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Biofuel Market by Fuel Type (Ethanol, Biodiesel, Renewable Diesel, and Biojets), Generation (First Generation, Second Generation, Third Generation), End-use, Application (Transportation, Aviation) and Region - Global Forecast to 2028

September 2023 | 219 pages | ID: TA123BCBE2CEN
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The global biofuel market is estimated to grow from USD 167.4 Billion in 2023 to USD 225.9 Billion by 2028; it is expected to record a CAGR of 6.2% during the forecast period. The growth is attributed to the rising demand for cleaner fuels worldwide. This demand is expected to continue to grow in the coming years as the world seeks to transition to a cleaner and more sustainable energy future. In addition, supportive government policies such as tax credits and bending mandates are another key reason driving the growth of the biofuel market.

“Biodiesel: The second-largest segment of the biofuel market, by fuel type. “

Based on fuel type, the biofuel market has been split into four types: ethanol, biodiesel, renewable diesel, and biojets. The biodiesel segment is expected to hold the second largest market share during the forecast period. Biodiesel is generally produced from feedstocks, such as vegetable oils and animal fats. The utilization of renewable feedstocks decreases reliance on finite fossil fuel resources while also enhancing energy security. The growing initiatives to reduce carbon emissions from the transport sector is one of the important factor driving the growth of the biodiesel segment in the biofuel market.

“First Generation segment is expected to be the largest segment during the forecast period based on generation.”

By generation, the biofuel market has been segmented into the first-generation, second generation and third generation. The first generation segment is expected to hold the largest market share during the forecast period. First generation biofuels are produced from food crops, such as corn, sugarcane, and soybeans. These crops are high in starch, sugar, or oil, which can be converted into biofuels through fermentation or other chemical processes. Easily accessible raw materials and the extensive use of biofuel in many countries will boost the biofuel market in the first generation segment.

“By end use, the transportation segment is expected to be the largest segment during the forecast period.”

Based on the end use, the biofuel market is segmented into transportation, aviation, and others. The transportation segment is expected to be the largest segment of the biofuel market during the forecast period. Biofuels can be used in transportation applications in a variety of ways. For example, biodiesel can be used in pure form or blended with diesel fuel. Ethanol can be used in pure form or blended with gasoline. Biofuels can also be used to produce other types of transportation fuels, such as renewable diesel. The mitigation of carbon emissions from the transport sector globally is one of the key factors accelerating the usage of biofuels in the transport sector.

“North America is expected to be the largest region in the biofuel market.”

North America is expected to be the largest region in the biofuel market during the forecast period. Growth is attributed to the rising investments in deploying biorefineries and a highly optimistic outlook for the renewable energy industry in the region. Further, according to the BP Statistical Review of World Energy 2022, 38.5% of the total renewable biofuel produced in North America is consumed in the region. The majority of biofuel usage is in the form of a blend with refined petroleum products including gasoline, diesel fuel, heating oil and jet fuel. This shift from predominantly conventional fuels to biofuels is expected to drive the biofuel market in the region. Moreover, the favorable government policies and programs intended to promote the usage of biofuels are also expected to drive the biofuel market in North America.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%

By Designation: C-Level- 30%, Director Level- 25%, and Others- 45%

By Region: North America- 40%, Europe- 25%, Asia Pacific-25%, Rest of the World - 10%,

Note: Others include sales managers, engineers, and regional managers.

Note: The tiers of the companies are defined on the basis of their total revenues as of 2022. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The biofuel market is dominated by a few major players that have a wide regional presence. The leading players in the biofuel market are ADM (US), Chevron (US), Valero (US), Neste (Finland), and Cargill, Incorporated (US). The major strategy adopted by the players includes new product launches, contracts & agreements, partnerships, collaborations, joint ventures, mergers and acquisitions, and investments & expansions.

Research Coverage:

The report defines, describes, and forecasts the global biofuel market by fuel type, generation, end use, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the biofuel market.

