Press release
How Liquid Biofuels Market 2021 is Booming Worldwide with Top Leading Players – Butamax Advanced Biofuels, Gevo, Inc, Eniven Group, Emami Agrotech Limited
Exhaust from motor vehicles is one of the biggest contributors of air pollution in the world. The US Environment Protection Agency (EPA) estimates that on-road automobiles cause 75% of carbon monoxide pollution in the country. The European Parliament has also stated that 72% of the EU’s carbon emissions come from road transport. To address the issues surrounding escalating air pollution levels, Liquid Biofuels such as ethanol and biodiesel have emerged as the most viable and feasible substitutes to conventional fossil fuels such as petrol. Governments around the world are actively promoting the adoption of biofuels for transport activities as the carbon-based fuels carry heavy environmental as well as human health costs.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/liquid-biofuels-market-103294
Important Features that are under Offering and Key Highlights of the Market Report:
Detailed overview of Liquid Biofuels Market Share
Changing market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising market growth
Market Restraint
Falling Ethanol Prices amid COVID-19 Pandemic to Retard Market Growth
The outbreak of the COVID-19 contagion has threatened to cause long-term damage on many industries. One of them is the transport industry, which is experiencing sharp decline in demand. The trickle-down effect is being witnessed in an even steeper fall in biofuel prices, especially ethanol prices. According to a study conducted by Purdue University, the average monthly price of ethanol fell from $1.32/gallon in December 2019 to $0.82/gallon in March 2020 due to rapid decline in demand for transport services. Reduced profit margins of ethanol producers have slowed down production of ethanol, which is expected to further cripple the Liquid Biofuels market growth during 2020. In Canada, the national government is attempting to ease implementation of low-carbon fuels as the country’s oil sector has taken a severe blow due to the pandemic. Growing turmoil in the hydrocarbon industry as a result of the coronavirus will, therefore, stem the uptake of Liquid Biofuels in the current year.
𝐐𝐮𝐢𝐜𝐤 𝐁𝐮𝐲 - 𝐋𝐢𝐪𝐮𝐢𝐝 𝐁𝐢𝐨𝐟𝐮𝐞𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.fortunebusinessinsights.com/checkout-page/103294
Regional Insights
Increasing Production of Biofuels in the US to Accelerate Market Growth in North America
With North America accounting for 45% of the global biofuel production, the region is well-positioned to dominate the Liquid Biofuels market share in the foreseeable future. The US is largest producer of ethanol worldwide, having produced 15.8 billion gallons of ethanol in 2019 alone. In 2019, the region’s market size stood at USD 42.96 billion.
Latin America is expected to emerge as the second most dominant region in the market, supported by surging ethanol production in Brazil. Besides this, Argentina is also aggressively expanding its renewable energy sector, which bodes well for this market. Europe being the largest producer and consumer of biodiesel in the world is expected to offer several lucrative opportunities for players in this market.
Competitive Landscape
Production Capacity Elevation Measures to be Implemented by Market Players
Competition in the Liquid Biofuels market is characterized by the variety of strategies implemented by the players to consolidate their position in this market. Prominent among these are the measures adopted by these companies to enhance their production capabilities to meet the rising demand for biofuels around the world.
Industry Developments:
May 2020: Canada-based BC Corporation announced its plans to construct a biofuel plant in Prince George, British Columbia for an estimated value of USD 2 billion. Employing close to 2500 people, the plant will be utilized for producing industrial-grade ethanol from hamp stock.
February 2020: Italy-based NextChem joined forces with US-based Saola Energy to produce renewable diesel from residual fats and vegetable oils. Saola will employ its hydro-treatment and isomerization technologies to produce renewable diesel, while NextChem will provide clients engineering, construction, and training services under the partnership.
𝐀𝐬𝐤 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 https://www.fortunebusinessinsights.com/enquiry/customization/liquid-biofuels-market-103294
List of Key Players Profiled in this Liquid Biofuels Market Report:
Butamax Advanced Biofuels, LLC (U.S.)
Gevo, Inc. (U.S.)
Eniven Group (Slovakia)
Emami Agrotech Limited (India)
Fulcrum BioEnergy, Inc. (U.S.)
Renewable Energy Group, Inc. (U.S.)
Enerkem (Canada)
ADM (U.S.)
Pacific Ethanol, Inc. (U.S.)
BIO OILS ENERGY (Spain)
Bangchak Corporation Public Company Limited (Thailand)
Algenol (U.S.)
CropEnergies AG (Germany)
Renewable Biofuels Inc. (U.S.)
POET (U.S.)
Contact:
Name: Ashwin Arora
Email: sales@fortunebusinessinsights.com
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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