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...