Global Biofuel Energy Market Overview:
Biofuel, any fuel that is derived from biomass that is, plant or algae material or animal waste. Since such feedstock material can be replenished readily, biofuel energy is considered to be a source of renewable energy, unlike fossil fuels such as coal, petroleum, and natural gas. Furthermore, Biofuel energy is usually advocated as a cost-effective and environmentally benign alternative to petroleum and other fossil fuels, particularly within the context of rising petroleum prices and increased concern over the contributions made by fossil fuels to global warming.
As per latest study released by AMA Research, the Global Biofuel Energy market is expected to see growth rate of 5.3%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Market Growth Drivers:
Supportive Government Policies That Encourage the Rapid Growth of Biofuel Production, Large R&D Efforts and Sizable Investments Being Made By Public and Private Organizations, High Economic Growth, Underway For Several Decades in Most Developing Countries across the Globe, Has Resulted In Robust Demand for Various Energy Sources, Accelerating Agricultural Development and Increased Energy Prices Coupled With Market Volatility
Restraints:
Fluctuating Raw Material Prices and The Production and Use of Biofuels Produce a Range Of Emissions
Opportunities:
Next (Second and Third) Generation Biofuel Technologies and The Emerging Demand from Developing Countries
Competitive Landscape:
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Some of the key players profiled in the report are Copersucar S.A DSM (Brazil), Green Plains Inc. (United States), Aemetis Inc. (United States), Western Dubuque Biodiesel Llc (United States), TerraVia (United States), Renewable Energy Group (United States), Raizen Energia Participacoes S.A (Brazil), BlueFire Renewables (United States), Aventine Renewable Energy Holdings, Inc. (AVRW) (United States) and Australian Renewable Fuels Ltd. (Australia). Additionally, following companies can also be profiled that are part of our coverage like POET LLC (United States), Sapphire Energy (United States), Iogen Corporation (Canada), BP Biofuels (Brazil), Codexis (United States) and Carbon Green LLC (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Biofuel Energy market by 2030. Considering Market by Source Type, the sub-segment i.e. Lignocellulose will boost the Biofuel Energy market. Considering Market by Form Type, the sub-segment i.e. Solid will boost the Biofuel Energy market.
Latest Market Insights:
In April 2023, Chevron Renewable Products launched Renewable Natural Gas (RNG) derived from dairy manure at its California biogas facility. This RNG can be used for transportation or electricity generation.
What Can be Explored with the Biofuel Energy Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Biofuel Energy Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Biofuel Energy
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Biofuel Energy market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Biofuel Energy market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Biofuel Energy Manufacturers, Biofuel Energy Raw Material Suppliers, Biofuel Energy Traders/Distributors, Regulatory & Government Bodies, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.