In a recently published report, Global Biofuels Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Biofuels Market products.
Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10064535
It is also anticipated to grow on account of the growing demand for alternative renewable energy sources, backed by the growing concern for pollution worldwide emitted from burning conventional fuel sources. Total electricity capacity from renewable energy sources around the world increased from around 750,000MW in 2000 to about 2,500,000MW in 2019. Additionally, electricity from hydropower energy, wind, solar, and bioenergy, grew from around 780000MW, 16000MW, 1200MW, and 29000MW in 2000 to 1300000MW, 620000MW, 580000MW, and 120000MW in 2019 respectively.
With rising environmental concerns and a need to find a replacement to fossil fuels has given the global biofuels market a considerable boost. While biofuels are renewable and ecologically less harmful, their performance stands on a comparable measure to standard conventional counterparts. Moreover, ever fluctuating market prices of standard petroleum (crude as well as by-products) have further necessitated a need for a much more stable alternative. In lieu of such concerns, governments of many prominent and emerging economies have given the go to investing more in R&D towards biofuel production.
Values at US$ XX in 2017 and growing at a CAGR of XX%, the global biofuels market is expected to be valued at US$ XX by 2022.
Technology
First generation biofuels haven’t gained quite much acceptance in the global market, primarily owing to their process of production. First gen biofuels are synthesised by the biomass method, making use of oils, sugars, starch and typical food crops, directly competing with resources laid aside for food production.
Owing to such growing controversies, manufacturers have started shifting focus towards the production of second-gen biofuels. The biomass method also aids these, however, only the left-over wastes from food cultivation are made use of (wheat straw, maize stalks, etc).
Market Dynamics
The continually fluctuating prices of fossil fuels have been a concern to the market since long. While producers of the raw product enjoy full control over the market, potential processing companies and clients always face the bitter bite. Arguably, this is the primary reason for the sudden growth of the global biofuels market in the last two-three decades. Not only do they provide with a price steady alternative, but their performance is not too distinguishable from standard fossil fuel counterparts. Moreover, targeted research has also made it possible to blend biofuels with conventional petrol and diesel, establishing new opportunities and avenues. Primary among them is the rising production of FFVs (flexible fuel vehicles), which make use of these blends to power themselves.
While price fluctuates might be a reason, ecological concern over rising emission rates has also aided the market. Thanks to the increasing social responsibility to transition towards renewable counterparts, general acceptance for biofuels came rather unchallenged. In many cases, governments themselves have provided funds and resources to aid research and production. However, first-gen biofuels haven’t received much acclaim or acceptance owing to their direct competition with food.
Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10064535
Market Segmentation
The market is segmented based on fuel type as well as feedstock type. Under fuel type, the market is segmented into ethanol and biodiesel. Of these, ethanol has proven to be the more accepted option, primarily owing to its higher compatibility in already working models.
Under the feedstock branch, the market is segmented into ethanol feedstock and biodiesel feedstock. While first gen feedstocks have been shunned by most, second gen ethanol counterparts have been gaining quite the popularity in recent times. An obvious reason to this lies in the very nature of second gen’s production process. While it provides with a means to effectively dispose of/reuse wastes, there is no direct competition with food either. Also, biodiesel produced from rapeseed stock is of particular interest to many. Since biodiesels synthesised from rapeseed have in general a lower freezing point, they provide very effective renewable alternatives in many colder regions.
Regional Analysis
At present, the US and the EU are the largest consumers in the global market, the US being the larger of the two. While these two may lead the current charts, Asia is poised to make a stance somewhere in between, experiencing the fastest growth in the sector. Also of notable interest is Latin America, which like Asia, ranks in abundant resources that aid towards biofuel generation.
Key players
Key players in the market include INEOS, Neste, ADM and Renewable Energy Group. Other prominent players are Gushan, Henan Tianguan, Shell, Petrobras and Jilin.
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10064535
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
Contact Us
Kenneth Research
Email : sales@kennethresearch.com
Phone: +1 313 462 0609
