Dublin, June 27, 2023 (GLOBE NEWSWIRE) -- The Biofuel Market Report 2023-2033 report has been added to ResearchAndMarkets.com's offering.
The global biofuel market will surpass US$123.98 billion in 2023, this work calculates. The report predicts strong revenue growth through to 2033. This work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Market Driven by the Need for More Sustainable Energy Sources and Concerns Over Climate Change
The biofuel industry has emerged as a viable alternative to fossil fuels, with biofuels being derived from renewable organic materials such as plants and waste materials. The biofuel industry faces several challenges, including competition for land and resources, the cost of production, and limited infrastructure for distribution and storage. However, the industry continues to grow and innovate, with new technologies being developed to increase efficiency and reduce costs. Governments around the world are also implementing policies to encourage the use of biofuels, such as mandates requiring a certain percentage of biofuels to be used in transportation fuel.
As the world continues to prioritize sustainability and reduce greenhouse gas emissions, the biofuel industry is likely to play an increasingly important role in the energy mix. The industry has the potential to create new jobs and promote economic growth while reducing dependence on fossil fuels. However, it is important to ensure that the growth of the biofuel industry is sustainable, with efforts to mitigate environmental impacts, promote responsible land-use practices, and support communities and farmers who may be affected by the industry. Overall, the biofuel industry represents an exciting opportunity to transition towards a more sustainable and equitable energy future.
Key Questions Answered
- How is the biofuel industry market evolving?
- What is driving and restraining the biofuel industry market?
- How will each biofuel industry submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2033?
- How will the market shares for each biofuel industry submarket develop from 2023 to 2033?
- What will be the main driver for the overall market from 2023 to 2033?
- Will leading biofuel industry markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2033 and which geographical region will lead the market in 2033?
- Who are the leading players and what are their prospects over the forecast period?
- What are the biofuel industry projects for these leading companies?
- How will the industry evolve during the period between 2023 and 2033? What are the implications of biofuel industry projects taking place now and over the next 10 years?
- Is there a greater need for product commercialisation to further scale the biofuel industry market?
- Where is the biofuel industry market heading and how can you ensure you are at the forefront of the market?
- What are the best investment options for new product and service lines?
- What are the key prospects for moving companies into a new growth path and C-suite?
Leading companies and the potential for market growth:
- Abengoa, SA
- Air Liquide
- Bunge Limited
- Butamax Advanced Biofuels, LLC
- Cosan SA
- CropEnergies AG
- FutureFuel Corporation
- Gevo, Inc.
- Green Plains
- Pacific Ethanol, Inc.
- Petroleo Brasileiro SA - Petrobras
- Renewable Energy Group, Inc.
- Royal Dutch Shell PLC
- Valero Marketing and Supply Company
- Wilmar International Limited
In summary, this 290+ page report provides you with the following knowledge:
- Revenue forecasts to 2033 for Biofuel Industry Market, 2023 to 2033 Market, with forecasts for type, source, generation, end-use and company size, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
- Revenue forecasts to 2033 for four regional and 20 key national markets - See forecasts for the Biofuel Industry Market, 2023 to 2033 market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Also forecasted is the market in the US, Canada, Brazil, Germany, France, UK, Italy, China, India, Indonesia, and Australia among other prominent economies.
- Prospects for established firms and those seeking to enter the market - including company profiles for 15 of the major companies involved in the Biofuel Industry Market, 2023 to 2033.
Find quantitative and qualitative analyses with independent predictions. Receive information that only this report contains, staying informed with invaluable business intelligence.
For more information about this report visit https://www.researchandmarkets.com/r/e2i0mh
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