Advanced Biofuel Market Overview
According to a research survey conducted by ChemView Consulting, the current valuation of the Global Advanced Biofuel Market is worth US$ 7,465.0 Mn in 2022. The market value of stainless steel is expected to reach US$ 9,727.0 Mn by 2032, growing at a CAGR of 8.7% over the forecast period.
“Advanced biofuels” refers to fuels produced from various biomass, including municipal, agricultural, and other wastes. The term “second-generation biofuels” is also used. It is more difficult to obtain the necessary fuel from these biofuels since they are derived from woody crops or lignocellulosic biomass, sugars, non-starches, and agricultural waste.
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ChemView Consulting has analyzed the market will continue to grow in the upcoming years due to the increasing use of advanced biofuel in energy production, transportation, and consumer demand for refined diesel and biodiesel. The expansion of the advanced biofuel market will be greatly fueled in the next years by factors like the increasing concentration of OEMs and ODMs across sectors, including kinds and raw materials in the American region.
According to ChemView Consulting, Due to the critical roles being played by factors like the greater concentration of Advanced Biofuel manufacturing companies and the rising production of public transportation, the transportation sector of the market for advanced biofuel has experienced growth at a special rate over the past few years and is anticipated to continue doing so in the forecast period.
Segments Covered in Report
By Processing Technology:
- Biochemical Process
- Thermochemical Process
By Raw Materials:
- Energy Crops
- Municipal Solid Waste
- Green Waste
- Cellulosic Biofuel
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
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Key Takeaways from the Advanced Biofuel Market
- Based on processing technology, biochemical processes have increased throughout time due to their simpler methods compared to thermochemical ones and lower carbon footprints due to the avoidance of heating.
- Based on the raw material, the municipal solid waste segment is expected to dominate in revenue over the anticipated time horizon.
- Based on the type, Bio-butanols are predicted to have the largest revenue share since biofuels are used more frequently as motor fuel.
- Increasing demand for cleaner-burning transportation fuels, particularly in the United States, has resulted in North America dominating the advanced biofuel industry with a 39.8% market share. The target industry is also expected to have rapid expansion shortly due to key players in the sector and strategies used by the biggest businesses in North American nations.
Key companies covered in the market study are Fujian Zhongde Energy Co. Ltd., DuPont Danisco Cellulosic Ethanol LLC, Bangchak Corporation PCL, POET-DSM Advanced Biofuels LLC, Clariant AG, Targray Technology International Inc., Sundrop Fuels Inc.
Report Key Highlights
- Detailed information on factors that will assist Global Advanced Biofuel’s growth during the next ten years
- Assessment of the historical and current Global Advanced Biofuel Market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
- The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
- Segment-wise, country-wise, and region-wise market analysis
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving worldwide Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy, and Packaging clients. 70% of the largest Forbes 1000 enterprises are our clients. We serve global clients across leading & niche market segments across Chemicals & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.
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