Biofuels Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Biofuels Market: By Product Type (Bioethanol and Biodiesel), By Form (Solid (Biocoal, Biochar), Fuel Pellets Liquid (Biodiesel and Bioethanol) and Gaseous (Biogas, Biopropane, and Syngas)) and Geography  

 

 

 

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Report

Description

Biofuels Market size was valued at USD 140.42 billion in 2021 and is expected to reach USD 245.48 billion by 2028, at a CAGR of 7.61% during the forecast period 2022-2028. Biofuels are generated to replace non-renewable energy sources such as gasoline, diesel, and coal, which are produced by animals and plants that died a long time ago. Plants that have recently been harvested are used to make biofuels. As a first-generation fuel, biofuel is also used. The ever-increasing global demand for energy is assisting the energy and mining industries in making a quantum leap forward in terms of unique fuel kinds. This, combined with growing environmental concerns, is prompting more investment in the creation of a clean energy source. These elements are combining to create a healthy ground for the global biofuels sector to grow. Biofuels have grown in popularity in recent years due to the fact that they are produced through biological processes, are environmentally beneficial, and may be used to replace non-renewable energy sources. In the future, biofuels are being considered as one of the growing cleaner fuel alternatives to conventional fossil fuels. Furthermore, the availability of funds for research and development to develop biofuels at a reduced cost will help them gain traction. In many industrialised economies, government mandates for mixing vehicle fuels with biofuels have fueled the biofuels industry’s expansion. Biofuels, such as ethanol and biodiesel, account for the majority of renewable energy demand in the transportation industry. The demand for bioenergy has stabilised in established economies, while developing countries have yet to fully respond and contribute to global biofuels market trends.

Key Developments:

In February 2016, Renewable Energy Group Inc. (Biofuel producer in U.S) has signed an agreement with Sanimax Energy, which is a U.S based company for acquiring its 20 million gallon nameplate capacity biodiesel refinery.

In March 2016, Canada-based Company, Edmonton, announced its plans to produce a new kind of biodiesel, commercially, which would be capable of replacing diesel completely at a lower cost than existing renewable fuels.

Biofuels Market

MARKET SUMMARY
-
7.61%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 7.61%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Biofuels Market Report

  • The report on global biofuels market gives historical, current, and future market sizes (US$ Bn) on the basis of product type, form type and geography.
  • Biofuels market report gives comprehensive outlook on biofuels market across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • Key stakeholders of the global biofuels market report include suppliers, manufacturers, marketers, policy makers, and agronomists engaged in global biofuels market activities.
Major Key Players
  • Aceites Manuelita S.A
  • Abengoa Bioenergy
  • Bajaj Hindustan Ltd.
  • Archer Daniels Midland Company
  • Beckons Industries Ltd.
  • BlueFire Ethanol Fuels Inc.
Biofuels Market Drivers And Restraints

Despite a variety of factors, demand for biofuels is substantially higher than the rate of feedstock regeneration, which is severely impacting the demand-supply gap and stifling market growth. Furthermore, there are a number of roadblocks relating to existing retailing, distribution, and development channels that are limiting the market’s growth. In underdeveloped and less-developed countries, understanding of the availability and benefits of biofuels is low, which will limit their widespread adoption.


Asia-Pacific Got Significant Share

Biofuels Market

Asia Pacific biofuels market has lucrative growth attributed to driving factors like availability of feedstock, the government’s law to support the approval of bio-based fuel alternatives and multiple uses of biofuels are likely to spur the biofuels market. The surging demand for bio-diesel in developing countries like India, China and Japan and growing focus on reliable, affordable and sustainable energy is the opportunities created in the region which in turn is expected to boost the biofuels market over the forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, country market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Biofuels Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The biofuels market is projected to expand at a CAGR of 7.61% during the forecast period

 

Aceites Manuelita S.A, Abengoa Bioenergy, Bajaj Hindustan Ltd., Archer Daniels Midland Company

