The global liquid biofuels market size is expected to reach around US$ 126.45 billion by 2030 from US$ 71.66 billion in 2021 and is expected to grow at an impressive double-digit rate of 6.5% from 2022 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global liquid biofuels market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
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Exhaust from motor vehicles is one of the biggest contributors of air pollution in the world. The U.S. Environment Protection Agency have declared that the on- road motorcars emits three fourth of carbon monoxide pollution in the country. The European Parliament has also stated that 72% of the EU’s carbon emigrations come from road transport. To address the issues surrounding raising air pollution layers, Liquid Biofuels similar as biodiesel and ethanol have come out as the most feasible and viable substitutes to conventional fossil fuels similar as petrol. Governments around the world are actively promoting the adoption of biofuels for transport conditioning as the carbon- grounded energies carry human health costs as well as heavy environmental costs.
Liquid Biofuels Market Estimations Y-O-Y:
- Market Size Was Valued In 2021: US$ 71.66 Billion
- Market Size Is Projected to Grow By 2022: US$ 76.31 Billion
- Market Size Is Projected to Grow By 2023: US$ 81.26 Billion
- Market Size Is Projected to Grow By 2024: US$ 86.55 Billion
- Market Size Is Projected to Grow By 2025: US$ 92.18 Billion
- Market Size Is Projected to Grow By 2026: US$ 98.18 Billion
- Market Size Is Projected to Grow By 2027: US$ 104.58 Billion
- Market Size Is Projected to Grow By 2028: US$ 111.41 Billion
- Market Size Is Projected to Grow By 2029: US$ 118.69 Billion
- Market Size Is Projected to Grow By 2030: US$ 126.45 Billion
- Compound Annual Growth Rate (CAGR) from 2022 to 2030: 6.5 percent
Report Highlights
- Based on product, the bioethanol & biodiesel is the dominating segment of liquid biofuels market. Significant factors impacting the growth include innovation support (for second and third generation biofuels), favorable regulatory and political support, environmental support, geopolitical support, customer support, and agricultural and economic support.
- Based on application, transportation is the dominating segment during the forecast period. Transportation biofuel consumption is demanded to three times by 2030 and has to be on the trail with the Sustainable Development Script (SDS). This compares the one tenth of global transportation energy demand, to be compared with the current position which is around 3.5%.
Market Dynamics
Driver
The demand towards snowballing energy around the world is aiding the mining & energy industries in taking a transformational leap towards new types of energies. This is mixed with the growing concerns regarding the environment which is leading to the greater investments in the clean source of energy development. These factors inclusively are forming a rich base for the global liquid biofuels market development. In addition, more than few years, biofuels have gained substantial popularity owing to the factor that they're extracted via biological processes and are eco-friendly in nature and has the ability to replace exhaustible energy sources.
Restraint
The outbreak of the COVID-19 contagion has hovered to beget long- term damage on numerous industries. One of them is the transport industry, which is passing sharp decline in demand. The teardrop-down effect has observed an indeed major fall in the prices of biofuel, specifically in the prices of ethanol. In addition, as per the study of Purdue University, on an average manual price of ethanol fell from$1.32/ gallon in December 2019 to$0.82/ gallon in March 2020 owing to rapid drop in transport services demand. Reduced profit of ethanol among the producers has barked down the growth of the product of ethanol, which is anticipated to hamper the market growth during 2020.
Opportunities
This implies substantial production potential, with various feedstocks via presenting myriad opportunities. In metropolises, municipal waste solid in nature is to be attractive, since it's cheap and readily available and has many contending on-energy uses. In rural areas, agricultural remains have major implicit but also face contending uses similar as for animal feed. In economies with wood product diligence which are substantial in nature, timber remainders are low in cost and easy to access but also sell into an established and growing market for heat and electricity generation. Dedicated energy of lignocellulosic crops have further eventuality if more land is been available for a blend of food and energy. This could be attained via advanced food crop yields and more effective use of grassland for animals.
Challenge
Biofuels that are produced from biobased materials are a good alternative to petroleum based energies. They offer several benefits to the environment and society. Production of biofuels of alternate generation is indeed more puzzling than producing the biofuelsof first generation owing to the intricacy of the biomass and its problems related to harvesting, producing, and transporting less dense biomass to centralized biorefineries. In addition, about$ 1 billion was spent in the time 2012 by the government agencies in US to meet the mandate to replace 30%existing liquid transportation energies by 2022 which is 36 billion gallons/ time. Other countries in the world have set their own targets to replace petroleum energy by biofuels. Still, above mentioned challenges hampers the expansion of liquid biofuel market.
Why should you invest in this report?
If you are aiming to enter the global liquid biofuels market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for liquid biofuels are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global liquid biofuels market include:
- Archer Daniels Midland Company
- Gevo
- Green Plains
- Wilmar International
- Algenol
- Pacific Ethanol Inc.
- Valero Energy Corp.
- Petrobras; Butamax
- Renewable Energy Corp.
- Bunge North America Inc.