Key Benefits of Buying the Report
  • A transition toward the adoption of renewable energy sources and rising demand for cleaner fuels are a few of the key factors driving the biofuel market. Factors such as a high initial investment for setting up the biorefineries restrain the growth of the market. High rate depletion of fossil fuels and supportive government policies and programs to promote biofuels are expected to present lucrative opportunities for the players operating in the biofuel market. The variability and high cost of feedstocks pose a major challenge for the players, especially for emerging players operating in the biofuel market.
  • Product Development/ Innovation: The biofuel market is witnessing significant product development and innovation, driven by the growing demand for biofuels in the transportation and aviation sectors. Companies are investing in developing advanced biofuel types using second-generation feedstocks such as used cooking oil, animal fats, and other agricultural residues.
  • Market Development: Neste acquired Crimson Renewable Energy Holdings, LLC's used cooking oil (UCO) collecting and aggregation business and related assets. This acquisition strengthens Neste’s global raw materials sourcing platform.
  • Market Diversification: Chevron Renewable Energy Group launched its line of branded fuel solutions, EnDura Fuels, a line which produces many types of renewable fuel including InfinD, PuriD which is next-generation biodiesel, UltraClean, VelociD, and BeyonD. These products help aviation, marine, trucking, rail, and other industries reach sustainability targets by using cleaner-burning and lower-emission fuels.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, like include ADM (US), Chevron (US), Valero (US), Neste (Finland), and Cargill, Incorporated (US), among others in the biofuel market.
1 INTRODUCTION

1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
  1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
  1.3.1 MARKETS COVERED
FIGURE 1 BIOFUEL MARKET: SEGMENTATION
  1.3.2 REGIONAL SCOPE
  1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 VOLUME UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 IMPACT OF RECESSION

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
FIGURE 2 BIOFUEL MARKET: RESEARCH DESIGN
  2.1.1 SECONDARY DATA
    2.1.1.1 Key data from secondary sources
  2.1.2 PRIMARY DATA
FIGURE 3 KEY DATA FROM PRIMARY SOURCES
    2.1.2.1 Breakdown of primaries
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 5 DATA TRIANGULATION METHODOLOGY
2.3 MARKET SIZE ESTIMATION
  2.3.1 BOTTOM-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  2.3.2 TOP-DOWN APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  2.3.3 DEMAND-SIDE ANALYSIS
FIGURE 8 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR BIOFUELS
    2.3.3.1 Demand-side calculations
    2.3.3.2 Demand-side assumptions
  2.3.4 SUPPLY-SIDE ANALYSIS
FIGURE 9 BIOFUEL MARKET: SUPPLY-SIDE ANALYSIS
    2.3.4.1 Supply-side calculations
    2.3.4.2 Supply-side assumptions
  2.3.5 GROWTH FORECAST
  2.3.6 RECESSION IMPACT

3 EXECUTIVE SUMMARY

TABLE 1 BIOFUEL MARKET SNAPSHOT
FIGURE 10 ETHANOL SEGMENT TO HOLD LARGEST SHARE OF BIOFUEL MARKET,
BY FUEL TYPE, IN 2028
FIGURE 11 TRANSPORTATION SEGMENT TO LEAD BIOFUEL MARKET, BY END USE, IN 2028
FIGURE 12 FIRST-GENERATION BIOFUELS TO HOLD LARGEST SHARE OF BIOFUEL MARKET, BY GENERATION, IN 2028
FIGURE 13 NORTH AMERICA DOMINATED BIOFUEL MARKET, BY REGION, IN 2022

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BIOFUEL MARKET
FIGURE 14 INCREASING GLOBAL FOCUS ON GHG EMISSION REDUCTION AND ENERGY SUFFICIENCY TO DRIVE BIOFUEL MARKET
4.2 BIOFUEL MARKET IN NORTH AMERICA, BY FUEL TYPE AND COUNTRY
FIGURE 15 ETHANOL AND US HELD LARGEST MARKET SHARES IN NORTH AMERICA IN 2022
4.3 BIOFUEL MARKET, BY REGION
FIGURE 16 BIOFUEL MARKET IN EUROPE TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
4.4 BIOFUEL MARKET, BY GENERATION
FIGURE 17 FIRST-GENERATION BIOFUELS HELD LARGEST MARKET SHARE IN 2022
4.5 BIOFUEL MARKET, BY FUEL TYPE
FIGURE 18 ETHANOL SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
4.6 BIOFUEL MARKET, BY END USE
FIGURE 19 TRANSPORTATION CAPTURED MAJOR MARKET SHARE IN 2022

