GLOBAL BIOFUELS & BIODIESEL MARKET FORECAST 2017-2024

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GLOBAL BIOFUELS & BIODIESEL MARKET FORECAST 2017-2024

The global biofuels (Bio Diesel) market is expected to grow from $140600 Million in 2016 to $210730 Million by 2024, at a CAGR of 5.4% between 2017 and 2024. The base year considered for the study is 2016 and the forecast period is between 2017 and 2024. Rigid environmental related rules and regulations encouraging the use of biofuels, and rising economic development are some of the major factors for global biofuels market growth.

GLOBAL BIOFUELS & BIODIESEL MARKET FORECAST 2017-2024

 

Biofuels & Biodiesel Market by Feedstock (Simple and Complex Lignocellulose, Syngas/biomass/MSW, Algae-based Biofuel, Sugar and Starches, Oils and Fats, Other Feedstock) by Type (Cellulosic Ethanol, Vegetable Oil, Biogas, Bio-alcohols, Biodiesel, Biobutanol, Bio DME, Others) by Geography 

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Global biofuels market is estimated to grow with approx. 5.4% CAGR during the year 2017-2024. Biofuels are the energy source which is made up of living microorganism, starch, and other livestock. Biofuels are also made from oil or tree seeds such as rapeseed, sunflower, soya, palm, coconut or jatropha. Biofuels account for two major types; bioethanol and biodiesel. The rising demand for biofuels is primarily driven by following factors:

  • Increasing availability of feedstocks
  • Government regulations supporting the adoption of bio-based fuel alternatives
  • Multiple applications for biofuels
  • Sustainability questions raised by UN and others

BioFuels Market by Inkwood Research

The important driver increasing growth in the global biofuels market is increasing the availability of feedstocks. Agricultural residues and crops are the key sources of feedstocks for power to replace fossil fuels. A large range of materials such as cellulosic crops, grasses and crop residue (e.g., sugar canes, switchgrass, and various tree species) are used for the manufacturing of biofuel. These products are used additionally to produce liquid fuels such as diesel fuel or ethanol.

The major feedstock available for the production of biofuel and biodiesel are lingo-cellulose, syngas/biomass/MSW, algae, sugar & starches, oil & fats and others. Cellulose is the most abundant form of feedstock that is easily available for the production of biofuel and biodiesel. Continuous researches are going on in various regions of the world to make biodiesel commercially available and to reduce the cost of production. Ligno-cellulose or the dry matter of the plants are available in abundant quality on earth and are considered as one of the most easily available raw material for the production of bio-fuel.

A major restraint of the global biodiesel and biofuel market is the retailing barrier, distribution, and development of biofuels which hinder the growth of the global biodiesel and biofuel market. Biofuel market cannot completely replace conventional fuels usage in the near- or even mid-term. The movement of fuel from production facility to the personal or commercial vehicle fuel tank requires investment in infrastructure for transport storage blending and retailing. These infrastructure requirements post several barriers to biofuel markets development.

The global biofuels market are segmented into feedstocks and by type of biofuels

Feedstocks are segmented into:

  • Simple and complex ligno-cellulose
  • Syngas/biomass/MSW
  • Algae-based biofuel
  • Sugar and starches
  • Oils and fats
  • Other feedstock

Type of biofuels are segmented into:

  • Cellulosic ethanol
  • Vegetable oil
  • Biogas
  • Bio-alcohols
  • Biodiesel
  • Biobutanol
  • Bio-DME
  • Others

The report scope is widely categorized on the basis of the type of feedstock used and type of biofuels available. Moreover, the market revenue estimates and forecast includes only biofuels and exclude the conventional fossil fuels.

Geographically, the global biofuels market has been segmented on the basis of four major regions, which includes:

  • North America – U.S. & Canada
  • Europe – UK, France, Germany, Spain, Italy, RoE
  • Asia-Pacific – China, India, Japan, RoAPAC
  • Rest of World – Latin America, MENA & Rest of Africa

Geographically, North America dominates the global biofuel market. The US is the leading producer and consumer of biofuel globally. Moreover, increasing initiatives from government and policies to promote consumption of bio-ethanol and access to tremendous feedstock, growing demand for substitutes for petrol and to increasing green-fuels consumption to minimize ill effects on the environment are the key motivators for the North America biofuel market. Asia Pacific is anticipated to grow fastest in the global biofuels market. Asia Pacific provides a great opportunity for biofuels manufacturing companies due to the availability of raw material, cheap labor force, a large number of end users, and an abundant amount of feedstock. Rising population has led to increased demand for energy which is the major factor. Apart from that increasing cost of fossil fuels and its products are some of the reasons for the growth of biofuels market in Asia-Pacific region.

The global biofuel market can be segregated on the basis of fuel type including cellulosic ethanol, vegetable oil, biodiesel, bio-alcohols, biogas, biobutanol, bio-DME, and various others. Amongst them, cellulosic ethanol holds the largest market share in 2016. Moreover, biobutanol is anticipated to be the fastest growing segment during the forecast period. Cellulose Ethanol refers to the ethanol that is produced from cellulose (the stringy fiber of the plant) rather than the fruit or from plant’s seeds. It is a biofuel produced from wood, algae, grasses or other plants. Cellulose can be produced from every living part of the earth, from giant redwood trees to single-celled algae. Biobutanol provides high energy content without compromising on fuel economy is a key feature which is responsible for boosting several automobile manufacturers to explore this option. Increasing demand for green paints and coatings is anticipated to positively influence the demand for biobutanol over the forecast period.

The major market players in the global biofuels market are:

  • DUPONT INDUSTRIAL BIOSCIENCES
  • GRANBIO
  • ALGENOL
  • POET-DSM ADVANCED BIOFUELS
  • RENEWABLE ENERGY GROUP
  • OTHERS

Although the market has fewer or no innovations, the players in the market are actively involving to get their hands on others production processes and product portfolios. To do so, they are participating with each other in various ways, like acquisition, mergers, and tie-ups etc. some of the recent examples of their strategies are Zeachem Inc., Biorefinery Company, and Leaf Resources Limited. AR Fuels signed the agreement with Bioworks Australia Pty Limited.

Key Findings of the global biofuels market.

