Global Carbon-Neutral Fuel Market Overview:
Carbon-neutral fuels are synthetic fuels that are created as an alternative to the liquid fuels typically burned in internal combustion engines. They are carbon neutral and do not increase or decrease the amount of carbon dioxide in the air when burned. Some carbon-neutral fuels are considered renewable energy, which can be used continuously without concern of depleting the resource in the future. Carbon-neutral fuels can be used in the transportation sector and the energy sector and also used to generate electricity in power plants that use fossil fuels to generate electricity. Rising automotive, marine, and aviation industries are projected to create a large increase in demand for carbon-neutral liquid fuels.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
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 |
Influencing Trend:
Stringent Emission Norms Are Being Implemented By Various Governments
Market Growth Drivers:
Carbon-Neutral Fuels Leads To Stopping Greenhouse Gas Environmental Damage, Remediating Global Warming, Rising Demand for Fuel-Efficient or Electric Vehicles and Government and Corporate Commitments towards Net-Zero Carbon Dioxide Emissions
Challenges:
Discovering an Alternative Carbon-Neutral Fuel Not Derived From Petroleum, High Cost of Carbon-Neutral Fuels and Need For Continuous Improvement in Product Offering
Restraints:
Rapid growth in Industrialization, Economic Development, and Urbanization and Growing Preference for Fuel-Efficient or Electric Vehicles
Opportunities:
Appropriate infrastructure to scale production processes efficiently.
Competitive Landscape:
Carbon-Neutral Fuel is a fragmented market due to the presence of a large number of established competitors. The market is highly competitive with players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Carbon Engineering Ltd (Canada), POET LLC (United States), Incorporated (United States), Archer Daniels Midland Company (United States), Koch Industries Inc. (United States), The Andersons Inc. (United States), Raízen (Brazil), Copersucar (Brazil), Abengoa (Spain), Wilmar International Limited, Bunge North America Inc. (United States), BIOX Corporation (Canada) and Renewable Energy Group Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Gevo (United States), Fulcrum BioEnergy (United States), ThruPore Technologies (United States), Synata Bio (United States), Lynntech (United States), ZuChem (United States) and Terra-Gen (United States). Considering Market by Raw Materials, the sub-segment i.e. Plant Starches And Sugars will boost the Carbon-Neutral Fuel market.
Latest Market Insights:
In November 2020, Archer Daniels Midland, a global leader in nutritional and agricultural origins and processing, announced that it had completed the purchase of Deerland Probiotics & Enzymes. About 4 in 10 consumers worldwide are looking for microbiome ingredients such as prebiotics, probiotics, and postbiotics in personalized food and beverage products. ADM's global capabilities and portfolio make it the unquestioned supplier of choice to meet these demands.
In March 2021, a new CO2 removal service was launched by Carbon Engineering that allows customers to purchase CO2 removal from the atmosphere using CE's large-scale DAC technology. Shopify, a leading global commerce company, signed on as the service's first customer, reserving 10,000 tonnes of permanent decarbonization capacity on a large-scale DAC project.
What Can be Explored with the Carbon-Neutral Fuel Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Carbon-Neutral Fuel Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Carbon-Neutral Fuel
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 Carbon-Neutral Fuel 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 Carbon-Neutral Fuel 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.
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.