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 BIOFUEL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  5.2.1 DRIVERS
    5.2.1.1 Favorable government policies promoting use of biofuels
    5.2.1.2 Rising demand for cleaner fuels worldwide
    5.2.1.3 Growing awareness of utilizing renewable sources to reduce greenhouse gas emissions
  5.2.2 RESTRAINTS
    5.2.2.1 Requirement for high initial capital investment
    5.2.2.2 Uncertain economic conditions globally
  5.2.3 OPPORTUNITIES
    5.2.3.1 High depletion rate of fossil fuels
  5.2.4 CHALLENGES
    5.2.4.1 High variable costs of feedstock
    5.2.4.2 High cost of setting up biofuel plants
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 21 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR BIOFUEL PROVIDERS
5.4 SUPPLY CHAIN ANALYSIS
FIGURE 22 BIOFUEL MARKET: SUPPLY CHAIN ANALYSIS
TABLE 2 BIOFUEL MARKET: SUPPLY CHAIN ANALYSIS
  5.4.1 FEEDSTOCK PROVIDERS/TECHNOLOGY AND EPC PROVIDERS
  5.4.2 BIOFUEL PRODUCERS/SUPPLIERS
  5.4.3 END USERS
5.5 ECOSYSTEM/MARKET MAP
FIGURE 23 ECOSYSTEM ANALYSIS
5.6 TECHNOLOGY ANALYSIS
  5.6.1 TECHNOLOGY TRENDS IN BIOFUEL MARKET
  5.6.2 IMPLEMENTATION OF MACHINE LEARNING IN BIOFUEL MANUFACTURING PROCESS
  5.6.3 IOT-CONNECTED BIOFUEL PLANTS
5.7 PATENT ANALYSIS
FIGURE 24 BIOFUEL MARKET: PATENT REGISTRATIONS, 2012–2022
  5.7.1 LIST OF MAJOR PATENTS
TABLE 3 BIOFUEL MARKET: INNOVATIONS AND PATENT REGISTRATIONS, MARCH 2019–SEPTEMBER 2023
5.8 TRADE ANALYSIS
  5.8.1 IMPORT SCENARIO
TABLE 4 IMPORT DATA FOR HS CODE 3826, BY COUNTRY, 2020–2022 (USD THOUSAND)
FIGURE 25 IMPORT DATA, BY TOP FIVE COUNTRIES, 2020–2022 (USD THOUSAND)
  5.8.2 EXPORT SCENARIO
TABLE 5 EXPORT SCENARIO FOR HS CODE 3826, BY COUNTRY, 2020–2022 (USD THOUSAND)
FIGURE 26 EXPORT DATA, BY TOP FIVE COUNTRIES, 2020–2022 (USD THOUSAND)
5.9 PRICING ANALYSIS
  5.9.1 INDICATIVE PRICING ANALYSIS OF BIOFUELS, BY FUEL TYPE
TABLE 6 INDICATIVE PRICING ANALYSIS OF BIOFUELS, BY FUEL TYPE, 2022
  5.9.2 AVERAGE SELLING PRICE TREND, BY REGION
TABLE 7 AVERAGE SELLING PRICE TREND, BY REGION, 2022
  5.9.3 INDICATIVE PRICING ANALYSIS OF BIOFUELS, BY END USE
TABLE 8 INDICATIVE PRICING ANALYSIS OF BIOFUELS, BY END USE, 2022
5.10 TARIFFS, CODES, AND REGULATORY BODIES
  5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.11 PORTER'S FIVE FORCES ANALYSIS
FIGURE 27 BIOFUEL MARKET: PORTER'S FIVE FORCES ANALYSIS
TABLE 9 BIOFUEL MARKET: PORTER'S FIVE FORCES ANALYSIS
  5.11.1 THREAT OF SUBSTITUTES
  5.11.2 BARGAINING POWER OF SUPPLIERS
  5.11.3 BARGAINING POWER OF BUYERS
  5.11.4 THREAT OF NEW ENTRANTS
  5.11.5 INTENSITY OF COMPETITIVE RIVALRY
5.12 CASE STUDY ANALYSIS
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
  5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 28 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY END USE
TABLE 10 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY END USE
  5.13.2 BUYING CRITERIA
FIGURE 29 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP TWO PRODUCTS
TABLE 11 KEY BUYING CRITERIA FOR TOP TWO PRODUCTS
5.14 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 12 BIOFUEL MARKET: LIST OF CONFERENCES AND EVENTS

