Advanced Biofuels Market Scope
The increasing global consumption of energy is demanding for more renewable and sustainable sources of energy. Advanced biofuels being environment friendly will be adopted by people across the globe. It can be used in automotive as well as aviation fuel in the near future as a sustainable alternative to traditional fuels. There are very few numbers of advanced biofuel manufacturers and it is expected there would be more manufacturers over the forecast period. Huge investments are being made by companies in R&D to develop technologies to convert biomass into advanced biofuels.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | GranBio (Brazil), Inbicon A/S (Denmark), Clariant (Switzerland), A2BE Carbon Capture LLC. (United States), Fujian Zhongde Energy Co., Ltd (China), Bangchak Petroleum Plc (Thailand), Algenol Biotech (United States), Abengoa Bioenergy (Spain) and DowDuPont Inc. (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Advanced Biofuels market throughout the predicted period.
GranBio (Brazil), Inbicon A/S (Denmark), Clariant (Switzerland), A2BE Carbon Capture LLC. (United States), Fujian Zhongde Energy Co., Ltd (China), Bangchak Petroleum Plc (Thailand), Algenol Biotech (United States), Abengoa Bioenergy (Spain) and DowDuPont Inc. (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Advanced Biofuels market by Type , by Application (Automotive and Aviation) and Region with country level break-up.
On the basis of geography, the market of Advanced Biofuels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
On 21 June 2019, Western Dubuque Biodiesel, a leading biofuel energy company announced the monarch fueling station project. and On 22 July 2019, BP announced the major expansion in renewable energy, combining biofuels and biopower with Bunge in Brazil to create a world-class bioenergy company.
Influencing Trend:
High Economic Growth, Underway For Several Decades in Most Developing Countries across the Globe, Has Resulted In Robust Demand for Various Energy Sources
Market Growth Drivers:
Supportive Government Policies That Encourage the Rapid Growth of Biofuel Production and Large R&D Efforts and Sizable Investments Being Made By Public and Private Organizations
Challenges:
Fluctuating Raw Material Prices
Restraints:
The Production and Use of Biofuels Produce a Range Of Emissions
Opportunities:
The Emerging Demand from Developing Countries
Key Target Audience
Biofuel Energy Manufacturers, Biofuel Energy Raw Material Suppliers, Biofuel Energy Traders/Distributors, Regulatory & Government Bodies, End Users and Others