Energy & Environment Industry Today

Bio Fuels Market | CAGR of 5.7% Estimated during 2018-2023 | Key Players Profiles and Trend, Industry Professional Survey and In-depth Analysis, Forecast

Global Bio Fuels Market Information Report by Fuel Type (Bio Diesel and Ethanol), by Feedstock Type (Biodiesel Feedstock, Ethanol Feedstock), by Application (Transportation, Power Generation and Others), by Composition (Starch Feedstock’s, Sugar Feedstock, Lignocellulosic Feedstock and Miscellaneous Feedstock) and by Regions - Global Forecast To 2023
Published 09 February 2018
Market Scenario
The biofuel is a liquid fuel that is extracted from biological materials such as trees, crops, animal matter and agricultural wastes. They are typically produced from carbon sources that can be replenished rapidly. Bio fuels do not emit any toxic materials such as sulfur on combustion and produce very less carbon monoxides. Bio fuels are typically used as substitutes for conventional fossil fuels such as petroleum, coal and natural gas. Biofuels are used extensively around the globe as vehicle fuel source and the industry is rapidly expanding in Asia, Europe and in the North American regions.
Use of Ethanol in the Transportation sector
The automobile and transportation industry is slowly moving over to the use of renewable energy fuels from that of fossil fuels. Increasing stringent laws to curb global vehicle emissions, is driving automobile manufacturers to come up with alternative sources of fuel for automobiles. The biofuel is one such alternative to traditional fossil fuels and they can also be used in conventional gasoline and diesel engines without much modification. There are increased subsidies for using bio ethanol in automobiles and they also help achieve the vehicle climate change targets. Biofuels are also used in power generation and heating applications because of their reduced carbon emission qualities than traditional fossil fuels.
Market Research Analysis
Currently, North America is expected to maintain its high market for biofuels market. This is mainly due to the fact that stringent environmental laws are enforced to reduce vehicle emissions and promote the use of biofuels in U.S. and in Brazil. Similarly, Europe remains a very significant market since it comprises of many climate change targets that limit the use of fossil fuel powered cars. The Asia-Pacific region is expected to witness an upward trend in biofuel use because of growing popularity in countries such as China and India. Abundant sunshine, favorable climate and arable land availability makes the Asia, an attractive market for the production and use of biofuels. The Bio fuels Market is expected to grow by a CAGR of 5.7 % during the forecast period.
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Key Players
The key players of Global Bio Fuels Market are
  • Archer Daniels Midland Company (U.S.),
  • Aceites Manuelita S.A.( Colombia ),
  • Abengoa Bioenergy, Inc.(Spain),
  • INEOS Group AG (U.K.),
  • Neste Corporation (Finland),
  • Renewable Energy Group, Inc (U.S.),
  • BlueFire Renewables (U.S.),
  • Cosan S.A.
  • Indústria E Comércio (Brasil),
  • Infinita Renovables SA (Spain)
  • BioWanze SA (Belgium).
Regional Analysis
Global Bio Fuels Market
The bio fuel market is gaining importance because of the swift economic development around the world and strict environmental regulations that enable the use of biofuels. In recent years, the bio fuels market has seen rapid development in cellulosic and algae bio fuel technology. These technologies majorly involve the use of feedstock such as grass, corn stover, and algae for the bio ethanol and bio diesel production.
The market is predominantly driven by the use of biofuels in the transportation and aviation sectors. Because of this, the major automobile and aviation manufacturers are coming up with biofuel compatible engines and power trains. The market is driven by the favourable regulations and policies in the North American and the European regions. Constant investment in research and development of bio fuels and increased focus to commercialise biofuels in these regions is driving this trend.  The Asia-Pacific region is expected to see major growth because of countries such as China and India, which are growing as prime consumers of biofuels especially ethanol.
Intended Audience
  • Distributer & Supplier companies
  • End Users
  • Consultants and Investment bankers
  • Government as well as Independent Regulatory Authorities
List Of Tables
Table 1        Global Biofuel Market, By Type
Table 2        Global Biofuel Market, By Fuel Type
Table 3        Global Biofuel Market, By Application
Table 4     Global Biofuel Market, By Regions
Table 5     North America Biofuel Market, By Type
Table 6        North America Biofuel Market, By Fuel Type
Table 7        North America Biofuel Market, By Application
Table 8        U.S. Biofuel Market, By Type
Table 9        U.S. Biofuel Market, By Fuel Type
Table 10    U.S. Biofuel Market, By Application
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List Of Figures
Figure 1    Research Fuel Type
Figure 2    Global Biofuel Market: By Type (%)
Figure 3    Global Biofuel Market: By Fuel Type (%)
Figure 4    Global Biofuel Market: By Application (%)
Figure 5    Global Biofuel Market: By Region 
Figure 6    North America Biofuel Market, By Type (%)
Figure 7    North America Biofuel Market, By Fuel Type (%)
Figure 8    North America Biofuel Market, By Application (%)
Figure 9    Europe Biofuel Market, By Type (%)
Figure 10    Europe Biofuel Market, By Fuel Type (%)
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