Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 81.09 Billion

CAGR (2023-2028)

6.65%

Fastest Growing Segment

Transesterification

Largest Market

North America


Market Overview

The Global Liquid Biofuels market is a dynamic and evolving sector at the forefront of the transition towards sustainable energy sources. Dominated by biodiesel and bioethanol, this market plays a pivotal role in reducing reliance on traditional fossil fuels, addressing environmental concerns, and fostering a low-carbon future. Vegetable oils, particularly soybean and palm oil, emerge as dominant feedstocks, providing a renewable and scalable resource for biofuel production. Transesterification, a chemical process, stands out as the predominant production method, exemplifying efficiency and versatility, especially in the biodiesel sector. The market is significantly influenced by government policies, blending mandates, and renewable energy standards worldwide, encouraging the adoption of liquid biofuels. North America, with robust support policies and agricultural strength, leads in market dominance, closely followed by Europe and Asia-Pacific. Ongoing technological advancements, coupled with increasing corporate sustainability initiatives and consumer awareness, drive innovation and market growth. Despite challenges such as feedstock competition and regulatory uncertainties, the Global Liquid Biofuels market remains a key player in the global energy landscape, contributing to environmental sustainability and energy security.

Key Market Drivers

Renewable Energy Transition and Climate Change Mitigation

One of the primary drivers propelling the global Liquid Biofuels market is the imperative for a renewable energy transition and climate change mitigation. As the world grapples with the escalating consequences of climate change, there is an increasing urgency to reduce dependence on fossil fuels and transition towards cleaner, more sustainable energy sources. Liquid biofuels, derived from renewable biomass, offer a viable alternative for traditional transportation fuels. The use of biofuels helps reduce greenhouse gas emissions, contributing to global efforts to mitigate climate change. Governments, industries, and consumers alike are recognizing the importance of liquid biofuels as a key component in achieving renewable energy targets and fostering a low-carbon future.

Energy Security and Diversification of Fuel Sources

Energy security and the diversification of fuel sources constitute another significant driver for the global Liquid Biofuels market. Traditional fossil fuels are subject to geopolitical uncertainties, supply disruptions, and finite reserves. Liquid biofuels, produced from a variety of feedstocks such as crops, waste, and algae, offer a more diversified and secure energy source. This diversification reduces reliance on a limited set of energy resources, mitigating the impact of geopolitical tensions on energy markets. Countries and industries are increasingly recognizing the strategic importance of developing a resilient and diverse energy portfolio, making liquid biofuels a key driver in the pursuit of enhanced energy security.

Supportive Government Policies and Incentives

Supportive government policies and incentives play a pivotal role in driving the growth of the global Liquid Biofuels market. Governments across the world are implementing regulatory frameworks, subsidies, and tax incentives to encourage the production and consumption of biofuels. These policies aim to address environmental concerns, reduce greenhouse gas emissions, and promote the use of renewable energy sources. Supportive measures include blending mandates, renewable fuel standards, and financial incentives for biofuel producers. The existence of a favorable policy environment provides stability and predictability, fostering investments in biofuel production infrastructure and technologies, thereby accelerating the market's growth.

Technological Advancements in Biofuel Production

Technological advancements in biofuel production represent a crucial driver in the global Liquid Biofuels market. Ongoing research and development efforts have led to significant improvements in biofuel conversion technologies, enhancing efficiency and reducing production costs. Innovations in processes such as enzymatic hydrolysis, fermentation, and pyrolysis have enabled the production of advanced biofuels from a broader range of feedstocks. Additionally, advancements in biotechnology and genetic engineering are optimizing the cultivation of energy crops, improving yields and reducing the environmental footprint of biofuel production. As technology continues to evolve, biofuel production becomes more economically viable, competitive with traditional fuels, and capable of meeting growing energy demands sustainably.

Corporate Sustainability Initiatives and Consumer Awareness

Corporate sustainability initiatives and increasing consumer awareness of environmental issues are driving the adoption of liquid biofuels. Businesses are recognizing the importance of integrating sustainable practices into their operations to meet corporate social responsibility goals and address consumer preferences for eco-friendly products. The demand for biofuels is buoyed by a growing segment of environmentally conscious consumers who actively seek products with lower carbon footprints. Companies, especially in the transportation and aviation sectors, are incorporating biofuels into their fuel blends as part of broader sustainability strategies. As consumer awareness continues to rise, the global Liquid Biofuels market benefits from the positive impact of corporate sustainability commitments and a consumer base increasingly inclined towards environmentally friendly choices.


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Key Market Challenges

Feedstock Availability and Competition with Food Crops

A significant challenge facing the global Liquid Biofuels market is the availability of feedstocks and the associated competition with food crops. Traditional biofuels, particularly those derived from first-generation feedstocks such as corn and sugarcane, have faced criticism for potential adverse impacts on food security and agricultural practices. The competition for arable land between biofuel crops and food crops raises concerns about resource allocation and the ethical implications of diverting agricultural resources away from food production. Striking a balance between biofuel production and food security remains a complex challenge that requires sustainable feedstock sourcing strategies, innovative crop selection, and increased efficiency in biofuel production processes.

Land Use Change and Environmental Impact

A critical challenge for the Liquid Biofuels market is the potential environmental impact associated with land use change. The expansion of biofuel crop cultivation, often involving the conversion of natural ecosystems such as forests and grasslands, can lead to biodiversity loss, habitat destruction, and increased greenhouse gas emissions. This challenge is exacerbated when biofuel production contributes to deforestation or displacement of existing land uses. Addressing the environmental impact of land use change requires stringent sustainability criteria, robust certification systems, and effective land-use planning to ensure that biofuel production aligns with broader conservation goals. Striking a balance between meeting renewable energy targets and minimizing environmental harm remains a central challenge in shaping the sustainable future of the Liquid Biofuels market.

Technological and Infrastructure Barriers

The Liquid Biofuels market faces significant technological and infrastructure barriers that impede the widespread adoption of biofuels. Advanced biofuels, such as cellulosic ethanol and other second-generation varieties, often require sophisticated production processes and specialized infrastructure. The technology barriers include the development of cost-effective conversion technologies and efficient extraction methods for non-food feedstocks. Additionally, the need for dedicated biofuel-compatible infrastructure, such as blending facilities and distribution networks, poses challenges in regions where such infrastructure is lacking. Overcoming these barriers demands substantial research and development investments, collaboration between industry stakeholders, and supportive government policies to facilitate the integration of advanced biofuels into existing energy systems.

Economic Viability and Price Competitiveness

Economic viability and price competitiveness pose significant challenges to the global Liquid Biofuels market. Biofuels often face stiff competition from conventional fossil fuels, which can be economically more attractive due to lower production costs and well-established supply chains. The economic challenges are compounded by the fluctuating prices of raw materials, regulatory uncertainties, and the need for continuous technological innovation. Achieving price competitiveness with traditional fuels is a complex task that requires improvements in production efficiency, economies of scale, and strategic government support through incentives and subsidies. The economic viability of biofuels directly influences their market penetration, making it crucial for the industry to navigate these challenges to establish a sustainable and competitive presence in the broader energy market.

Policy Uncertainties and Regulatory Frameworks

A persistent challenge in the Liquid Biofuels market is the presence of policy uncertainties and evolving regulatory frameworks. The biofuels industry is subject to a complex web of regulations, standards, and incentives that vary across different regions and countries. Frequent changes in policies, uncertain support mechanisms, and inconsistent regulatory frameworks can hinder long-term investment planning and create uncertainties for market participants. The absence of stable and predictable policies poses challenges for biofuel producers, investors, and other stakeholders in making informed decisions and commitments. To overcome this challenge, a harmonized and stable regulatory environment, coupled with clear and supportive policies, is essential to foster industry growth and encourage sustained investments in the Liquid Biofuels market.

