The biofuels market size was USD 109.96 billion in 2021 and is expected to reach USD 201.21 billion by 2030. It is anticipated to grow with a healthy CAGR of 8.3% from 2021 to 2030.

In 2022, the biofuels market study provides crucial information on market share, market size, growth rate analysis Y-O-Y, production, consumption, and sales analysis for the forecast period 2021 to 2030. The report contains 150+ pages with detailed analysis.

Biofuel refers to the specific type of fuel derived from the natural sources such as plants, organic materials, animal wastes. Biofuel industry is gaining substantial attraction as alternative fuel for the petroleum derived fuels in order to mitigate major concerns of global warming, raised due to the fossil fuels. Primary sources of biofuels include soybean, corn, forestry, agricultural crops, also the waste from food services as well as ago industries. These fuels are available in solid, liquid, or gaseous forms and are chiefly used in various end use applications counting generation of energy, transportation fuels, lubrication & greasing, cooking purposes, charging of electronics and others. Some of the commercially used biofuels are biomethane, bioethanol, and biodiesel where in biomethane is manufactured by using domestic and agricultural wastes, bioethanol is produced from sugar beet, wheat, and algae. Further, biodiesels are manufactured using animal fats, algae lipids and vegetable oils.

Growth Factors:

Growing demand for biofuel as environment-friendly fuel in the road transportation is major factor driving growth of the global biofuels market. This is mainly attributed to copious availability of bioethanol, biodiesel in significant regions across the globe. According to data published by the International Energy Agency, worldwide share of biofuel in the total transport fuel would raise up to 27% by 2050. Most of the developed as well as emerging economies worldwide are focusing on the production of biofuels in order to lessen dependability on fossil fuels is another factor which is expected to augment growth of the target industry over the forecast period 2021-2030. For instance, as per the data published in 2018 by Renewable Energy Directive, the complete European Union board for renewable energy sources feasting by 2030 has been elevated up to 32%.

Moreover, the benefits or advantages offered by the biofuels including least impact on the environment due to its clean and harmless nature, abundant availability with mandates are anticipated to propel growth of the global biofuel industry in the near future especially in the developing economies. Furthermore, energy sources among individuals worldwide, along with increasing government support for the production and research activities of biofuels across the globe are among major factors to fuel growth of the target industry in the next few years. Additionally, changing lifestyle and increasing focus on using high percentage biofuel blends are propelling in the global industry growth.

Report Scope of the Biofuels Market

Regional Analysis:

The report covers data for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In 2020, North America dominated the global market with a market share of more than 36%. U.S. represented the highest share in the North American region primarily due to availability of abundant feedstock for the production of biofuels, along with the favorable government policies for the biofuel production in the region. Further increasing awareness regarding usage of renewable biofuels is another factor to contribute the high market share of the United States over the forecast period.

Further Europe was the second important market in the biofuel. The growth of the biofuel industry in the countries of the Europe is attributed to growing adoption of the biofuels in the road transportation applications. Further, supporting policies for the use of biofuels by the European government in the European region is also expected to boost the demand for biofuels market in the near future.

Asia Pacific is anticipated to grow at the maximum CAGR of around 8.5% in the forecast period due increasing implementation and focus on the government regulations in account to mitigate the greenhouse gas emissions in the countries of the region especially in India, China and Japan of the region. Latin America and the African and Middle Eastern region will display noticeable growth over the forecast period.

COVID-19 Impact:

The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The biofuels report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.

Key Players:

The biofuels market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.

Some of the prominent players in the biofuels market include:

• BTG International Ltd
• Renewable Energy Group, Inc.
• Abengoa Bioenergy S.A.
• Cargill
• DowDuPont, Inc.
• Wilmar International Ltd
• POET, LLC
• Archer Daniels Midland Company
• VERBIO Vereinigte BioEnergie AG
• My Eco Energy
• China Clean Energy Inc.

Market Segmentation

By Fuel Type

• Biodiesel
• Ethanol

By Feedstock

• Coarse Grain
• Sugar Crop
• Vegetable Oil
• Jatropha
• Molasses

Regional Segmentation

• North America (U.S. and Canada)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
• Latin America (Brazil and Rest of Latin America)
• Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Find More Press Releases at https://www.globenewswire.com/en/search/organization/Precedence%2520Research

Frequently Asked Questions?

• What is the total market value?
• What will be the growth in 2030?
• What are the key trends in the market?
• What are the major players in biofuels markets?
• What are the key growth strategies of industry players?
• Which region would offer a higher growth?
• What are the countries included in the rest of the word segments?
• How can I get report sample?

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Biofuels Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Biofuels Market

5.1. Covid-19: Biofuels Industry Impact
5.2. Biofuels Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Biofuels Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Biofuels Market Players to deal with Covid-19 Pandemic Scenario

Chapter 6. Biofuels Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Growing demand as environment-friendly fuel in road transportation
6.1.1.2. Abundant availability of bioethanol blends and its extended use
6.1.2. Market Restraints
6.1.2.1. Uncertain feed stock prices and yield
6.1.3. Market Opportunities
6.1.3.1. Emergence of new feedstocks

Chapter 7. Global Biofuels Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Biofuels Market Revenue by Market Players (2016 -2019)
7.1.1.2. Biofuels Market Revenue Market Share by Market Players (2016 -2019)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Fuel Type Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users

Chapter 8. Global Biofuels Market, By Fuel Type

8.1. Biofuels Market, by Fuel Type, 2016-2027
8.1.1. Biodiesel
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Ethanol
8.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Biofuels Market, By Feedstock

