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Advanced Biofuel Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 131
  • SKU: IRTNTR43455
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The advanced biofuel market share is expected to increase by USD 110.50 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 45.35%.

This advanced biofuel market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers advanced biofuel market segmentations by type (cellulosic ethanol, biodiesel, biobutanol, bioDME, and others) and geography (North America, South America, Europe, APAC, and MEA). The advanced biofuel market report also offers information on several market vendors, including Abengoa SA, Bangchak Corp. Public Co. Ltd., DuPont de Nemours Inc., ENERKEM Inc., Goteborg Energi AB, GranBio Investimentos SA, POET-DSM Advanced Biofuels LLC, Renewable Energy Group Inc., Royal Dutch Shell Plc, and UPM-Kymmene Corp. among others.

What will the Advanced Biofuel Market Size be During the Forecast Period?

Advanced Biofuel Market Size

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Advanced Biofuel Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The favorable government policies is notably driving the advanced biofuel market growth, although factors such as higher cost of production compared to conventional fuels may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the advanced biofuel industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Advanced Biofuel Market Driver

The favorable government policies are one of the key factors driving the growth of the global advanced biofuel market. Growing environmental and energy security concerns have led governments to intervene and impose legislative and regulatory actions. This has led to an increase in the demand for renewable fuels such as cellulosic ethanol and biodiesel. The global transportation fuel demand is expected to rise due to decreasing fossil fuel reserves and an increasing number of automobiles. This is likely to drive the demand for advanced biofuels. Moreover, the government offers incentives, grants, special loans, and a tax credit to meet the set targets. For example, the US government provides loan guarantees under the biorefinery assistance program for the construction and renovation of commercial-scale biorefineries that produce advanced biofuels. The maximum loan guarantee is $250 million, and the maximum grant funding is 50% of the cost of the project. The US government also provides biodiesel tax incentives of $1 tax credit per gallon of biodiesel. Such initiatives and benefits are driving the production and consumption of advanced biofuels worldwide.

Key Advanced Biofuel Market Trend

The need to comply with environmental regulations will fuel the global advanced biofuel market growth. The benefits of advanced biofuels, such as reducing greenhouse gases and energy insecurity, have captured the interest of governments across the world. With advanced biofuels, such as biodiesel, gaining momentum and finding applications in different sectors, the need to comply with environmental regulations has increased. Currently, biodiesel is the only renewable fuel that has passed the strict regulations of EPA for renewable fuel and the Clean Air Act (CAA) for health study. The feedstocks used for the production of advanced biofuels vary from region to region. Since these feedstocks are used for various other purposes, it is getting into competition with the food sector, thus driving up the prices. Economic Co-operation and Development (OECD) organization has also warned regarding high food prices with respect to increased biofuel consumption. Therefore, to balance the use of specific feedstock, regional governments are overseeing the situation by setting environmental regulations on the consumption and quality of the advanced biofuels produced.

Key Advanced Biofuel Market Challenge

The higher cost of production compared to conventional fuels is a major challenge for the global advanced biofuel market growth. The global advanced biofuel market is still in its nascent stage. Not only is the current technology used in the production of advanced biofuels inefficient compared with that of conventional fuels, but also the cost of procuring feedstock is high. The processing of advanced biofuel feedstock is difficult. Though advanced biofuels are produced commercially, it still requires an efficient, sustainable, and economical processing technique. Moreover, the processing and operational cost for advanced biofuels are high in comparison to conventional fuels. Advanced biofuels have always been an expensive substitute for conventional fuels. Electric vehicles are considered a more economical and sustainable alternative to conventional fuels as well as advanced biofuels. It is probably a cheaper way to reduce carbon emissions. Thus, the demand for electric and hybrid vehicles is increasing. This is likely to hinder the growth of the global advanced biofuel market.

This advanced biofuel market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global advanced biofuel market as a part of the global coal and consumable fuels market within the global coal market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the advanced biofuel market during the forecast period.

Who are the Major Advanced Biofuel Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Abengoa SA
  • Bangchak Corp. Public Co. Ltd.
  • DuPont de Nemours Inc.
  • ENERKEM Inc.
  • Goteborg Energi AB
  • GranBio Investimentos SA
  • POET-DSM Advanced Biofuels LLC
  • Renewable Energy Group Inc.
  • Royal Dutch Shell Plc
  • UPM-Kymmene Corp.