Key Market Trends

Advancements in Second-Generation Biofuels

The global Liquid Biofuels market is experiencing a transformative trend with significant advancements in second-generation biofuels. These advanced biofuels, derived from non-food feedstocks such as agricultural residues, woody biomass, and dedicated energy crops, represent a departure from first-generation biofuels criticized for their impact on food security and traditional agriculture. Notable examples include cellulosic ethanol and advanced biodiesel, which offer more sustainable and environmentally friendly alternatives. Technological breakthroughs in enzymatic and microbial processes are driving the efficient conversion of cellulose and lignin into biofuels, addressing the limitations of first-generation counterparts. The trend towards second-generation biofuels aligns with global sustainability goals, mitigating concerns related to indirect land-use change and food competition. Widespread adoption of these advanced biofuels enhances energy security, contributes to rural development, and fosters a more resilient and efficient Liquid Biofuels market.

Expansion of Sustainable Aviation Biofuels

A notable trend in the global Liquid Biofuels market is the expansion of sustainable aviation biofuels. With the aviation industry under increasing pressure to reduce carbon emissions, biofuels derived from feedstocks such as algae, waste oils, and non-food crops are gaining prominence. These sustainable aviation biofuels, often blended with traditional jet fuels, offer a pathway to lower the carbon footprint of air travel. The trend is supported by initiatives from airlines, governments, and industry stakeholders aiming to achieve carbon neutrality in aviation. As demand for air travel continues to rise, the expansion of sustainable aviation biofuels is poised to play a crucial role in shaping a more environmentally conscious and sustainable future for the aviation sector within the Liquid Biofuels market.

Growing Investment in Bio-Refineries

The Liquid Biofuels market is witnessing a growing trend of increased investment in bio-refineries. Bio-refineries play a key role in the production of biofuels by converting various feedstocks into liquid fuels through advanced processing techniques. The trend reflects a shift towards a more integrated and efficient biofuel production infrastructure. Investors are recognizing the potential of bio-refineries to enhance production efficiency, reduce costs, and diversify the range of biofuels available in the market. This trend is further supported by government incentives and policies aimed at promoting the development of bio-based industries. The growing investment in bio-refineries signifies a commitment to building a robust and sustainable foundation for the global Liquid Biofuels market, fostering innovation and technological advancements in biofuel production.

Increasing Use of Waste Feedstocks

An emerging trend in the Liquid Biofuels market is the increasing utilization of waste feedstocks for biofuel production. Waste oils, fats, and residues from agricultural, industrial, and municipal sources are being harnessed as valuable resources for sustainable biofuel production. This trend not only addresses waste management challenges but also contributes to the circular economy by repurposing materials that would otherwise be discarded. Technologies such as waste-to-energy conversion and advanced biofuel production processes are facilitating the efficient conversion of these waste feedstocks into biofuels, providing an environmentally friendly solution to both waste reduction and renewable energy needs. The adoption of waste feedstocks in biofuel production aligns with the broader global agenda of achieving a circular and sustainable approach to resource utilization in the Liquid Biofuels market.

Integration of Digital Technologies for Precision Biofuel Production

The Liquid Biofuels market is experiencing a trend towards the integration of digital technologies for precision biofuel production. Advanced sensors, data analytics, and artificial intelligence are being leveraged to optimize the entire biofuel production process. This includes monitoring feedstock cultivation, refining processes, and quality control. The application of digital technologies enhances operational efficiency, reduces production costs, and ensures the consistent quality of biofuels. Digital solutions enable biofuel producers to fine-tune production parameters, respond to dynamic market conditions, and achieve higher yields. The trend towards digital integration in biofuel production reflects the industry's commitment to innovation, sustainability, and continuous improvement in the Liquid Biofuels market.

Segmental Insights

Product Insights

Biodiesel segment dominates in the global liquid biofuels market in 2022. One pivotal factor is the widespread adoption of biodiesel as a cleaner and more sustainable alternative to traditional diesel fuels. As concerns about climate change and environmental degradation have intensified globally, the demand for low-carbon and renewable energy solutions has surged. Biodiesel, being a renewable and biodegradable fuel, aligns perfectly with these environmental objectives. It is increasingly used as a substitute for or blended with traditional diesel, reducing greenhouse gas emissions and contributing to the mitigation of climate change. The versatility of biodiesel, compatible with existing diesel engines and infrastructure, further enhances its attractiveness, driving its dominance in the liquid biofuels market.

