARKET: LIST OF CONFERENCES AND EVENTS
 
6 DIFFERENT FORMS OF BIOFUEL (Page No. - 82)
    6.1 INTRODUCTION 
    6.2 LIQUID 
           6.2.1 ETHANOL
           6.2.2 BIODIESEL
           6.2.3 RENEWABLE DIESEL
           6.2.4 BIOJET
    6.3 GASEOUS 
           6.3.1 BIOGAS
           6.3.2 BIOMETHANE
           6.3.3 BIOHYDROGEN
    6.4 SOLID 
 
7 BIOFUEL MARKET, BY FUEL TYPE (Page No. - 86)
    7.1 INTRODUCTION 
           FIGURE 30 BIOFUEL MARKET, BY FUEL TYPE, 2022
           TABLE 13 MARKET, BY FUEL TYPE, 2019–2022 (USD BILLION)
           TABLE 14 MARKET, BY FUEL TYPE, 2023–2028 (USD BILLION)
           TABLE 15 MARKET, BY FUEL TYPE, 2019–2022 (BILLION LITERS)
           TABLE 16 MARKET, BY FUEL TYPE, 2023–2028 (BILLION LITERS)
    7.2 ETHANOL 
           7.2.1 INCREASING CONCERNS OVER FOOD SECURITY TO ACCELERATE USE OF ETHANOL BLENDS
                    TABLE 17 ETHANOL: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 18 ETHANOL: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.3 BIODIESEL 
           7.3.1 RISING USE OF BIODIESEL AS TRANSPORTATION FUEL TO DRIVE DEMAND
                    TABLE 19 BIODIESEL: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 20 BIODIESEL: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.4 RENEWABLE DIESEL 
           7.4.1 GROWING FOCUS ON REDUCING CARBON EMISSIONS TO BOOST MARKET
                    TABLE 21 RENEWABLE DIESEL: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 22 RENEWABLE DIESEL: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.5 BIOJET 
           7.5.1 SURGING REQUIREMENT TO REDUCE CO2 AND GHG EMISSIONS IN AVIATION SECTOR TO PROPEL SEGMENTAL GROWTH
                    TABLE 23 BIOJET: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 24 BIOJET: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
8 BIOFUEL MARKET, BY END USE (Page No. - 93)
    8.1 INTRODUCTION 
           FIGURE 31 TRANSPORTATION SEGMENT TO DOMINATE MARKET IN 2028
           TABLE 25 MARKET, BY END USE, 2019–2022 (USD BILLION)
           TABLE 26 MARKET, BY END USE, 2023–2028 (USD BILLION)
    8.2 TRANSPORTATION 
           8.2.1 BIOFUEL BLENDING MANDATES AND SUBSIDIES TO BOOST DEMAND FOR BIOFUELS
                    TABLE 27 TRANSPORTATION: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 28 TRANSPORTATION: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.3 AVIATION 
           8.3.1 DROP-IN CAPABILITY OF BIOFUELS WITHOUT NEEDING TO REWORK AIRCRAFT INFRASTRUCTURE TO PROPEL MARKET
                    TABLE 29 AVIATION: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 30 AVIATION: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.4 OTHER END USES 
           TABLE 31 OTHER END USES: MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 32 OTHER END USES: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
9 BIOFUEL MARKET, BY GENERATION (Page No. - 99)
    9.1 INTRODUCTION 
           FIGURE 32 MARKET, BY GENERATION, 2022
           TABLE 33 MARKET, BY GENERATION, 2019–2022 (USD BILLION)
           TABLE 34 MARKET, BY GENERATION, 2023–2028 (USD BILLION)
    9.2 FIRST GENERATION 
           9.2.1 EASY AVAILABILITY OF FEEDSTOCK TO BOOST DEMAND
                    TABLE 35 FIRST GENERATION: MARKET, BY FEEDSTOCK, 2019–2022 (USD BILLION)
                    TABLE 36 FIRST GENERATION: MARKET, BY FEEDSTOCK, 2023–2028 (USD BILLION)
                    TABLE 37 FIRST GENERATION: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 38 FIRST GENERATION: MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.3 SECOND GENERATION 
           9.3.1 TRANSITION TOWARD CLEAN ENERGY ECONOMY TO SUPPORT MARKET GROWTH
                    TABLE 39 SECOND GENERATION: MARKET, BY FEEDSTOCK, 2019–2022 (USD BILLION)
                    TABLE 40 SECOND GENERATION: MARKET, BY FEEDSTOCK, 2023–2028 (USD BILLION)
                    TABLE 41 SECOND GENERATION: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 42 SECOND GENERATION: MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.4 THIRD GENERATION 
           9.4.1 RISE IN DEMAND FOR ALGAE-BASED BIOFUELS TO DRIVE MARKET
                    TABLE 43 THIRD GENERATION: MARKET, BY FEEDSTOCK, 2019–2022 (USD BILLION)
                    TABLE 44 THIRD GENERATION: MARKET, BY FEEDSTOCK, 2023–2028 (USD BILLION)
                    TABLE 45 THIRD GENERATION: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 46 THIRD GENERATION: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
10 BIOFUEL MARKET, BY REGION (Page No. - 108)
     10.1 INTRODUCTION 
