Biofuels Market Size Worth USD 284.35 Billion in 2030
The global biofuels market size reached USD 154.76 Billion in 2021 and is expected to register a revenue CAGR of 7.0% during the forecast period, according to the latest analysis by Emergen Research. Biofuels burn cleaner than gasoline and result in low carbon emissions, therefore, their use in transport results in fewer greenhouse gas emissions. This factor is driving biofuel market revenue growth.
Biofuels are manufactured from renewable energy sources, such as corn, biomass, and sugarcane, among others, thus, adoption of biofuels can result in significant savings on crude oil imports for several countries. Not every country has sufficient reserve of crude oil, which results in substantial import of crude oil from oil-exporting countries, in turn, resulting in major economic pressure. In addition, rising demand for biofuels is resulting in increasing pressure to grow biofuel crops, which is further expected to drive growth of the agricultural sector. Click the link to get a Free Sample Copy of the Report @ https://www.emergenresearch.com/request-sample/114 The report covers the following companies- Neste, Archer Daniels Midland (ADM), INEOS, BlueFire Renewables, Inc., Renewable Energy Group, Inc., Alto Ingredients, Inc., POET, LLC., Valero Energy Corporation, Shell, Abengoa, and Bunge Limited. The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Biofuels market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation. Emergen Research has segmented the global biofuels market based on product type, feedstock, form, and region: Product Type Outlook (Revenue, USD Billion; 2019–2030) Biodiesel Ethanol Biogas Others Feedstock Outlook (Revenue, USD Billion; 2019–2030) Sugarcane Corn Vegetable Oil Others Form Outlook (Revenue, USD Billion; 2019–2030) Solid Biofuel Liquid Biofuel Gaseous Biofuel The study segments the Biofuels industry in light of major classification such as product type, potential markets, application, and end-user. This industry assessment for the forecast period, 2021 – 2028 incorporates projections pertaining to the investment feasibility, gross margin, profits, consumption volume, production capability and major market vendors. Likewise, statistics associated with the competitive landscape, shifting consumer behaviour and spending power is showcased and well-explained with the help of treasured resources such as charts, graphs and graphic images, which can be easily incorporated in the business or corporate presentations. To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/biofuels-market Key point summary of the report: The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration. It provides details about current scenario, historical data, giving an accurate market forecast for the coming years. The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions. It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report. The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market. The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information. Request a customization of the report @ https://www.emergenresearch.com/request-for-customization/114 Thank you for reading the research report. We also offer report customization as per client requirement. Kindly connect with us to know more about the customization feature and our team will offer you the best suited report. About Us: At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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