Government policies and regulatory frameworks also play a crucial role in propelling biodiesel to the forefront. Many countries have implemented blending mandates and renewable fuel standards that require a certain percentage of biodiesel in diesel fuels. These policy measures create a stable and supportive market environment, incentivizing the production and consumption of biodiesel. Subsidies and tax incentives further encourage stakeholders across the value chain to invest in biodiesel production facilities, reinforcing its dominant position in the liquid biofuels market.

Moreover, biodiesel benefits from a diverse and abundant feedstock base, contributing to its widespread availability and economic viability. Feedstocks such as soybean oil, rapeseed oil, and used cooking oil are readily accessible, allowing for scalable and cost-effective biodiesel production. The agricultural strength of key regions, particularly North America and Europe, further amplifies the availability of feedstocks, supporting the dominant position of biodiesel in the market.

Feedstock Insights

Vegetable oils segment dominates in the global liquid biofuels market in 2022. Vegetable oils, derived from crops such as soybeans, rapeseed, palm, and sunflower, have become the linchpin of the liquid biofuels sector, particularly in biodiesel production. Biodiesel, a prominent and widely used liquid biofuel, relies significantly on vegetable oils as the primary raw material. Soybean oil, in particular, has emerged as a major feedstock for biodiesel production, owing to its abundance, versatility, and favorable fatty acid composition suitable for the transesterification process.

One of the primary drivers behind the dominance of vegetable oils is their widespread availability and scalability. Agricultural powerhouses such as the United States, Brazil, and Argentina contribute significantly to the global production of soybeans and other oilseed crops. The versatility of these crops allows for cultivation across diverse climates and geographies, ensuring a stable and abundant supply of vegetable oils for biofuel production. This widespread availability addresses concerns related to feedstock scarcity and fosters the sustainable growth of the liquid biofuels market.

Furthermore, the use of vegetable oils aligns with the sustainability goals of the biofuels industry. The cultivation of oilseed crops provides a renewable source of feedstock, and advancements in agricultural practices, such as precision farming and sustainable land management, contribute to reducing the environmental footprint of vegetable oil production. The compatibility of vegetable oils with existing biodiesel infrastructure and their favorable energy balance make them an attractive choice for biofuel producers seeking a reliable and environmentally friendly feedstock option.

Government policies and regulations also play a pivotal role in bolstering the dominance of vegetable oils in the liquid biofuels market. Many countries have established biodiesel blending mandates and renewable fuel standards that incentivize the use of vegetable oils in biofuel production. Policy frameworks, such as the Renewable Fuel Standard (RFS) in the United States and the European Union's Renewable Energy Directive (RED), create a conducive environment for the utilization of vegetable oils, reinforcing their position as a key feedstock.

While concerns have been raised about the environmental impact of certain vegetable oil feedstocks, efforts are underway to promote sustainable sourcing practices, including the adoption of certification systems such as Roundtable on Sustainable Palm Oil (RSPO) for palm oil. These initiatives aim to address deforestation, biodiversity loss, and social concerns associated with some vegetable oil production practices, ensuring a more sustainable and responsible approach to feedstock utilization.


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Regional Insights

North America dominates the Global Liquid Biofuels Market in 2022. First and foremost, the United States, a major player in North America, has established itself as a leader in the biofuels industry. Robust government support, including policy frameworks such as the Renewable Fuel Standard (RFS), has been a key driver. The RFS mandates a certain volume of renewable fuels, including biofuels, to be blended into transportation fuels. Such regulatory measures create a stable and predictable market for biofuels, encouraging investments and fostering growth in the industry. Additionally, various tax incentives and subsidies further incentivize biofuel production and consumption, contributing to the region's dominance.

The agricultural strength of North America also plays a pivotal role. The abundance of arable land, particularly in the United States and Canada, provides ample resources for cultivating biofuel feedstocks, such as corn and soybeans. The large-scale production of these feedstocks contributes to the region's capability to meet the demand for biofuel production efficiently. Moreover, advancements in agricultural practices and technologies enhance yields and make the production of biofuel feedstocks more economically viable.

Technological innovation and research initiatives further bolster North America's dominance in the Liquid Biofuels market. The region has been at the forefront of developing and implementing advanced biofuel technologies, including cellulosic ethanol and next-generation biofuels. Investments in research and development contribute to the continuous improvement of biofuel production processes, making them more efficient and sustainable.

Furthermore, the strong commitment to sustainability and environmental awareness in North America, both among consumers and corporations, has driven the demand for biofuels. Companies increasingly adopt biofuels to align with corporate sustainability goals and respond to consumer preferences for cleaner, renewable energy sources. This demand-side push, coupled with supportive policies and a well-established infrastructure, positions North America as a dominant force in the global Liquid Biofuels market.

Recent Developments

  • In May 2020, a key player based in Canada named BC Hemp Corporation declared its future plans to build a biofuel plant in Prince George, which is in British Columbia for an evaluated value of around USD2 billion. In addition, by employing around 2500 people, the plant will be used for producing industrial-grade ethanol from the stock of hemp.
  • In February 2020, a key player based in Italy named NextChemcame in collaboration with a company situated in U.S. named Saola Energy in order to produce dieselwhich is renewable in nature from vegetable oils and residual fats. Furthermore, Saola will also employ its is omerization technologies and hydro-treatment in order to produce renewable diesel, while NextChem will provide the clients construction, engineering, and training services under the partnership.

Key Market Players

  • Archer Daniels Midland Company
  • Bangchak Corporation Public Company Limited
  • Renewable Energy Group, Inc.
  • CropEnergies AG
  • Green Plains Inc.
  • Valero Energy Corporation
  • POET, LLC
  • Algenol Biofuels, Inc.
  • Fulcrum BioEnergy, Inc.
  • Emami Agrotech Limited

By Product

By Feedstock

By Process

By Application

By Region

  • Biodiesel
  • Bioethanol
  • Others
  • Sugar Crops
  • Starch Crops
  • Vegetable Oils
  • Animal Fats
  • Others
  • Fermentation
  • Transesterification
  • Others
  • Transportation
  • Power Generation
  • Heat
  • North America
  • Europe
  • South America
  • Middle East & Africa
  • Asia Pacific

 

Report Scope:

In this report, the Global Liquid Biofuels Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Liquid Biofuels Market, By Product:

o   Biodiesel

o   Bioethanol

o   Others

  • Liquid Biofuels Market, By Feedstock:

o   Sugar Crops

o   Starch Crops

o   Vegetable Oils

o   Animal Fats

o   Others

  • Liquid Biofuels Market, By Process:

o   Fermentation

o   Transesterification

o   Others

  • Liquid Biofuels Market, By Application:

o   Transportation

o   Power Generation

o   Heat

  • Liquid Biofuels Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  Germany

§  France

§  United Kingdom

§  Italy

§  Spain

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

o   Middle East & Africa

§  Saudi Arabia

§  UAE

§  South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Liquid Biofuels Market.

Available Customizations:

Global Liquid Biofuels Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Liquid Biofuels Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.    Baseline Methodology

2.2.    Key Industry Partners

2.3.    Major Association and Secondary Sources

2.4.    Forecasting Methodology

2.5.    Data Triangulation & Validation

2.6.    Assumptions and Limitations

3.    Executive Summary

4.    Impact of COVID-19 on Global Liquid Biofuels Market

5.    Voice of Customer

6.    Global Liquid Biofuels Market Overview

7.    Global Liquid Biofuels Market Outlook

7.1.    Market Size & Forecast

7.1.1.    By Value

7.2.    Market Share & Forecast

7.2.1.  By Product (Biodiesel, Bioethanol, Others)

7.2.2.  By Feedstock (Sugar Crops, Starch Crops, Vegetable Oils, Animal Fats, Others)

7.2.3.  By Process (Fermentation, Transesterification, and Others)

7.2.4.  By Application (Transportation, Power Generation, Heat)

7.2.5.  By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3.    By Company (2022)

7.4.    Market Map

8.    North America Liquid Biofuels Market Outlook

8.1.    Market Size & Forecast

8.1.1.    By Value

8.2.    Market Share & Forecast

8.2.1.    By Product

8.2.2.    By Feedstock

8.2.3.    By Process

8.2.4.    By Application

8.2.5.    By Country

8.2.5.1.        United States Liquid Biofuels Market Outlook

8.2.5.1.1.        Market Size & Forecast

8.2.5.1.1.1.    By Value

8.2.5.1.2.        Market Share & Forecast

8.2.5.1.2.1.               By Product

8.2.5.1.2.2.               By Feedstock

8.2.5.1.2.3.               By Process

8.2.5.1.2.4.               By Application

8.2.5.2.        Canada Liquid Biofuels Market Outlook

8.2.5.2.1.        Market Size & Forecast

8.2.5.2.1.1.    By Value

8.2.5.2.2.        Market Share & Forecast

8.2.5.2.2.1.               By Product

8.2.5.2.2.2.               By Feedstock

8.2.5.2.2.3.               By Process

8.2.5.2.2.4.               By Application

8.2.5.3.        Mexico Liquid Biofuels Market Outlook

8.2.5.3.1.        Market Size & Forecast

8.2.5.3.1.1.    By Value

8.2.5.3.2.        Market Share & Forecast

8.2.5.3.2.1.               By Product

8.2.5.3.2.2.               By Feedstock

8.2.5.3.2.3.               By Process

8.2.5.3.2.4.               By Application

9.    Europe Liquid Biofuels Market Outlook

9.1.    Market Size & Forecast

9.1.1.  By Value

9.2.    Market Share & Forecast

9.2.1.    By Product

9.2.2.    By Feedstock

9.2.3.    By Process

9.2.4.    By Application

9.2.5.    By Country

9.2.5.1.        Germany Liquid Biofuels Market Outlook

9.2.5.1.1.        Market Size & Forecast

9.2.5.1.1.1.    By Value

9.2.5.1.2.        Market Share & Forecast

9.2.5.1.2.1.               By Product

9.2.5.1.2.2.               By Feedstock

9.2.5.1.2.3.               By Process

9.2.5.1.2.4.               By Application

9.2.5.2.        France Liquid Biofuels Market Outlook

9.2.5.2.1.        Market Size & Forecast

9.2.5.2.1.1.    By Value

9.2.5.2.2.        Market Share & Forecast

9.2.5.2.2.1.               By Product

9.2.5.2.2.2.               By Feedstock

9.2.5.2.2.3.               By Process

9.2.5.2.2.4.               By Application

9.2.5.3.        United Kingdom Liquid Biofuels Market Outlook

9.2.5.3.1.        Market Size & Forecast

9.2.5.3.1.1.    By Value

9.2.5.3.2.        Market Share & Forecast

9.2.5.3.2.1.               By Product

9.2.5.3.2.2.               By Feedstock

9.2.5.3.2.3.               By Process

9.2.5.3.2.4.               By Application

9.2.5.4.        Italy Liquid Biofuels Market Outlook

9.2.5.4.1.        Market Size & Forecast

9.2.5.4.1.1.    By Value

9.2.5.4.2.        Market Share & Forecast

9.2.5.4.2.1.               By Product

9.2.5.4.2.2.               By Feedstock

9.2.5.4.2.3.               By Process

9.2.5.4.2.4.               By Application

9.2.5.5.        Spain Liquid Biofuels Market Outlook

9.2.5.5.1.        Market Size & Forecast

9.2.5.5.1.1.    By Value

9.2.5.5.2.        Market Share & Forecast

9.2.5.5.2.1.               By Product

9.2.5.5.2.2.               By Feedstock

9.2.5.5.2.3.               By Process

9.2.5.5.2.4.               By Application

10. South America Liquid Biofuels Market Outlook

10.1. Market Size & Forecast

10.1.1.    By Value

10.2. Market Share & Forecast

10.2.1. By Product

10.2.2. By Feedstock

10.2.3. By Process

10.2.4. By Application

10.2.5. By Country

10.2.5.1.     Brazil Liquid Biofuels Market Outlook

10.2.5.1.1.   Market Size & Forecast

10.2.5.1.1.1.             By Value

10.2.5.1.2.   Market Share & Forecast

10.2.5.1.2.1.            By Product

10.2.5.1.2.2.            By Feedstock

10.2.5.1.2.3.            By Process

10.2.5.1.2.4.            By Application

10.2.5.2.     Colombia Liquid Biofuels Market Outlook

10.2.5.2.1.   Market Size & Forecast

10.2.5.2.1.1.             By Value

10.2.5.2.2.   Market Share & Forecast

10.2.5.2.2.1.            By Product

10.2.5.2.2.2.            By Feedstock

10.2.5.2.2.3.            By Process

10.2.5.2.2.4.            By Application

10.2.5.3.     Argentina Liquid Biofuels Market Outlook

10.2.5.3.1.   Market Size & Forecast

10.2.5.3.1.1.             By Value

10.2.5.3.2.   Market Share & Forecast

10.2.5.3.2.1.            By Product

10.2.5.3.2.2.            By Feedstock

10.2.5.3.2.3.            By Process

10.2.5.3.2.4.            By Application

11. Middle East & Africa Liquid Biofuels Market Outlook

11.1. Market Size & Forecast

11.1.1.    By Value

11.2. Market Share & Forecast

11.2.1. By Product

11.2.2. By Feedstock

11.2.3. By Process

11.2.4. By Application

11.2.5. By Country

11.2.5.1.     Saudi Arabia Liquid Biofuels Market Outlook

11.2.5.1.1.   Market Size & Forecast

11.2.5.1.1.1.             By Value

11.2.5.1.2.   Market Share & Forecast

11.2.5.1.2.1.            By Product

11.2.5.1.2.2.            By Feedstock

11.2.5.1.2.3.            By Process

11.2.5.1.2.4.            By Application

11.2.5.2.     UAE Liquid Biofuels Market Outlook

11.2.5.2.1.   Market Size & Forecast

11.2.5.2.1.1.             By Value

11.2.5.2.2.   Market Share & Forecast

11.2.5.2.2.1.            By Product

11.2.5.2.2.2.            By Feedstock

11.2.5.2.2.3.            By Process

11.2.5.2.2.4.            By Application

11.2.5.3.     South Africa Liquid Biofuels Market Outlook

11.2.5.3.1.   Market Size & Forecast

11.2.5.3.1.1.             By Value

11.2.5.3.2.   Market Share & Forecast

11.2.5.3.2.1.            By Product

11.2.5.3.2.2.            By Feedstock

11.2.5.3.2.3.            By Process

11.2.5.3.2.4.            By Application

12. Asia Pacific Liquid Biofuels Market Outlook

12.1. Market Size & Forecast

12.1.1.    By Value

12.2. Market Size & Forecast

12.2.1. By Product

12.2.2. By Feedstock

12.2.3. By Process

12.2.4. By Application

12.2.5. By Country

12.2.5.1.     China Liquid Biofuels Market Outlook

12.2.5.1.1.   Market Size & Forecast

12.2.5.1.1.1.             By Value

12.2.5.1.2.   Market Share & Forecast

12.2.5.1.2.1.            By Product

12.2.5.1.2.2.            By Feedstock

12.2.5.1.2.3.            By Process

12.2.5.1.2.4.            By Application

12.2.5.2.     India Liquid Biofuels Market Outlook

12.2.5.2.1.   Market Size & Forecast

12.2.5.2.1.1.             By Value

12.2.5.2.2.   Market Share & Forecast

12.2.5.2.2.1.            By Product

12.2.5.2.2.2.            By Feedstock

12.2.5.2.2.3.            By Process

12.2.5.2.2.4.            By Application

12.2.5.3.     Japan Liquid Biofuels Market Outlook

12.2.5.3.1.   Market Size & Forecast

12.2.5.3.1.1.             By Value

12.2.5.3.2.   Market Share & Forecast

12.2.5.3.2.1.            By Product

12.2.5.3.2.2.            By Feedstock

12.2.5.3.2.3.            By Process

12.2.5.3.2.4.            By Application

12.2.5.4.     South Korea Liquid Biofuels Market Outlook

12.2.5.4.1.   Market Size & Forecast

