Biofuels Market - Global Industry Analysis

Biofuels Market By Type (Bioethanol and Biodiesel) By Form (Solid and Liquid): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 01-Jun-2021 Category: Energy & Mining Report Format : PDF Pages: 120 Report Code: ZMR-2163 Status : Published

The Global Biofuels Market accounted for USD 671.6 Billion in 2020 and is expected to reach USD 2,850.4 Billion by 2028, growing at a CAGR of around 8.3%.

Description

Market Overview      

The Global Biofuels Market accounted for USD 671.6 Billion in 2020 and is expected to reach USD 2,850.4 Billion by 2028, growing at a CAGR of around 8.3%.

Biofuels are made from renewable sources which are produced by animals and plants. Biofuels are replace by gasoline, diesel fuel, and coal. Biofuel is also used as a first –generation fuel. Bioethanol and biodiesel are the two major products produced from the biofuels.

Increasing low prices of biofuels than other vegetables oils is major factors for the growth of the market. Government initiatives regarding blending of biofuels in automotive fuels and expanding government support for environment friendly power alternatives is likely to create an awareness among the consumer regarding the consumption of the biofuels.

Key players in the market are continuously working on production techniques and rising research and development activities in the market will further create new opportunities for the biofuels market in the forecast period of 2021- 2028.   

COVID-19 Impact Analysis  

The global biofuels market has witnessed a slight decline drastically by demand destruction. The restrictions imposed by various nations to contain COVID had stopped the production resulting in a disruption across the whole supply chain. However, the global markets are slowly opening to their full potential and theirs a surge in demand for fuels. The market would remain bullish in upcoming year.  The significant decrease in the global biofuels market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.     

Growth Factors  

Increasing living standards, developing economic conditions, and altering eating habits in up-and-coming nations are the major factors for the growth of the market. Increasing requirement for vegetable oil as a feedstock for production of biodiesel is also boosting the growth of biofuels market. Furthermore, rising penetration in the market by major producing nations such as Malaysia, Indonesia, and Thailand might unlock new avenues in the forecast period in the biofuels market.   

Report Scope:  

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Types Segment Analysis Preview  

Bioethanol and biodiesel are the two type of the biofuels. In 2020, bioethanol segment is likely to hold the biofuels market and added up for noteworthy share of the global biofuels market in terms of volume and value. This is attributed to the rising demand for automotive fuel due to their environment-friendly characteristics to mitigate greenhouse gas emission.

Forms Segment Analysis Preview   

Liquid forms segment dominated the global biofuels market in 2020. It accounted for more than 49% share of the total market in 2020 and it is likely to witness the major growth in the coming years.  

Key Market Players & Competitive Landscape

Some of the major players of global biofuels market includes Copersucar S.A DSM, Green Plains Inc., Aemetis Inc, Western Dubuque Biodiesel Llc, Solazyme Inc, Renewable Energy Group, Raizen Energia Participacoes S.A, BlueFire Renewables, Aventine Renewable Energy Holdings, Inc. (AVRW), and Australian Renewable Fuels Ltd. among others.  

The global biofuels Market is segmented as follows:

By Types

  • Bioethanol
  • Biodiesel

By Forms  

  • Solid
  • Liquid
  • Gaseous

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Type
        • 2.1.1.2. Market Attractiveness Analysis, By Form
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Biofuels Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Biofuels Market – Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 4.2. Bioethanul
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Biodiesel
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Biofuels Market – Form Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Form, 2020 & 2028
    • 5.2. Sulid
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Liquid
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Gaseous
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Type, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Form, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Type, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By Form, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, By Type, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, By Form, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, By Type, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, By Form, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Type, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Form, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Type, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By Form, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Type, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By Form, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Type, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By Form, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Type, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By Form, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Type, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By Form, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By Form, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Form, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Type, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By Form, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Type, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By Form, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Type, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By Form, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Type, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By Form, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Type, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By Form, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Form, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Type, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Form, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Type, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By Form, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Type, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By Form, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By Form, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Form, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, By Type, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, By Form, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, By Form, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Form, 2016 – 2028
  • Chapter No. 7: Biofuels Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Biofuels Market: Company Market Share, 2019
      • 8.1.2. Global Biofuels Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Biofuels Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Biofuels Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Type Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. Copersucar S.A DSM
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Type Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Green Plains Inc
    • 9.3. Aemetis Inc
    • 9.4. Western Dubuque Biodiesel Llc
    • 9.5. Sulazyme Inc
    • 9.6. Renewable Energy Group
    • 9.7. Raizen Energia Participacoes S.A
    • 9.8. BlueFire Renewables
    • 9.9. Aventine Renewable Energy Huldings, Inc. (AVRW)
    • 9.10. Australian Renewable Fuels Ltd
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Form
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Biofuels Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries 
FIG NO. 6. Market Revenue Share, By Type, 2020 & 2028 
FIG NO. 7. Global Biofuels Market for Bioethanol, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Biofuels Market for Bioethanol, By Country, 2020 & 2028 
FIG NO. 9. Global Biofuels Market for Biodiesel, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Biofuels Market for Biodiesel, By Country, 2020 & 2028 
FIG NO. 11. Market Revenue Share, By Form, 2020 & 2028 
FIG NO. 12. Global Biofuels Market for Solid, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Biofuels Market for Solid, By Country, 2020 & 2028 
FIG NO. 14. Global Biofuels Market for Liquid, Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Biofuels Market for Liquid, By Country, 2020 & 2028
FIG NO. 16. Global Biofuels Market for Gaseous, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Biofuels Market for Gaseous, By Country, 2020 & 2028
FIG NO. 18. Global Biofuels Market Revenue Share, By Region, 2020 & 2028
FIG NO. 19. North America Biofuels Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 20. Porter’s Five Forces Analysis for Global Biofuels Market 
FIG NO. 21. PEST Analysis for Global Biofuels Market
FIG NO. 22. Pricing Analysis for Global Biofuels Market
FIG NO. 23. Value Chain Analysis for Global Biofuels Market
FIG NO. 24. Company Share Analysis, 2019
FIG NO. 25. Radar Determinant Chart, 2019
FIG NO. 26. Company Strategic Developments – Heat Map Analysis
FIG NO. 27. Copersucar S.A DSM Business Segment Revenue Share, 2020 (%)
FIG NO. 28. Copersucar S.A DSM Geographical Segment Revenue Share, 2020 (%)
FIG NO. 29. Market Channels   
FIG NO. 30. Marketing Channel Development Trend
FIG NO. 31. Growth in World Gross Type, 2008-2018 
FIG NO. 32. Research Methodology – Detailed View
FIG NO. 33. Research Methodology 
 


Table Of Tables

List of Tables  

TABLE NO. 1. Global Biofuels Market: Snapshot 
TABLE NO. 2. Quarterly Biofuels Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Biofuels Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
TABLE NO. 6. Global Biofuels Market for Bioethanol, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7 Global Biofuels Market for Biodiesel, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8: Global Biofuels Market for Solid, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9 Global Biofuels Market for Liquid, by Region, 2016 – 2028 (USD Billion) 
TABLE NO. 10 Global Biofuels Market for Gaseous, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11: Global Biofuels Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 12: North America Biofuels Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 13: North America Biofuels Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 14: North America Biofuels Market Revenue, By Form, 2016 – 2028 (USD Billion)
TABLE NO. 15: U.S. Biofuels Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 16. U.S. Biofuels Market Revenue, By Form, 2016 – 2028 (USD Billion)
TABLE NO. 17. Canada Biofuels Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 18. Canada Biofuels Market Revenue, By Form, 2016 – 2028 (USD Billion)
TABLE NO. 19. Mexico Biofuels Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 20. Mexico Biofuels Market Revenue, By Form, 2016 – 2028 (USD Billion)
TABLE NO. 21. Drivers for the Biofuels Market: Impact Analysis
TABLE NO. 22. Restraints for the Biofuels Market: Impact Analysis
TABLE NO. 23. Major Buyers of Biofuels
TABLE NO. 24. Distributors/Traders List of Biofuels 
TABLE NO. 25. Global Biofuels Market, Company Market Revenue, 2016 – 2019 (USD Billion) 
TABLE NO. 26: Global Biofuels Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)   


 

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Biofuels market. Zion Research has collected and analyzed key data belong to the global Biofuels market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macro economic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Biofuels across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first-hand data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Biofuels industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Biofuels market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
  • Data is then crosschecked by an expert panel.