6 DIFFERENT FORMS OF BIOFUEL

6.1 INTRODUCTION
6.2 LIQUID
  6.2.1 ETHANOL
  6.2.2 BIODIESEL
  6.2.3 RENEWABLE DIESEL
  6.2.4 BIOJET
6.3 GASEOUS
  6.3.1 BIOGAS
  6.3.2 BIOMETHANE
  6.3.3 BIOHYDROGEN
6.4 SOLID

7 BIOFUEL MARKET, BY FUEL TYPE

7.1 INTRODUCTION
FIGURE 30 BIOFUEL MARKET, BY FUEL TYPE, 2022
TABLE 13 BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD BILLION)
TABLE 14 BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD BILLION)
TABLE 15 BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (BILLION LITERS)
TABLE 16 BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (BILLION LITERS)
7.2 ETHANOL
  7.2.1 INCREASING CONCERNS OVER FOOD SECURITY TO ACCELERATE USE OF ETHANOL BLENDS
TABLE 17 ETHANOL: BIOFUEL MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 18 ETHANOL: BIOFUEL MARKET, BY REGION, 2023–2028 (USD MILLION)
7.3 BIODIESEL
  7.3.1 RISING USE OF BIODIESEL AS TRANSPORTATION FUEL TO DRIVE DEMAND
TABLE 19 BIODIESEL: BIOFUEL MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 20 BIODIESEL: BIOFUEL MARKET, BY REGION, 2023–2028 (USD MILLION)
7.4 RENEWABLE DIESEL
  7.4.1 GROWING FOCUS ON REDUCING CARBON EMISSIONS TO BOOST MARKET
TABLE 21 RENEWABLE DIESEL: BIOFUEL MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 22 RENEWABLE DIESEL: BIOFUEL MARKET, BY REGION, 2023–2028 (USD MILLION)
7.5 BIOJET
  7.5.1 SURGING REQUIREMENT TO REDUCE CO2 AND GHG EMISSIONS IN AVIATION SECTOR TO PROPEL SEGMENTAL GROWTH
TABLE 23 BIOJET: BIOFUEL MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 24 BIOJET: BIOFUEL MARKET, BY REGION, 2023–2028 (USD MILLION)

8 BIOFUEL MARKET, BY END USE

8.1 INTRODUCTION
FIGURE 31 TRANSPORTATION SEGMENT TO DOMINATE BIOFUEL MARKET IN 2028
TABLE 25 BIOFUEL MARKET, BY END USE, 2019–2022 (USD BILLION)
TABLE 26 BIOFUEL MARKET, BY END USE, 2023–2028 (USD BILLION)
8.2 TRANSPORTATION
  8.2.1 BIOFUEL BLENDING MANDATES AND SUBSIDIES TO BOOST DEMAND FOR BIOFUELS
TABLE 27 TRANSPORTATION: BIOFUEL MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 28 TRANSPORTATION: BIOFUEL MARKET, BY REGION, 2023–2028 (USD MILLION)
8.3 AVIATION
  8.3.1 DROP-IN CAPABILITY OF BIOFUELS WITHOUT NEEDING TO REWORK AIRCRAFT INFRASTRUCTURE TO PROPEL MARKET
TABLE 29 AVIATION: BIOFUEL MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 30 AVIATION: BIOFUEL MARKET, BY REGION, 2023–2028 (USD MILLION)
8.4 OTHER END USES
TABLE 31 OTHER END USES: BIOFUEL MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 32 OTHER END USES: BIOFUEL MARKET, BY REGION, 2023–2028 (USD MILLION)