  • Fluctuating petroleum prices driving biofuels demand
  • Strong raw material availability is fuelling growth in Brazil market
  • The market is rapidly shifting focus to second generation biofuels
  • Government encouraging development and use of biofuels
  1. RESEARCH SCOPE
    1. STUDY GOALS
    2. MARKET DEFINITION
    3. SCOPE OF THE MARKET STUDY
    4. WHO WILL FIND THIS REPORT USEFUL?
    5. STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    1. SOURCES OF DATA
      1. SECONDARY DATA
      2. PRIMARY DATA
    2. MARKET SIZE ESTIMATION
      1. BOTTOM-UP APPROACH
      2. TOP DOWN APPROACH
      3. DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    1. KEY FINDINGS
      1. FLUCTUATING PETROLEUM PRICES DRIVING BIOFUELS DEMAND
      2. STRONG RAW MATERIAL AVAILABILITY IS FUELLING GROWTH IN BRAZIL MARKET
      3. THE MARKET IS RAPIDLY SHIFTING FOCUS TO SECOND GENERATION BIOFUELS
      4. GOVERNMENT ENCOURAGING DEVELOPMENT AND USE OF BIOFUELS
  4. MARKET OVERVIEW
    1. KEY MARKET DRIVERS
      1. INCREASING AVAILIBITY OF FEEDSTOCKS
      2. GOVERNMENT REGULATIONS SUPPORTING THE ADOPTION OF BIO-BASED FUEL ALTERNATIVES
      3. MULTIPLE APPLICATIONS FOR BIOFUELS
      4. SUSTAINABITY QUESTIONS RAISED BY UN AND OTHERS
    2. MARKET RESTRAINTS
      1. VOLATILITY IN OIL PRICES
    3. MARKET OPPORTUNITIES
      1. RISING DEMAND OF BIO-DIESEL IN DEVELOPING REGIONS
      2. INCREASING FOCUS ON AFFORDABLE, RELIABLE AND SUSTAINABLE ENERGY
    4. MARKET CHALLENGES
      1. STRINGENT RULES AND REGULATIONS
      2. RISE IN COMPETITION AMONG KEY PLAYERS
  5. MARKET SEGMENTATION
    1. GLOBAL BIO-FUEL MARKET BY FEEDSTOCK
      1. SIMPLE AND COMPLEX LIGNOCELLULOSE
      2. SYNGAS/BIOMASS/MSW
      3. ALGAE-BASED BIOFUEL
      4. SUGAR AND STARCHES
      5. OILS AND FATS
      6. OTHER FEEDSTOCK
    2. GLOBAL BIO-FUEL MARKET BY TYPE
      1. CELLULOSIC ETHANOL
      2. VEGETABLE OIL
      3. BIOGAS
      4. BIO-ALCOHOLS
      5. BIODIESEL
      6. BIOBUTANOL
      7. BIO DME
      8. OTHERS
  6. KEY ANALYTICAL FINDINGS
    1. PORTER’S 5 FORCES ANALYSIS
      1. THREAT OF NEW ENTRANTS
      2. THREAT OF SUBSTITUTE PRODUCTS OR SERVICES
      3. BARGAINING POWER OF BUYERS
      4. BARGAINING POWER OF SUPPLIERS
      5. INTENSITY OF COMPETITIVE RIVALRY
    2. KEY MARKET INSIGHTS
      1. IMPORTANT EMERGING MARKETS
      2. IMPORTANT REVENUE GENERATING SEGMENTS
      3. APPLICATION INSIGHTS
    3. STRATEGIC CONCLUSION
    4. SECTOR ANALYSIS
  7. GEOGRAPHIC ANALYSIS
    1. NORTH AMERICA
      1. UNITED STATES (U.S.)
      2. CANADA
    2. EUROPE
      1. UNITED KINGDOM (UK)
      2. FRANCE
      3. GERMANY
      4. SPAIN
      5. ITALY
      6. ROE
    3. ASIA-PACIFIC
      1. INDIA
      2. CHINA
      3. JAPAN
      4. ROAPAC
    4. REST OF THE WORLD
      1. LATIN AMERICA
      2. MENA
      3. AFRICA
  8. COMPETITIVE LANDSCAPE
    1. MARKET SHARE ANALYSIS
      1. MARKET MOVES
      2. CASE STUDY; TOP COMPETITIVE MOVES
    2. KEY BUYING CRITERIA
    3. STRATEGIC RECOMMENDATION
    4. COMPANY PROFILES
      1. ABENGOA BIOENERGY
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC INITIATIVES
      2. ALGENOL BIOFUELS
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC INITIATIVES
      3. AUSTRALIAN RENEWABLES FUEL LIMITED
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC INITIATIVE
      4. AVENTINE RENEWABLE ENERGY HOLDINGS, INC.
        1. OVERVIEW
      5. BLUE FIRE RENEWABLES
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC MOVES
      6. CLARIANT SE
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC MOVES
      7. DUPONT INDUSTRIAL BIOSCIENCES
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC MOVES
      8. FIBERIGHT LLC
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC MOVES
      9. GRANBIO
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC MOVES
      10. INBICON
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC MOVES
      11. INEOS BIOS
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
      12. POET-DSM ADVANCED BIOFUELS LLC
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC MOVES
      13. RENEWABLE ENERGY GROUP
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC MOVES
      14. PETROBRAS
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC MOVES
      15. ZEACHEM INC.
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC MOVES

 

LIST OF TABLES

TABLE#1       GLOBAL BIOFUELS MARKET BY TYPES IN $ MILLION 2017-2024

TABLE#2       BRAZIL BIODIESEL PRODUCTION CAPACITY BY REGION IN 2015

TABLE#3       GLOBAL PRODUCTION OF LIQUID BIOFUELS (BILLION LITERS)

TABLE#4       MAJOR TARGETS FOR BIOBASED INDUSTRY

TABLE#5       GLOBAL BIOFUEL MARKET BY FEEDSTOCK MARKET 2017-2024 ($MILLION)

TABLE#6       MOISTURE CONTENT OF POTENTIALLY AVAILABLE LIGNOCELLULOSIC BIOMASS AVAILABLE IN US (DRY TON/ACRE)

TABLE#7       GLOBAL LIGNOCELLULOSE BIOFUEL MARKET BY GEOGRAPHY 2017-2024 ($ MILLION)

TABLE#8       GLOBAL SYNGAS/BIOMASS/MSW BIOFUEL FEEDSTOCK MARKET BY GEOGRAPHY 2017-2024 ($MILLION)

TABLE#9       AMOUNT OF OIL PRODUCED BY EACH STRAIN OF ALGAE BY DRY WEIGHT

TABLE#10     GLOBAL ALGAE MARKET 2017-2024, BY REGION ($MILLION)

TABLE#11     GLOBAL SUGAR AND STARCHES BASED BIOFUEL MARKET 2017-2024, BY REGION ($MILLION)

