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Biofuel Market Size 2021, Share, Growth, Trends, Drivers, Restraints, Opportunities, and Global Industry Analysis 2027

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ReportCrux Market Research
Biofuel Market Size 2021, Share, Growth, Trends, Drivers, Restraints, Opportunities, and Global Industry Analysis 2027

Biofuel Market Size

Biofuel Market is estimated to grow from USD 134.27 Billion in 2019 to reach USD 255.02 Billion by 2027, at a CAGR of 8.4% during the forecast period from 2020-2027.

In terms of volume, biofuel consumption volume was 192.19 Billion Liters in 2019 and is expected to reach value of 357.60 Billion Liters by end of 2027.

Biofuel market growth is driven by factors such as increasing use of biofuel amid rising environmental concerns, increasing need to reduce greenhouse gases emissions, increasing and volatile crude oil prices, increasing demand from transportation sector and government support for use of biofuels through various programs, mandates and regulations.

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Biofuel companies

Here are 14 of the best Biofuel companies analysis

• Abengoa Bioenergia SA

• Aceites Manuelita Sa

• Archer Daniels Midland (ADM)

• Aventine Renewable Energy Holdings, Inc.

• Bajaj Hindusthan Ltd.

• Bangchak Petroleum Public Company Ltd.

• Beckons Industries Ltd.

• BioWanze SA

• Poet, Llc

• Flint Hills Resources

• Raizen S.A.

• The Andersons, Inc.

• Copersucar S.A.

• Bluefire Ethanol Fuels, Inc. among others.

Market Overview

The market report covers a basic overview of the market from the industry perspective. This will help the reader to get a gist about different industry dimensions from a manufacturer’s view. The report divides the market into different sections and is comprised of market revenue (value) by segments.
 
The report provides market data from 2016 till 2027, wherein, 2016 to 2018 will be historic years, 2019 would be the base year and 2020 to 2027 will be forecast years. The report provides different statistics and figures and charts that will help analyze trends and global Biofuel market share along with its growth rate in different regions and countries.
Key players across the globe are profiled in the report along with its company landscaping. Product portfolio for each company, recent developments and company strategies are covered along with the company financials.

Segmental and Geographic Analysis

The report describes in detail market segmentation by dividing the market based on its Biofuel Type, Generation, Feedstock, Application and region and is analyzed from 2016 to 2027 by value and volume. All the segments are evaluated by taking into consideration the historic and future trends. All the segments with the dominating & fastest growing sub-segments and the factors responsible for the same are studied and are mentioned in the report.
 
Evident quantitative as well as qualitative insights about the segments are covered in the report along with forecast analysis of all the segments that expected to alter the market in the future are described in detail. The segmental analysis also highlights details about different aspects that will influence the market.
 
Based on the Biofuel Type, the global market is segmented into Bioethanol, Biobutanol, Biodiesel and Others. Based on the Generation, the global market is segmented into First Generation, Second Generation and Third Generation. Based on the Feedstock, the global market is segmented into Starch, Lignocelluloses, Sugar, Plant Oil and Animal Fats and Others. Based on the Application, the global market is segmented into Agriculture, Automotive, Power Generation, Mining and Others. Trend analysis for all the segments is provided in detail in the report.
Market is divided regionally and by country level into North America (U.S. Canada & Rest of North America), Europe (U.K., Germany, France, Italy, Spain, Russia & Rest of Europe), Asia Pacific (China, Japan, India, Australia, Southeast Asia & Rest of Asia Pacific), Latin America (Brazil, Mexico & Rest of Latin America) and Middle East and Africa (Saudi Arabia, South Africa, UAE & Rest of Middle East and Africa).
 
The report gives the pursuer the complete idea and understanding of the market and the regional and country level value and volume scenario and essentials for the industry. Current market insights on the regional level are studied and centered while market estimation, thus giving the reader a specialized idea & plans, financial as well as recent market advancements globally.

Biofuel Market Segmentation

The market segments are as follows:
By Biofuel Type
• Bioethanol
• Biobutanol
• Biodiesel
• Others
 
By Generation
• First Generation
• Second Generation
• Third Generation
 
By Feedstock
• Starch
o Corn
o Wheat
o Barley
o Others
• Lignocelluloses
• Sugar
• Plant Oil and Animal Fats
• Others
 
By Application
• Agriculture
• Automotive
• Power Generation
• Mining
• Others
 
By Region
• North America
• Latin America
• Europe
• Asia-Pacific
• Middle-East & Africa
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