9 BIOFUEL MARKET, BY GENERATION

9.1 INTRODUCTION
FIGURE 32 BIOFUEL MARKET, BY GENERATION, 2022
TABLE 33 BIOFUEL MARKET, BY GENERATION, 2019–2022 (USD BILLION)
TABLE 34 BIOFUEL MARKET, BY GENERATION, 2023–2028 (USD BILLION)
9.2 FIRST GENERATION
  9.2.1 EASY AVAILABILITY OF FEEDSTOCK TO BOOST DEMAND
TABLE 35 FIRST GENERATION: BIOFUEL MARKET, BY FEEDSTOCK, 2019–2022 (USD BILLION)
TABLE 36 FIRST GENERATION: BIOFUEL MARKET, BY FEEDSTOCK, 2023–2028 (USD BILLION)
TABLE 37 FIRST GENERATION: BIOFUEL MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 38 FIRST GENERATION: BIOFUEL MARKET, BY REGION, 2023–2028 (USD MILLION)
9.3 SECOND GENERATION
  9.3.1 TRANSITION TOWARD CLEAN ENERGY ECONOMY TO SUPPORT MARKET GROWTH
TABLE 39 SECOND GENERATION: BIOFUEL MARKET, BY FEEDSTOCK, 2019–2022 (USD BILLION)
TABLE 40 SECOND GENERATION: BIOFUEL MARKET, BY FEEDSTOCK, 2023–2028 (USD BILLION)
TABLE 41 SECOND GENERATION: BIOFUEL MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 42 SECOND GENERATION: BIOFUEL MARKET, BY REGION, 2023–2028 (USD MILLION)
9.4 THIRD GENERATION
  9.4.1 RISE IN DEMAND FOR ALGAE-BASED BIOFUELS TO DRIVE MARKET
TABLE 43 THIRD GENERATION: BIOFUEL MARKET, BY FEEDSTOCK, 2019–2022 (USD BILLION)
TABLE 44 THIRD GENERATION: BIOFUEL MARKET, BY FEEDSTOCK, 2023–2028 (USD BILLION)
TABLE 45 THIRD GENERATION: BIOFUEL MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 46 THIRD GENERATION: BIOFUEL MARKET, BY REGION, 2023–2028 (USD MILLION)