 

This statistical study of the advanced biofuel market encompasses successful business strategies deployed by the key vendors. The advanced biofuel market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Abengoa SA - The company offers advanced biofuel, which is derived from different types of wastes or biomass, such as municipal waste, wood, agri-food waste, industrial wastes, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The advanced biofuel market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Advanced Biofuel Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the advanced biofuel market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global coal and consumable fuels market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Advanced Biofuel Market?

Advanced Biofuel Market Market segmentation by region

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48% of the market's growth will originate from North America during the forecast period. The US is the key market for advanced biofuel market in North America. Market growth in this region will be slower than the growth of the market in regions.

The favorable government policies will facilitate the advanced biofuel market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 affected all countries in North America, especially the US. This negatively impacted the advanced biofuel market in North America in 2020 and 2021. However, in 2021, the initiation of large-scale vaccination drives?has lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.

What are the Revenue-generating Type Segments in the Advanced Biofuel Market?

Advanced Biofuel Market Segmentation

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The advanced biofuel market share growth by the Cellulosic ethanol segment will be significant during the forecast period. Various raw materials rich in cellulose content can be used for the production of cellulosic ethanol, such as agricultural waste and residues, grasses, algae, wood chips, and plants.

This report provides an accurate prediction of the contribution of all the segments to the growth of the advanced biofuel market size and actionable market insights on post COVID-19 impact on each segment.

Advanced Biofuel Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 45.35%

Market growth 2021-2025

$ 110.50 billion

Market structure

Concentrated

YoY growth (%)

31.77

Regional analysis

North America, South America, Europe, APAC, and MEA

Performing market contribution

North America at 48%

Key consumer countries

US, Brazil, China, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Abengoa SA, Bangchak Corp. Public Co. Ltd., DuPont de Nemours Inc., ENERKEM Inc., Goteborg Energi AB, GranBio Investimentos SA, POET-DSM Advanced Biofuels LLC, Renewable Energy Group Inc., Royal Dutch Shell Plc, and UPM-Kymmene Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Advanced Biofuel Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive advanced biofuel market growth during the next five years
  • Precise estimation of the advanced biofuel market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the advanced biofuel industry across North America, South America, Europe, APAC, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of advanced biofuel market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
  • 2.2 Market charcaterisitics
    • Exhibit 02: Market characteristics
  • 2.3 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Coal and consumable fuels

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five Forces Analysis
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 15: Type - Market share 2020-2025 (%)
    • 5.2 Comparison by Type
      • Exhibit 16: Comparison by Type
    • 5.3 Cellulosic ethanol - Market size and forecast 2020-2025
      • Exhibit 17: Cellulosic ethanol - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Cellulosic ethanol - Year-over-year growth 2020-2025 (%)
    • 5.4 Biodiesel - Market size and forecast 2020-2025
      • Exhibit 19: Biodiesel - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Biodiesel - Year-over-year growth 2020-2025 (%)
    • 5.5 Biobutanol - Market size and forecast 2020-2025
      • Exhibit 21: Biobutanol - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Biobutanol - Year-over-year growth 2020-2025 (%)
    • 5.6 BioDME - Market size and forecast 2020-2025
      • Exhibit 23: BioDME - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: BioDME - Year-over-year growth 2020-2025 (%)
    • 5.7 Others - Market size and forecast 2020-2025
      • Exhibit 25: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: Others - Year-over-year growth 2020-2025 (%)
    • 5.8 Market opportunity by Type
      • Exhibit 27: Market opportunity by Type

