PUBLISHER: The Business Research Company | PRODUCT CODE: 1669436
PUBLISHER: The Business Research Company | PRODUCT CODE: 1669436
Biofuel testing services involve specialized testing and analysis of biofuels to evaluate their quality, performance, and compliance with regulatory standards. This testing is a crucial step in the process, ensuring accuracy in blends for customers, producers, suppliers, and distributors.
The primary types of biofuel testing services products include ethanol, biodiesel, biogas, green diesel, butanol, and others. Ethanol is a biofuel produced through the fermentation of sugars found in crops such as corn, sugarcane, or cellulosic materials. These testing services are conducted at both off-site and on-site locations and find applications in various industries, including automotive, biofuel companies, mining, energy generation, refineries, and others.
The biofuel testing services market research report is one of a series of new reports from The Business Research Company that provides biofuel testing services market statistics, including biofuel testing services industry global market size, regional shares, competitors with a biofuel testing services market share, detailed biofuel testing services market segments, market trends and opportunities, and any further data you may need to thrive in the biofuel testing services industry. This biofuel testing services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The biofuel testing services market size has grown strongly in recent years. It will grow from $2.66 billion in 2024 to $2.89 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to rising biofuel production, quality assurance, environmental regulations, increasing adoption of renewable energy, rising demand for sustainable aviation fuels
The biofuel testing services market size is expected to see strong growth in the next few years. It will grow to $3.86 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to consumer preference for sustainable products, metagenomic analysis for feedstock characterization, remote sensing for biofuel crop monitoring, increasing adoption of automation in testing processes. Major trends in the forecast period include technological advancements in biofuel production, advancements in testing technologies, emergence of advanced biofuels, bioenergy innovation, blockchain for supply chain transparency.
The rising demand for biofuels is anticipated to drive the growth of the biofuel testing services market in the coming years. Biofuels are renewable fuels produced from organic matter, such as plants, serving as an alternative to fossil fuels. Biofuel testing services involve specialized testing and analysis to evaluate the quality, performance, and regulatory compliance of biofuels. The growing demand for biofuels creates a significant need for these testing services to ensure that they meet quality standards and regulations. For example, in February 2024, the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, projected that biofuel demand would increase by 38 billion liters between 2023 and 2028, representing nearly a 30% rise compared to the previous five years. Overall, total biofuel demand is expected to reach 200 billion liters by 2028, reflecting a 23% increase. Therefore, the rising demand for biofuels is propelling the growth of the biofuel testing services market.
The rapid escalation of fuel prices is anticipated to fuel the growth of the biofuel testing services market in the upcoming years. Fuel, a substance utilized for energy generation through combustion or other chemical reactions, is crucial for various applications, including heat generation, power production, and propulsion. The increasing cost of conventional fuels is making biofuels more valuable as substitutes, supporting economic resilience, energy security, and sustainability. This heightened demand for biofuels is, in turn, driving the need for biofuel testing services. For instance, according to the Bureau of Transportation Statistics in August 2022, traditional motor gasoline prices surged by 49% between January and June 2022, while diesel costs increased by 55%. Despite a slight reduction in fuel costs in June and July 2022, prices remain more than double those of two years ago. Thus, the rapid rise in fuel prices is a catalyst for the biofuel testing services market.
Sustainable biofuel testing emerges as a prominent trend gaining traction in the biofuel testing services market. Key companies in this market are actively engaged in developing innovative and sustainable solutions to reduce emissions and strengthen their market position. For instance, in June 2023, Royal Caribbean Group, a US-based shipping line company, announced groundbreaking biofuel testing aimed at scaling up biofuel usage. This testing will provide vital information on the fuel's capabilities and the necessary supply chain infrastructure, promoting the exploration of advanced fuel alternatives that minimize carbon impact and sustain ocean vitality. The biofuel mix is generated by combining gasoline oil with purified renewable raw materials during this three-month test, creating a cleaner and more sustainable alternative fuel.
Major companies in the biofuel testing services market are concentrating on creating innovative solutions, such as the APS-BIO service, to improve the accuracy and efficiency of biofuel quality evaluations. APS-BIO is an advanced process solution related to biofuels, typically aimed at optimizing and enhancing biofuel production processes. For example, in November 2022, Veritas Petroleum Services, a Netherlands-based bunker fuel testing company, introduced APS-BIO, a service designed to ensure the safe and effective use of biofuels in maritime operations as part of the industry's decarbonization initiatives. This initiative emphasizes providing thorough safety assessments and monitoring to ensure that biofuels comply with necessary standards, while also assisting shipping companies with regulatory compliance. By promoting the use of sustainable fuel alternatives, APS-BIO aids the maritime sector's shift toward cleaner energy sources, reinforcing VPS's dedication to innovation and sustainability within the industry.
In August 2024, Trafigura Group Pte. Ltd., a commodities company based in Singapore, acquired Greenergy International Ltd. for an undisclosed amount. This acquisition aims to enhance Trafigura's energy portfolio by utilizing Greenergy's expertise in biofuels and road fuels to promote a lower-carbon economy, expand supply capabilities, and accelerate growth in sustainable energy solutions. Greenergy International Ltd. is a UK-based producer of biodiesel and also provides biofuel testing services.
Major companies operating in the biofuel testing services market include Thermo Fisher Scientific, Eurofins Scientific, SGS SA, Bureau Veritas, Intertek Group PLC, PerkinElmer, LECO Corporation, Shimadzu Corporation, TUV SUD, Waters Corporation, Bruker Corporation, UL LLC, ALS Global, Merieux NutriSciences, Saybolt, AmSpec LLC, Element Materials Technology, Gensuite LLC, Fare Labs Private Limited, Beta Analytic, EnviroLogix, Chem-Tech Laboratories, Agilent Technologies, Biomass Energy Lab (BEL), Peak Petroleum Testing Services Inc., Biofuel Systems Group Limited, FOI Laboratories
North America was the largest region in the biofuel testing services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biofuel testing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the biofuel testing services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The biofuel testing services market includes revenues earned by entities by providing biodiesel analysis services, biofuel pellets testing services, liquefied gas testing services, and nitrogen testing services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Biofuel Testing Services Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on biofuel testing services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for biofuel testing services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The biofuel testing services market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.