10 BIOFUEL MARKET, BY REGION

10.1 INTRODUCTION
FIGURE 33 EUROPE TO EXHIBIT FASTEST CAGR DURING FORECAST PERIOD
FIGURE 34 NORTH AMERICA DOMINATED BIOFUEL MARKET IN 2022
TABLE 47 BIOFUEL MARKET, BY REGION, 2019–2022 (USD BILLION)
TABLE 48 BIOFUEL MARKET, BY REGION, 2023–2028 (USD BILLION)
10.2 NORTH AMERICA
  10.2.1 IMPACT OF RECESSION ON BIOFUEL MARKET IN NORTH AMERICA
FIGURE 35 NORTH AMERICA: BIOFUEL MARKET SNAPSHOT
TABLE 49 NORTH AMERICA: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 50 NORTH AMERICA: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
TABLE 51 NORTH AMERICA: BIOFUEL MARKET, BY GENERATION, 2019–2022 (USD MILLION)
TABLE 52 NORTH AMERICA: BIOFUEL MARKET, BY GENERATION, 2023–2028 (USD MILLION)
TABLE 53 NORTH AMERICA: BIOFUEL MARKET, BY END USE, 2019–2022 (USD MILLION)
TABLE 54 NORTH AMERICA: BIOFUEL MARKET, BY END USE, 2023–2028 (USD MILLION)
TABLE 55 NORTH AMERICA: BIOFUEL MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 56 NORTH AMERICA: BIOFUEL MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  10.2.2 US
    10.2.2.1 Government support, environmental concerns, and energy security to drive market
TABLE 57 US: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 58 US: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
  10.2.3 CANADA
    10.2.3.1 Clean fuel regulations and stringent carbon reduction goals to boost demand for biofuels
TABLE 59 CANADA: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 60 CANADA: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
  10.2.4 MEXICO
    10.2.4.1 Enforcement of policies liberalizing trade of biofuel products to drive market
TABLE 61 MEXICO: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 62 MEXICO: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
10.3 EUROPE
  10.3.1 IMPACT OF RECESSION ON BIOFUEL MARKET IN EUROPE
FIGURE 36 EUROPE: BIOFUEL MARKET SNAPSHOT
TABLE 63 EUROPE: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 64 EUROPE: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
TABLE 65 EUROPE: BIOFUEL MARKET, BY GENERATION, 2019–2022 (USD MILLION)
TABLE 66 EUROPE: BIOFUEL MARKET, BY GENERATION, 2023–2028 (USD MILLION)
TABLE 67 EUROPE: BIOFUEL MARKET, BY END USE, 2019–2022 (USD MILLION)
TABLE 68 EUROPE: BIOFUEL MARKET, BY END USE, 2023–2028 (USD MILLION)
TABLE 69 EUROPE: BIOFUEL MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 70 EUROPE: BIOFUEL MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  10.3.2 FRANCE
    10.3.2.1 Development of sustainable biofuels from non-food feedstocks to foster market growth
TABLE 71 FRANCE: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 72 FRANCE: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
  10.3.3 UK
    10.3.3.1 Rising fossil fuel prices and environmental concerns to accelerate demand for biofuels
TABLE 73 UK: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 74 UK: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
  10.3.4 GERMANY
    10.3.4.1 Biofuel blending mandates to support market growth
TABLE 75 GERMANY: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 76 GERMANY: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
  10.3.5 POLAND
    10.3.5.1 Favorable policies to support development and use of biofuels to fuel market growth
TABLE 77 POLAND: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 78 POLAND: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
  10.3.6 REST OF EUROPE
TABLE 79 REST OF EUROPE: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 80 REST OF EUROPE: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
10.4 ASIA PACIFIC
  10.4.1 IMPACT OF RECESSION ON BIOFUEL MARKET IN ASIA PACIFIC
TABLE 81 ASIA PACIFIC: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 82 ASIA PACIFIC: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
TABLE 83 ASIA PACIFIC: BIOFUEL MARKET, BY GENERATION, 2019–2022 (USD MILLION)
TABLE 84 ASIA PACIFIC: BIOFUEL MARKET, BY GENERATION, 2023–2028 (USD MILLION)
TABLE 85 ASIA PACIFIC: BIOFUEL MARKET, BY END USE, 2019–2022 (USD MILLION)
TABLE 86 ASIA PACIFIC: BIOFUEL MARKET, BY END USE, 2023–2028 (USD MILLION)
TABLE 87 ASIA PACIFIC: BIOFUEL MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 88 ASIA PACIFIC: BIOFUEL MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  10.4.2 CHINA
    10.4.2.1 Growing export of biodiesel to drive market
TABLE 89 CHINA: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 90 CHINA: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
  10.4.3 INDIA
    10.4.3.1 Significant investments in ethanol production and R&D to contribute to market growth
TABLE 91 INDIA: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 92 INDIA: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
  10.4.4 INDONESIA
    10.4.4.1 Rising adoption of biodiesel to accelerate market growth
TABLE 93 INDONESIA: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 94 INDONESIA: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
  10.4.5 THAILAND
    10.4.5.1 Positive initiatives undertaken by government to support market growth
TABLE 95 THAILAND: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 96 THAILAND: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
  10.4.6 REST OF ASIA PACIFIC
TABLE 97 REST OF ASIA PACIFIC: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 98 REST OF ASIA PACIFIC: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
10.5 ROW
  10.5.1 IMPACT OF RECESSION ON BIOFUEL MARKET IN ROW
TABLE 99 ROW: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 100 ROW: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
TABLE 101 ROW: BIOFUEL MARKET, BY GENERATION, 2019–2022 (USD MILLION)
TABLE 102 ROW: BIOFUEL MARKET, BY GENERATION, 2023–2028 (USD MILLION)
TABLE 103 ROW: BIOFUEL MARKET, BY END USE, 2019–2022 (USD MILLION)
TABLE 104 ROW: BIOFUEL MARKET, BY END USE, 2023–2028 (USD MILLION)
TABLE 105 ROW: BIOFUEL MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 106 ROW: BIOFUEL MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  10.5.2 BRAZIL
    10.5.2.1 Significant investments in new biorefinery projects to drive market
TABLE 107 BRAZIL: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 108 BRAZIL: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
  10.5.3 ARGENTINA
    10.5.3.1 Rising use of bioethanol in fuel blends to boost demand
TABLE 109 ARGENTINA: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 110 ARGENTINA: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
  10.5.4 COLOMBIA
    10.5.4.1 High domestic production of ethanol to boost market
TABLE 111 COLOMBIA: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 112 COLOMBIA: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)
  10.5.5 OTHER COUNTRIES
TABLE 113 OTHER COUNTRIES: BIOFUEL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION)
TABLE 114 OTHER COUNTRIES: BIOFUEL MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)

