Wilmington, Oct. 25, 2023 (GLOBE NEWSWIRE) -- According to RationalStat’s recent industry analysis, the Global Advanced Biofuels Market value is estimated at US$ 13 billion in 2023 and is expected to rise at a strong CAGR of over 8% over the forecast period of 2023-2030.
Market Definition, Market Scope, and Report Overview
Renewable fuels developed from biomass feedstocks such as agricultural residues, algae, non-food crops, and waste materials are known as advanced biofuels. In contrast to first-generation biofuels (such as corn ethanol and vegetable oil-based biodiesel), which are produced from edible feedstocks and have limitations in terms of land use and competition with food crops, advanced biofuels provide a more sustainable and environmentally friendly alternative to conventional fossil fuels.
Advanced biofuels are thought to be less harmful to the environment than fossil fuels. They produce fewer greenhouse gas emissions, minimize air pollution, and aid in climate change mitigation. As public concern about climate change and environmental degradation grows, so does the need for cleaner, greener fuel choices.
- According to a deep-dive market assessment by RationalStat, the global Advanced Biofuels market has been analyzed on the basis of market segments, including type, raw materials, process and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global Advanced Biofuels market covers market sizes on the basis of market value (US$/EUR Million) and volume (Tons/Liters) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global Advanced Biofuels market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Advanced Biofuels Market: Segmental and Market Share Analysis
- Based on type, biodiesels segment is expected to hold significant market share due to the growing use of biofuels as the engine fuel.
- Based on raw materials, algae segment is projected to dominate the raw material segment in terms of revenue over the forecast period.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 13 billion |
| Market Size Forecast | US$ 22.2 billion |
| Growth Rate | 8% |
| Dominant Segment | Biodiesels |
| Dominant Region | North America |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global advanced biofuels market include,
- In 2020, GranBio announced a planned partnership with the leading layer NextChem to co-license the company's unique technology in order to develop advanced biofuels globally.
Some of the prominent players and suppliers operating and contributing significantly to the global advanced biofuels market growth include GranBio, Inbicon A/S, Clariant, A2BE Carbon Capture, LLC., Fujian Zhongde Energy Co., Ltd, Bangchak Petroleum Plc., Algenol Biotech, Abengoa Bioenergy, DowDuPont Inc., and Chemtex Company, among others.
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RationalStat has segmented the global advanced biofuels market based on type, raw materials, process and region
- Global Advanced Biofuels Market Value (US$ Million), Volume (Tons/Liters), and Market Share (2019-2030) Analysis by Type
- Cellulosic Biofuel
- Biodiesel
- Others (Bio-butanol, etc.)
- Global Advanced Biofuels Market Value (US$ Million), Volume (Tons/Liters), and Market Share (2019-2030) Analysis by Raw Materials
- Energy Crops
- Municipal Solid Waste
- Algae
- Others (Green Waste, etc.)
- Global Advanced Biofuels Market Value (US$ Million), Volume (Tons/Liters), and Market Share (2019-2030) Analysis by Process
- Thermochemical
- Biochemical
- Global Advanced Biofuels Market Value (US$ Million), Volume (Tons/Liters), and Market Share (2019-2030) Analysis by Region
- North America Advanced Biofuels Market
- US
- Canada
- Latin America Advanced Biofuels Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Advanced Biofuels Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Advanced Biofuels Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Advanced Biofuels Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Advanced Biofuels Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Advanced Biofuels Market
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Key Questions Answered in the Advanced Biofuels Report:
- What will be the market value of the global Advanced Biofuels market by 2030?
- What is the market size of the global Advanced Biofuels market?
- What are the market drivers of the global Advanced Biofuels market?
- What are the key trends in the global Advanced Biofuels market?
- Which is the leading region in the global Advanced Biofuels market?
- What are the major companies operating in the global Advanced Biofuels market?
- What are the market shares by key segments in the global Advanced Biofuels market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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