               FIGURE 33 EUROPE TO EXHIBIT FASTEST CAGR DURING FORECAST PERIOD
               FIGURE 34 NORTH AMERICA DOMINATED BIOFUEL MARKET IN 2022
               TABLE 47 MARKET, BY REGION, 2019–2022 (USD BILLION)
               TABLE 48 MARKET, BY REGION, 2023–2028 (USD BILLION)
     10.2 NORTH AMERICA 
             10.2.1 IMPACT OF RECESSION ON BIOFUEL MARKET IN NORTH AMERICA
                       FIGURE 35 NORTH AMERICA: MARKET SNAPSHOT
                       TABLE 49 NORTH AMERICA: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                       TABLE 50 NORTH AMERICA: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
                       TABLE 51 NORTH AMERICA: MARKET, BY GENERATION, 2019–2022 (USD MILLION)
                       TABLE 52 NORTH AMERICA: MARKET, BY GENERATION, 2023–2028 (USD MILLION)
                       TABLE 53 NORTH AMERICA: MARKET, BY END USE, 2019–2022 (USD MILLION)
                       TABLE 54 NORTH AMERICA: MARKET, BY END USE, 2023–2028 (USD MILLION)
                       TABLE 55 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                       TABLE 56 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             10.2.2 US
                       10.2.2.1 Government support, environmental concerns, and energy security to drive market
                                   TABLE 57 US: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                                   TABLE 58 US: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
             10.2.3 CANADA
                       10.2.3.1 Clean fuel regulations and stringent carbon reduction goals to boost demand for biofuels
                                   TABLE 59 CANADA: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                                   TABLE 60 CANADA: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
             10.2.4 MEXICO
                       10.2.4.1 Enforcement of policies liberalizing trade of biofuel products to drive market
                                   TABLE 61 MEXICO: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                                   TABLE 62 MEXICO: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
     10.3 EUROPE 
             10.3.1 IMPACT OF RECESSION ON MARKET IN EUROPE
                       FIGURE 36 EUROPE: MARKET SNAPSHOT
                       TABLE 63 EUROPE: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                       TABLE 64 EUROPE: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
                       TABLE 65 EUROPE: MARKET, BY GENERATION, 2019–2022 (USD MILLION)
                       TABLE 66 EUROPE: MARKET, BY GENERATION, 2023–2028 (USD MILLION)
                       TABLE 67 EUROPE: MARKET, BY END USE, 2019–2022 (USD MILLION)
                       TABLE 68 EUROPE: MARKET, BY END USE, 2023–2028 (USD MILLION)
                       TABLE 69 EUROPE: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                       TABLE 70 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             10.3.2 FRANCE
                       10.3.2.1 Development of sustainable biofuels from non-food feedstocks to foster market growth
                                   TABLE 71 FRANCE: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                                   TABLE 72 FRANCE: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
             10.3.3 UK
                       10.3.3.1 Rising fossil fuel prices and environmental concerns to accelerate demand for biofuels
                                   TABLE 73 UK: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                                   TABLE 74 UK: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
             10.3.4 GERMANY
                       10.3.4.1 Biofuel blending mandates to support market growth
                                   TABLE 75 GERMANY: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                                   TABLE 76 GERMANY: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
             10.3.5 POLAND
                       10.3.5.1 Favorable policies to support development and use of biofuels to fuel market growth
                                   TABLE 77 POLAND: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                                   TABLE 78 POLAND: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
             10.3.6 REST OF EUROPE
                       TABLE 79 REST OF EUROPE: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                       TABLE 80 REST OF EUROPE: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
     10.4 ASIA PACIFIC 
             10.4.1 IMPACT OF RECESSION ON MARKET IN ASIA PACIFIC
                       TABLE 81 ASIA PACIFIC: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                       TABLE 82 ASIA PACIFIC: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
                       TABLE 83 ASIA PACIFIC: MARKET, BY GENERATION, 2019–2022 (USD MILLION)
                       TABLE 84 ASIA PACIFIC: MARKET, BY GENERATION, 2023–2028 (USD MILLION)
                       TABLE 85 ASIA PACIFIC: MARKET, BY END USE, 2019–2022 (USD MILLION)
                       TABLE 86 ASIA PACIFIC: MARKET, BY END USE, 2023–2028 (USD MILLION)
                       TABLE 87 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                       TABLE 88 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             10.4.2 CHINA
                       10.4.2.1 Growing export of biodiesel to drive market
                                   TABLE 89 CHINA: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                                   TABLE 90 CHINA: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
             10.4.3 INDIA
                       10.4.3.1 Significant investments in ethanol production and R&D to contribute to market growth
                                   TABLE 91 INDIA: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                                   TABLE 92 INDIA: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
             10.4.4 INDONESIA
                       10.4.4.1 Rising adoption of biodiesel to accelerate market growth
                                   TABLE 93 INDONESIA: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                                   TABLE 94 INDONESIA: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
             10.4.5 THAILAND
                       10.4.5.1 Positive initiatives undertaken by government to support market growth
                                   TABLE 95 THAILAND: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                                   TABLE 96 THAILAND: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
             10.4.6 REST OF ASIA PACIFIC
                       TABLE 97 REST OF ASIA PACIFIC: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                       TABLE 98 REST OF ASIA PACIFIC: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
     10.5 ROW 
             10.5.1 IMPACT OF RECESSION ON MARKET IN ROW
                       TABLE 99 ROW: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                       TABLE 100 ROW: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
                       TABLE 101 ROW: MARKET, BY GENERATION, 2019–2022 (USD MILLION)
                       TABLE 102 ROW: MARKET, BY GENERATION, 2023–2028 (USD MILLION)
                       TABLE 103 ROW: MARKET, BY END USE, 2019–2022 (USD MILLION)
                       TABLE 104 ROW: MARKET, BY END USE, 2023–2028 (USD MILLION)
                       TABLE 105 ROW: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                       TABLE 106 ROW: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             10.5.2 BRAZIL
                       10.5.2.1 Significant investments in new biorefinery projects to drive market
                                   TABLE 107 BRAZIL: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                                   TABLE 108 BRAZIL: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
             10.5.3 ARGENTINA
                       10.5.3.1 Rising use of bioethanol in fuel blends to boost demand
                                   TABLE 109 ARGENTINA: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                                   TABLE 110 ARGENTINA: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
             10.5.4 COLOMBIA
                       10.5.4.1 High domestic production of ethanol to boost market
                                   TABLE 111 COLOMBIA: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                                   TABLE 112 COLOMBIA: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
             10.5.5 OTHER COUNTRIES
                       TABLE 113 OTHER COUNTRIES: MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
                       TABLE 114 OTHER COUNTRIES: MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
 
11 COMPETITIVE LANDSCAPE (Page No. - 145)
     11.1 OVERVIEW 
             11.1.1 KEY PLAYER STRATEGIES
                       TABLE 115 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
     11.2 MARKET SHARE ANALYSIS, 2022 
               TABLE 116 MARKET: DEGREE OF COMPETITION
               FIGURE 37 MARKET: MARKET SHARE ANALYSIS, 2022
     11.3 MARKET EVALUATION FRAMEWORK, 2019–2023 
               TABLE 117 MARKET: MARKET EVALUATION FRAMEWORK, 2019–2023
     11.4 REVENUE ANALYSIS, 2018–2022 
               FIGURE 38 MARKET: REVENUE ANALYSIS, 2018–2022
     11.5 KEY COMPANY EVALUATION MATRIX, 2022 
             11.5.1 STARS
             11.5.2 EMERGING LEADERS
             11.5.3 PERVASIVE PLAYERS
             11.5.4 PARTICIPANTS
                       FIGURE 39 MARKET: KEY COMPANY EVALUATION MATRIX, 2022
     11.6 COMPANY FOOTPRINT 
               TABLE 118 FUEL TYPE: COMPANY FOOTPRINT
               TABLE 119 GENERATION: COMPANY FOOTPRINT
               TABLE 120 END USE: COMPANY FOOTPRINT
               TABLE 121 REGION: COMPANY FOOTPRINT
     11.7 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022 
             11.7.1 PROGRESSIVE COMPANIES
             11.7.2 RESPONSIVE COMPANIES
             11.7.3 DYNAMIC COMPANIES
             11.7.4 STARTING BLOCKS
                       FIGURE 40 MARKET: STARTUPS/SMES EVALUATION MATRIX, 2022
     11.8 COMPETITIVE BENCHMARKING 
               TABLE 122 MARKET: LIST OF KEY STARTUPS/SMES
               TABLE 123 FUEL TYPE: STARTUPS/SMES FOOTPRINT
               TABLE 124 GENERATION: STARTUPS/SMES FOOTPRINT
               TABLE 125 END USE: KEY PLAYERS
               TABLE 126 REGION: STARTUPS/SMES FOOTPRINT
     11.9 COMPETITIVE SCENARIOS AND TRENDS 
             11.9.1 PRODUCT LAUNCHES
                       TABLE 127 MARKET: PRODUCT LAUNCHES, 2019–2023
             11.9.2 DEALS
                       TABLE 128 MARKET: DEALS, 2018–2023
             11.9.3 OTHERS
                       TABLE 129 BIOFUEL MARKET: OTHERS, 2019–2023
 
12 COMPANY PROFILES (Page No. - 163)
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
     12.1 KEY PLAYERS 
             12.1.1 ADM
                       TABLE 130 ADM: COMPANY OVERVIEW
                       FIGURE 41 ADM: COMPANY SNAPSHOT
                       TABLE 131 ADM: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 132 ADM: DEALS
                       TABLE 133 ADM: OTHERS
             12.1.2 VALERO
                       TABLE 134 VALERO: COMPANY OVERVIEW
                       FIGURE 42 VALERO: COMPANY SNAPSHOT
                       TABLE 135 VALERO: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 136 VALERO: DEALS
                       TABLE 137 VALERO: OTHERS
             12.1.3 NESTE
                       TABLE 138 NESTE: COMPANY OVERVIEW
                       FIGURE 43 NESTE: COMPANY SNAPSHOT
                       TABLE 139 NESTE: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 140 NESTE: DEALS
                       TABLE 141 NESTE: OTHERS
             12.1.4 GREEN PLAINS INC.
                       TABLE 142 GREEN PLAINS INC.: COMPANY OVERVIEW
                       FIGURE 44 GREEN PLAINS INC.: COMPANY SNAPSHOT
                       TABLE 143 GREEN PLAINS INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 144 GREEN PLAINS INC.: DEALS
                       TABLE 145 GREEN PLAINS INC.: OTHERS
             12.1.5 POET, LLC.
                       TABLE 146 POET, LLC: COMPANY OVERVIEW
                       TABLE 147 POET, LLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 148 POET, LLC: DEALS
                       TABLE 149 POET, LLC: OTHERS
             12.1.6 CHEVRON CORPORATION (CHEVRON RENEWABLE ENERGY GROUP)
                       TABLE 150 CHEVRON CORPORATION: COMPANY OVERVIEW
                       FIGURE 45 CHEVRON CORPORATION: COMPANY SNAPSHOT
                       TABLE 151 CHEVRON CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 152 CHEVRON CORPORATION: PRODUCT LAUNCHES
                       TABLE 153 CHEVRON CORPORATION: DEALS
                       TABLE 154 CHEVRON CORPORATION: OTHERS
             12.1.7 CARGILL, INCORPORATED
                       TABLE 155 CARGILL, INCORPORATED: COMPANY OVERVIEW
                       FIGURE 46 CARGILL, INCORPORATED: COMPANY SNAPSHOT
                       TABLE 156 CARGILL, INCORPORATED: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 157 CARGILL, INCORPORATED: DEALS
                       TABLE 158 CARGILL, INCORPORATED: OTHERS
             12.1.8 WILMAR INTERNATIONAL LTD
                       TABLE 159 WILMAR INTERNATIONAL LTD: COMPANY OVERVIEW
                       FIGURE 47 WILMAR INTERNATIONAL LTD: COMPANY SNAPSHOT
                       TABLE 160 WILMAR INTERNATIONAL LTD: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.9 THE ANDERSONS, INC.
                       TABLE 161 THE ANDERSONS, INC.: COMPANY OVERVIEW
                       FIGURE 48 THE ANDERSONS, INC.: COMPANY SNAPSHOT
                       TABLE 162 THE ANDERSONS, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 163 THE ANDERSONS, INC.: DEALS
             12.1.10 VERBIO AG
                       TABLE 164 VERBIO AG: COMPANY OVERVIEW
                       FIGURE 49 VERBIO AG: COMPANY SNAPSHOT
                       TABLE 165 VERBIO AG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 166 VERBIO AG: DEALS
                       TABLE 167 VERBIO AG: OTHERS
             12.1.11 BORREGAARD AS
                       TABLE 168 BORREGAARD AS: COMPANY OVERVIEW
                       FIGURE 50 BORREGAARD AS: COMPANY SNAPSHOT
                       TABLE 169 BORREGAARD AS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 170 BORREGAARD AS: OTHERS
             12.1.12 AEMETIS, INC.
                       TABLE 171 AEMETIS, INC.: COMPANY OVERVIEW
                       FIGURE 51 AEMETIS, INC.: COMPANY SNAPSHOT
                       TABLE 172 AEMETIS, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 173 AEMETIS, INC.: DEALS
                       TABLE 174 AEMETIS, INC.: OTHERS
             12.1.13 RAÍZEN
                       TABLE 175 RAÍZEN: COMPANY OVERVIEW
                       FIGURE 52 RAÍZEN: COMPANY SNAPSHOT
                       TABLE 176 RAÍZEN: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 177 RAÍZEN: DEALS
                       TABLE 178 RAÍZEN: OTHERS
               12.1.14 FUTUREFUEL CORPORATION
                       TABLE 179 FUTUREFUEL CORPORATION: COMPANY OVERVIEW
                       FIGURE 53 FUTUREFUEL CORPORATION: COMPANY SNAPSHOT
                       TABLE 180 FUTUREFUEL CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
     12.2 OTHER PLAYERS 
             12.2.1 CROPENERGIES AG
             12.2.2 BP P.L.C.
             12.2.3 MÜNZER BIOINDUSTRIE GMBH
             12.2.4 ALGENOL
             12.2.5 PANNONIA BIO ZRT.
             12.2.6 BLUE BIOFUELS, INC.
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
 
13 APPENDIX (Page No. - 217)
     13.1 INSIGHTS FROM INDUSTRY EXPERTS 
     13.2 DISCUSSION GUIDE 
     13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     13.4 CUSTOMIZATION OPTIONS 
     13.5 RELATED REPORTS 
     13.6 AUTHOR DETAILS 

 

The study involved major activities in estimating the current size of the biofuel market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

This research study on the biofuel market involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg, Factiva, IRENA, International Energy Agency, and Statista Industry Journal, to collect and identify information useful for a technical, market-oriented, and commercial study of the biofuel market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The biofuel market comprises several stakeholders, such as feedstock providers, biofuel manufacturers and distributors, and end users in the supply chain. The demand side of this market is characterized by the rising demand for various fuel types of biofuels such as ethanol, biodiesel, renewable diesel, and biojets. The supply side is characterized by rising demand for contracts from the transport sector and mergers & acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Biofuel Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the biofuel market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share has been determined through primary and secondary research.
  • The industry’s value chain and market size, in terms of value, have been determined through both primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Biofuel Market Size: Top-Down Approach

Biofuel Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Biofuel Market Size: Bottom-Up Approach

Biofuel Market Size, and Share

Data Triangulation

After arriving at the overall market size from the above estimation process, the total market has been split into several segments and subsegments. Data triangulation and market breakdown processes have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Market Definition

  • Biofuel is produced from biomass, which is organic matter from living or recently living organisms. Biomass can be used to produce a variety of fuels, including ethanol, biodiesel, renewable diesel, and biojets. Biofuels are a renewable energy source because they can be produced from plant matter that can be grown and harvested on a regular basis.
  • The market for biofuels is defined as the sum of revenues generated by global companies offering biofuels, such as ethanol, biodiesel, renewable diesel, and biojets. Biofuels can be utilized in various applications such as transportation, aviation, power generation, heating, and other applications.

Key Stakeholders

  • Biofuel vendors
  • Bio-based products and bioenergy dealers and suppliers
  • Consulting companies in the energy & power sector
  • Energy regulators
  • Government and research organizations
  • Power and energy associations
  • Repairs and maintenance service providers
  • State and national regulatory authorities
  • End-use industries
  • Research and consulting companies in the clean energy generation sector
  • Organizations, forums, alliances, and associations
  • Industrial authorities and associations
  • State and national regulatory authorities
  • Research institutes

Objectives of the Study

  • To describe, segment, and forecast the biofuel market on the basis of fuel type, generation, end-use, and region in terms of value.
  • To forecast the biofuel market size by fuel type in terms of volume
  • To forecast the market size across four key regions: North America, Europe, Asia Pacific, and Rest of the World (RoW), along with country-level analysis
  • To provide detailed information regarding key drivers, restraints, opportunities, and challenges influencing the market growth
  • To provide the supply chain analysis, trends/disruptions impacting customers’ businesses, market map, pricing analysis, and regulatory analysis of the biofuel market
  • To analyze opportunities for stakeholders and provide a detailed competitive landscape of the market leaders  
  • To strategically analyze the ecosystem, tariffs and regulations, patent landscape, trade landscape, Porter’s five forces, and case studies pertaining to the market under study
  • To benchmark players within the market using the company evaluation matrix, which analyzes market players based on several parameters within the broad categories of business and product strategies
  • To compare key market players with respect to product specifications and applications
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • To analyze competitive developments, such as contracts, agreements, investments, expansions, acquisitions, product launches, partnerships, joint ventures, and collaborations, in the biofuel market.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Product Analysis

  • Product Matrix, which provides a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analyses and profiling of additional market players
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Request Customization
Report Code
EP 1512
Published ON
Sep, 2023
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Biofuel Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status Website Feedback