openPR Logo
Press release

Bio LPG Market is Expected to Reach US$1,020.32 Mn, Globally, by 2025 at 47% CAGR : Fairfield Market Research

07-02-2021 08:07 AM CET | Energy & Environment

Press release from: Fairfield Market Research

Bio LPG Market is Expected to Reach US$1,020.32 Mn, Globally,

The global Bio LPG demand is expected to rise during the forecast period as it is an ideal energy solution that helps in reducing the emissions of CO2 by 80%. Consumers are increasingly adopting it as it is derived from plant and vegetable residues and municipal waste. A recent report published by Fairfield Market Research predicts that the global Bio LPG market is expected to reach US$1,020.32 Mn by 2025 from US$153.71Mn in 2019. The global market is expected to witness a rise of CAGR 47% during the forecast period of 2020 to 2025.

Get Sample Copy of this Report (Including Full TOC, List of Tables & Figures): https://www.fairfieldmarketresearch.com/report/bio-lpg-market/

Higher Affordability of Bio LPG will Fuel its Demand during Forecast Period

The rise in demand for sustainable and alternative choices will boost the demand for Bio LPG globally. Increasing awareness about carbon impact is encouraging consumers to switch from traditional high carbon energy sources to cleaner alternatives such as Bio LPG. High demand for LPG for heating, cooking, and vehicular fuel is expected to offer the global Bio LPG market lucrative opportunities.

Also known as biopropane, Bio LPG is made from crop and waste feedstocks, which are readily available. This makes the energy solution an accessible possibility. It is known to reduce 80% of CO2 emission along with 100% ability to blend in with LPG, thus eliminating the need for a separate supply chain. These factors are known to boost the uptake of Bio LPG globally.

Harnessing Municipal Waste and Cellulosic Organic Waste to Increase Bio LPG Yield

The bio-oil segment is expected to lead the global market as it represents 100% of the feedstock market share. However, it remains the bare minimum yield.

Analysts anticipate that players will focus on deriving Bio LPG from other feedstocks such as cellulosic organic waste and municipal waste, which are readily available. If these are harnessed to their maximum potential, Bio LPG could be easily produced and distributed, reducing the pressure of pollution created by conventional fuels. Furthermore, their sheer volume could generate a higher yield as compared to the amount derived from bio-oil feedstocks.

In Order to place the Purchase Query Click Here: sales@fairfieldmarketresearch.com

Europe Expected to Lead the Global Market as Players find Government Support

Europe produces more than 90% of the global Bio LPG and is expected to continue to build on this in the coming years. Commitment to reduce carbon emissions is expected to keep this region at the forefront. Strong presence of key players such as Neste, Eni, Total, and Preem AB in Europe is also expected to give this regional market an edge over others.

As Europe makes a rapid transition towards replacing conventional LPG with Bio LPG, the demand for this is expected to soar exponentially. Several companies across the region are redefining their renewable targets, which is expected to contribute to market growth. Additionally, builders focussed on reducing the carbon footprint of heating mechanisms will rely on Bio LPG, which can be seamlessly used via conventional LPG pipelines and equipment. All of these factors are expected to keep the Europe Bio LPG market in the lead during the forecast period.

Bio LPG Market Press Release: https://www.fairfieldmarketresearch.com/bio-lpg-blends-derived-from-feedstock-standout-as-conventional-lpg-substitute-new-study/

Key Players Focus on Expanding Facilities to Stay Ahead of Bio LPG Demand

The key players are focusing on expanding their Bio LPG facilities to cater for the rising demand. For instance, Repsol announced on October 22, 2020 that it will build its first low emission advanced biofuel plant in Spain. This refinery in Cartagena will be operational from 2023 and will generate advanced biofuels from recycled raw materials used in cars, trucks and aircrafts. This will likely help in reducing carbon dioxide emission by 900,000 tons each year.

La-Roche-Posay is the first to use Bio LPG in its industrial site in France in 2018. In 2005, La-Roche-Posay’s site was producing 192 tCO2 each year which was later reduced to zero in 2019 owing to Bio LPG being the final step towards carbon neutrality. The company was committed to reducing its global carbon footprint by 60% in 2020.

The key players operating in the global Bio LPG market are Diamond Green Diesel, Global Bioenergies, Irving Oil, AvantiGas, Renewable Energy Group, Inc., Preem AB, SHV Energy, Eni, Total, and Neste.

Browse Our Latest Reports: https://www.fairfieldmarketresearch.com/shop/

Contact
Fairfield Market Research
London, UK
UK +44 (0)20 30025888
USA +1 (844) 3829746 (Toll-free)
Email: mail@fairfieldmarketresearch.com
Follow us on LinkedIn: https://bit.ly/3voYIm9

About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Bio LPG Market is Expected to Reach US$1,020.32 Mn, Globally, by 2025 at 47% CAGR : Fairfield Market Research here

News-ID: 2319617 • Views:

More Releases from Fairfield Market Research

Soaring Uptake by Dietary Supplements Industry to Favour Omega 3 Market Growth, Says a New Study
Soaring Uptake by Dietary Supplements Industry to Favour Omega 3 Market Growth, …
Global omega 3 market that surpassed the valuation of US$4.4 Bn in the year 2019 is likely to reach the revenue of around US$13 Bn toward the end of 2027. In its latest published report, Fairfield Market Research forecasts a robust 14.6% CAGR for omega 3 market over the period of projection, 2021 - 2027. The growth of fortified foods across international markets and increasing worldwide focus on mother-and-new-born nutrition
Oat Milk Sales Elevate on the Back of Veganism, Dairy-free, Plant-based, and Gluten-free Trends
Oat Milk Sales Elevate on the Back of Veganism, Dairy-free, Plant-based, and Glu …
Exhibiting an estimated CAGR of 11.5%, global oat milk market value is likely to surpass US$2.6 Bn by the end of 2026. As suggested by the latest Fairfield Market Research report, oat milk sales will gain significantly from the thriving plant-based F&B trend. With plant-based, lactose-free, and gluten-free trend waves gathering momentum over the recent past, the nutrition profile of oat milk will continue to drive its demand at household,
Global Narcolepsy Drugs Market to Register a CAGR of 11.2% as Pandemic Brings Attention to Sleep Disorders
Global Narcolepsy Drugs Market to Register a CAGR of 11.2% as Pandemic Brings At …
The global narcolepsy drugs market has been under the spotlight recently as the awareness about sleep disorders grows. The pandemic brought with it a sudden wave of sleeping disorders as many found their daily schedules disrupted. Psychological distress added to the gamut of issues, which has raised awareness about narcolepsy too. As the focus on improving lifestyle in the post-pandemic world continues, analysts at Fairfield Market Research estimate the sentiment
Low Carbon Footprint of Microbial Fuel Cell (MFC) to Create Sustained Demand within the Market
Low Carbon Footprint of Microbial Fuel Cell (MFC) to Create Sustained Demand wit …
The global microbial fuel cell (MFC) market is expected to cross the growth threshold required for competitors to make lucrative gains. The total worth of the global microbial fuel cell (MFC) market is expected to supplant US $15 Mn by the end of 2025, growing at a stupendous CAGR of 9.8% during the period between 2021 and 2025. The wide spectrum of applications pertaining to microbial fuel cells is the

All 5 Releases


More Releases for LPG

France LPG Market Growth Driven by Low Upfront Cost of LPG Boilers
A number of factors such as the low upfront cost and less storage space required by LPG boilers and the massive government support toward new energy vehicles will help the French LPG market demonstrate a CAGR of 2.1% between 2020 and 2030. According to P&S Intelligence, the market was valued at $7,691.2 million in 2020, and it will generate $9,480.3 million revenue by 2030. Additionally, the rising public awareness regarding
Global Bio LPG Market Poised to Offer Sustainable Solution for Soaring Demand fo …
The global Bio LPG demand is expected to rise during the forecast period as it is an ideal energy solution that helps in reducing the emissions of CO2 by 80%. Consumers are increasingly adopting it as it is derived from plant and vegetable residues and municipal waste. A recent report published by Fairfield Market Research predicts that the global Bio LPG market is expected to reach US$1,020.32 Mn by 2025
Liquefied Petroleum Gas (LPG) Market Huge Demand by 2025 | British Petroleum plc …
Global Liquefied Petroleum Gas (LPG) Market: Snapshot Liquefied petroleum gas (LPG), also known as butane or propane and is a combustible blend made out of various hydrocarbon gasses. It is used as a fuel inside warming machines, vehicles, and cooking hardware, among others. This gas, when used as a vehicle fuel, is frequently known as auto gas. This gas is broadly used as a refrigerant and a vaporized charge and replaces
Liquefied Petroleum Gas (LPG) Market Assessment On Competition 2025 | British Pe …
Global Liquefied Petroleum Gas (LPG) Market: Snapshot Liquefied petroleum gas (LPG), also known as butane or propane and is a combustible blend made out of various hydrocarbon gasses. It is used as a fuel inside warming machines, vehicles, and cooking hardware, among others. This gas, when used as a vehicle fuel, is frequently known as auto gas. This gas is broadly used as a refrigerant and a vaporized charge and replaces
Cape Gas Ensuring Safe LPG Installations
The expertise of Cape Gas lies in the “Liquid Petroleum Gas” Industry (LPG) and the company performs installations and repairs. Cape Gas is a registered member of LPGSASA or Liquid Petroleum Gas Safety Association of Southern Africa. Service areas of Cape Gas include: Domestic Installations: The staff of Cape Gas does Basic Economy installation that comes with a Gas Hob connection as well as single 9 kg cylinder in a cupboard system.
Oil Tanker, LNG Carrier, and LPG Tanker Market: Eletson to Add Most Planned LPG …
Latest industry research report on: Oil Tanker, LNG Carrier, and LPG Tanker Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts About 23 tankers and carriers have been announced globally in H1 2017, of which 11 are crude tankers, eight are LNG carriers and four are LPG tankers. National Shipping Company of Saudi Arabia and Maran Tankers Management Inc. are the top operators in terms of