11 COMPETITIVE LANDSCAPE

11.1 OVERVIEW
  11.1.1 KEY PLAYER STRATEGIES
TABLE 115 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
11.2 MARKET SHARE ANALYSIS, 2022
TABLE 116 BIOFUEL MARKET: DEGREE OF COMPETITION
FIGURE 37 BIOFUEL MARKET: MARKET SHARE ANALYSIS, 2022
11.3 MARKET EVALUATION FRAMEWORK, 2019–2023
TABLE 117 BIOFUEL MARKET: MARKET EVALUATION FRAMEWORK, 2019–2023
11.4 REVENUE ANALYSIS, 2018–2022
FIGURE 38 BIOFUEL MARKET: REVENUE ANALYSIS, 2018–2022
11.5 KEY COMPANY EVALUATION MATRIX, 2022
  11.5.1 STARS
  11.5.2 EMERGING LEADERS
  11.5.3 PERVASIVE PLAYERS
  11.5.4 PARTICIPANTS
FIGURE 39 BIOFUEL MARKET: KEY COMPANY EVALUATION MATRIX, 2022
11.6 COMPANY FOOTPRINT
TABLE 118 FUEL TYPE: COMPANY FOOTPRINT
TABLE 119 GENERATION: COMPANY FOOTPRINT
TABLE 120 END USE: COMPANY FOOTPRINT
TABLE 121 REGION: COMPANY FOOTPRINT
11.7 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022
  11.7.1 PROGRESSIVE COMPANIES
  11.7.2 RESPONSIVE COMPANIES
  11.7.3 DYNAMIC COMPANIES
  11.7.4 STARTING BLOCKS
FIGURE 40 BIOFUEL MARKET: STARTUPS/SMES EVALUATION MATRIX, 2022
11.8 COMPETITIVE BENCHMARKING
TABLE 122 BIOFUEL MARKET: LIST OF KEY STARTUPS/SMES
TABLE 123 FUEL TYPE: STARTUPS/SMES FOOTPRINT
TABLE 124 GENERATION: STARTUPS/SMES FOOTPRINT
TABLE 125 END USE: KEY PLAYERS
TABLE 126 REGION: STARTUPS/SMES FOOTPRINT
11.9 COMPETITIVE SCENARIOS AND TRENDS
  11.9.1 PRODUCT LAUNCHES
TABLE 127 BIOFUEL MARKET: PRODUCT LAUNCHES, 2019–2023
  11.9.2 DEALS
TABLE 128 BIOFUEL MARKET: DEALS, 2018–2023
  11.9.3 OTHERS
TABLE 129 BIOFUEL MARKET: OTHERS, 2019–2023