Segments Covered in the Report
By Product
- Biodiesel
- Bioethanol
- Others
By Application
- Transportation Fuel
- Power Generation
- Thermal Heating
By Feedstock
- Sugar Crops
- Starch Crops
- Vegetable Oils
- Animal Fats
- Others
By Process
- Fermentation
- Transesterification
- Others
Regional Analysis:
The geographical analysis of the global liquid biofuels market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global liquid biofuels Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global liquid biofuels market in 2030?
- What is the expected CAGR for the liquid biofuels market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global liquid biofuels market?
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. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Liquid Biofuels Market
5.1. COVID-19 Landscape: Liquid Biofuels Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Liquid Biofuels Market, By Product
8.1. Liquid Biofuels Market, by Product Type, 2022-2030
8.1.1. Biodiesel
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Bioethanol
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Others
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Liquid Biofuels Market, By Application
9.1. Liquid Biofuels Market, by Application, 2022-2030
9.1.1. Transportation Fuel
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Power Generation
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Thermal Heating
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Liquid Biofuels Market, By Feedstock
10.1. Liquid Biofuels Market, by Feedstock Type, 2022-2030
10.1.1. Sugar Crops
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Starch Crops
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Vegetable Oils
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Animal Fats
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Others
10.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Liquid Biofuels Market, By Process Type
11.1. Liquid Biofuels Market, by Process Type, 2022-2030
11.1.1. Fermentation
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Transesterification
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Others
11.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Liquid Biofuels Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Product (2017-2030)
12.1.2. Market Revenue and Forecast, by Application (2017-2030)
12.1.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.1.4. Market Revenue and Forecast, by Process Type (2017-2030)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Product (2017-2030)
12.1.5.2. Market Revenue and Forecast, by Application (2017-2030)
12.1.5.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.1.5.4. Market Revenue and Forecast, by Process Type (2017-2030)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Product (2017-2030)
12.1.6.2. Market Revenue and Forecast, by Application (2017-2030)
12.1.6.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.1.6.4. Market Revenue and Forecast, by Process Type (2017-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Product (2017-2030)
12.2.2. Market Revenue and Forecast, by Application (2017-2030)
12.2.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.2.4. Market Revenue and Forecast, by Process Type (2017-2030)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
12.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
12.2.5.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.2.5.4. Market Revenue and Forecast, by Process Type (2017-2030)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
12.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
12.2.6.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.2.6.4. Market Revenue and Forecast, by Process Type (2017-2030)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Product (2017-2030)
12.2.7.2. Market Revenue and Forecast, by Application (2017-2030)
12.2.7.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.2.7.4. Market Revenue and Forecast, by Process Type (2017-2030)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Product (2017-2030)
12.2.8.2. Market Revenue and Forecast, by Application (2017-2030)
12.2.8.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.2.8.4. Market Revenue and Forecast, by Process Type (2017-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Product (2017-2030)
12.3.2. Market Revenue and Forecast, by Application (2017-2030)
12.3.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.3.4. Market Revenue and Forecast, by Process Type (2017-2030)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
12.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
12.3.5.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.3.5.4. Market Revenue and Forecast, by Process Type (2017-2030)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
12.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
12.3.6.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.3.6.4. Market Revenue and Forecast, by Process Type (2017-2030)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Product (2017-2030)
12.3.7.2. Market Revenue and Forecast, by Application (2017-2030)
12.3.7.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.3.7.4. Market Revenue and Forecast, by Process Type (2017-2030)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Product (2017-2030)
12.3.8.2. Market Revenue and Forecast, by Application (2017-2030)
12.3.8.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.3.8.4. Market Revenue and Forecast, by Process Type (2017-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Product (2017-2030)
12.4.2. Market Revenue and Forecast, by Application (2017-2030)
12.4.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.4.4. Market Revenue and Forecast, by Process Type (2017-2030)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
12.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
12.4.5.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.4.5.4. Market Revenue and Forecast, by Process Type (2017-2030)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
12.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
12.4.6.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.4.6.4. Market Revenue and Forecast, by Process Type (2017-2030)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Product (2017-2030)
12.4.7.2. Market Revenue and Forecast, by Application (2017-2030)
12.4.7.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.4.7.4. Market Revenue and Forecast, by Process Type (2017-2030)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Product (2017-2030)
12.4.8.2. Market Revenue and Forecast, by Application (2017-2030)
12.4.8.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.4.8.4. Market Revenue and Forecast, by Process Type (2017-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Product (2017-2030)
12.5.2. Market Revenue and Forecast, by Application (2017-2030)
12.5.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.5.4. Market Revenue and Forecast, by Process Type (2017-2030)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Product (2017-2030)
12.5.5.2. Market Revenue and Forecast, by Application (2017-2030)
12.5.5.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.5.5.4. Market Revenue and Forecast, by Process Type (2017-2030)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Product (2017-2030)
12.5.6.2. Market Revenue and Forecast, by Application (2017-2030)
12.5.6.3. Market Revenue and Forecast, by Feedstock Type (2017-2030)
12.5.6.4. Market Revenue and Forecast, by Process Type (2017-2030)
Chapter 13. Company Profiles
13.1. Archer Daniels Midland Company
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Gevo
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Green Plains
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Wilmar International
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Algenol
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Pacific Ethanol Inc.
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Valero Energy Corp.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Butamax
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Renewable Energy Corp.
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Bunge North America Inc.
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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