Global Automotive Biofuels Market 2017-2021

Overview of the global automotive biofuels market

According to Technavio's analyst, the global automotive biofuels market is anticipated to grow at a steady rate and will post a CAGR of more than 8% during the forecast period. The increasing number of initiatives taken by various governments across the globe will drive the growth prospects for the global automotive biofuels market until the end of 2021. Also, promoting the use of ethanol vehicles and mandating the use of ethanol in automotive fuel will drive the growth rate of the automotive biofuels market. Moreover, some of the economies are increasingly adopting regulations that use 10% of energy from renewable fuels in the transportation sector and curb greenhouse gas (GHG) emissions from transportation fuel by 6%. Furthermore, in the US, ethanol has been considered as an appropriate solution to reduce gasoline consumption, which, in turn, reduces the dependence on petrol imports.

The research and developmental activities on third-generation biofuel will drive the growth prospects for the global automotive biofuels market for the next four years. For instance, algae fuel is likely to be considered as a suitable emerging source of fuel in the coming years.

Competitive landscape and key vendors

The global automotive biofuels market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. It has been observed that several vendors are increasingly focusing on research and developmental activities to lower the production costs of biofuels.

Key vendors in this market are -

• ADM
• INEOS Enterprises
• Neste
• Renewable Energy

Other prominent vendors in the market include Aemetis, AJ Oleo Industries, Algenol, Bangchak Petroleum, Chemrez Technologies, Copersucar, Ekarat Pattana, Gevo, GranBio, North Queensland Bio Energy, Pacific Ethanol, Patum Vegetable Oil, Petro Green, POET, PT Darmex Biofuel, PT Eterindo Wahanatama Tbk, PT Molindo Raya Industrial, PTT, Pure Essence International, Red Rock, Thai Agro Energy, Total, Valero Energy, Wilmar International, Cosan, Longyan Zhuoyue New Energy, Fujian Zhongde Energy, Louis Dreyfus Commodities, Guangzhou Devotion Thermal Technology Ningbo Tech-Bank, Gushan Environmental Energy, Petrobras, Henan Tianguan Enterprise Group Shandong Jinjiang Bioenergy Technology, Jiangsu Hengshunda Bio-Energy, and Shell.

Segmentation by type and analysis of the automotive biofuels market

• Ethanol
• Biodiesel

The global automotive ethanol market segment accounted for the majority market share during 2016 and will continue to dominate the market for the next four years.  The increasing dependence of competing industries such as the food industry on feedstock and the potential increase in the price of feedstock is likely to influence the promotion of second-generation ethanol as an automotive biofuel.

Segmentation by geography and analysis of the automotive biofuels market

• Americas
• APAC
• EMEA

In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. One of the major factors responsible for the market's growth in the region is the increasing support from the government to manufacture biofuels.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive biofuels market?
• What are the key market trends impacting the growth of the global automotive biofuels market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive biofuels market?
• What are the market opportunities and threats faced by the vendors in the global automotive biofuels market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global automotive biofuels market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Biofuels Market 2016-2020
• Global Aviation Alternative Fuels Market 2016-2020
• Global Aviation Fuel Market 2016-2020
• Global Biocatalysis and Biocatalysts Market 2016-2020

Technavio, a global market research firm, has announced the launch of its latest market research report on the automotive biofuels market for the forecast period of 2017 to 2021. This upcoming market research report takes into account the key trends and drivers affecting the market landscape for the powertrain segment to estimate the market's overall growth prospects. Furthermore, research professionals have also observed that this segment is undergoing profound market advancements in terms of emission-related innovations, which is anticipated to to influence the automotive industry's growth. Our actionable market reports offer information on how major players like Delphi, Denso, Magna, and Robert Bosch and original equipment manufacturers (OEMs) are defining markets through reliable and fuel-efficient powertrains across the automotive sector.

Technavio's industry experts have focused on the global outlook of the powertrain sector to provide an intensive market analysis of the growth projections and latest developments for the automotive biofuels market. Several automotive companies are also focusing on improvements based on advanced features and components, such as alternative fuel drivetrains, to distinguish their vehicles in the global automotive market. The use of biofuels in internal combustion engines reduces carbon dioxide emissions considerably. Due to the implementation of strict regulations about vehicular emissions across the globe, the overall powertrain industry will witness a shift towards renewable fuels in vehicles. To present an all-inclusive picture of the market, analysts have also studied the market size and forecast from a global perspective, segmentations, and vendor profiles of several automotive industry stakeholders.

Extensive industry analysis has also revealed that with the shift of several production units to cost-effective emerging economies, the global powertrain industry will witness a substantial amount of growth in the coming years. To cater to the specific requirements of clients, Technavio's upcoming market research report takes into account the growth of other markets like gasoline particulate filter market for passenger cars, which is expected to grow at a tremendous CAGR of around 315% by 2020.   Our market research reports also give a 360-degree view of the overall automotive industry, subsequent product innovations, sales statistics and projections, and up-to-date analysis of the ongoing research activities related to powertrains like hybrid and electric vehicle powertrains.

The market report for automotive biofuels also identifies the key drivers, emerging trends, as well as the challenges that the powertrain industry is currently experiencing. It also presents insights into the changing competitive landscape to give clients a realistic picture of the future direction of the overall automotive sector.