Asia-Pacific is the fastest-growing region in the biofuels market


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Biofuels Market Introduction
    • Global Biofuels Market – Taxonomy
    • Global Biofuels Market –Definitions
      • Type of Product
      • By Product Form
  1. Global Biofuels Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Biofuels Market Dynamic Factors – Impact Analysis
    • Global Biofuels Market – Competition Landscape
  2. Global Biofuels Market Analysis, 2014 – 2018 and Forecast, 2018 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Biofuels Market, By Product Type of Stearic Acid, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Bioethanol
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Biodiesel
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Biofuels Market Forecast, By Product Form, 2014 – 2018 and Forecast, 2019 – 2025
    • Solid (Biocoal, Biochar)
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Fuel Pellets Liquid (Biodiesel and Bioethanol)
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Gaseous (Biogas, Biopropane, and Syngas)
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Biofuels Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Biofuels Market – Opportunity Analysis Index, Type of Product, By Type of Form, and Region, 2018 – 2025
  2. North America Biofuels Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type of Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Bioethanol
      • Biofuel
    • Type of Product Form Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Solid (Biocoal, Biochar)
      • Fuel Pellets Liquid (Biodiesel and Bioethanol)
      • Gaseous (Biogas, Biopropane, and Syngas)
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • S.
      • Canada
    • North America Biofuels Market – Opportunity Analysis Index, Type of Product, By Type of Product Form, and Country, 2018 – 2025
    • North America Biofuels Market Dynamics – Trends
  3. Europe Biofuels Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type of Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Bioethanol
      • Biofuel
    • Type of Product Form Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Solid (Biocoal, Biochar)
      • Fuel Pellets Liquid (Biodiesel and Bioethanol)
      • Gaseous (Biogas, Biopropane, and Syngas)
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Russia
      • Spain
      • Italy
      • Rest of Europe
    • Europe Biofuels Market – Opportunity Analysis Index, Type of Product, By Type of Product Form, and Country, 2018 – 2025
    • Europe Biofuels Market Dynamics – Trends
  4. Asia-Pacific Biofuels Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type of Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Bioethanol
      • Biofuel
    • Type of Product Form Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Solid (Biocoal, Biochar)
      • Fuel Pellets Liquid (Biodiesel and Bioethanol)
      • Gaseous (Biogas, Biopropane, and Syngas)
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Biofuels Market – Opportunity Analysis Index, Type of Product, By Product Form, and Country, 2018 – 2025
    • Asia-Pacific Biofuels Market Dynamics – Trends
  5. Latin America Biofuels Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type of Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Bioethanol
      • Biofuel
    • Type of Product Form Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Solid (Biocoal, Biochar)
      • Fuel Pellets Liquid (Biodiesel and Bioethanol)
      • Gaseous (Biogas, Biopropane, and Syngas)
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Biofuels Market – Opportunity Analysis Index, Type of Product, By Product Form, and Country, 2018 – 2025
    • Latin America Biofuels Market Dynamics – Trends
  6. Middle East and Africa Biofuels Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type of Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Bioethanol
      • Biofuel
    • Type of Product Form Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Solid (Biocoal, Biochar)
      • Fuel Pellets Liquid (Biodiesel and Bioethanol)
      • Gaseous (Biogas, Biopropane, and Syngas)
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Biofuels Market – Opportunity Analysis Index, Type of Product, By Product Form, and Country, 2018 – 2025
    • MEA Biofuels Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Drug Class & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Aceites Manuelita S.A
      • Abengoa Bioenergy
      • Bajaj Hindustan Ltd.
      • Archer Daniels Midland Company
      • Beckons Industries Ltd.
      • BlueFire Ethanol Fuels Inc.
      • Imperium Renewables, Inc.
      • Renewable Energy Group Inc.
      • Bangchak Petroleum Public Company Ltd.
      • Solazyme Inc.
      • Edmonton
      • Cosan S.A. Industria E Comrcio
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • Aceites Manuelita S.A
  • Abengoa Bioenergy
  • Bajaj Hindustan Ltd.
  • Archer Daniels Midland Company
  • Beckons Industries Ltd.
  • BlueFire Ethanol Fuels Inc.
  • Imperium Renewables, Inc.
  • Renewable Energy Group Inc.
  • Bangchak Petroleum Public Company Ltd.
  • Solazyme Inc.
  • Edmonton
  • Cosan S.A.

Description

Biofuels Market size was valued at USD 140.42 billion in 2021 and is expected to reach USD 245.48 billion by 2028, at a CAGR of 7.61% during the forecast period 2022-2028. Biofuels are generated to replace non-renewable energy sources such as gasoline, diesel, and coal, which are produced by animals and plants that died a long time ago. Plants that have recently been harvested are used to make biofuels. As a first-generation fuel, biofuel is also used. The ever-increasing global demand for energy is assisting the energy and mining industries in making a quantum leap forward in terms of unique fuel kinds. This, combined with growing environmental concerns, is prompting more investment in the creation of a clean energy source. These elements are combining to create a healthy ground for the global biofuels sector to grow. Biofuels have grown in popularity in recent years due to the fact that they are produced through biological processes, are environmentally beneficial, and may be used to replace non-renewable energy sources. In the future, biofuels are being considered as one of the growing cleaner fuel alternatives to conventional fossil fuels. Furthermore, the availability of funds for research and development to develop biofuels at a reduced cost will help them gain traction. In many industrialised economies, government mandates for mixing vehicle fuels with biofuels have fueled the biofuels industry’s expansion. Biofuels, such as ethanol and biodiesel, account for the majority of renewable energy demand in the transportation industry. The demand for bioenergy has stabilised in established economies, while developing countries have yet to fully respond and contribute to global biofuels market trends.

Key Developments:

In February 2016, Renewable Energy Group Inc. (Biofuel producer in U.S) has signed an agreement with Sanimax Energy, which is a U.S based company for acquiring its 20 million gallon nameplate capacity biodiesel refinery.

In March 2016, Canada-based Company, Edmonton, announced its plans to produce a new kind of biodiesel, commercially, which would be capable of replacing diesel completely at a lower cost than existing renewable fuels.

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