Biofuels Market Revenue Poised for Significant Growth During the Forecast Period of 2020-2027
Growing environmental awareness and increasing government supportive policies and initiatives regarding the adoption of biofuels are driving the demand of the market.
The global Biofuels Market is expected to reach USD 247.38 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed to the growing environmental awareness among consumers and increasing government supportive policies and initiatives regarding the adoption of biofuels to reduce the emission levels of carbon dioxide in the environment. Advancing research and development for the production of cost-effective biofuels is augmenting the demand for the industry.
The Global Biofuels Market Research Report 2020 offers an extensive evaluation of the industry to present the readers with insightful data to help them gain a competitive edge over other players by capitalizing on the lucrative growth opportunities and understanding the critical elements of the market.
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The report emphasizes the demands and trends for the Biofuels market in the global market, more importantly, in the market that is spread across the major regions of the country. The Biofuels market is further segmented on the basis of product types offered in the market, application spectrum, leading manufacturers/companies, and key geographical regions.
Major Geographies Analyzed in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report further sheds light on strategic initiatives and business expansion plans undertaken by the key companies operating in the Biofuels industry. The report assesses the strategies such as mergers and acquisitions, government and corporate deals, partnerships and collaborations, joint ventures, brand promotions, and product launches, among others.
Key participants include Archer Daniels Midland Company, Abengoa Bioenergy, Petrobras, Green Plains, Valero Energy Corporation, Bajaj Hindusthan Ltd, Renewable Energy Group, Inc., Royal Dutch Shell, POET, LLC, and Pacific Ethanol, Inc., among others.
Key Highlights From The Report
- Ethanol dominated the market with a share of 61.5% in 2019 due to its higher efficiencies and lower emission levels of carbon dioxide.
- The huge demand for corn for the production of biofuels is mainly due to its larger availability and lower price. Excessive usage of corn all across the world is leading to the scarcity of the food products made from corn.
- The increasing demand for liquid biofuel is mainly due to its growing usage in the transportation sector, mostly the aviation segment.
To conclude everything stated above, the report offers a panoramic view of the Biofuels market in both the global and regional markets, supported by key statistical data and industry-verified facts. It offers a thorough examination of the size, share, and market volume of the Biofuels industry to forecast the same evaluations until 2028.
Significant Features of the Biofuels Market Report:
- Extensive competitive landscape analysis to offer the readers key insights into driving and restraining factors along with strategies adopted by the key players
- Assessment of the existing and emerging trends of the business sphere
- Detailed analysis of the emerging growth opportunities and threats and limitations the players might face in the coming years
- Significant breakdown of the market to assess the factors that might influence the global market growth
The Biofuels report further analyses the companies in detail to offer a comprehensive overview of the market share and size they hold in the business sphere. The Biofuels market size estimation and forecasts detailed in this report are based on a thorough research methodology and are tailored according to the different conditions that create the demand for the global market.
Emergen Research has segmented the global Biofuels Market on the basis of Product type, feedstock, form, and region:
- Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Feedstock Outlook (Revenue, USD Billion; 2017-2027)
- Vegetable Oils
- Form Outlook (Revenue, USD Billion; 2017-2027)
- Liquid Biofuel
- Solid Biofuel
- Gaseous Biofuel
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