Advanced Biofuel Market Analysis By Industry Size, And Share, Manufacturers, Demand, Forecast 2025
Global advanced biofuel market is expected to grow at an impressive CAGR of close to 49% during the forecast period. The global advanced biofuel market is driven by favourable environmental regulations & policies. Furthermore, increasing requirement for cleaner burning fuels and easy availability of raw materials in the market is expected to bolster the growth of market over the next few years.
The global advanced biofuel market is segmented based on fuel type, feedstock type, processing technology, company, and region. Based on fuel type, the market can be categorized into biodiesel, biobutanol, BioDME and cellulosic ethanol. Out of which, the cellulosic ethanol segment dominated the market in 2019 and is expected to maintain its dominance during the forecast period as well, which can be attributed to growing adoption of ethanol as an alternative motor fuel.
In terms of feedstock type, the market is fragmented into simple lignocellulose, algae, complex lignocellulose. Among them, the algae segment is projected to lead during the forecast period as these plants can be grown in wastewater and require minimal caring.
The major players operating in the advanced biofuel market are Algenol Biofuels, Abengoa bioenergy, POET-DSM, GranBio, INEOS Bio, Inbicon, Clariant, ZeaChem, DuPont Industrial Biosciences, Fiberight LLC. The key market players are adopting some competitive strategies such as mergers & acquisitions, partnership, agreements in order to expand their geographic reach and to increase their customer basis.
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Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Objective of the Study:
- To analyze and estimate the market size of global advanced biofuel market from 2015 to 2018.
- To estimate and forecast the market size of global advanced biofuel market from 2019 to 2025 and growth rate until 2025.
- To classify and forecast global advanced biofuel market based on fuel type, feedstock type, processing technology, company and regional distribution.
- To identify dominant region or segment in the global advanced biofuel market.
- To identify drivers and challenges for global advanced biofuel market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global advanced biofuel market.
- To conduct pricing analysis for global advanced biofuel market.
- To identify and analyze the profile of leading players operating in global advanced biofuel market.
- To identify key sustainable strategies adopted by market players in global advanced biofuel market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the hospitals/clinics which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers and presence of all major players across the globe.
TechSci Research calculated the market size of global advanced biofuel market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Advanced Biofuel manufacturers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to advanced biofuel
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global advanced biofuel market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Advanced Biofuel Market, By Fuel Type:
- Biodiesel
- Biobutanol
- BioDME
- Cellulosic Ethanol
- Global Advanced Biofuel Market, By Feedstock Type:
- Simple lignocellulose
- Algae
- Complex lignocellulose
- Global Advanced Biofuel Market, By Processing Technology:
- Thermochemical
- Biochemical
- Global Advanced Biofuel Market, By Region:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global advanced biofuel market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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