Chemical and Materials

Image

Global Biofuels Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Jun 2023
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Biofuels Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 2862.25 Million
Diagram Market Size (Forecast Year) USD 4917.88 Million
Diagram CAGR %

Global Biofuels Market, By Fuel Type (Biodiesel, Ethanol, Bioethanol, Propanol, Butanol, Methanol, Biogas), Form (Solid, Fuel Pellets Liquid, Gaseous), Feedstock Type (Palm Oil, Jatropha, Sugar Crop, Coarse Grain, Others) – Industry Trends and Forecast to 2030.

Biofuels Market Analysis and Size

The limited availability of fossil fuel-based resources and growing awareness about curbing carbon emissions are the factors that are likely to boost the growth of the market. The U.S. has been the leading country in developing and utilizing biofuel globally. Growing demand for environment-friendly fuel in road transportation, rising awareness about renewables, and rising focus on lowering greenhouse gas emissions are major growth drivers of the biofuels market.

Data Bridge Market Research analyses that the biofuels market, which was USD  2,862.25 million in 2022, would rocket up to USD  4,917.88 million by 2030 and is expected to undergo a CAGR of 7.0% during the forecast period. "Biogas" dominates the fuel type segment of the biofuels market owing to the shift in focus of countries toward using renewable sources, particularly for electricity generation, which has significantly driven the global demand for biogas. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Biofuels Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Fuel Type (Biodiesel, Ethanol, Bioethanol, Propanol, Butanol, Methanol, Biogas), Form (Solid, Fuel Pellets Liquid, Gaseous), Feedstock Type (Palm Oil, Jatropha, Sugar Crop, Coarse Grain, Others)

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.

Market Players Covered

Biofuels Digest. (U.S.), Neste Niederlande B.V. (Netherlands), Infinita Biotech Private Limited. (France), Gruppo Marseglia (Italy), Glencore (Switzerland), Louis Dreyfus Company (Netherlands), Chevron (U.S.), R.B. Fuels (U.S.), Ag Processing Inc. (U.S.), Elevance Health. (U.S.), Marathon Petroleum Corporation (U.S.), Evergreen Biofuels Holding Sdn Bhd (U.S.), Minnesota Soybean Processors (U.S.), CropEnergies AG (Germany), E.N.F. Ltd. (U.K.)

Market Opportunities

  • Growing demand for eco-friendly energy resources
  • Significant investments in research and development activities

Market Definition

Biofuels are gaseous or liquid substances produced from biomass that can be used as an alternative to various fossil fuels. They are the leading solution for energy, environmental, and economic security issues associated with petroleum and petro-products dependency.

Biofuels Market Dynamics

Driver

  • Numerous benefits of biofuels

With the rising need for environment-friendly energy sources, scientists are racing against time to develop the most efficient energy source. Biofuels, as of now, are leading the contenders. They are also highly used across the automobile sector as an alternative to vehicular fuels. These factors are driving the growth of the market over the forecasted period.

Opportunity

  • Regulations boosting demands for eco-friendly energy resources

The favorable initiatives by the government associated with environmental regulations to increase demand for bio-source-based energy resources will further extend profitable opportunities to the market players from 2023 to 2030. The European Commission and other federal government agencies create new laws and regulations, such as the Eco-product Certification Scheme (E.C.S.). These regulations guarantee low or no harmful emissions and a green and sustainable environment. To produce more environmentally friendly fuels, these regulations incentivize coatings companies to invest in bio-based sources for fuels. Government regulations in the U.S. and Western Europe, especially those about air pollution, will continue to support cutting-edge, low-pollution coating technology.

Restraint/Challenge

  • Fluctuations in raw material prices

The inconsistent raw material prices have a direct negative impact on the overall market's growth. The rising prices of biofuels have resulted in decreased demands across major sectors. As a result, these fluctuations will pose a major challenge to the biofuels market growth rate.

This biofuels market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. Contact Data Bridge Market Research for an Analyst Brief to gain more info on the biofuels market. Our team will help you make an informed decision to achieve market growth.

This biofuels market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. Contact Data Bridge Market Research for an Analyst Brief to gain more info on the biofuels market. Our team will help you make an informed decision to achieve market growth.

Recent Developments

  • In January 2023, Zagros Petrochemical Company and China's Dalian Petrochemical Company entered into a deal to establish a methanol-to-synthetic ethanol conversion plant in Iran, which would be the first ethanol plant for Iran. The plant is estimated to have a production capacity of 300,000 tons and will be commissioned within three years.

  • In January 2022, Malaysia's Palm Oil Board announced that it intended to implement its nationwide adoption of the B20 palm oil biofuel program by the end of the year. The mandate to manufacture biofuel with a 20% palm oil component known as B20 for the transport sector was first rolled out in January 2021 but faced delays due to the pandemic.

Global Biofuels Market Scope

The biofuels market is segmented based on fuel type, form, and feedstock type. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and insights to help them make strategic decisions for identifying core market applications.

Fuel Type

Form

  • Solid
  • Fuel Pellets Liquid
  • Gaseous

Feedstock Type

  • Palm Oil
  • Jatropha
  • Sugar Crop
  • Coarse Grain
  • Others

Biofuels Market Regional Analysis/Insights

The biofuels market is analyzed, and market size insights and trends are provided by fuel type, form, and feedstock type, as referenced above.

The countries covered in the biofuels market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth in this region is attributed to the increasingly supportive policies extended by the government, such as tax incentives provided by the government, along with the increasingly robust policies for encouraging production and consumption within the region.

Asia-Pacific is estimated to show lucrative growth over the forecast period of 2023-2030 due to the region's rapid economic development and rising research and development activities.

The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technological trends Porter's five forces analysis, and case studies are some pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Biofuels Market Share Analysis

The biofuels market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the biofuels market are:

  • Biofuels Digest. (U.S.)
  • Neste Niederlande B.V. (Netherlands)
  • Infinita Biotech Private Limited. (France)
  • Gruppo Marseglia (Italy)
  • Glencore (Switzerland)
  • Louis Dreyfus Company (Netherlands)
  • Chevron (U.S.)
  • RB FUELS (U.S.)
  • Ag Processing Inc a cooperative (U.S.)
  • Elevance Health. (U.S.)
  • Marathon Petroleum Corporation (U.S.)
  • Evergreen Biofuels Holding Sdn Bhd (U.S.)
  • Minnesota Soybean Processors (U.S.)
  • CropEnergies AG (Germany)
  • E.N.F. Ltd. (U.K.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The biofuel market is known to be worth USD 4,917.88 million by 2030.
The Growth Rate of the biofuel market is 7.0% by 2030.
With the rising need for environment-friendly energy sources, scientists are racing against time to develop the most efficient energy source, and high usesage across the automobile sector is the driver of the biofuel market
The major companies in the biofuel market are Biofuels Digest, Neste Niederlande B.V., Infinita Biotech Private Limited,. Gruppo Marseglia, Glencore , Louis Dreyfus Company etc
The fuel type, form, and feedstock type are the factors on which the biofuel market research is based.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials