PRESS RELEASE
Posted on February 27, 2023
“Biofuels market” The report is an in-depth analysis study offered that explains necessary aspects such as competition, segmentation, and indigenous growth in immeasurable detail. As part of the competitive analysis, the analysis study includes a thorough company identification of the leading players in the Biofuels industry.
Global biofuels market report includes global opportunity analysis and industry forecast to 2032. The global market value is expected to reach USD 163.87 billion by 2022, registering a CAGR of 7.65 % from 2022 to 2032. The base year considered for the study is 2021, and the forecast is provided for the period 2022 to 2032.
Biofuels are gaseous or liquid substances produced from biomass that can be used as an alternative to various fossil fuels. They are the leading solution to energy security, environmental security and economic security issues associated with dependence on oil and petroleum products.
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The Biofuels Market report provides openings arising in request and unborn impact of major drivers and challenges and supports decision makers in making profitable business judgments. One of the objectives of this report is to identify the latest developments, application actions and strategies employed by the main application players. neither, less competitive niches of application with a significant growth eventuality are also linked. For the exploration methodology, secondary exploration, primary exploration, subject matter expert advice, quality control and final review were used.
Top Major Companies:
The main key players are Abengoa Bioenergy SA, Cargill, Incorporated, BTG International Ltd, DuPont, Wilmar International Ltd, Renewable Energy Group, Inc., POET, LLC, Archer Daniels Midland Company, VERBIO Vereinigte BioEnergie AG, My Eco Energy, China Clean Energy Inc., CropEnergies AG and among others.
Growth factors of the biofuels market
- Increase in the number of vehicles, industries and home lighting
- Increased concern for pollution control
- Increased customer awareness of the advantages of biofuels over conventional fuels
- Use of biofuels in aviation and maritime transport
- Various government initiatives to use biofuels to control environmental pollution
- Fluctuating prices of conventional energy sources
Recent market development:
- On January 04, 2022, Renewable Energy Group, Inc. (REG), which is a US-based biodiesel production company, acquired Amber Resources, LLC. and its affiliated entities Amber Petroleum Products and MO Dion & Sons. Amber Resources is a distributor of diesel lubricants, gasoline and other fuel components. Through this acquisition, the company will increase approximately 60 billion gallons per year of REG diesel sales.
- On January 25, 2022, POET, LLC., which is a US-based biofuels company, completed the development of an addition to POET Bioprocessing at its Portland facility. This addition would allow the capture of renewable carbon dioxide, which is a co-product of the process of producing and selling ethanol for commercial purposes. This renewable carbon dioxide is part of the pure line of all-natural POET bioproducts and is the highest grade liquid carbon dioxide on the market.
Biofuels market segment analysis
- By product (Bioethanol, Biodiesel)
- By Form (Solid, liquid, gas)
- By type of raw material (Starch-based, sugar-based, cellulose-based, vegetable oils, animal fat, biomass, others)
- By end users (Transport, electricity generation, industrial, heating, others)
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Regional analysis:
➸ North America (United States, Canada and Mexico)
➸ europe (Germany, United Kingdom, France, Italy, Russia and Turkey, Rest of Europe)
➸ Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam Rest of Asia)
➸ South America (Brazil, Argentina, Colombia, South America Reset)
➸ Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and the rest of South Africa and the Middle East)
The QMI provides unique data such as:
- A detailed overview of the global biofuels market.
- Market share and market dynamics
- GTM strategy
- Analysis of demand and supply
- Total Addressable Market (TAM)
- Service Available Market (SAM)
- Achievable Market (SOM)
- Technological trends
- Competitive landscape and main players (Innovators, Startups, Laggard and Pioneer)
Who will benefit from this report?
The Global Biofuel Sedulity Report is presented in a straightforward manner, the statistical insight will assist the user in understanding the market development patterns, vital factors, and any gaps that may affect the expansion of the sol· legality Quince Market Insights’ lowest study Market insight can help small and mid-sized investors, equity firms, start-ups, and large manufacturers understand the request. or, retailers, suppliers and government agencies can also gain useful insight from the disquisition study.
What to expect from this biofuels market report:
- A comprehensive summary of various area distributions and summary types of popular products/services in biofuels
- You can curate your industry’s growing databases when you have information on cost of production, cost of products/services, and cost of production for years to come.
- Comprehensive assessment of income for new companies that want to join Biofuels
- How exactly do the top companies and mid-level companies earn revenue within the Market?
- Complete research on global Biofuels market development that helps you select product/service launch and review growths.
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