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Bio Fuels Market Highlights:-The latest trend making waves in the biofuel market currently is conversion of biomass into biodiesel (type of biofuel), using biomass to liquid (BTL) technology. For instance, Beijing Sanju Environmental Protection and New Material Co. Ltd. jointly have used this technique for biomass liquefaction using agricultural residues to produce clean liquid hydrocarbon fuel.
At present, the world is perceiving an all-time high demand for bio fuels. This is the primary reason why experts of this market believe that bio fuels market will expand tremendously during the projection period. The revenue turnover figures look pretty promising and the approximate CAGR for this term will be 5.7%.
The versatile nature of bio fuels happens to be the essential growth driver for the Bio Fuel Market. They have the ability to be utilized in traditional engines with almost little to no modification. The development in the automobile sector is another aspect that propels the growth of the market.
Latest Industry News:-
April 16, 2018 – Red Rock Biofuels a major player in this market recently declared that it will be starting the construction process on a new plant in south-central Oregon. This facility is anticipated to annually convert around 136,000 tons of woody bio mass and forest bi-products into 15 million gallons of renewable fuels.
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Competitive Dashboard:-
The key players of Global Bio Fuels Market are Archer Daniels Midland Company (U.S.), Aceites Manuelita S.A.( Colombia ), Abengoa Bioenergy, Inc.(Spain), INEOS Group AG (U.K.), Neste Corporation (Finland), Renewable Energy Group, Inc (U.S.), BlueFire Renewables (U.S.), Cosan S.A. Indústria E Comércio (Brasil), Infinita Renovables SA (Spain) and BioWanze SA (Belgium).
Bio Fuels Global Market Segmentation:-
Based on composition, the market is segmented on the basis of starch feedstock, sugar feedstock, lignocellulosic feedstock and miscellaneous feedstock. The lignocellulosic feedstock is the most resourceful way of obtaining biofuel, is abundant in nature, produce more ethanol and are very low priced, these factors fuel the lignocellulosic feedstock market growth significantly.
The biofuel market has been segmented based on fuel, feedstock, composition, and regions.
The types of fuel in the biofuel market are biodiesel and ethanol. The biodiesel market is steadily gaining traction across the world due to growing number of biodiesel projects emerging to cater to increasing sustainability concerns by governments, and also in response to market demands for greater feedstock production yields.
Based on feedstock, the market is segmented on the basis of biodiesel feedstock and ethanol feedstock. The huge demand for ethanol feedstock in different end-use industries, such as cosmetics, transportation, pharmaceuticals, alcoholic beverages, positively influences the growth of the global ethanol feedstock market.
Comprehensive Regional Analysis:-
The bio fuels market has accomplished the goal of instituting itself on a global level. Over the years it has outreached many major countries and regions of the world. Some of the main areas where its prominence can be observed are Asia Pacific, Middle East & Africa, North America and Rest of the World.
North America and Europe happen to be the leading regions for this particular market. The cause for development in these areas is the nod of approval and efforts taken by the government to promote these products. Apart from that this area also observes a constant flow of monetary funds that help in carrying out research and development activities.
Asia Pacific is not that far behind and will progress during the forecast period. The main reason for this is the presence of countries like China and India in this area. These two countries happen to be massive consumers of bio fuels namely ethanol.
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Intended Audience
• Distributer & Supplier companies
• End Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities
Geographic Analysis
• Geographical analysis across 15 countries
Company Information
• Profiling of 10 key market players
• In-depth analysis including SWOT analysis, and strategy information of related to report title
• Competitive landscape including emerging trends adopted by major companies
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