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Latin America Biofuels Market: By Product Type, By Form, Fuel Pellets Liquid, and By Distribution Channel, and Country
Latin America Biofuels Market: By Product Type, By Form, Fuel Pellets Liquid, and By Distribution Channel, and Country
Latin America Biofuels Market size was valued at US$ 26.0 billion in 2023 and is poised to grow at a CAGR of 6.56 from 2024-2030. Development and launch of innovative products by the market players enables surge in the Latin America biofuel market demand over the forecast years. For instance, in November 2017, Bajaj Hindustan Ltd. Launched sugar mills for the highest recovery of ethanol. Based on type, the Latin America biofuel market is segmented into biodiesel and bioethanol. Biodiesel segment is expected to dominate the market due to increasing environmental concerns and the need for energy independence. Biodiesel can be produced using various feed stocks and can be used in diesel vehicles without any modification to the engine.
The market is consolidating as large players complementing each others businesses by means of collaborations and acquisitions. For instance, 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. Based on product type bioethanol accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period .Players focusing on mergers and acquisitions strategies to retain market position in Latin America market
Development and launch of innovative products by the market players enables surge in the Latin America biofuel market demand over the forecast years. For instance, in November 2017, Bajaj Hindustan Ltd. Launched sugar mills for the highest recovery of ethanol. Based on type, the Latin America biofuel market is segmented into biodiesel and bioethanol. Biodiesel segment is expected to dominate the market due to increasing environmental concerns and the need for energy independence. Biodiesel can be produced using various feed stocks and can be used in diesel vehicles without any modification to the engine.
Latin America biofuels market report gives comprehensive outlook on biofuels market across the region with special emphasis on key countries such as U.S and Canada of Latin America.
However, most Latin American countries have initiated to consider the production of biofuels for their own domestic markets, as well as for exports to the global market
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Market Size in 2023 |
US$ 26.0 billion |
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By Product Type |
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By Product Form |
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By Distribution Channel |
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By country |
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Latin america biofuels market size was valued at US$ 26.0 billion in 2023 and is poised to grow at a CAGR of 6.56 from 2024-2030.
The market data: Latin America (Brazil, Mexico, Argentina)
The key players of the market are 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.Executive Summary |
| 2. Latin America Biofuels Market Introduction |
| 2.1. Latin America Biofuels Market - Taxonomy |
| 2.2. Latin America Biofuels Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Product Form |
| 2.2.3.Distribution Channel |
| 2.2.4.Country |
| 3. Latin America Biofuels Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Latin America Biofuels Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Latin America Biofuels Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Bioethanol |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Biodiesel |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Latin America Biofuels Market By Product Form, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Solid (Biocoal, Biochar) |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Fuel Pellets Liquid (Biodiesel and Bioethanol) |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Gaseous (Biogas, Biopropane, and Syngas) |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Latin America Biofuels Market By Distribution Channel, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Hospitals |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Clinics |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Ambulatory Surgical Centers |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. Latin America Biofuels Market By Country, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Latin America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Brazil |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Mexico |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Rest of LA |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 9. Competition Landscape |
| 9.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 9.2.1.Aceites Manuelita S.A |
| 9.2.2.Abengoa Bioenergy |
| 9.2.3.Bajaj Hindustan Ltd. |
| 9.2.4.Archer Daniels Midland Company |
| 9.2.5.Beckons Industries Ltd. |
| 9.2.6.BlueFire Ethanol Fuels Inc. |
| 9.2.7.Imperium Renewables, Inc. |
| 9.2.8.Renewable Energy Group Inc. |
| 9.2.9.Bangchak Petroleum Public Company Ltd. |
| 9.2.10.Solazyme Inc. |
| 9.2.11.Edmonton |
| 9.2.12.Cosan S.A. Industria E Comrcio |
| 10. Research Methodology |
| 11. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.