Advanced Biofuels Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Advanced Biofuels Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The advanced biofuels market size has grown exponentially in recent years. It will grow from $81.79 billion in 2023 to $117.52 billion in 2024 at a compound annual growth rate (CAGR) of 43.7%. The growth in the historic period can be attributed to renewable energy policies, environmental regulations, volatility in crude oil prices, research and development investments, growing awareness of climate change.

The advanced biofuels market size is expected to see exponential growth in the next few years. It will grow to $462.76 billion in 2028 at a compound annual growth rate (CAGR) of 40.9%. The growth in the forecast period can be attributed to scale-up of production facilities, international collaboration and agreements, economic incentives, market competitiveness, biofuel mandates and targets. Major trends in the forecast period include technological innovation, policy support and regulatory environment, feedstock diversification, global energy transition, scaling up commercial productio.

Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=10126&type=smp

Market Segmentation:
The advanced biofuels market covered in this report is segmented -

1) By Fuel Type: Cellulosic Ethanol, Biofuel, Biobutanol, BioDME, Other Fuel Types
2) By Processing Technology: Thermochemical, Biochemical
3) By Raw Material: Jatropha, Camelina, Algae, Simple Lignocellulose, Other Raw Materials

Major Driver - Automotive Industry Drives Growth In The Advanced Biofuels Market
The increasing demand from the automotive industry is expected to propel the growth of the advanced biofuels market going forward. The automotive industry refers to all businesses and endeavors concerned with the production of motor vehicles, including most of their parts, such as their bodywork and engines, but excluding their tires, batteries, and gasoline. Advanced biodiesel refers to a second-generation biofuel that is utilized in the automotive industry as a replacement for gasoline and diesel. Low carbon emissions are the driving force behind the adoption of advanced biofuel in the automotive industry. For instance, in March 2022, according to a report published by the European Automobile Manufacturers' Association (ACEA), the main lobbying and standards group for the automobile industry in the European Union, sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units in 2021. Over 6.3 million passenger cars were produced in US auto facilities in 2021, an increase of 3.1% from 2020. Chinese automakers produced 20.7 million vehicles in 2021, an increase of 7.1%. In 2021, the total number of cars produced worldwide climbed by 2.7% to 63.2 million. Therefore, the increasing demand from the automotive industry is driving the growth of the advanced biofuels market.

Competitive Landscape:
Major companies operating in the advanced biofuels market report are Abengoa Bioenergy Co. LLC, Algenol Biofuels Inc., Chemtex Group, Bangchak Corporation Public Company Limited (BCP), Clariant Produkte GmbH, Fiberight LLC, DuPont Industrial Biosciences, GranBio Investimentos S.A., A2BE Carbon Capture LLC, Fujian Zhongde Energy Co. Ltd., Inbicon A/S, INEOS Technologies Limited, Poet-DSM Advanced Biofuel LLC, Green Biologics Ltd., ZeaChem Inc., Sundrop Fuels Inc., Amyris Inc., Gevo Inc., Renewable Energy Group Inc., Novozymes A/S, LanzaTech Inc., Mascoma Corporation, Solazyme Inc., Cool Planet Energy Systems, Enerkem Inc., Butamax Advanced Biofuels LLC, Codexis Inc., Coskata Inc., Aemetis Inc., Iogen Corporation, Siluria Technologies, Kiverdi Inc., Alkol Biotech Inc.

Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/advanced-biofuels-global-market-report

Top Trend - Advanced Biofuels Market Thrives On Product Innovations
Product innovations are the key trends gaining popularity in the advanced biofuels market going forward. Major companies in the advanced biofuels market are focusing on launching innovative products to sustain their position in the market. For instance, in February 2023, PRIO, a Portugal-based producer of biofuels, launched the ECO Bunkers B30 biofuel, a new 30% advanced biofuel blend. It is a brand-new biofuel product that contains 30% advanced biofuel made from waste raw materials. The fuel is combined at PRIO's tank terminal in Aveiro after being manufactured at its biodiesel plant.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Advanced Biofuels Market Characteristics
3. Advanced Biofuels Market Trends And Strategies
4. Advanced Biofuels Market - Macro Economic Scenario
5. Advanced Biofuels Market Size And Growth
…..
27. Advanced Biofuels Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

This release was published on openPR.