Industry Background:
Liquid biofuels provide a choice gas for all kinds of interior combustion engines walking on gasoline, diesel or kerosene, such as for use in passenger vehicles, trucks, ships and airplanes. Liquid biofuels are fuels that can be produced from renewable fabric of plant or animal origin. They have been used global for over 20 years. Liquid biofuels used in transport are commonly bioethanol, a petrol substitute, biodiesel, a diesel alternative or biocrude oils, which can be used to exchange diesel or bunker oil in marine-type engines or industrial-scale boilers. Biodiesel can additionally be used in residential and industrial house heating. Some varieties of liquid biofuels are typically blended with petrol and diesel to make retail products.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Butamax Advanced Biofuels, LLC (United States), Gevo, Inc. (United States), Eniven Group (Slovakia), Emami Agrotech Limited (India), Fulcrum BioEnergy, Inc. (United States), Renewable Energy Group, Inc. (United States), Enerkem (Canada), ADM (United States), Bangchak Corporation Public Company Limited (Thailand) and Algenol (United States) |
According to AMA, the market for Liquid Biofuels is expected to register a CAGR of 11.3% during the forecast period to 2030. This growth is primarily driven by Feedstock Availability and Production Cost.
Globally, a noticeable market trend is evident The Production and use of Biofuels such as Biodiesel and Bioethanol are the most widespread in of Liquid Biofuels Market Major Manufacturers, such as Butamax Advanced Biofuels, LLC (United States), Gevo, Inc. (United States), Eniven Group (Slovakia), Emami Agrotech Limited (India), Fulcrum BioEnergy, Inc. (United States), Renewable Energy Group, Inc. (United States), Enerkem (Canada), ADM (United States), Bangchak Corporation Public Company Limited (Thailand) and Algenol (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies.
Key Developments in the Market:
In February 2020, a key player based in Italy named NextChemcame in collaboration with a company situated in U.S. named Saola Energy in order to produce dieselwhich is renewable in nature from vegetable oils and residual fats. Furthermore, Saola will also employ its is omerization technologies and hydro-treatment in order to produce renewable diesel, while NextChem will provide the clients construction, engineering, and training services under the partnership.
Influencing Trend:
The Production and use of Biofuels such as Biodiesel and Bioethanol are the most widespread in of Liquid Biofuels Market
Market Growth Drivers:
Feedstock Availability and Production Cost
Challenges:
Complexity of the Biomass, Issues related to Producing, Harvesting and Transporting less Dense Biomass to Centralized Biorefineries
Restraints:
High Cost of Production, Industrial Pollution and Future Rise in Price
Opportunities:
Increase Energy Independency and Reduce Greenhouse Gas Emissions
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Liquid Biofuels Market
- Analysis about New Entrants in Liquid Biofuels Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Liquid Biofuels Study Sheds Light on
The Liquid Biofuels Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Liquid Biofuels industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Liquid Biofuels industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.