Global Biofuels Market Analysis and Forecasts 2017-2023 - Policy Mandates Propelling the $132.67 Billion Market for Biofuels

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26 Jul, 2017, 16:45 GMT

DUBLIN, July 26, 2017 /PRNewswire/ --

The "Global Biofuels Market - Analysis and Forecast: 2017-2023 (Focus On: First Generation Solid, Liquid and Gaseous Biofuels, Applications Such as Transportation, Heating and Electricity Generation)" report has been added to Research and Markets' offering.

Global biofuels market is anticipated to grow to $132.67 billion by 2023. It is expected to be mainly driven by environmental impact, increasing population coupled with increase in energy demand, and climatic concerns which will act as key drivers for the growth of this market.

Global biofuels market for first generation biofuels is an established billion dollar industry. Factors such as depleting fossil fuels and increasing energy demand, policy mandates and climate change mitigation among others are key indicators driving the growth of the market. It is anticipated that population will grow in the Asia Pacific and African regions at a faster rate coupled with rapid urbanization. Currently, urban population accounts for 54% in 2015 globally which is expected to reach approximately 58% in 2025. This single fact clearly indicates that that there will be an increase in the energy demand, which will eventually drive the demand for biofuels.

Liquid biofuels accounted for a major market share in comparison to other biofuel forms in terms of value. It accounted for 73% share in total biofuel market in 2016. Liquid biofuels and solid biofuels are expected to witness high growth in developing nations in the future as increase in GDP and population of the nations will promote industrialization, leading to surge in energy demand.

Transportation application held a major share in terms of market value in 2016 among all the mentioned application types.  In the coming future, heating application is expected to be the fastest growing application among all the other applications owing to its increased use expected in developing and non-developed economies, and cost effectiveness, among others.

Europe dominated the global biofuels market in 2016 and accounted for 36.18% of the global biofuels market. Furthermore, Asia Pacific is expected to be the fastest growing region for biofuels market due to rise in population in the APAC region, which is expected to increase the demand for energy in this region. Moreover, it comprises of more than half of the total developing economies such as China and India present globally, which are responsible for producing large volumes of greenhouse gases.

Key Topics Covered:

Executive Summary

1 Research Scope and Methodology

1.1 Scope of the Report

1.2 Global Biofuels Market Research Methodology

1.2.1 Primary Data Sources

1.2.2 Secondary Data Sources

1.3 Assumptions and Limitations for Market Estimation and Forecasting

1.3.1 Assumptions

1.3.2 Limitations

2 Market Dynamics

2.1 Market Drivers

2.1.1 Environmental Pollution, Public Health Concern and Climate Change Mitigation

2.1.2 Increasing Energy Security

2.1.3 Policy Mandates Propelling the Market for Biofuels

2.2 Market Constraints

2.2.1 Financial Barriers Restraining the Market for Biofuels

2.2.2 Policy Uncertainty Losing Attraction of Investors

2.2.3 Price Parity With the Fossil Fuels

2.2.4 Feedstock Supply and Uncertainty in Prices

2.3 Market Opportunity

2.3.1 Advanced Biofuels and Technologies Associated with its Production

2.3.2 Public Private Partnerships

3 Competitive Landscape

3.1 Key Market Strategies and Developments

3.1.1 Mergers and Acquisitions

3.1.2 Contracts, Collaborations, Partnerships, Agreements and Joint Ventures

3.1.3 Business Expansions

3.1.4 Product Launches and Development

3.1.5 Awards

3.2 Industry Attractiveness

4 Industry Analysis

4.1 Regulatory Bodies

4.2 Associations/Consortiums

4.3 Patent Analysis

4.4 Supply and Value Chain of Biofuels Market

5 The Global Biofuels Market, Analysis & Forecast

5.1 Assumptions and Limitations for Analysis and Forecast of the Global Biofuels Market

5.2 Market Overview

5.3 The Global Biofuels Market by Product Type

5.3.1 Liquid Biofuels

5.3.1.1 Ethanol

5.3.1.2 Biodiesel

5.3.1.3 Hydrogenated Vegetable Oil (HVO)

5.3.2 Gaseous Biofuels

5.3.2.1 Biogas

5.3.3 Solid biofuels

5.3.3.1 Wood briquettes and pellets

5.3.3.2 Biocoal/Torrefied Wood

5.4 The Global Biofuels Market by Application Type

5.4.1 Transportation

5.4.2 Electricity Generation

5.4.3 Heat Generation

5.5 The Global Biofuels Market by Geography

5.5.1 North America

5.5.2 Europe

5.5.3 Asia Pacific

5.5.4 Rest of the World (RoW)

6 Company Profiles

  • Abengoa Bioenergy
  • Adamant BioNRG Srl
  • Andersons Inc
  • Archer Daniel Midland (ADM)
  • BTG Group
  • Bunge Limited
  • Cargill Incorporated
  • EI Du Pont De Nemours And Company
  • Energy Visions Japan Co Ltd
  • Enerkem
  • Future Fuel Corporation
  • GHP Biodiesel
  • Green Plain Renewable
  • ICM Inc
  • IncBio
  • Lanzatech
  • Louis Dreyfus Company
  • Neste Oil
  • Novozymes
  • POET, LLC
  • Renewable Energy Group
  • Royal DSM
  • ST biofuels
  • Wilmar International Limited

For more information about this report visit https://www.researchandmarkets.com/research/gs35jw/global_biofuels

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