Global Biofuel Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

List of Tables

The global demand for Biofuel Market is presumed to reach the market size of nearly USD 284.32 Billion by 2032 from USD 98.5 Billion in 2023 with a CAGR of 12.5% under the study period 2024-2032.

Biofuels are renewable energy sources from biological materials, including plants, agricultural by-products, and waste. They provide alternatives to fossil fuels and can be utilized for transportation, heating, and power generation. Biofuels include bioethanol, produced through the fermentation of sugars or starches; biodiesel, created from vegetable oils or animal fats through transesterification; and advanced biofuels, generated from non-food biomass like algae or agricultural waste. The primary advantage of biofuels is their potential to lower greenhouse gas emissions & reliance on finite fossil resources, contributing to a more sustainable energy system. They are often blended with conventional fuels to meet regulatory standards and to provide a cleaner, more environmentally friendly option for energy consumption.

Market Dynamics

The biofuel market is buoyed by increasing governmental regulations & mandates to lower greenhouse gas emissions and promote renewable energy sources. Policies such as the Renewable Fuel Standard (RFS) in the United States and similar mandates in other countries incentivize the use of biofuels, thereby stimulating market growth. Additionally, the rising global awareness of climate change and the environmental impacts of fossil fuels is driving both consumer and industrial demand for cleaner energy alternatives. Technological advancements in production, including improvements in feedstock conversion and efficiency, present significant opportunities for market expansion.

The development of second and third-generation biofuels, which utilize non-food crops and waste materials, addresses food security concerns and broadens the feedstock base, enhancing sustainability. Investments in infrastructure for fuel production and distribution are also expanding, improving market accessibility. Furthermore, partnerships between governments, research institutions, and private companies foster innovation and facilitate the commercialization of advanced biofuels. However, high costs and competition with fossil fuels restrain market growth.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Biofuel. The growth and trends of Biofuel industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Biofuel market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Feedstock

Corn
Sugarcane
Vegetables Oils
Others

By Form

Solid Biofuels
Liquid Biofuels
Gaseous Biofuels

By Generation

First Generation Biofuels (Conventional Biofuels)
Second Generation Biofuels (Advanced Biofuels)
Third Generation Biofuels (Algae Fuels)

By Product

Biodiesel
Green Diesel
Ethanol
Wood Pellets
Aviation Biofuel (Bio-jet Fuel)
Biomethane
Syngas
Green Hydrogen
Others (Biogasoline, Biomethanol, Biobutanol, Bioethers)

By Application

Transportation
Aviation
Energy Generation
Heating
Others

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Biofuel market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Biofuel market include Archer Daniels Midland Company, Green Plains Inc., Petrobras, Valero Energy Corp., Alto Ingredients Inc., Gevo, Butamax Advanced Biofuels LLC, Wilmar International Ltd., Renewable Energy Group Inc., Bunge North America Inc., Royal Dutch Shell Plc, CropEnergies AG, Air Liquide, Scandinavian Biogas Fuels International AB, Abengoa. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.

Product Code: VMR11211853

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. BIOFUEL - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Feedstock
- 3.7.2 Market Attractiveness Analysis By Form
- 3.7.3 Market Attractiveness Analysis By Generation
- 3.7.4 Market Attractiveness Analysis By Product
- 3.7.5 Market Attractiveness Analysis By Application
- 3.7.6 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL BIOFUEL MARKET ANALYSIS BY FEEDSTOCK

5.1. Overview By Feedstock
5.2. Historical and Forecast Data
5.3. Analysis By Feedstock
5.4. Corn Historic and Forecast Sales By Regions
5.5. Sugarcane Historic and Forecast Sales By Regions
5.6. Vegetables Oils Historic and Forecast Sales By Regions
5.7. Others Historic and Forecast Sales By Regions

