Advanced Biofuel Market: By Raw Material, By Type, By Technology, By Application, and Geography
Advanced Biofuel Market: By Raw Material, By Type, By Technology, By Application, and Geography
Advanced Biofuel Market Size was valued at US$ 47.4 billion in 2023 and is poised to grow at a significant CAGR of 33.2% over 2024 - 2030. Advanced biofuels are fuels manufactured from several types of biomass such as agricultural waste, urban waste, and other wastes. It is also known as second-generation biofuels. These biofuels are made from woody crops or lignocellulosic biomass, sugars, non-starch, and agricultural residues, which makes it tougher to extract the required fuel. Advanced biofuels have several benefits such as low carbon emission which is a driving factor for the advanced biofuels market growth by utilizing in the automotive sector. The global advanced biofuel market is further driven by factors such as favorable government regulations encouraging the usage of second-generation biofuel in various end-use sectors including the manufacturing and energy sectors, and rising concern regarding the food sustainability of first-generation biofuel among stakeholders. Apart from this, depleting carbon-based fossil fuels is also enhancing the usage of second-generation biofuel among users.
The Advanced biofuels market is restrained by a lack of awareness regarding the benefits provided by the usage of advanced biofuels. This lack of knowledge has seen the adoption of biofuels in some selected countries only. Lack of awareness regarding the benefits of second-generation biofuel in Asian countries has negatively affected the growth of the advanced biofuel market in this region. Moreover, with rapid urbanization and industrialization, energy demand is rising exponentially in emerging economies. This will surely create lucrative opportunities among prominent key players to offer numerous advanced fuels with maximum efficiencies and cost-effectiveness. In the coming next few years, government regulations support the usage of advanced biofuel with environmentally friendly. Such regulations will undoubtedly create opportunities for the advanced biofuel market in emerging economies.
Study Period
2024-2030Base Year
2023CAGR
33.2%Largest Market
Asia PacificFastest Growing Market
North America
Rising disposable income and increasing population day by day across globe are increasing the demand for energy as well as transportation fuel, and augmented the usage of advanced biofuel are the major factors propelling the market growth. Furthermore, public transportation vehicles having fuel efficiency and emission control as per stringent government regulations also support to fuelling the demand of advanced biofuels.
The Asia Pacific has dominated the global advanced biofuels market over the years and will continue to retain its dominancy in the market by growing urbanization and industrialization with a steady rise in population in this region. Also, with the increasing population transportation sector also expanding which surely boosting the demand for advanced biofuels, as per stringent government regulations regarding fuel efficiencies and emission control. North American region would have seen lucrative growth in the advanced biofuels market over the years.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 47.4 billion |
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Market CAGR |
33.2% |
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By Raw Materials |
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By Technology |
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By Application |
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Advanced biofuels can be produced from a variety of feedstocks, including lignocellulosic biomass (such as agricultural residues and forestry waste), algae, non-food energy crops (like switchgrass), and waste materials (such as municipal solid waste)
Key players’ profiles in the advanced biofuel market report are Fujian Zhongde Energy Co. Ltd., DuPont Danisco Cellulosic Ethanol LLC, Bangchak Corporation PCL, POET-DSM Advanced Biofuels LLC, Clariant AG, Targray Technology International Inc., Sundrop Fuels Inc., INEOS Group Ltd., and Gevo Inc.
Rising concerns regarding global warming and stringent environmental regulations laid by the government authorities, environment-friendly nature, usage of advanced biofuels in the automotive & aviation industry, high investments in R&D for the technologies used to convert biomass into advanced fuels, and ease of availability of raw materials.
| 1. Executive Summary |
| 2. Global Advanced Biofuel Market Introduction |
| 2.1. Global Advanced Biofuel Market - Taxonomy |
| 2.2. Global Advanced Biofuel Market -Definitions |
| 2.2.1. Raw Material |
| 2.2.2. Type |
| 2.2.3. Technology |
| 2.2.4. Application |
| 2.2.5. Region |
| 3. Global Advanced Biofuel Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Advanced Biofuel Market Dynamic Factors - Impact Analysis |
| 3.6. Global Advanced Biofuel Market - Competition Landscape |
| 4. Global Advanced Biofuel Market Analysis,2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Advanced Biofuel Market, By Raw Material, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 5.1. Camelina |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Algae |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Jatropha |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Lignocellulose |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Others |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Advanced Biofuel Market, By Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. Advanced diesel |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Biodiesel |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Advanced Gasoline |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Biocrude |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Global Advanced Biofuel Market, By Technology, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. Biochemical Routes |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Thermochemical Routes |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8. Global Advanced Biofuel Market Forecast, By Application, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 8.1. Energy Generation |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Charging Electronics |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Transportation |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Others |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 9. Global Advanced Biofuel Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia-Pacific |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Latin America |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Middle East and Africa |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 9.6. Global Advanced Biofuel Market - Opportunity Analysis Index, By Raw Material, Type, Technology, Application, and Region, 2024 - 2030 |
| 10. North America Advanced Biofuel market analysis,2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 10.1. Raw Material Analysis 2017-2021and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Camelina |
| 10.1.2. Algae |
| 10.1.3. Jatropha |
| 10.1.4. Lignocellulose |
| 10.1.5. Others |
| 10.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Advanced diesel |
| 10.2.2. Biodiesel |
| 10.2.3. Advanced gasoline |
| 10.2.4. Biocrude |
| 10.2.5. Others |
| 10.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Biochemical Routes |
| 10.3.2. Thermochemical Routes |
| 10.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Energy Generation |
| 10.4.2. Charging Electronics |
| 10.4.3. Transportation |
| 10.4.4. Others |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.5.1. USA |
| 10.5.2. Canada |
| 10.6. North America Advanced Biofuel Market - Opportunity Analysis Index, By Raw Material, Type, Technology, Application, and Country, 2024 - 2030 |
| 10.7. North America Advanced Biofuel Market Dynamics - Trends |
| 11. Europe Advanced Biofuel Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 11.1. Raw Material Analysis 2017-2021and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Camelina |
| 11.1.2. Algae |
| 11.1.3. Jatropha |
| 11.1.4. Lignocellulose |
| 11.1.5. Others |
| 11.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Advanced diesel |
| 11.2.2. Biodiesel |
| 11.2.3. Advanced gasoline |
| 11.2.4. Biocrude |
| 11.2.5. Others |
| 11.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Biochemical Routes |
| 11.3.2. Thermochemical Routes |
| 11.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Energy Generation |
| 11.4.2. Charging Electronics |
| 11.4.3. Transportation |
| 11.4.4. Others |
| 11.5. Country Analysis 2017-2021and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.5.1. Germany |
| 11.5.2. UK |
| 11.5.3. France |
| 11.5.4. Spain |
| 11.5.5. Italy |
| 11.5.6. Russia |
| 11.5.7. Poland |
| 11.5.8. Rest of Europe |
| 11.6. Europe Advanced Biofuel Market - Opportunity Analysis Index, By Raw Material , Type, Technology, Application, and Country, 2024 - 2030 |
| 11.7. Europe Advanced Biofuel Market Dynamics - Trends |
| 12. Asia-Pacific Advanced Biofuel Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. Raw Material Analysis 2017-2021and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Camelina |
| 12.1.2. Algae |
| 12.1.3. Jatropha |
| 12.1.4. Lignocellulose |
| 12.1.5. Others |
| 12.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Advanced diesel |
| 12.2.2. Biodiesel |
| 12.2.3. Advanced gasoline |
| 12.2.4. Biocrude |
| 12.2.5. Others |
| 12.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Biochemical Routes |
| 12.3.2. Thermochemical Routes |
| 12.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Energy Generation |
| 12.4.2. Charging Electronics |
| 12.4.3. Transportation |
| 12.4.4. Others |
| 12.5. Country Analysis2017-2021and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.5.1. Japan |
| 12.5.2. China |
| 12.5.3. India |
| 12.5.4. ASEAN |
| 12.5.5. Australia & New Zealand |
| 12.5.6. Rest of Asia-Pacific |
| 12.6. Asia-Pacific Advanced Biofuel Market - Opportunity Analysis Index, By Raw Material, Type, Technology, Application, and Country,2024 - 2030 |
| 12.7. Asia-Pacific Advanced Biofuel Market Dynamics - Trends |
| 13. Latin America Advanced Biofuel Market Analysis,2019 - 2023 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 13.1. Raw Material Analysis 2017-2021and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Camelina |
| 13.1.2. Algae |
| 13.1.3. Jatropha |
| 13.1.4. Lignocellulose |
| 13.1.5. Others |
| 13.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Advanced diesel |
| 13.2.2. Biodiesel |
| 13.2.3. Advanced gasoline |
| 13.2.4. Biocrude |
| 13.2.5. Others |
| 13.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Biochemical Routes |
| 13.3.2. Thermochemical Routes |
| 13.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Energy Generation |
| 13.4.2. Charging Electronics |
| 13.4.3. Transportation |
| 13.4.4. Others |
| 13.5. Country Analysis 2017-2021and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.5.1. Brazil |
| 13.5.2. Mexico |
| 13.5.3. Argentina |
| 13.5.4. Rest of Latin America |
| 13.6. Latin America Advanced Biofuel Market - Opportunity Analysis Index, By Raw Material, Type, Technology, Application, and Country, 2024 - 2030 |
| 13.7. Latin America Advanced Biofuel Market Dynamics - Trends |
| 14. Middle East and Africa Advanced Biofuel Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 14.1. Raw Material Analysis 2017-2021and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1. Camelina |
| 14.1.2. Algae |
| 14.1.3. Jatropha |
| 14.1.4. Lignocellulose |
| 14.1.5. Others |
| 14.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1. Advanced diesel |
| 14.2.2. Biodiesel |
| 14.2.3. Advanced gasoline |
| 14.2.4. Biocrude |
| 14.2.5. Others |
| 14.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.3.1. Biochemical Routes |
| 14.3.2. Thermochemical Routes |
| 14.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.4.1. Energy Generation |
| 14.4.2. Charging Electronics |
| 14.4.3. Transportation |
| 14.4.4. Others |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 14.5.1. Gulf Cooperation Council (GCC) Countries |
| 14.5.2. Israel |
| 14.5.3. South Africa |
| 14.5.4. Rest of MEA |
| 14.6. MEA Advanced Biofuel Market - Opportunity Analysis Index, By Raw Material, Type, Technology, Application, and Country, 2024 - 2030 |
| 14.7. MEA Advanced Biofuel Market Dynamics - Trends |
| 15. Competition Landscape |
| 15.1. Strategic Dashboard of Top Market Players |
| 15.2. Company Profiles (Introduction, Financial Analysis, Product Type& Service Testing Types, Key Developments, Strategies, and SWOT Analysis) |
| 15.2.1. Fujian Zhongde Energy Co. Ltd. |
| 15.2.2. DuPont Danisco Cellulosic Ethanol LLC |
| 15.2.3. Bangchak Corporation PCL |
| 15.2.4. POET-DSM Advanced Biofuels LLC |
| 15.2.5. Clariant AG |
| 15.2.6. Targray Technology International Inc. |
| 15.2.7. Sundrop Fuels Inc. |
| 15.2.8. INEOS Group Ltd. |
| 15.2.9. Gevo Inc. |
| 16. Research Methodology |
| 17. Key Assumptions and Acronyms |
Key Market Players
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