Worldwide Biofuel Market was valued at overall 102 billion U.S. dollar and is anticipated to witness a steep rise by generating an estimated revenue of US$ XXXX over the forecast period. According to latest study conducted by our analysts and industry experts, global biofuel market is expected to grow at a CAGR of 5.42% during the forecast period, i.e. 2017-2025. Biofuels are basically the fuels that are derived from biological material or organic matter such as animal waste and plant matters. To overcome the problem of energy security, economic security related to dependency on petroleum products and to gain environmental stability, biofuels are a very efficient solution.
Global Biofuel Market Growth Opportunities (Revenue, Growth) By 2017-2025
Biofuel Market is anticipated to grow at a CAGR of 5.42% during the forecast period, owing to rising demand of sustainable, safe and clean supply of energy. Eco-friendliness of biofuels due to extraction from organic and living sources is anticipated to fuel their demand in upcoming years. Government support to production of biofuels and their extensive use by automobile industry as automobile or vehicle fuel is further expected to boost the growth of biofuels over the forecast period. Furthermore, enhancement in vehicle performance due to use of biofuels as it lubricates the fuels impactfully, can aid the growth of biofuels market in the coming years.
Rise in economy across major countries, coupled with rising research and development on raw materials that can be taken into account to produce biofuels are expected to drive the growth of global biofuel market in the recent coming years. However, low adoptation of biofuels across less developed countries, coupled with limited production of biofuels which can cause rising of cost can restrain the growth of biofuel market in the forthcoming years.
Among product type, biodiesel segment is anticipated to hold the major revenue share over the forecast period, owing to rising production of biodiesel in countries such as Germany, and other European and North American countries. Government support and tax rebates on biodiesels in some major economies can positively impact the segment’s growth during the forecast period.
Among derivative sources, crude oil is anticipated to dominate the global biofuel market in the upcoming years, owing to escalation in utilization of crude oil in the production of cosmetics, edible oil, surfactants, lubricants, and biofuels. From the criteria of sustainability also, crude oil is expected to dominate the market in the upcoming years.
North America is anticipated to show steady growth in the biofuel market in the upcoming years due to rising governmental focus on utilizing more sustainable form of fuels for vehicles as well as power generation. Presence of global market players in North America is further expected to propel the growth of the region in the global biofuel market. Europe is expected to the major market share in the global biofuel market during the forecast period, due to presence of countries such as Germany and France, which are the two prominent countries in biofuel production.
Global Biofuel Market Size, Share Analysis By Region 2017
Asia Pacific is projected to register a critical rise in the biofuel market, owing to rising air pollution in populous countries such as China and India, and rising focus on adopting a sustainable fuel source for future. Escalation in research and production activities on biofuels is further expected to boost the growth of the region during the forecast period. Middle East and Africa market gaining attraction of the investment for the companies for more scope in the regions and expected to rise healthy growth over the forecast period.
Global Biofuel Market Study Objective
1. To forecast the market size of biofuel market, along with describing and defining the market, in terms of volume and revenue.
2. Market analysis and forecast of biofuel market on the basis of region, substrate and application or end-use industry.
3. To analyze and elaborate significant factors that will have major impact on the growth of biofuel market, such as drivers, restraints, challenges and opportunities.
4. Regional analysis of biofuel market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.
5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.
6. To provide detailed analysis of competitive and strategic developments in the biofuel market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of biofuel market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of biofuel market commercially.
Major players performing in biofuel market include Raizen Energia Participacoes S.A., Abengoa S.A., Archer Daniels Midland Company, Renewable Energy Group, BlueFire Renewables, Solazyme Inc., Copersucar S.A. DSM, Flint Hills Resources, and Australian Renewable Fuels Limited.
Global Biofuel Market Report Offer You!
The global biofuel market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.
The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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