Biofuels Market Status and Development Trends (2020 - 2027)

Posted by Pradip on February 14th, 2022

Biofuels Market To Develop At An Escalating Pace With Fossil Fuel Shortage

The need to fully make use of waste from forestry, agricultural crops, agricultural or fishery products is estimated to transform the demand potential of biofuel production in the coming period. Also, the threat of global warming is projected to create promising traction for development in the impending period. The biofuel demand is expected to rise with support from government bodies around the world in the forthcoming period.

Biofuels Market -Overview

The pollution from fossil fuels is estimated to create prospects for the biofuels market 2020. The semiconductor and electronics industry reports are produced by Market Research Future, which highlights market options for expansion. A CAGR of 5.10% is estimated to spur the market revenues to USD 230.5 billion by 2025.

Biofuels Market Segmental Analysis

The segmental study of the biofuels market has been segmented on the basis of feedstock type, fuel type, and region. On the basis of the fuel types, the biofuels market is divided into ethanol and biodiesel. Based on the feedstock type, the global biofuels market is segmented into second, first, and the third generation. Based on the regions, the biofuels market has been segmented into Europe, the Middle East, Asia-Pacific, North America, Africa, and South America.

Detailed Regional Analysis 

The regional scrutiny of the biofuels market includes regions such as Europe, the Middle East, Asia-Pacific, North America, Africa, and South America. The highest segment of the global biofuels market is controlled by the North American region due to its supportive policies offered by the governments, such as the tax incentives offered by the governments. The US is the international leader for biodiesel, due to its strong policies and incentives for supporting production, use, and research for novel technologies for alternate fuels. The South American region is the succeeding principal producer of biofuels after the region in North America. The high oil prices and augmented use of oil are a few of the critical drivers for the advance of biofuels in South American countries like Brazil.

Read more@ https://www.marketresearchfuture.com/reports/bio-fuels-market-2933

Competitive Analysis

The inclusion of certain elements of functionality in production facilities is likely to create better supply potential for the overall market. The effect of global currencies is expected to have a significant effect on market growth. The upsurge in exports is expected to create a constructive situation for expansion in the coming period. The influence of global trade policies by various administrations is expected to further enhance the market expansion potential in the forecast period. The inventions being discovered or attempted in the market are also considered to provide further opportunities for growth in the coming period. The momentum of change in the market is predicted to create new opportunities for growth in the forecast period. The availability of new sources of raw material is likely to induce more opportunities for growth in the market. The streamlining of the distribution channels is expected to create better supply chains and lead to a more positive effect on the global market.

The major companies operating in the biofuels market are Neste Corporation (Finland), Aceites Manuelita S.A. (Colombia), GLENCORE Magdeburg GmbH (Germany), INEOS Group AG (UK), Archer Daniels Midland Company (US), Renewable Energy Group Inc. (US), Biowanze S.A. (Belgium), BlueFire Renewables (US), Cosan (Brazil), and Cargill (US) to name a few.

Industry Update

Mar 2020 Viva Energy Australia has teamed up with low-carbon fuels producer Gevo to investigate the feasibility of commercializing biofuels from regionally sourced resources within Australia.

Mar 2020 The US Department of Agriculture (USDA) has stated the provision of USD 100 million for infrastructure projects to support the improved sales of advanced biofuel blends. The funding will be given through the Higher Blends Infrastructure Incentive Program.

Table Of Contents

1. Executive Summary

2. Market Introduction

2.1. Market Definition

2.2. Scope Of The Study

2.3. Market Structure

3. Research Methodology

3.1. Primary Research

3.2. Secondary Research

3.3. Market Size Estimation

3.4. Forecast Model

3.5. List Of Assumptions

3.6. Limitations Of The Study

4. Market Insights

5. Market Dynamics

5.1. Introduction

5.2. Market Drivers

5.3. Market Restraints

5.4. Market Opportunities

5.5. Porter’s Five Forces Analysis

5.5.1. Threat Of New Entrants

5.5.2. Bargaining Power Of Buyers

5.5.3. Bargaining Power Of Suppliers

5.5.4. Threat Of Substitutes

5.5.5. Intensity Of Rivalry

Continued…