Latin America Biofuels Market is Expected to Increase around US$ Mn by 2025, Due to Increased Application of Biofuels in Transport and Power Generation

Latin America Biofuels Market is Expected to Increase around US$ Mn by 2025, Due to Increased Application of Biofuels in Transport and Power Generation

“The Latin America Biofuels Market is anticipated to reach about US$ Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to increased application in transport and power generation.

Precision Business Insights (PBI) in its report titled “Latin America Biofuels Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

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The Latin America biofuels market size was accounted for US$ Mn in 2018 and anticipated to account for US$ Mn by 2025. Biodiesel used as replacements for transportation fuels like petroleum, diesel and jet fuel will create a demand for the growth of Latin America biofuels market. However, factors such as exhausting fossil fuels, growing Latin America population, and stringent environmental policies are stoking the growth of the market.

Latin America biofuels market segmented on the basis of type, application and end user.

Biodiesel Segment Expected to Dominate the Market

Based on type, the Latin America biofuel market is segmented into biodiesel and bioethanol. Biodiesel segment is expected to dominate the market due to increasing environmental concerns and the need for energy independence. Biodiesel can be produced using various feedstocks and can be used in diesel vehicles without any modification to the engine.

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Brazil, Accounts for Major Revenue Share for Latin America Biofuels Market

Precision Business Insights (PBI), Latin America biofuels market report analyses the market in different countries of Latin America. Brazil biofuels market has lucrative growth attributed to driving factors like availability of feedstock, the government’s law to support the approval of bio-based fuel alternatives and multiple uses of biofuels are likely to spur the biofuels market. Latin American countries have initiated to consider the production of biofuels for their own domestic markets, as well as for exports to the Latin America market. These factors, in turn, are likely to accelerate the biofuels market in the Latin America.

Strategic Collaboration Play Vital Role in Latin America Biofuels Market

Market strategies such as collaboration play an important role in the development of the market. For instance, In February 2016, Renewable Energy Group Inc. (Biofuel producer in U.S) has signed an agreement with Sanimax Energy, which is a U.S based company for acquiring its 20 million gallon nameplate capacity biodiesel refinery.

Key players in the market Aceites Manuelita S.A, Abengoa Bioenergy, Bajaj Hindustan Ltd, Archer Daniels Midland Company, Beckons Industries Ltd, BlueFire Ethanol Fuels Inc, Imperium Renewables, Inc, Renewable Energy Group Inc, Bangchak Petroleum Public Company Ltd, Solazyme Inc, Edmonton, Cosan S.A. Industria E Comrcio.

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Detailed Segmentation

By Type

o Bioethanol
o Biodiesel

By Application

o Solid (Biocoal, Biochar)
o Fuel Pellets Liquid (Biodiesel and Bioethanol)
o Gaseous (Biogas, Biopropane, and Syngas)

By Distribution Channel

o Hospitals
o Clinics
o Ambulatory Surgical Centers
o Others

Geography

o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America

Get Full Summary @ https://precisionbusinessinsights.com/market-reports/latin-america-biofuels-market/

About Precision Business Insights:
Precision Business Insights is one of the leading market research and business consulting firm, which follow a holistic approach to solve needs of the clients. We adopt and implement proven research methodologies to achieve better results. We help our clients by providing actionable insights and strategies to make better decisions. We provide consulting, syndicated and customised market research services based on our client needs.
Contact to Precision Business Insights:
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152 – 160 City Road,
London EC1V 2NX
Email: sales@precisionbusinessinsights.com
Toll Free (US):+1-866-598-1553
Website @ https://www.precisionbusinessinsights.com

About Precision Business Insights:
Precision Business Insights is one of the leading market research and business consulting firm, which follow a holistic approach to solve needs of the clients. We adopt and implement proven research methodologies to achieve better results. We help our clients by providing actionable insights and strategies to make better decisions. We provide consulting, syndicated and customised market research services based on our client needs.
Contact to Precision Business Insights:
Kemp House,
152 – 160 City Road,
London EC1V 2NX
Email: sales@precisionbusinessinsights.com
Toll Free (US):+1-866-598-1553
Website @ https://www.precisionbusinessinsights.com

Precision Business Insights,

Kemp House,
152 – 160 City Road,
London EC1V 2NX

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