Press Release

Liquid Biofuels Market Worth $219.97 Billion at 8.4% CAGR; Energy Industry Giants Such as POET and Enerkem to Focus on Expanding Global Business Horizons: Fortune Business Insights™

Key Players: ADM, POET, Enerkem, Renewable Biofuels Inc. (U.S.), Renewable Energy Group, Inc., CropEnergies AG (Germany), Fulcrum BioEnergy, Inc., Algenol, Emami Agrotech Limited, Bangchak Corporation Public Company Limited (Thailand), Eniven Group (Slovakia), BIO OILS ENERGY (Spain), Gevo, Inc. (U.S.), Pacific Ethanol, Inc., Butamax Advanced Biofuels, LLC

The global Liquid Biofuels Market Size is projected to reach USD 219.97 billion by 2027, exhibiting a CAGR of 8.4% during the forecast period. The Renewable Energy Directive (RED) II set by the EU Council and the European Parliament mandates that 6.8% of transportation fuels must be derived from renewable sources such as biofuels and renewable electricity generation. This will aid the EU’s efforts towards achieving the goal of 20% of the energy mix by 2020. There is a growing need for energy security in developing countries such as India and China. Thus, any disturbance in the supply chain of petroleum or an increase in petrol prices can have a negative impact on the growth of their economy. Indigenously produced biofuels are the best solution and they are being increasingly considered as one of the most efficient options to partially substitute petroleum and reduce dependence on crude oil imports.

The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other Liquid Biofuels Market trends. The report is available for sale on the company website.

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 for 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.

To get the short-term and long-term impact of COVID-19 on this Market, visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/liquid-biofuels-market-103294

“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 Hemp 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 hemp 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.

List of Key Players Profiled in this 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.)

Regional Analysis for Liquid Biofuels Market:

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

Major Table of Contents for Liquid Biofuels Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Liquid Biofuels Market Insights
  5. Global Market Analysis, Insights and Forecast, 2015-2027
  6. North America Market Analysis, Insights and Forecast, 2015-2027
  7. Europe Market Analysis, Insights and Forecast, 2015-2027
  8. Asia Pacific Market Analysis, Insights and Forecast, 2015-2027
  9. The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2027
  10. Latin America Market Analysis, Insights and Forecast, 2015-2027
  11. Competitive Landscape
  12. Global Liquid Biofuels Market Revenue Share Analysis, By Key Players, 2020
  13. Company Profiles
  14. Conclusion

Other Exclusive Reports:

Liquid Biofuels Market to Hit USD 219.97 Billion by 2027; Increasing Trade Activities Via Road Transport Networks to Stoke Demand for Biofuels  | Press Release

Bioenergy Market to Hit USD 642.71 Billion by 2027; Growing Need to Replace Fossil Fuels with Renewable Energy Sources Worldwide to Fuel Market Expansion

Alkaline Battery Market Latest Trends (2020-2027) | Duracell Inc., Energizer Holdings, and Camelion Batterien GmbH to Lead Global Market

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

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.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact:
Name: Ashwin Arora
Email: [email protected]
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245

Tags

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close