Liquid Biofuel Market : Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

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Japan, Japan, Thu, 22 Jul 2021 06:14:30 / Comserve Inc. / -- Liquid Biofuel Market Opportunities, Size, Share, Emerging Trends, Technological Innovation, Forecasts & Regional Analysis (Latin America, North America, Asia Pacific, Europe, Middle East)

"The report on Liquid Biofuel Market was recently published by SDKI, which includes the latest market trends, current and future opportunities along with the factors that are driving the growth of the market. This report further encompasses the records for the expansion of the market along with information on the investment opportunities that help the clients to take positive decisions on the parameters for gaining profitable revenues. Moreover, the report also contains identification and investigation of the market structure, in-depth qualitative analysis, restraints & challenges, growth drivers, emerging product trends & market opportunities and Porter's five forces.

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Liquid Biofuel Market: Overview

  • Biofuels can play an important role in reducing carbon dioxide emissions. Liquid biofuels can be used as alternative fuels for all types of internal combustion engines running on gasoline, diesel, or kerosene. They can be used in passenger vehicles, trucks, ships, and airplanes. Currently, ethanol and biodiesel are the two common types of liquid biofuels.Biodiesel is made from vegetable oils, animal fats, or greases such as recycled restaurant grease, while ethanol is obtained from natural sources such as sugarcane, maize, and corn

Biofuel Promotion and Renewable Energy Targets Drive Liquid Biofuel Market

  • The Renewable Energy Directive (RED) II set by the EU Council and the European Parliament mandates that 6.8% of transportation fuels must be derived from renewable sources such as advanced alternative fuels (biofuels) and renewable electricity generation. This is expected to contribute to the overall goal of achieving 20% of the energy mix by 2020.
  • China has been promoting the production and consumption of biofuels. The Government has set the production target of 12.7 billion liters of ethanol and 2.3 billion liters of biodiesel by the end of 2020
  • The Government of Brazil aims to reduce domestic emission of GHG by 37% by 2025 and 43% by 2030. In line with this, it launched the RenovaBio Program in December 2016. The program was instituted as part of the 'National Biofuels Policy' in December 2017. This is anticipated to positively influence the global liquid biofuel market.

Volatility in Prices of Crude Oil Boosts Liquid Biofuel Market

  • Prices of crude oil are affected by events that can potentially disrupt the supply of oil and gas. These include geopolitical and weather-related issues. Geopolitical events is a major factor that leads to uncertainty about supply or demand for oil and gas. This can result in higher volatility in prices of oil and gas.
  • The Middle East accounts for major share of oil and gas production & supply. The region is experiencing instability due to political issues. Prices of oil and gas have been rising steadily in the market.
  • Volatility in prices of oil directly effects the production of oil and gas. This is estimated to propel the liquid biofuel market during the forecast period.

Expansions, Acquisitions, and New Contracts in Liquid Biofuel Market

  • In May 2019, United Airlines strengthened its reputation as the world's most environmentally conscious airline by renewing its contract with the U.S.-based World Energy. United Airlines agreed to purchase up to 10 million gallons of cost-competitive, commercial-scale, sustainable aviation biofuel over the next two years.
  • In July 2019, Renewable Energy Group, Inc., the leading producer of advanced biofuel, expanded its business by opening its first fueling station in Seneca, Illinois, the U.S. The station is projected to provide cleaner fueling options to the community in Seneca, Illinois, the U.S.
  • In January 2019, ExxonMobil Corporation and Renewable Energy Group (REG) announced signing of a joint research agreement with Clariant to evaluate the potential use of cellulosic sugars from sources such as residues and agricultural waste to produce biofuel

Starch Crops to Offer Lucrative Opportunities

  • Based on feedstock, the global liquid biofuel market can be segmented into sugar crops, starch crops, vegetable oils, animal fats, and others. The starch crops segment constituted major share of the global liquid biofuel market in 2018. Starch-based feedstock includes grains such as corn or wheat; and tubers such as potatoes and cassava.
  • Starch crop is the primary feedstock for ethanol production. Most of the ethanol in North America is produced from corn, which is one of the lower-yield feedstock. Corn produces about 400 gallons of ethanol per acre. The U.S. Government subsidizes the production of corn. Therefore, many countries across the globe find it cheaper to import corn from the U.S.

North America Dominates Liquid Biofuel Market

  • North America dominated the global liquid biofuel market in 2018. The liquid biofuel market in the region is likely to expand at a significant pace during the forecast period, due to supportive government regulations. Under the Energy Independence and Security Act of 2007, the Renewable Fuel Standard mandates that 36 billion gallons per year (bg/y) of biofuels needs to be produced by 2022. North America produced around 40% of the global ethanol production in 2018.
  • The U.S. dominated the liquid biofuel market in North America in 2018. According to the 2019 U.S. Biodiesel Plant Production Capacity Report, 102 biodiesel plants are operational in the country with 2.6 billion gallons/year of biodiesel production capacity. More than half of the nation's biodiesel production capacity is in the Midwest region, led by states such as Iowa, Missouri, and Illinois.
  • In terms of revenue, Europe held vital share of the global liquid biofuel market in 2018. Implementation of stringent government regulations regarding the renewable energy targets is driving the liquid biofuel market in the region. Europe is the largest biodiesel producer and consumer in the world. The region produces around 35% of the global biodiesel production. Germany dominated the liquid biofuel market in Europe. The country is the largest producer of biodiesel in the region. It produced 3,100 million liters of biodiesel in 2018.
  • In terms of production, Latin America was the second-largest region of the global liquid biofuel market in 2018. The region produced 43 billion liters of liquid biofuel in 2018. Brazil is the major country of the liquid biofuel market in Latin America.
  • Middle East & Africa held minimal share of the global liquid biofuel market in 2018

