Lignocellulosic Feedstock-based Biofuel Market by Conversion Process and Geography - Forecast and Analysis 2020-2024
- Published: Jan 2020
- Pages: 139
- SKU: IRTNTR40849
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The lignocellulosic feedstock-based biofuel market size has the potential to grow by USD 7.83 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by conversion process (biochemical and thermochemical) and geography (APAC, EMEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Abengoa SA, China Petroleum & Chemical Corp., Clariant International Ltd., DuPont de Nemours Inc., Fiberight LLC, Gevo Inc., GranBio Investimentos SA, Iogen Corp, Neste Oyj, and New Energy Blue LLC.
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Market Competitive Analysis
The lignocellulosic feedstock-based biofuel market is fragmented, and the degree of fragmentation will remain the same during the forecast period. The rising ethanol blending targets and the emergence of integrated waste system will create ample growth opportunities for vendors in the lignocellulosic feedstock-based biofuel market. Gevo Inc., GranBio Investimentos SA, Iogen Corp, Neste Oyj, and New Energy Blue LLC are some of the major market participants. Although the growing adoption of bioethanol as a transport fuel will offer immense growth opportunities, the complex and costly conversion process will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this lignocellulosic feedstock-based biofuel market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this lignocellulosic feedstock-based biofuel market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Abengoa SA
- China Petroleum & Chemical Corp.
- Clariant International Ltd.
- DuPont de Nemours Inc.
- Fiberight LLC
- Gevo Inc.
- GranBio Investimentos SA
- Iogen Corp
- Neste Oyj
- New Energy Blue LLC
Lignocellulosic Feedstock-based Biofuel Market: Segmentation by Region
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North America was the largest lignocellulosic feedstock-based biofuel market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Increasing adoption of renewable energy sources, a decline in the price of natural gas, and the presence of favorable government policies will significantly influence lignocellulosic feedstock-based biofuel market growth in this region.
Almost 40% of the market’s growth will originate from North America during the forecast period. The US is a key market for lignocellulosic feedstock-based biofuel in North America. Market growth in this region will be faster than the growth of the market in EMEA.
Lignocellulosic Feedstock-based Biofuel Market: Segmentation by Conversion Process
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Market vendors are increasingly emphasizing on the R&D of biochemical conversion process, which involves the pretreatment of feedstock, enzymatic hydrolysis, fermentation, and recovery of end-products. The growing use of bioethanol as a transport fuel and its increasing demand due to the rise in ethanol blending targets of several nations are some of the significant factors fueling the growth of the lignocellulosic feedstock-based biofuel market in this segment.
Market growth in this segment will be slower than the growth of the market in the thermochemical segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the lignocellulosic feedstock-based biofuel market size.
Lignocellulosic Feedstock-based Biofuel Market: Key Drivers and Trends
The growing adoption of bioethanol as a transport fuel will be a significant factor driving the growth of the lignocellulosic feedstock-based biofuel market. The high use of fossil-based fuels, such as gasoline and natural gas by the transportation sector, makes it one of the major contributors to the overall GHG emissions. Hence, the transportation sector is increasingly shifting to low-carbon alternatives, such as biofuel, to minimize GHG emissions. Bioethanol has emerged as one of the most popular biofuels in the transportation industry because of its ability to offer sustainable mobility and significantly reduce GHG emissions. Several countries, including China and Brazil, are adopting bioethanol to curb rising air pollution concerns. New developments, such as incentives offered by the Government of California, US, to encourage the use of carbon capture and storage technologies, will further boost the production and adoption of bioethanol. Hence, with the increasing focus of the transportation sector on reducing GHG emissions and rising adoption of bioethanol as a transport fuel, the demand for lignocellulosic feedstock-based biofuel will also grow.
- The integrated waste management system combines waste prevention and reduction techniques to maximize the efficiency of waste sorting, separation, and recycling processes.
- The use of integrated waste management system will help in effectively capturing the energy produced from waste and reducing environmental degradation or pollution.
- The organic fraction of solid waste can be used to generate biofuels, while the inorganic fraction can be used to generate heat through incineration or thermal production.
- Various countries are adopting an integrated waste management system for efficient waste management.
- The emergence of integrated waste management system, which is one of the critical lignocellulosic feedstock-based biofuel market trends, will boost the availability of lignocellulosic feedstock from municipal solid waste.
- During 2020-2024, the lignocellulosic feedstock-based biofuel market will grow at a CAGR of over 32%.
Lignocellulosic Feedstock-based Biofuel Market: Key Highlights of the Report for the Forecast Period 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive lignocellulosic feedstock-based biofuel market growth during the next five years
- Precise estimation of the lignocellulosic feedstock-based biofuel market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the lignocellulosic feedstock-based biofuel market industry across APAC, EMEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of lignocellulosic feedstock-based biofuel market vendors
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- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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