6. GLOBAL BIOFUEL MARKET ANALYSIS BY FORM

6.1. Overview By Form
6.2. Historical and Forecast Data
6.3. Analysis By Form
6.4. Solid Biofuels Historic and Forecast Sales By Regions
6.5. Liquid Biofuels Historic and Forecast Sales By Regions
6.6. Gaseous Biofuels Historic and Forecast Sales By Regions

7. GLOBAL BIOFUEL MARKET ANALYSIS BY GENERATION

7.1. Overview By Generation
7.2. Historical and Forecast Data
7.3. Analysis By Generation
7.4. First Generation Biofuels (Conventional Biofuels) Historic and Forecast Sales By Regions
7.5. Second Generation Biofuels (Advanced Biofuels) Historic and Forecast Sales By Regions
7.6. Third Generation Biofuels (Algae Fuels) Historic and Forecast Sales By Regions

8. GLOBAL BIOFUEL MARKET ANALYSIS BY PRODUCT

8.1. Overview By Product
8.2. Historical and Forecast Data
8.3. Analysis By Product
8.4. Biodiesel Historic and Forecast Sales By Regions
8.5. Green Diesel Historic and Forecast Sales By Regions
8.6. Ethanol Historic and Forecast Sales By Regions
8.7. Wood Pellets Historic and Forecast Sales By Regions
8.8. Aviation Biofuel (Bio-jet Fuel) Historic and Forecast Sales By Regions
8.9. Biomethane Historic and Forecast Sales By Regions
8.10. Syngas Historic and Forecast Sales By Regions
8.11. Green Hydrogen Historic and Forecast Sales By Regions
8.12. Others (Biogasoline, Biomethanol, Biobutanol, Bioethers) Historic and Forecast Sales By Regions

9. GLOBAL BIOFUEL MARKET ANALYSIS BY APPLICATION

9.1. Overview By Application
9.2. Historical and Forecast Data
9.3. Analysis By Application
9.4. Transportation Historic and Forecast Sales By Regions
9.5. Aviation Historic and Forecast Sales By Regions
9.6. Energy Generation Historic and Forecast Sales By Regions
9.7. Heating Historic and Forecast Sales By Regions
9.8. Others Historic and Forecast Sales By Regions

10. GLOBAL BIOFUEL MARKET ANALYSIS BY GEOGRAPHY

10.1. Regional Outlook
10.2. Introduction
10.3. North America Sales Analysis
- 10.3.1 Overview, Historic and Forecast Data Sales Analysis
- 10.3.2 North America By Segment Sales Analysis
- 10.3.3 North America By Country Sales Analysis
- 10.3.4 United States Sales Analysis
- 10.3.5 Canada Sales Analysis
- 10.3.6 Mexico Sales Analysis
10.4. Europe Sales Analysis
- 10.4.1 Overview, Historic and Forecast Data Sales Analysis
- 10.4.2 Europe By Segment Sales Analysis
- 10.4.3 Europe By Country Sales Analysis
- 10.4.4 United Kingdom Sales Analysis
- 10.4.5 France Sales Analysis
- 10.4.6 Germany Sales Analysis
- 10.4.7 Italy Sales Analysis
- 10.4.8 Russia Sales Analysis
- 10.4.9 Rest Of Europe Sales Analysis
10.5. Asia Pacific Sales Analysis
- 10.5.1 Overview, Historic and Forecast Data Sales Analysis
- 10.5.2 Asia Pacific By Segment Sales Analysis
- 10.5.3 Asia Pacific By Country Sales Analysis
- 10.5.4 China Sales Analysis
- 10.5.5 India Sales Analysis
- 10.5.6 Japan Sales Analysis
- 10.5.7 South Korea Sales Analysis
- 10.5.8 Australia Sales Analysis
- 10.5.9 South East Asia Sales Analysis
- 10.5.10 Rest Of Asia Pacific Sales Analysis
10.6. Latin America Sales Analysis
- 10.6.1 Overview, Historic and Forecast Data Sales Analysis
- 10.6.2 Latin America By Segment Sales Analysis
- 10.6.3 Latin America By Country Sales Analysis
- 10.6.4 Brazil Sales Analysis
- 10.6.5 Argentina Sales Analysis
- 10.6.6 Peru Sales Analysis
- 10.6.7 Chile Sales Analysis
- 10.6.8 Rest of Latin America Sales Analysis
10.7. Middle East & Africa Sales Analysis
- 10.7.1 Overview, Historic and Forecast Data Sales Analysis
- 10.7.2 Middle East & Africa By Segment Sales Analysis
- 10.7.3 Middle East & Africa By Country Sales Analysis
- 10.7.4 Saudi Arabia Sales Analysis
- 10.7.5 UAE Sales Analysis
- 10.7.6 Israel Sales Analysis
- 10.7.7 South Africa Sales Analysis
- 10.7.8 Rest Of Middle East And Africa Sales Analysis