TABLE#12     GLOBAL OILS AND FATS BASED BIOFUELMARKET 2017-2024, BY REGION ($MILLION)

TABLE#13     GLOBAL OILS AND FATS BASED BIOFUELMARKET 2017-2024, BY REGION ($MILLION)

TABLE#14     GLOBAL BIOFUEL MARKET BY TYPE 2017 -2024 ($MILLION)

TABLE#15     GLOBAL CELLULOSIC ETHANOL MARKET BY REGION 2017-2024 ($ MILLION)

TABLE#16     GLOBAL VEGETABLE OIL MARKET BY GEOGRAPHY 2017-2024 ($MILLION)

TABLE#17     ENERGY CONTENT IN COMPARISON TO OTHER FUELS

TABLE#18     GLOBAL BIOGAS MARKET 2017 -2024, BY REGION ($MILLION)

TABLE#19     GLOBAL BIOALCOHOL MARKET 2017-2024, BY REGION ($MILLION)

TABLE#20     MAJOR FEEDSTOCK FOR BIODIESEL BY REGION

TABLE#21     GLOBAL BIODIESEL MARKET, BY REGION ($MILLION)

TABLE#22     GLOBAL BUTANOL MARKET 2017-2024, BY REGION ($MILLION)

TABLE#23     GLOBAL BIO DME MARKET 2017-2024, BY REGION ($MILLION)

TABLE#24     GLOBAL OTHERS MARKET 2017-2024, BY REGION ($MILLION)

TABLE#25     TOP COUNTRIES WITH THEIR GROWTH RATE

TABLE#26     REVENUE GENERATION FROM DIFFERENT SEGMENTS 2017-2024 ($BILLION)

TABLE#27     NORTH AMERICA BIOFUEL MARKET BY COUNTRY 2017-2024 ($MILLION)

TABLE#28     INCENTIVE RATE PROVIDED BY GOVERNMENT OF CANADA FOR BIOFUEL PRODUCTION

TABLE#29     EUROPE BIOFUEL MARKET BY COUNTRY, 2017-2024 ($MILLION)

TABLE#30     ASIA-PACIFIC BIOFUEL MARKET BY COUNTRY 2017-2024 ($MILLION)

TABLE#31     KEY SUPPLIERS OF BIODIESEL TO JAPAN

TABLE#32     REST OF THE WORLD BIOFUEL MARKET BY COUNTRY 2017-2024 ($MILLION)

TABLE#33     BIOFUEL INDUSTRY IN AFRICA

TABLE#34     STRATEGIC MOVES

 

LIST OF FIGURES

FIGURE#1    KEY DATA FROM SECONDARY SOURCES

FIGURE#2    KEY DATA FROM PRIMARY SOURCES

FIGURE#3    GROSS ENERGY CONSUMPTION OF BIOENERGY 2004-2014

FIGURE#4    COUNTRYWISE BIOENERGY CONSUMPTION 2015

FIGURE#5    U.S. BIOFUEL CONSUMPTION (IN TRILLION BRITISH THERMAL UNIT)

FIGURE#6    BIO-DIESEL PRODUCTION IN KEY COUNTRIES IN 2016 (IN BILLION LITERS)

FIGURE#7    WORLD’S LARGEST BIO-DIESEL PRODUCING COUNTRIES IN 2015 (IN BILLION LITERS)

FIGURE#8    PRODUCTION OF CELLULOSIC BIOMASS

FIGURE#9    SOLID WASTE PERCENTAGE IN MSW

FIGURE#10  USAGE OF ALGAE COMPONENTS

FIGURE#11  PRODUCTION OF BIOFUEL FROM ALGAE

FIGURE#12  ADVANTAGES AND DISADVANTAGES OF ALGAE

FIGURE#13  PERCENTAGE DISTRIBUTION OF MAJOR FEEDSTOCK FOR BIO-FUEL PRODUCTION IN EUROPE, 2013

FIGURE#14  PERCENTAGE DISTRIBUTION OF MAJOR FEEDSTOCK FOR BIO-FUEL PRODUCTION IN EUROPE, 2013

FIGURE#15  ADVANTAGES AND DISADVANTAGES OF ANIMAL FATS FOR THE PRODUCTION OF BIO-DIESEL

FIGURE#16  REGIONAL DISTRIBUTION OF WORLD ETHANOL PRODUCTION 2024

FIGURE#17  MAJOR BIOMASS FEEDSTOCK USED FOR THE PRODUCTION OF BIOFUELS

FIGURE#18  NUMBER OF BIOGAS PLANTS AND TOTAL INSTALLED CAPACITY (MW) IN EUROPE

FIGURE#19  LARGEST BIOETHANOL PRODUCING COUNTRIES IN 2015 (BILLION LITERS)

