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Global Liquid Biofuels Market to reach USD 265.57 billion by the end of 2030

Global Liquid Biofuels Market Size Study & Forecast, by Type (Ethanol, Biodiesel), By Feedstock (Sugar Crops, Starch Crops, Vegetable Oils, Animal Fats, Others), By Process (Fermentation, Transesterification, Others), By Application (Transportation, Power Generation, Heat), and Regional Analysis, 2023-2030

Product Code: EPPGS-37571324
Publish Date: 15-11-2023
Page: 200

Global Liquid Biofuels Market is valued at approximately USD 137.26 billion in 2022 and is anticipated to grow with a growth rate of more than 8.6% over the forecast period 2023-2030. Liquid biofuels are a type of renewable fuels derived from organic materials, typically plant-based or animal-based sources. These fuels are regarded as a fuel replacement for all types of internal combustion (IC) engines that run on diesel, gasoline, or kerosene and are used in land, air, and sea transportation vehicles. The growing concerns regarding climate change, exploration of new feedstock sources, increasing energy security, coupled with the high demand for transportation fuels are the most prominent factors that are propelling the market demand across the globe.

In addition, the rise in the number of government initiatives for encouraging the use of cleaner energy alternatives that result in zero carbon dioxide emissions on combustion and promote the adoption of plant-based raw material is further contributing to the market expansion. Liquid biofuels are a renewable and sustainable alternative to fossil fuels, and they help reduce greenhouse gas emissions and mitigate the effects of climate change. For instance, the US government has declared a total investment of USD 1.7 trillion in clean energy and climate resilience over the next few years. The government also aims to raise its own investment by over USD 5 trillion by leveraging those made by local, state, and federal governments as well as the private sector. Moreover, the expanding use of liquid biofuels in other applications, as well as the ongoing research and development efforts are leading to advancements in biofuel production technologies present various lucrative opportunities over the forecast years. However, the volatile prices of raw materials and the availability of feedstock are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Liquid Biofuels Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the availability of an abundance of feedstock and arable areas for biofuel production. Also, the surge in demand for transportation fuels, as well as rising inclination towards sustainable aviation fuels are attributing to the regional market growth during the estimated period. Whereas, Latin America is expected to grow with a significant CAGR over the forecast years. The growing need for sustainable energy sources, proactive government initiatives to curb carbon emissions, and increasing investments in transmission infrastructure are significantly propelling the market demand across the region. Government policies promoting biofuel production and utilization, including tax incentives, obligatory blending quotas, and financial support for research and development, have collectively created a conducive environment for the biofuel industry. This, has encouraged substantial investments and advancements in the sector, which, in turn, augments the regional market growth.

Major market players included in this report are:
ADM (U.S.)
CropEnergies AG (Germany)
Bangchak Corporation Public Company Limited (Thailand)
Enerkem (Canada)
Renewable Biofuels Inc. (U.S.)
Chevron Renewable Energy Group. (U.S.)
Algenol (U.S.)
Fulcrum BioEnergy, Inc. (U.S.)
Emami Agrotech Limited (India)

Recent Developments in the Market:
Ø In May 2022, POET announced that the company is reopening its ethanol manufacturing facility in Cloverdale, Indiana, with a total investment of USD 30 million. This investment increases the plant’s capacity for output while also enhancing its efficiency.
Ø In February 2022, Chevron announced the acquisition of Renewables Energy Group by acquiring all of REG’s outstanding shares. With this deal, Chevron has added its commercial marketing position, scaled-up manufacturing, and distribution to REG’s expanding production of renewable fuels and industry-leading feedstock capabilities.