Free Analysis

Biofuels are the fuels produced from metabolic by-products such as organic and food waste products or from living organisms. Biofuels are solid, liquid or gaseous fuel derived from biomass, living organisms or their metabolic by-products like manure from cows. Biofuels originally come from the sun captured through photosynthesis by the plants which are used as feedstock for biofuel production and is stored in the plant’s cells. For manufacturing of biofuels various plants and plant derived materials are used like, natural oils from plants, wood and it’s by products sugar crops, and waste from industry, agriculture, forestry, and households.

Biofuels are significantly gaining attention globally as substitutes for petroleum-derived transportation fuels so as to help energy security, energy cost and global warming concerns linked with fossil fuels. Biofuels can contain relatively familiar ones, such as diesel-like fuel made from soybean oil or ethanol made from sugar cane to less familiar fuels like dimethyl ether (DME) or Fischer-Tropsch liquids (FTL) made from lignocellulosic biomass.

Global Biofuels Market

The Biofuels market has grown at a rapid pace over the past few years and is witnessing stupendous growth during the forecast period. The market for biofuels is driven by a number of factors, such as stringent environmental regulations promoting the use of biofuels, and need for economic development. However, hurdles related to distribution, development and retailing of fuels may adversely hamper the growth of the market.

Global biofuels market has been segmented on the basis of type, form, and region. On the basis of type, biofuels market is classified into bioethanol and biodiesel. Bioethanol segment dominated the overall market in 2016 owing to growing applications in wide range of industrial applications, in the pharmaceutical sector, the chemical industry, and as a fuel. On the basis of form, the market is characterized into liquid, solid, and gaseous.

Geographically, biofuels market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America biofuels market dominated the overall market in 2016and is likely to account for the leading share of the revenue during the years to come. The rising awareness about the advantages of biofuels on conventional fuels and strict policies and regulations pertaining to the environment with environmental issues among the public are contributing to the growth of the region. North America will be followed by Europe, whose development will be governed by similar factors.

Key players in biofuels market are Copersucar S.A DSM, Green Plains Inc., Aemetis Inc, Western Dubuque Biodiesel LLC, Solazyme Inc., Renewable Energy Group, Raizen Energia Participacoes S.A, BlueFire Renewables, Aventine Renewable Energy Holdings, Inc. (AVRW), and Australian Renewable Fuels Ltd. among others.

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FrequentlyAsked Questions

The global Biofuels Market was valued at USD 172.2 Billion in 2020.

The global Biofuels Market is expected to reach USD 251.3 Billion by 2028, growing at a CAGR of 4.3% between 2021 to 2028.

Some of the key factors driving the global Biofuels Market growth are Increasing low price of biofuels than other vegetable oils, increasing investments for installing biofuels and biogas plants and lack of spaces in surroundings for biofuel plants to get settled due to rising urbanization.

Asia Pacific region held a substantial share of the Biofuels Market in 2020. This is attributable to the owing to rise in the yield of biofuels, rise in the cumulative land region of biofuels plantation, and high spending in R&D related.   

Some of the major players of global Biofuels market includes Copersucar S.A DSM, Green Plains Inc., Aemetis Inc, Western Dubuque Biodiesel Llc, Solazyme Inc, Renewable Energy Group, Raizen Energia Participacoes S.A, BlueFire Renewables, Aventine Renewable Energy Holdings, Inc. (AVRW), and Australian Renewable Fuels Ltd. among others.

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