    6 Customer Landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 29: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 30: Geographic comparison
    • 7.3 North America - Market size and forecast 2020-2025
      • Exhibit 31: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
    • 7.4 South America - Market size and forecast 2020-2025
      • Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
    • 7.5 Europe - Market size and forecast 2020-2025
      • Exhibit 35: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: Europe - Year-over-year growth 2020-2025 (%)
    • 7.6 APAC - Market size and forecast 2020-2025
      • Exhibit 37: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 38: APAC - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 39: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 40: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 41: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 42: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 43: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Vendor landscape
          • Exhibit 44: Vendor landscape
        • 9.2 Competitive Scenario
          • 9.3 Landscape disruption
            • Exhibit 45: Landscape disruption
            • Exhibit 46: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 48: Market positioning of vendors
            • 10.3 Abengoa SA
              • Exhibit 49: Abengoa SA - Overview
              • Exhibit 50: Abengoa SA - Business segments
              • Exhibit 51: Abengoa SA - Key news
              • Exhibit 52: Abengoa SA - Key offerings
              • Exhibit 53: Abengoa SA - Segment focus
            • 10.4 Bangchak Corp. Public Co. Ltd.
              • Exhibit 54: Bangchak Corp. Public Co. Ltd. - Overview
              • Exhibit 55: Bangchak Corp. Public Co. Ltd. - Business segments
              • Exhibit 56: Bangchak Corp. Public Co. Ltd. - Key news
              • Exhibit 57: Bangchak Corp. Public Co. Ltd. - Key offerings
              • Exhibit 58: Bangchak Corp. Public Co. Ltd. - Segment focus
            • 10.5 DuPont de Nemours Inc.
              • Exhibit 59: DuPont de Nemours Inc. - Overview
              • Exhibit 60: DuPont de Nemours Inc. - Business segments
              • Exhibit 61: DuPont de Nemours Inc. - Key news
              • Exhibit 62: DuPont de Nemours Inc. - Key offerings
              • Exhibit 63: DuPont de Nemours Inc. - Segment focus
            • 10.6 ENERKEM Inc.
              • Exhibit 64: ENERKEM Inc. - Overview
              • Exhibit 65: ENERKEM Inc. - Product and service
              • Exhibit 66: ENERKEM Inc. - Key news
              • Exhibit 67: ENERKEM Inc. - Key offerings
            • 10.7 Goteborg Energi AB
              • Exhibit 68: Goteborg Energi AB - Overview
              • Exhibit 69: Goteborg Energi AB - Product and service
              • Exhibit 70: Goteborg Energi AB - Key offerings
            • 10.8 GranBio Investimentos SA
              • Exhibit 71: GranBio Investimentos SA - Overview
              • Exhibit 72: GranBio Investimentos SA - Product and service
              • Exhibit 73: GranBio Investimentos SA - Key news
              • Exhibit 74: GranBio Investimentos SA - Key offerings
            • 10.9 POET-DSM Advanced Biofuels LLC
              • Exhibit 75: POET-DSM Advanced Biofuels LLC - Overview
              • Exhibit 76: POET-DSM Advanced Biofuels LLC - Product and service
              • Exhibit 77: POET-DSM Advanced Biofuels LLC - Key offerings
            • 10.10 Renewable Energy Group Inc.
              • Exhibit 78: Renewable Energy Group Inc. - Overview
              • Exhibit 79: Renewable Energy Group Inc. - Business segments
              • Exhibit 80: Renewable Energy Group Inc. - Key news
              • Exhibit 81: Renewable Energy Group Inc. - Key offerings
              • Exhibit 82: Renewable Energy Group Inc. - Segment focus
            • 10.11 Royal Dutch Shell Plc
              • Exhibit 83: Royal Dutch Shell Plc - Overview
              • Exhibit 84: Royal Dutch Shell Plc - Business segments
              • Exhibit 85: Royal Dutch Shell Plc - Key news
              • Exhibit 86: Royal Dutch Shell Plc - Key offerings
              • Exhibit 87: Royal Dutch Shell Plc - Segment focus
            • 10.12 UPM-Kymmene Corp.
              • Exhibit 88: UPM-Kymmene Corp. - Overview
              • Exhibit 89: UPM-Kymmene Corp. - Business segments
              • Exhibit 90: UPM-Kymmene Corp. - Key news
              • Exhibit 91: UPM-Kymmene Corp. - Key offerings
              • Exhibit 92: UPM-Kymmene Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 93: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 94: Research Methodology
                • Exhibit 95: Validation techniques employed for market sizing
                • Exhibit 96: Information sources
              • 11.4 List of abbreviations
                • Exhibit 97: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Advanced Biofuel Market market growth will increase by $110.50 bn during 2021-2025.
              The advanced biofuel market market is expected to grow at a CAGR of 45.35% during 2021-2025.
              Technavio has segmented the advanced biofuel market market by type (cellulosic ethanol, biodiesel, biobutanol, bioDME, and others) ,geography (North America, South America, Europe, APAC, and MEA) , and geographic (North America, South America, Europe, APAC, and MEA).
              Abengoa SA, Bangchak Corp. Public Co. Ltd., DuPont de Nemours Inc., ENERKEM Inc., Goteborg Energi AB, GranBio Investimentos SA, POET-DSM Advanced Biofuels LLC, Renewable Energy Group Inc., Royal Dutch Shell Plc, UPM-Kymmene Corp. are a few of the key vendors in the advanced biofuel market market.
              North America will register the highest growth rate of 48% among the other regions. Therefore, the advanced biofuel market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the advanced biofuel market market growth are:
              • Favorable government policies
              • Need to comply with environmental regulations
              The advanced biofuel market market vendors should focus on grabbing business opportunities from the cellulosic ethanol segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

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