Absolute Markets Insights has recently added an extensive report to its repository titled Biofuel market. The latest market study provides a lucid understanding of the Biofuel sector and the report scrutinizes the data by using primary and secondary research techniques. Moreover, it also sheds light on various dynamic aspects of businesses such as client requirements, demanding products or services, shares, and raw material. Additionally, the data has been examined by means of effective analysis technique such as, SWOT and Porter’s Five analysis. This in return also gives a descriptive overview of strengths, weaknesses, threats, and opportunities.
The study especially focuses on widespread global regions such as North America, Latin America, Asia-Pacific, Europe, and India on the basis of the manufacturing base, productivity, and profit margin. Moreover, the market scope has been analyzed on the basis of different practical oriented case studies from various industry experts and policymakers. For the analysis, the report uses numerous graphical presentation techniques such as tables, charts, graphs, pictures and flowchart for easy and better understanding to the readers. Economic aspects of the businesses have been presented by providing significant facts and figures which deliver a financial overview of the business process.
Global biofuel market was valued at US$ 136.2 Bn in 2020 and is anticipated to grow at a CAGR of 2.5% over the forecast period to reach US$ 165.4+ Bn in 2030. Globally, rapidly growing industrialization and urbanization across economies have created an upsurge in the demand for energy. For instance, in November 2019, International Energy Agency (IEA) stated in their ‘World Energy Outlook’ report that world energy demand rose by 2.3% in 2018 and is anticipated to grow by 1.3% year-on-year/ CAGR till 2040. Rise in demand for energy is mainly (approx. 70.0%) served by non-renewable fossil fuels including gasoline, kerosene, diesel, coal among others. Extensive use of fossil fuels have resulted in rapid depletion of their total recoverable reserves on earth.
Key Topics Covered:
Introduction, Research & Methodology, Executive Summary, Market Dynamic, Market Share Analysis, Source Type Market, Product Type Market, Industry Market, Regional Segmentation
Please click the link below to get a full report: https://www.absolutemarketsinsights.com/reports/Biofuel-Market%C2%A0-2019-2027-595
Rising awareness for environment has caused concerns regarding the use of traditional fossil fuels. In 2018, Global Energy & CO2 Status Report 2019 of International Energy Agency (IEA) states that due to higher energy consumption, CO2 emissions across the globe rose by 1.7% in 2018. Fossil fuels are the primary sources of CO2 emissions. Rise in number of automobiles, expanding electricity power generation infrastructure and industrial growth has contributed towards exploitation of fossil fuel reserves thus, resulting in high emission of greenhouse gases which resulted in increase in the temperature of earth’s surface. Global Land-Ocean Temperature Index of National Aeronautics and Space Administration (NASA) depicts a constant rise in average temperature with 2016 being the hottest year till date. Also, globally oil spills of these conventional fossil fuels have created high losses of wealth and lives.
Key Players Operating in Global Biofuel Market: Abengoa Bioenergia SA, ADM, Australian Renewable Fuels Limited, BlueFire Ethanol Fuels, Inc., BP p.l.c., Eni, Envien Group, Green Plains, Louis Dreyfus Company, Pacific Ethanol, Inc., Petrobras, Reliance Industries Limited, Renewable Energy Group, Inc., Scandinavian Biogas Fuels International AB, Shell, Sinopec, Total and VERBIO Vereinigte BioEnergie AG
Global Biofuel Market: Key Segmentation
By Fuel Type
- Ethanol
- Biodiesel
- Others (Biogas, Methanol, Biohydrogen, etc.)
By Type of Feed-stocks
- Maize
- Sugar cane
- Molasses
- Soybean oil
- Palm oil
- Others (Waste, Forest Products, Animal Fat, etc.)
By Consumption of Biofuel
- Passenger Vehicles
- Road Freight
- Shipping
- Aviation
- Others (Heating, Power Generation, etc.)
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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