11. COMPETITIVE LANDSCAPE OF THE BIOFUEL COMPANIES

11.1. Biofuel Market Competition
11.2. Partnership/Collaboration/Agreement
11.3. Merger And Acquisitions
11.4. New Product Launch
11.5. Other Developments

12. COMPANY PROFILES OF BIOFUEL INDUSTRY

12.1. Top Companies Market Share Analysis
12.2. Market Concentration Rate
12.3. Archer Daniels Midland Company
- 12.3.1 Company Overview
- 12.3.2 Company Revenue
- 12.3.3 Products
- 12.3.4 Recent Developments
12.4. Green Plains Inc.
- 12.4.1 Company Overview
- 12.4.2 Company Revenue
- 12.4.3 Products
- 12.4.4 Recent Developments
12.5. Petrobras
- 12.5.1 Company Overview
- 12.5.2 Company Revenue
- 12.5.3 Products
- 12.5.4 Recent Developments
12.6. Valero Energy Corp.
- 12.6.1 Company Overview
- 12.6.2 Company Revenue
- 12.6.3 Products
- 12.6.4 Recent Developments
12.7. Alto Ingredients Inc.
- 12.7.1 Company Overview
- 12.7.2 Company Revenue
- 12.7.3 Products
- 12.7.4 Recent Developments
12.8. Gevo
- 12.8.1 Company Overview
- 12.8.2 Company Revenue
- 12.8.3 Products
- 12.8.4 Recent Developments
12.9. Butamax Advanced Biofuels LLC
- 12.9.1 Company Overview
- 12.9.2 Company Revenue
- 12.9.3 Products
- 12.9.4 Recent Developments
12.10. Wilmar International Ltd.
- 12.10.1 Company Overview
- 12.10.2 Company Revenue
- 12.10.3 Products
- 12.10.4 Recent Developments
12.11. Renewable Energy Group Inc.
- 12.11.1 Company Overview
- 12.11.2 Company Revenue
- 12.11.3 Products
- 12.11.4 Recent Developments
12.12. Bunge North America Inc.
- 12.12.1 Company Overview
- 12.12.2 Company Revenue
- 12.12.3 Products
- 12.12.4 Recent Developments
12.13. Royal Dutch Shell Plc
- 12.13.1 Company Overview
- 12.13.2 Company Revenue
- 12.13.3 Products
- 12.13.4 Recent Developments
12.14. CropEnergies AG
- 12.14.1 Company Overview
- 12.14.2 Company Revenue
- 12.14.3 Products
- 12.14.4 Recent Developments
12.15. Air Liquide
- 12.15.1 Company Overview
- 12.15.2 Company Revenue
- 12.15.3 Products
- 12.15.4 Recent Developments
12.16. Scandinavian Biogas Fuels International AB
- 12.16.1 Company Overview
- 12.16.2 Company Revenue
- 12.16.3 Products
- 12.16.4 Recent Developments
12.17. Abengoa
- 12.17.1 Company Overview
- 12.17.2 Company Revenue
- 12.17.3 Products
- 12.17.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies