Global Biofuels Market Analysis, Trends and Opportunities -2018 - 2025
Summary -
A new market
study, titled “Global Biofuels Market Analysis,
Trends and Opportunities -2018 - 2025 ” has been featured on WiseGuyReports.
Renewable biofuels generally involve contemporary carbon fixation, such
as those that occur in plants or microalgae through the process of
photosynthesis. Other renewable biofuels are made through the use or conversion
of biomass.
The global transportation fuel demand is expected to go up by 55% by 2030
compared to 2004 and is set to drive the demand for biofuels.
Some countries have set targets regionally to use biofuels as pure mix or
as blends. In countries, like Germany and India, the governments are directing
the use of biodiesel in their public transport system. The Renewable energy
directive (RED) set by Europe aims at having 10% of the transportation system
to use renewable energy, such as biofuels. Thus contributing to the overall
goal of achieving 20% of the energy mix by 2020.
Global Biofuels market is expected to grow at a CAGR of XX% to reach
market value of USD XXXX million by 2025.
Market Drivers:
The growing interest for alternative fuels in global market is due to the
uncertain fuel prices, energy security, and the continuously rising in emission
levels. The gradual depletion of fossil fuel reserves has given rise to
renewable biofuels. The R&D efforts worldwide have led to the use of
biofuels slowly, which is gradually moving to large-scale commercialization
because their performance is similar to gasoline and diesel.
In May 2018, the US Department of Energy (DOE) issued four funding
opportunities (FOAs) totaling up to USD 78 million for advanced biofuels, and
bioenergy research and development under the Office of Energy Efficiency and
Renewable Energy’s Bioenergy Technologies Office (BETO).
Market Restraints:
Increasing taxes and import duties are impacting the growth of Biodiesel
market globally. For instance, in October 2018, European Biodiesel Board (EBB)
has advised the European Commission (EC) to implement high conditional duties
against biodiesel imports into Europe from Argentina. Expiration of tax
incentives is the added burden for bio-diesel market. For instance, biodiesel
tax incentive in the US was retroactively renewed for 2017 in the Bipartisan
Budget Act of 2018 in March 2018. However, the incentive was not extended to
2018 and is currently expired. Which is leading the investors to hold their
investments inbio-diesel development
Market Segmentation
By Fuel Type
The global biofuels market is segmented by product type into bioethanol
and biodiesel. The bioethanol segment holds significant market share, owing to
increasing demand for bioethanol as automobile fuel due to their
environment-friendly characteristic to mitigate greenhouse gas emission is
expected to propel industry growth.
Biodiesel improves lubricity in fuel and keep moving parts from wearing
prematurely. Biodiesel also causes far less damage to the environment as
compared to the petroleum diesel in the case of spillage.
Market share of Global Biofuels market by Fuel, 2017
Bio-Diesel 36%
Bioethanol 64%
By geography
North America has the highest share of the global biofuels market, owing
to its supportive policies extended by the governments, such as the many tax
incentives provided by the governments. US is the global leader for biodiesel,
owing to its robust policies, mandates, and incentives for encouraging
production, consumption, and research for new technologies for alternate fuels.
South America is the second largest producer of biofuels after North
America, with Brazil and Argentina producing more than 40% of the biofuels in
2015. The elevated oil prices and increased consumption of oil have are few of
the major drivers for the development of biofuels in Brazil. Furthermore, the
availability of large arable land and the government support have made the
country the second largest producer of biodiesel.
Recently, U.S. government blocked in practice the import of Argentine
biodiesel, which is made exclusively from soybeans, by imposing high import
duties, arguing dumping, or unfair competition with local soybean producers.
However, the prevalent strong European bonds is expected to increase the growth
of the market in Argentina.
Competitive Landscape
The increasing in product portfolio, and geographical expansion of the
companies is driving the global biofuels market.
In January 2018, Cargill announced the expansion of its portfolio in
ethanol by expanding its production at its Germany plant.
In September 2017, Cargill to build state-of-the-art biodiesel plant in
Wichita, Kansas, which wouldenable Wichita to be a competitive supplier in the
biofuels market, bringing value to the suppliers and customers we work with,
and connecting farmers with industrial customers by supplying quality
biomass-based diesel.
In 2017, Nissan launched Bio-Ethanol Fuel Cell in Brazil, to develop a
prototype vehicle that is powered by a solid oxide fuel cell (SOFC).
Why purchase the report?
• Visualize the composition of the Biofuels market across each
indication, in terms of by fuel type, by end-user (Bioethanol) and by end-user
(Biodiesel) highlighting the key commercial assets and players.
• Identify commercial opportunities in Biofuels market by analyzing
trends and co-development deals.
• Excel data sheet with thousands of data points of the Biofuels market –
level 4/5 segmentation
• PDF report with the most relevant analysis cogently put together after
exhaustive qualitative interviews and in-depth market study
• Product mapping in excel for the Biofuels products of all major market
players
Target Audience
• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Manufacturer
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governments around the globe.
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