12 COMPANY PROFILES

(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
12.1 KEY PLAYERS
  12.1.1 ADM
TABLE 130 ADM: COMPANY OVERVIEW
FIGURE 41 ADM: COMPANY SNAPSHOT
TABLE 131 ADM: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 132 ADM: DEALS
TABLE 133 ADM: OTHERS
  12.1.2 VALERO
TABLE 134 VALERO: COMPANY OVERVIEW
FIGURE 42 VALERO: COMPANY SNAPSHOT
TABLE 135 VALERO: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 136 VALERO: DEALS
TABLE 137 VALERO: OTHERS
  12.1.3 NESTE
TABLE 138 NESTE: COMPANY OVERVIEW
FIGURE 43 NESTE: COMPANY SNAPSHOT
TABLE 139 NESTE: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 140 NESTE: DEALS
TABLE 141 NESTE: OTHERS
  12.1.4 GREEN PLAINS INC.
TABLE 142 GREEN PLAINS INC.: COMPANY OVERVIEW
FIGURE 44 GREEN PLAINS INC.: COMPANY SNAPSHOT
TABLE 143 GREEN PLAINS INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 144 GREEN PLAINS INC.: DEALS
TABLE 145 GREEN PLAINS INC.: OTHERS
  12.1.5 POET, LLC.
TABLE 146 POET, LLC: COMPANY OVERVIEW
TABLE 147 POET, LLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 148 POET, LLC: DEALS
TABLE 149 POET, LLC: OTHERS
  12.1.6 CHEVRON CORPORATION (CHEVRON RENEWABLE ENERGY GROUP)
TABLE 150 CHEVRON CORPORATION: COMPANY OVERVIEW
FIGURE 45 CHEVRON CORPORATION: COMPANY SNAPSHOT
TABLE 151 CHEVRON CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 152 CHEVRON CORPORATION: PRODUCT LAUNCHES
TABLE 153 CHEVRON CORPORATION: DEALS
TABLE 154 CHEVRON CORPORATION: OTHERS
  12.1.7 CARGILL, INCORPORATED
TABLE 155 CARGILL, INCORPORATED: COMPANY OVERVIEW
FIGURE 46 CARGILL, INCORPORATED: COMPANY SNAPSHOT
TABLE 156 CARGILL, INCORPORATED: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 157 CARGILL, INCORPORATED: DEALS
TABLE 158 CARGILL, INCORPORATED: OTHERS
  12.1.8 WILMAR INTERNATIONAL LTD
TABLE 159 WILMAR INTERNATIONAL LTD: COMPANY OVERVIEW
FIGURE 47 WILMAR INTERNATIONAL LTD: COMPANY SNAPSHOT
TABLE 160 WILMAR INTERNATIONAL LTD: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  12.1.9 THE ANDERSONS, INC.
TABLE 161 THE ANDERSONS, INC.: COMPANY OVERVIEW
FIGURE 48 THE ANDERSONS, INC.: COMPANY SNAPSHOT
TABLE 162 THE ANDERSONS, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 163 THE ANDERSONS, INC.: DEALS
  12.1.10 VERBIO AG
TABLE 164 VERBIO AG: COMPANY OVERVIEW
FIGURE 49 VERBIO AG: COMPANY SNAPSHOT
TABLE 165 VERBIO AG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 166 VERBIO AG: DEALS
TABLE 167 VERBIO AG: OTHERS
  12.1.11 BORREGAARD AS
TABLE 168 BORREGAARD AS: COMPANY OVERVIEW
FIGURE 50 BORREGAARD AS: COMPANY SNAPSHOT
TABLE 169 BORREGAARD AS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 170 BORREGAARD AS: OTHERS
  12.1.12 AEMETIS, INC.
TABLE 171 AEMETIS, INC.: COMPANY OVERVIEW
FIGURE 51 AEMETIS, INC.: COMPANY SNAPSHOT
TABLE 172 AEMETIS, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 173 AEMETIS, INC.: DEALS
TABLE 174 AEMETIS, INC.: OTHERS
  12.1.13 RAНZEN
TABLE 175 RAНZEN: COMPANY OVERVIEW
FIGURE 52 RAНZEN: COMPANY SNAPSHOT
TABLE 176 RAНZEN: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 177 RAНZEN: DEALS
TABLE 178 RAНZEN: OTHERS
  12.1.14 FUTUREFUEL CORPORATION
TABLE 179 FUTUREFUEL CORPORATION: COMPANY OVERVIEW
FIGURE 53 FUTUREFUEL CORPORATION: COMPANY SNAPSHOT
TABLE 180 FUTUREFUEL CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
12.2 OTHER PLAYERS
  12.2.1 CROPENERGIES AG
  12.2.2 BP P.L.C.
  12.2.3 MЬNZER BIOINDUSTRIE GMBH
  12.2.4 ALGENOL
  12.2.5 PANNONIA BIO ZRT.
  12.2.6 BLUE BIOFUELS, INC.
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

13 APPENDIX

13.1 INSIGHTS FROM INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 CUSTOMIZATION OPTIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS


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