Highly Competitive Liquid Biofuel Market

  • The global liquid biofuel market is highly fragmented, with the presence of large numbers of local, regional, and global players
  • Key players operating in the global liquid biofuel market are
    • Fulcrum BioEnergy
    • Archer Daniels Midland Company
    • RB FUELS
    • POET, LLC
    • Cargill
    • Incorporated
    • Bangchak Corporation Public Company Limited
    • Renewable Energy Group, Inc.
    • Bunge
    • Green Biologics Limited
    • CropEnergies AG
    • Algenol
    • Emami Agrotech Limited
    • Eniven Group
    • World Energy Alternatives LLC
    • Bio-Oils Energy

Liquid Biofuel Market - Scope of the Report

A latest study collated and published analyzes the historical and present-day scenario of the global liquid biofuel market to accurately gauge its future growth. The study presents detailed information about important growth factors, restraints, and key trends that are creating a landscape for future growth of the global liquid biofuel market, to identify new growth opportunities for stakeholders. The report also provides insightful information about how the global liquid biofuel market is expected to expand during the forecast period i.e. from 2019 to 2027.

The report offers intricate dynamics about different aspects of the global liquid biofuel market, which aid companies operating in the market in making strategic decisions. The study also elaborates on significant changes that are highly anticipated to configure the growth of the global liquid biofuel market during the forecast period. It also includes key indicator assessment that highlights growth prospects for the global liquid biofuel market and estimates statistics related to the market growth, in terms of volume (million liters) and value (US$ Mn).

This study covers detailed segmentation of the global liquid biofuel market, along with key information and a competition outlook. The report mentions company profiles of key players that are currently dominating the global liquid biofuel market, wherein various developments, expansions, and winning strategies practiced and implemented by leading players have been presented in detail.

Key Questions Answered in the Report on Liquid Biofuel Market

The report provides detailed information about the global liquid biofuel market on the basis of comprehensive research on various factors that are playing a key role in promoting growth of the market. Information mentioned in the report answers path-breaking questions for companies that are currently operating in the market and are finding innovative methods to create a unique benchmark in the global liquid biofuel market. This helps them in designing strategies and making target-driven decisions.

  • Which type segment would emerge as a revenue generator for the liquid biofuel market during the forecast period?
  • How are key market players successfully earning revenues in the competitive liquid biofuel market?
  • What would be the Y-o-Y growth trend of the liquid biofuel market between 2019 and 2027?
  • What are the winning imperatives of leading players operating in the liquid biofuel market?
  • Which application segment of the liquid biofuel market is likely to be highly attractive between 2019 and 2027?
  • Which regions are expected to provide growth opportunities to players operating in the liquid biofuel market during the forecast period?

Research Methodology - Liquid Biofuel Market

The research methodology adopted by analysts for compiling the report on the global liquid biofuel market is based on detailed primary as well as secondary research. With the help of in-depth insights of market-affiliated information obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global liquid biofuel market.

During the primary research phase, analysts have interviewed market stakeholders, investors, brand managers, vice presidents, and sales & marketing managers. On the basis of the data obtained through interviews, analysts have emphasized the changing scenario of the global liquid biofuel market.

For secondary research, analysts have scrutinized numerous annual reports, publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global liquid biofuel market.

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Table of Content
1. Preface

1.1. Report Scope and Market Segmentation

1.2. Research Highlights

2. Assumptions and Research Methodology

2.1. Report Assumptions

2.2. Secondary Sources and Acronyms Used

2.3. Research Methodology

3. Executive Summary

3.1. Market Snapshot

3.2. Top Trends

4. Market Overview

4.1. Introduction

4.2. Market Indicators

4.3. Drivers and Restraints Snapshot Analysis

4.3.1. Drivers

4.3.2. Restraints

4.3.3. Opportunities

4.4. Porter's Five Forces Analysis

4.4.1. Threat of Substitutes

4.4.2. Bargaining Power of Buyers

4.4.3. Bargaining Power of Suppliers

4.4.4. Threat of New Entrants

4.4.5. Degree of Competition

4.5. Value Chain Analysis

4.6. Regulatory Scenario

4.7. List of Potential Customers

5. Global Liquid Biofuel Market Analysis, by Type

5.1. Introduction

5.2. Key Findings

5.3. Global Liquid Biofuel Market Volume (Million Liters) and Value (US$ Mn) Analysis & Forecast, by Type, 2018-2027

5.3.1. Global Liquid Biofuel Market Volume (Million Liters) and Value (US$ Mn) Forecast, by Ethanol, 2018-2027

5.3.2. Global Liquid Biofuel Market Volume (Million Liters) and Value (US$ Mn) Forecast, by Biodiesel, 2018-2027

5.4. Global Liquid Biofuel Market Attractiveness Analysis, by Type

For more information about this report visit: Liquid Biofuel Market"

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