FIGURE#20  PERCENTAGE DISTRIBUTION OF MAJOR FEEDSTOCK FOR BIO-FUEL PRODUCTION IN EUROPE, 2013

FIGURE#21  MAJOR BIODIESEL FEEDSTOCK IN 2014

FIGURE#22  REGIONAL DISTRIBUTION OF WORLD BIODIESEL PRODUCTION AND USE IN 2014

FIGURE#23  PRODUCTION OF BIODIESEL 2014-2016

FIGURE#24  ENERGY DENSITY OF BIOETHER AND BIODIESEL (MJ/KG)

FIGURE#25  ENERGY DENSITY OF SOLID BIOFUELS

FIGURE#26  BIOFUELS MARKET: PORTER’S MODEL

FIGURE#27  GROSS BIOENERGY CONSUMPTION 2015

FIGURE#28  TOP 10 BIOETHANOL PRODUCERS, IN 2015

FIGURE#29  ENERGY SUPPLY SOURCES BIOMASS

FIGURE#30  TECHNICAL POTENTIAL OF BIO-FUELS IN 2050 AND ENERGY DEMAND FOR THE TRANSPORT SECTOR IN 2030

FIGURE#31  CORN, SUGARCANE, SUGARBEET PRODUCTION IN U.S. (MILLION TONS)

FIGURE#32  U.S. ANNUAL PRODUCTION OF ETHANOL AND BIODIESEL (BILLION GALLONS PER YEAR)

FIGURE#33  CONSUMPTION OF LIQUID BIOFUEL BY UK TRANSPORTATION INDUSTRY 2013-2014 (BILLION LITERS)

FIGURE#34  CONSUMPTION OF LIQUID BIOFUEL BY UK TRANSPORTATION INDUSTRY 2013-2014 (BILLION LITERS)

FIGURE#35  ENERGY SUPPLY FROM RENEWABLE SOURCES IN GERMANY, 2015

FIGURE#36  IMPORT AND EXPORT OF BIODIESEL IN GERMANY 2015 (MILLION TONS)

FIGURE#37  ITALIAN BIODIESEL PRODUCTION BYFEEDSTOCK IN 2014

FIGURE#38  ITALIAN ETHANOL PRODUCTION BY FEEDSTOCK IN 2014

FIGURE#39  BIODIESEL PRODUCTION CHINA

FIGURE#40  BRAZIL ENERGY CONSUMPTION 2015

FIGURE#41  BIO-ETHANOL PRODUCTION IN BRAZIL 2014 & 2016 (BILLION LITERS)

FIGURE#42  BIOFUEL PRODUCTION FORECAST IN AFRICA UPTO 2035 (MILLION METRIC TONNES)

FIGURE#43  MARKET SHARE 2015

  1. GLOBAL BIO-FUEL MARKET BY FEEDSTOCK
    1. SIMPLE AND COMPLEX LIGNOCELLULOSE
    2. SYNGAS/BIOMASS/MSW
    3. ALGAE-BASED BIOFUEL
    4. SUGAR AND STARCHES
    5. OILS AND FATS
    6. OTHER FEEDSTOCK
  2. GLOBAL BIO-FUEL MARKET BY TYPE
    1. CELLULOSIC ETHANOL
    2. VEGETABLE OIL
    3. BIOGAS
    4. BIO-ALCOHOLS
    5. BIODIESEL
    6. BIOBUTANOL
    7. BIO DME
    8. OTHERS
  3. GEOGRAPHIC ANALYSIS
    1. NORTH AMERICA
      1. U.S.
      2. CANADA
    2. EUROPE
      1. UK
      2. FRANCE
      3. GERMANY
      4. SPAIN
      5. ITALY
      6. ROE
    3. ASIA-PACIFIC
      1. INDIA
      2. CHINA
      3. JAPAN
      4. ROAPAC
    4. REST OF THE WORLD
      1. LATIN AMERICA
      2. MENA
      3. AFRICA

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