The global Biofuels Market is expected to reach USD 247.38 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed to the growing environmental awareness among consumers and increasing government supportive policies and initiatives regarding the adoption of biofuels to reduce the emission levels of carbon dioxide in the environment. Advancing research and development for the production of cost-effective biofuels is augmenting the demand for the industry.
The Global Biofuels Market Research Report published by Emergen Research is furnished with the latest information about product specifications and portfolio, technological advancement, product type, and manufacturing. Major factors such as revenue, costs, and gross margin are taken into consideration while formulating this report. The report provides extensive data concerning the key market players along with their SWOT analysis, financial standing, technological and product development, and recent strategic business expansion plans.
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Global Biofuels Market – Overview:
The latest market intelligence report, titled ‘Global Biofuels Market’, is intended to provide the target audience with the necessary information about the global Biofuels industry. The report comprises a detailed analysis of the vital elements of the Biofuels market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects.
Key Highlights From The Report
- Ethanol dominated the market with a share of 61.5% in 2019 due to its higher efficiencies and lower emission levels of carbon dioxide.
- The huge demand for corn for the production of biofuels is mainly due to its larger availability and lower price. Excessive usage of corn all across the world is leading to the scarcity of the food products made from corn.
- The increasing demand for liquid biofuel is mainly due to its growing usage in the transportation sector, mostly the aviation segment.
- North America dominated the market with a share of 48.6% in 2019, owing to the presence of a substantial amount of feedstock. Besides, the U.S. is one of the leading producers of biofuels and is also utilizing it in the transportation sector.
The key players in the market are adopting various strategies such as mergers and acquisitions, product launches, partnerships, collaborations and brand promotions to retain their market position and enhance their product base. The report also sheds light on the market players in the global Biofuels Market with important details about each market player such as its global position, financial standing, production and manufacturing capacity, license agreement, and business expansion plans.
Key Companies in the market include: Archer Daniels Midland Company, Abengoa Bioenergy, Petrobras, Green Plains, Valero Energy Corporation, Bajaj Hindusthan Ltd, Renewable Energy Group, Inc., Royal Dutch Shell, POET, LLC, and Pacific Ethanol, Inc., among others.
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The primary aim of the report is to offer precise information to the readers and investor and help them invest after understanding the market dynamics at glance. The report offers in depth information about the competitive landscape of the global Biofuels Market with extensive profiling of each market player with its global position, financial standing, business expansion plans, and license agreement.
The report sheds light on the region expected to dominate the Biofuels market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Biofuels market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
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Emergen Research has segmented the global Biofuels Market on the basis of Product type, feedstock, form, and region:
- Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Feedstock Outlook (Revenue, USD Billion; 2017-2027)
- Vegetable Oils
- Form Outlook (Revenue, USD Billion; 2017-2027)
- Liquid Biofuel
- Solid Biofuel
- Gaseous Biofuel
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Table of Content
Chapter 1. Methodology & Sources
1.1. Biofuels Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Biofuels Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Biofuels Market Segmentation & Impact Analysis
4.1. Biofuels Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Biofuels Market indicators analysis
4.2.2. Biofuels Market drivers analysis
Key Questions Answered in the Report:
- What is the growth rate of the Biofuels market? What is the anticipated market valuation of Biofuels industry by 2028?
- What are the key growth driving and restraining factors of the Biofuels market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Biofuels industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
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