9.1. Biofuels Market, by Feedstock, 2016-2027
9.1.1. Coarse Grain
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Sugar Crop
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Vegetable Oil
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Jatropha
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.5. Molasses
9.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Biofuels Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue Forecast by Fuel Type(2016-2027)
10.1.2. Market Revenue Forecast by Feedstock (2016-2027)
10.1.3. U.S
10.1.3.1. Market Revenue Forecast (2016-2027)
10.1.4. Canada
10.1.4.1. Market Revenue Forecast (2016-2027)
10.2. Europe
10.2.1. Market Revenue Forecast by Fuel Type (2016-2027)
10.2.2. Market Revenue Forecast by Feedstock (2016-2027)
10.2.3. UK
10.2.3.1. Market Revenue Forecast (2016-2027)
10.2.4. Germany
10.2.4.1. Market Revenue Forecast (2016-2027)
10.2.5. France
10.2.5.1. Market Revenue Forecast (2016-2027)
10.2.6. Rest of EU
10.2.6.1. Market Revenue Forecast (2016-2027)
10.3. Asia Pacific (APAC)
10.3.1. Market Revenue Forecast by Fuel Type (2016-2027)
10.3.2. Market Revenue Forecast by Feedstock (2016-2027)
10.3.3. China
10.3.3.1. Market Revenue Forecast (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue Forecast (2016-2027)
10.3.5. Japan
10.3.5.1. Market Revenue Forecast (2016-2027)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue Forecast (2016-2027)
10.4. LATAM
10.4.1. Market Revenue Forecast by Fuel Type (2016-2027)
10.4.2. Market Revenue Forecast by Feedstock (2016-2027)
10.4.3. Brazil
10.4.3.1. Market Revenue Forecast (2016-2027)
10.4.4. Rest of LATAM
10.4.4.1. Market Revenue Forecast (2016-2027)
10.5. Middle East and Africa (MEA)
10.5.1. Market Revenue Forecast by Fuel Type (2016-2027)
10.5.2. Market Revenue Forecast by Feedstock (2016-2027)
10.5.3. GCC
10.5.3.1. Market Revenue Forecast (2016-2027)
10.5.4. North Africa
10.5.4.1. Market Revenue Forecast (2016-2027)
10.5.5. South Africa
10.5.5.1. Market Revenue Forecast (2016-2027)
10.5.6. Rest of MEA
10.5.6.1. Market Revenue Forecast (2016-2027)

Chapter 11. Company Profiles

11.1. Abengoa Bioenergy S.A.
11.1.1. Company Overview, Business Information, Regional Presence
11.1.2. Product Portfolio Analysis
11.1.2.1. Product Details, Specification, Feedstock
11.1.3. Revenue, Price, and Gross Margin (2015-2020)
11.1.4. Recent Developments and Strategies
11.2. Cargill
11.2.1. Company Overview, Business Information, Regional Presence
11.2.2. Product Portfolio Analysis
11.2.2.1. Product Details, Specification, Feedstock
11.2.3. Revenue, Price, and Gross Margin (2015-2020)
11.2.4. Recent Developments and Strategies
11.3. DowDuPont, Inc.
11.3.1. Company Overview, Business Information, Regional Presence
11.3.2. Product Portfolio Analysis
11.3.2.1. Product Details, Specification, Feedstock
11.3.3. Revenue, Price, and Gross Margin (2015-2020)
11.3.4. Recent Developments and Strategies
11.4. BTG International Ltd.
11.4.1. Company Overview, Business Information, Regional Presence
11.4.2. Product Portfolio Analysis
11.4.2.1. Product Details, Specification, Feedstock
11.4.3. Revenue, Price, and Gross Margin (2015-2020)
11.4.4. Recent Developments and Strategies
11.5. Renewable Energy Group, Inc.
11.5.1. Company Overview, Business Information, Regional Presence
11.5.2. Product Portfolio Analysis
11.5.2.1. Product Details, Specification, Feedstock
11.5.3. Revenue, Price, and Gross Margin (2015-2020)
11.5.4. Recent Developments and Strategies
11.6. Wilmar International Ltd
11.6.1. Company Overview, Business Information, Regional Presence
11.6.2. Product Portfolio Analysis
11.6.2.1. Product Details, Specification, Feedstock
11.6.3. Revenue, Price, and Gross Margin (2015-2020)
11.6.4. Recent Developments and Strategies
11.7. POET, LLC
11.7.1. Company Overview, Business Information, Regional Presence
11.7.2. Product Portfolio Analysis
11.7.2.1. Product Details, Specification, Feedstock
11.7.3. Revenue, Price, and Gross Margin (2015-2020)
11.7.4. Recent Developments and Strategies
11.8. Archer Daniels Midland Company
11.8.1. Company Overview, Business Information, Regional Presence
11.8.2. Product Portfolio Analysis
11.8.2.1. Product Details, Specification, Feedstock
11.8.3. Revenue, Price, and Gross Margin (2015-2020)
11.8.4. Recent Developments and Strategies
11.9. VERBIO VereinigteBioEnergie AG
11.9.1. Company Overview, Business Information, Regional Presence
11.9.2. Product Portfolio Analysis
11.9.2.1. Product Details, Specification, Feedstock
11.9.3. Revenue, Price, and Gross Margin (2015-2020)
11.9.4. Recent Developments and Strategies
11.10. My Eco Energy
11.10.1. Company Overview, Business Information, Regional Presence
11.10.2. Product Portfolio Analysis
11.10.2.1. Product Details, Specification, Feedstock
11.10.3. Revenue, Price, and Gross Margin (2015-2020)
11.10.4. Recent Developments and Strategies
11.11. China Clean Energy Inc.
11.11.1. Company Overview, Business Information, Regional Presence
11.11.2. Product Portfolio Analysis
11.11.2.1. Product Details, Specification, Feedstock
11.11.3. Revenue, Price, and Gross Margin (2015-2020)
11.11.4. Recent Developments and Strategies

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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