Press release
Unleashing the Green Fuel Potential: In-depth Analysis of Global Biofuels Market Dynamics, Emerging Trends, and Growth Opportunities to 2033
Biofuels Market
As per the report, the biofuels market size has grown strongly in recent years. It will grow from $163.86 billion in 2023 to $176.59 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The biofuels market size is expected to see strong growth in the next few years. It will grow to $240.55 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=7745&type=smp
Soaring Petroleum Prices Fueling The Growth Of The Biofuel Market
Increased petroleum prices are expected to propel the growth of the biofuel market. Rising crude oil costs and increased taxation have consistently contributed to increased petrol and diesel prices across the world. Furthermore, the Russia-Ukraine war is one of the primary reasons for the rapid spike in global petroleum prices. Several other reasons have also led to rising crude oil prices, including market tightness and uncertainty about demand and supply, geopolitical developments, fears of future supply disruptions, and speculation that impacted the petroleum market. Due to such a rise in petroleum prices, there is a greater demand for biofuel as an alternative which is derived from renewable resources and are less combustible than fossil diesel. It helps to reduce the carbon footprint of transportation and other businesses. For Instance, according to a 2021 report published by Our world in data on crude oil prices, the global crude oil prices per barrel US dollars have increased from $41.84 in 2020 to $70.91 in 2021. Therefore, the increasing petroleum prices will drive the biofuel market.
Rising Prominence Of Technological Advancements In The Biofuel Market
Technological advancements are a key trend gaining popularity in the biofuel market. Advanced biofuels are gaining popularity due to their compatibility with existing fuel infrastructure and high energy densities. Advanced biofuel technologies are recognized as green energy sources. Recently, the market has witnessed the use of advanced bio-hydrocarbons generated from lignocellulosic biomass such as trees, grasses, trash, and agricultural residues. Major companies operating in the biofuel market are focused on developing new technological solutions to strengthen their market position. For instance, In February, Clariant, a Europe-based chemical company, introduced a line of Vita surfactants and polyethylene glycols (PEGs) made entirely of bio-based, renewable carbon derived from plants. The new Vita products are designed for natural formulations with a high Renewable Carbon Index (RCI) and assist manufacturers in maximizing the use of bio-based carbon content in consumer products, that include detergents, hair and shower gel, paints, industrial lubricants, and crop treatments.
The biofuels market covered in this report is segmented -
1) By Form: Solid Biofuel, Liquid Biofuel, Gaseous Biofuel
2) By Product Type: Biodiesel, Ethanol, Biogas, Others Products
3) By Feedstock: Coarse Grain, Non-agri Feedstock, Biomass, Vegetable Oil, Sugar Crop, Jatropha, Other Feedstocks
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=7745&type=discount
Major companies operating in the biofuels market report are The Archer-Daniels-Midland Company, Abengoa S. A., Renewable Energy Corporation, Wilmar International Limited, Poet LLC, Praj Industries Limited, Raven SR Inc., Shell PLC, Sustainable Oils, UPM-Kymmene Oyj, Velocys Inc., Virent Energy Systems Inc., Aemetis Inc., Amyris Inc., Anellotech Inc., Avantium Technologies B. V., Axens Technologies (IFP), Cargill Inc., Chevron Corporation, Clariant International AG, Corbion N. V., DG Fuels, Diamond Green Diesel LLC, Dimeta, DMC Biotechnologies Inc., Enerkem Inc., Fidelis New Energy LLC, Fluid Quip Technologies LLC, Genofuel, Gevo Inc., Ginkgo BioWorks, GranBio, Green Plains Inc., Haldor Topsoe A/S, Honeywell International Inc.
Contents of the report:
1. Executive Summary
2. Biofuels Market Report Structure
3. Biofuels Market Trends And Strategies
4. Biofuels Market - Macro Economic Scenario
5. Biofuels Market Size And Growth
…..
27. Biofuels Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/biofuels-global-market-report
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
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Unleashing the Green Fuel Potential: In-depth Analysis of Global Biofuels Market Dynamics, Emerging Trends, and Growth Opportunities to 2033 here
News-ID: 3607541 • Views: …
More Releases from The Business research company
Evolving Market Trends In The Integrated Geophysical Services Industry: Enhancin …
The Integrated Geophysical Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Integrated Geophysical Services Market Size During the Forecast Period?
The integrated geophysical services market has experienced consistent growth in recent years, expected to rise from $2.35 billion in 2024 to…
Global HR Advisory Services Market: Key Trends, Market Share, Growth Drivers, An …
The HR advisory services market report describes and explains the HR advisory services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global HR advisory services market reached a value of nearly $155.74 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.22% since…
High Voltage Aluminium Electrolytic Capacitors Global Market Report 2025: Size, …
The high voltage aluminum electrolytic capacitors report describes and explains the high voltage aluminum electrolytic capacitors market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global high voltage aluminum electrolytic capacitors market reached a value of nearly $4.10301 billion in 2024, having grown at a compound annual growth…
Global Vertical Market Software Market: Key Trends, Market Share, Growth Drivers …
The vertical market software report describes and explains the vertical market software market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global vertical market software market reached a value of nearly $152.61027 billion in 2024, having grown at a compound annual growth rate (CAGR) of 12.11% since 2019.…
More Releases for Biofuel
Biofuel Enzymes Market Strategic Outlook Revenue Forecast and biofuel enzymes ma …
In recent years, the global biofuel enzymes Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on biofuel enzymes Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five…
Biofuel Additives Market Growing Rapidly by - Clariant AG, The Lubrizol Corporat …
DataM Intelligence has published a new research report on "Biofuel Additives Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
Get a Free Sample Research PDF -…
Biofuel Market Powering a Greener Future: The Biofuel Market - A Sustainable Pat …
Biofuel Market worth $257.19 Bn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Biofuel Market- (By Fuel Type (Ethanol, Biodiesel, Renewable Diesel, and Biojets), Generation (First Generation, Second Generation, Third Generation), End-use (Transportation, Aviation)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Biofuel Market…
Biofuel Additives Market Set for Explosive Growth| Chemiphase, Evonik Industries …
Advance Market Analytics published a new research publication on "Biofuel Additives Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Biofuel Additives market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample Copy of…
Global Enzymes in Biofuel Market By Key Players Biofuel Enzyme, Schaumann Bioene …
Qyresearchreports include new market research report Global Enzymes in Biofuel Market Research Report 2018 to its huge collection of research reports.
This report studies the global Enzymes in Biofuel market status and forecast, categorizes the global Enzymes in Biofuel market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
The global…
Enzymes in Biofuel Market Research Report 2018 | Biofuel Enzyme, Schaumann Bioen …
Researchmoz added Most up-to-date research on "Global Enzymes in Biofuel Market Research Report 2018" to its huge collection of research reports.
This report studies the global Enzymes in Biofuel market status and forecast, categorizes the global Enzymes in Biofuel market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
The…
