Liquid Biofuels Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Liquid Biofuels Market grew at a CAGR of 6.8% between 2017-2021 and is estimated to be US$ 62,145.6Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 7.3% and is expected to reach a valuation of US$ 1,25,720.9Mn by 2032 end.
Oil, petroleum gas, and coal are non-renewable energy sources extracted from deep under the earth and utilized to power vehicles, heat buildings, and generate electricity. Petrochemicals, which are made from oil and are used in many everyday items like shoe bottoms and the plastic front of school buses, are another product that may be made from oil.
Petroleum derivatives have the advantage of being extremely vitality thick or having a lot of vitality per unit of volume. This suggests that non-renewable energy sources can generate heat and power cars. The earth only has a finite amount of petroleum products, which is not very good. Due to this, there is a huge demand for biofuels.
ChemView Consulting has analyzed that the market for liquid biofuels has developed largely due to some obvious contemporary problems, such as climate change, global warming, price volatility of crude oil, and the depletion of fossil resources. Additionally, the burdensome effects of these difficulties have significantly increased the market’s interest in research and development initiatives for biofuels. The creation of fuels and energy sources produced from biomass is continuing to receive attention on a global scale, which is why liquid biofuels are becoming more and more well-liked
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By 2032, the amount of transportation-related biofuels consumed must have tripled, in line with the Sustainable Development Scenario (SDS). This contrasts the current level, roughly 3.5%, with 10% of the world’s transportation fuel demand.
Segments Covered in Report
By Product Type:
- Transportation Fuel
- Power Generation
- Thermal Heating
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)
Key Takeaways from the Liquid Biofuels Market
- Based on the application, by 2032, the amount of transportation-related biofuels consumed must have tripled, in line with the Sustainable Development Scenario (SDS). This contrasts the current level, roughly 3.5%, with 10% of the world’s transportation fuel demand.
- Based on the region, due to the region’s supply of feedstock and arable land for the production of biofuels, North America has dominated the global market over the past few years, with a 34.2% market share.
Key companies covered in the market study are Archer Daniels Midland Company; Gevo; Green Plains; Wilmar International; Algenol; Pacific Ethanol Inc.; Valero Energy Corp.; Petrobras; Butamax; Renewable Energy Corp.; and Bunge North America Inc
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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