Global Advanced Biofuel Market Size was valued nearly USD 8.64 billion in 2016 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 41.8% during the forecast period that is 2017-2025. This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global advanced biofuel market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global advanced biofuel market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.    

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

Advanced biofuels are made from lignocellulosic biomass, such as woody crops, crop residues, energy grasses, or algae among others. According to the International Energy Agency (IEA), advanced biofuels are produced from cellulose, hemicellulose or lignin. The development of advanced biofuel is due to various problems associated with traditional biofuels and greenhouse gas emissions through various sources such as nuclear waste, unstable and fluctuating foreign fuel sources such as landfill gas, coal among others and fossil fuel. Various technological advancement and programs by United Nations Conference on Trade and Development (UNCTAD) has helped with the production of advanced biofuel in commercial scale, which is expected to provide market opportunity with the use of biomass. According to U.S. Energy Information Administration (EIA), in 2016, advanced biofuel produced from non-food crops such as wood, waste biomass, or agricultural waste helps to minimize 90% of greenhouse gas emissions. Owing to these factors the advanced biofuel market size is expected to gain major traction during the forecast period.

Market Analysis

According to the UNCTAD, Advanced biofuel advancement could be highly seen by the end of 2015 due to various factors such as de-carbonization of specific sectors of the economy such as transport, and also providing countries dependent on oil imports with an alternative to create new opportunities and enhance its energy security. Government initiatives in North America and Europe such as the Renewable Fuel Standards (RFS) in the U.S. and other financial initiatives has driven various manufacturers towards the adoption and production of advanced biofuels. Some of the major restraints in the advanced biofuel market are process cost, feedstock cost, and high initial capital investment among others.

Advanced biofuel are mainly developed to outrun the disadvantages from first-generation fuels such as bio-alcohols, biodiesel, vegetable oil, syngas, and biogas coupled with its negative environmental effects. According to the California Air Resources Board (CARB), liquid biofuels are produced from sources which are non-petroleum and reduce carbon amount in comparison to petroleum based fuel. The advanced biofuel market size is expected to grow due to increase in renewable sources and government support. For Instance, the Advanced Biofuels Investment Readiness (ABIR) program was launched by the Australian Government with an investment of US$ 10 million, which was used for the development of advanced biofuels and in projects such as high-energy algal fuels project by the James Cook University. Owing to these factor the advanced biofuel market share is expected to grow during the forecast period.

Regional Acumens:

The global advanced biofuel market is divided into regions that are North America - U.S, Canada, Other) (Asia-Pacific -India, Japan, China, Australia, Other) (Europe - UK, Russia, France, Brazil, Other) (Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America is expected to be the largest market for the global advanced biofuel market during the forecast period. According to UNCTAD, in 2015, 400 million litres of biofuels corresponds to Renewable Volume Obligations (RVOs) with a utilization rate of 25%. According to United States Energy Information Agency, in 2015, 115 commercial facilities were identified to be working on advanced biofuels in the United States which accumulates to a capacity of 1.37 billion litres of advanced biofuels. Some of these companies are EcoSynthetix, NatureWorks LLC, and Aemetis Inc among others. Owing to these factors North America is expected to have a lion’s share in the global advanced biofuel market, and Europe as the second largest during the forecast period.

Global Advanced Biofuel Market Size, Share Analysis By Region 2017

Global Advanced Biofuel Market Study Objective

1. To forecast the market size of advanced biofuel market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of advanced biofuel market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of advanced biofuel market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of advanced biofuel market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the advanced biofuel market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of advanced biofuel market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of advanced biofuel market commercially.

Major Players:

Various expansions of manufacturing units is expected to propel the advanced biofuels market. For instance, POET-DSM Advanced Biofuels Llc, has planned its manufacturing units over Emmetsburg, Iowa, in 2017, for the expansion of its enzyme manufacturing facility. Key players operating in the field of advanced biofuel market include Oberon Fuels, Sundrop Fuels, Inc, POET-DSM Advanced Biofuels Llc, and DuPont Industrial Bioscience among others.

Global Advanced Biofuel Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.