Global Liquid Biofuels Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Feedstock, Process, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

By Feedstock:
Sugar Crops
Starch Crops
Vegetable Oils
Animal Fats

By Process:

By Application:
Power Generation

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Liquid Biofuels Market, by region, 2020-2030 (USD Billion)
1.2.2. Liquid Biofuels Market, by Type, 2020-2030 (USD Billion)
1.2.3. Liquid Biofuels Market, by Feedstock, 2020-2030 (USD Billion)
1.2.4. Liquid Biofuels Market, by Process, 2020-2030 (USD Billion)
1.2.5. Liquid Biofuels Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Liquid Biofuels Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Liquid Biofuels Market Dynamics
3.1. Liquid Biofuels Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growing concerns regarding climate change Rising number of government initiatives
3.1.2. Market Challenges Volatile prices of raw materials Availability of feedstock
3.1.3. Market Opportunities Expanding use of liquid biofuels in other applications Ongoing research and development efforts
Chapter 4. Global Liquid Biofuels Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Liquid Biofuels Market, by Type
5.1. Market Snapshot
5.2. Global Liquid Biofuels Market by Type, Performance – Potential Analysis
5.3. Global Liquid Biofuels Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Liquid Biofuels Market, Sub Segment Analysis
5.4.1. Ethanol
5.4.2. Biodiesel
Chapter 6. Global Liquid Biofuels Market, by Feedstock
6.1. Market Snapshot
6.2. Global Liquid Biofuels Market by Feedstock, Performance – Potential Analysis
6.3. Global Liquid Biofuels Market Estimates & Forecasts by Feedstock 2020-2030 (USD Billion)
6.4. Liquid Biofuels Market, Sub Segment Analysis
6.4.1. Sugar Crops
6.4.2. Starch Crops
6.4.3. Vegetable Oils
6.4.4. Animal Fats
6.4.5. Others
Chapter 7. Global Liquid Biofuels Market, by Process
7.1. Market Snapshot
7.2. Global Liquid Biofuels Market by Process, Performance – Potential Analysis
7.3. Global Liquid Biofuels Market Estimates & Forecasts by Process 2020-2030 (USD Billion)
7.4. Liquid Biofuels Market, Sub Segment Analysis
7.4.1. Fermentation
7.4.2. Transesterification
7.4.3. Others
Chapter 8. Liquid Biofuels Market, by Application
8.1. Market Snapshot
8.2. Global Liquid Biofuels Market by Application, Performance – Potential Analysis
8.3. Global Liquid Biofuels Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
8.4. Liquid Biofuels Market, Sub Segment Analysis
8.4.1. Transportation
8.4.2. Power Generation
8.4.3. Heat
Chapter 9. Global Liquid Biofuels Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Liquid Biofuels Market, Regional Market Snapshot
9.4. North America Liquid Biofuels Market
9.4.1. U.S. Liquid Biofuels Market Type breakdown estimates & forecasts, 2020-2030 Feedstock breakdown estimates & forecasts, 2020-2030 Process breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Liquid Biofuels Market
9.5. Europe Liquid Biofuels Market Snapshot
9.5.1. U.K. Liquid Biofuels Market
9.5.2. Germany Liquid Biofuels Market
9.5.3. France Liquid Biofuels Market
9.5.4. Spain Liquid Biofuels Market
9.5.5. Italy Liquid Biofuels Market
9.5.6. Rest of Europe Liquid Biofuels Market
9.6. Asia-Pacific Liquid Biofuels Market Snapshot
9.6.1. China Liquid Biofuels Market
9.6.2. India Liquid Biofuels Market
9.6.3. Japan Liquid Biofuels Market
9.6.4. Australia Liquid Biofuels Market
9.6.5. South Korea Liquid Biofuels Market
9.6.6. Rest of Asia Pacific Liquid Biofuels Market
9.7. Latin America Liquid Biofuels Market Snapshot
9.7.1. Brazil Liquid Biofuels Market
9.7.2. Mexico Liquid Biofuels Market
9.8. Middle East & Africa Liquid Biofuels Market
9.8.1. Saudi Arabia Liquid Biofuels Market
9.8.2. South Africa Liquid Biofuels Market
9.8.3. Rest of Middle East & Africa Liquid Biofuels Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. ADM (U.S.) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. CropEnergies AG (Germany)
10.3.3. Bangchak Corporation Public Company Limited (Thailand)
10.3.4. Enerkem (Canada)
10.3.5. Renewable Biofuels Inc. (U.S.)
10.3.6. Chevron Renewable Energy Group. (U.S.)
10.3.7. POET (U.S.)
10.3.8. Algenol (U.S.)
10.3.9. Fulcrum BioEnergy, Inc. (U.S.)
10.3.10. Emami Agrotech Limited (India)
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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