Industry Background:
Biofuel, any gas that is derived from biomass that is, plant or algae fabric or animal waste. Since such feedstock fabric can be replenished readily, biofuel is viewed to be a supply of renewable energy, not like fossil fuels such as petroleum, coal, and herbal gas. Biofuel is generally endorsed as a low-priced and environmentally benign choice to petroleum and different fossil fuels, especially inside the context of rising petroleum fees and elevated difficulty over the contributions made through fossil fuels to international warming.
According to AMA Research, the market for Biofuels is expected to register a CAGR of 6.8% during the forecast period to 2027. This growth is primarily driven by Government Support for Eco-Friendly Alternatives.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | Value (USD Million) |
Key Companies in Study | ADM (United States), Arizona Biodiesel (United States), Amereco Biofuels Corp. (United States), Cosan (Brazil), Verbio (Germany), Gevo (United States), Renewable Energy Group (United States), Green Plains (United States), REX American Resources (United States) and Aemetis (United States) |
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 |
Globally, a noticeable market trend is evident Advancements in Biofuel Processing Technology. Major Manufacturers, such as ADM (United States), Arizona Biodiesel (United States), Amereco Biofuels Corp. (United States), Cosan (Brazil), Verbio (Germany), Gevo (United States), Renewable Energy Group (United States), Green Plains (United States), REX American Resources (United States) and Aemetis (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.
Key Developments in the Market:
In 2021, Cosan announced it signed a Share Purchase and Sale Agreement with Mansilla Participacoes Ltda. (Mansilla, a vehicle from the TIAA - Teachers Insurance and Annuity Association of America investment fund) to buy back 47% stake in Radar for BRL1. 479 billion.
Market Drivers
- Government Support for Eco-Friendly Alternatives
Market Trend
- Advancements in Biofuel Processing Technology
Restraints
- Low-diversity Biofuel sources—Corn, Soybeans, Sugarcane, Oil Palms—which are traditional Agricultural Crops
Opportunities
Biofuels can also reduce the Risk of Climate change and Greenhouse Gas Emissions
Challenges
Dealing with International trade and the Transportation of Biofuels
AMA Research follow 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 showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse 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 include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Biofuels Study Sheds Light on
The Biofuels Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Biofuels industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Biofuels industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey 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 value they currently claim, or capture the new addressable opportunity.