Advanced Biofuel Market-Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Fuel Type (Biodiesel, Biobutanol, BioDME and Cellulosic Ethanol), By Feedstock Type (Simple lignocellulose, Algae, Complex lignocellulose), By Processing Technology (Thermochemical Vs Biochemical) By Region, and Competition
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAdvanced Biofuel Market-Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Fuel Type (Biodiesel, Biobutanol, BioDME and Cellulosic Ethanol), By Feedstock Type (Simple lignocellulose, Algae, Complex lignocellulose), By Processing Technology (Thermochemical Vs Biochemical) By Region, and Competition
In 2020, United States greenhouse gas emissions totaled 5,222 million metric tons of carbon dioxide.
Advanced biofuels, sometimes called second-generation biofuels, are renewable fuels used as gasoline and diesel substitutes since they emit relatively minimum greenhouse gas. Advanced biofuels can be produced using many biomasses, including lignocellulose, non-corn starch, and sugar. Advanced biofuels mainly use lignocellulose biomass to produce biofuels. Due to its extensive use in automotive vehicles without requiring significant changes to the internal combustion engine, ethanol is expected to see tremendous development in the biofuel sector. Additional feedstocks that could be utilized to produce biofuels are being researched, which are environmentally friendly and less destructive manufacturing methods, which can certainly open many options in the future. In terms of market expansion, the desire for safe, clean, and sustainable energy is anticipated to drive up the blending of biofuels in automobile fuels in response to regulatory mandates.
Advanced biofuel producers are less in number. However, it is anticipated that number will increase during the forecast period. Companies invest highly in R&D to create technologies that turn biomass into sophisticated biofuels. The market for Advanced biofuels is expected to grow at a promising CAGR over the forecast period.
Growing Demand of Sustainable Fuels
A typical passenger vehicle emits about 4.6 metric tons of carbon dioxide per year
Increasing Awareness Towards Global Warming
The Indian government and oil marketing firms are actively promoting the blend of 10% ethanol in motor spirit, intending to gradually raise the blending proportion to 20% by 2028.
Recent Developments
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Market Segmentation
Global Advanced Biofuel market is segmented by fuel type, the market is segmented into biodiesel, biobutanol, bioDME and cellulosic ethanol. By feedstock type, the market is segmented into simple lignocellulose, algae, complex lignocellulose. By processing technology, the market is segmented into thermochemical Vs biochemical
Market players
Algenol LLC, Abengoa bioenergy Co LLC, DuPont de Nemours, Inc., Fujian Zhongde Energy Co., Ltd., Ineos Group Holdings PLC , Inbicon A/S, Clariant AG, ZeaChem Inc., and China Petroleum & Chemical Corporation (Sinopec).
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, Volume Forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Fuel Type · Feedstock Type · Processing Technology |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Canada, Mexico; China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Italy, Spain; Brazil, South Africa, UAE, Saudi Arabia, Turkey, and Egypt. |
| Key companies profiled | Algenol LLC, Abengoa bioenergy Co LLC, DuPont de Nemours, Inc., Fujian Zhongde Energy Co., Ltd., Ineos Group Holdings PLC , Inbicon A/S, Clariant AG, ZeaChem Inc., and China Petroleum & Chemical Corporation (Sinopec) |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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