12.2.5.4.1.1.  By Value

12.2.5.4.2.   Market Share & Forecast

12.2.5.4.2.1.            By Product

12.2.5.4.2.2.            By Feedstock

12.2.5.4.2.3.            By Process

12.2.5.4.2.4.            By Application

12.2.5.5.     Australia Liquid Biofuels Market Outlook

12.2.5.5.1.   Market Size & Forecast

12.2.5.5.1.1.             By Value

12.2.5.5.2.   Market Share & Forecast

12.2.5.5.2.1.            By Product

12.2.5.5.2.2.            By Feedstock

12.2.5.5.2.3.            By Process

12.2.5.5.2.4.            By Application

13. Market Dynamics

13.1.   Drivers

13.2.   Challenges

14. Market Trends and Developments

15. Company Profiles

15.1.   Archer Daniels Midland Company

15.1.1.        Business Overview

15.1.2.        Key Revenue and Financials  

15.1.3.        Recent Developments

15.1.4.        Key Personnel

15.1.5.        Key Product/Services Offered

15.2.   Bangchak Corporation Public Company Limited

15.2.1.        Business Overview

15.2.2.        Key Revenue and Financials  

15.2.3.        Recent Developments

15.2.4.        Key Personnel

15.2.5.        Key Product/Services Offered

15.3.   Renewable Energy Group, Inc.

15.3.1.        Business Overview

15.3.2.        Key Revenue and Financials  

15.3.3.        Recent Developments

15.3.4.        Key Personnel

15.3.5.        Key Product/Services Offered

15.4.   CropEnergies AG

15.4.1.        Business Overview

15.4.2.        Key Revenue and Financials  

15.4.3.        Recent Developments

15.4.4.        Key Personnel

15.4.5.        Key Product/Services Offered

15.5.   Green Plains Inc.

15.5.1.        Business Overview

15.5.2.        Key Revenue and Financials  

15.5.3.        Recent Developments

15.5.4.        Key Personnel

15.5.5.        Key Product/Services Offered

15.6.   Valero Energy Corporation

15.6.1.        Business Overview

15.6.2.        Key Revenue and Financials  

15.6.3.        Recent Developments

15.6.4.        Key Personnel

15.6.5.        Key Product/Services Offered

15.7.   POET, LLC

15.7.1.        Business Overview

15.7.2.        Key Revenue and Financials  

15.7.3.        Recent Developments

15.7.4.        Key Personnel

15.7.5.        Key Product/Services Offered

15.8.   Algenol Biofuels, Inc.

15.8.1.        Business Overview

15.8.2.        Key Revenue and Financials  

15.8.3.        Recent Developments

15.8.4.        Key Personnel

15.8.5.        Key Product/Services Offered

15.9.   Fulcrum BioEnergy, Inc.

15.9.1.        Business Overview

15.9.2.        Key Revenue and Financials  

15.9.3.        Recent Developments

15.9.4.        Key Personnel

15.9.5.        Key Product/Services Offered

15.10.Emami Agrotech Limited

15.10.1.     Business Overview

15.10.2.     Key Revenue and Financials  

15.10.3.     Recent Developments

15.10.4.     Key Personnel

15.10.5.     Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the global liquid biofuels market was USD 81.09 Billion in 2022.

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Biodiesel was the dominant segment in the global liquid biofuels market in 2022 by product.

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The challenges in the global liquid biofuels market include feedstock availability and competition with food crops, land use change and environmental impact, technological and infrastructure barriers, economic viability and price competitiveness, etc.

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The major drivers for the global liquid biofuels market include renewable energy transition and climate change mitigation, energy security and diversification of fuel sources, supportive government policies and incentives, technological advancements in biofuel production, etc.

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Parvati Sharma

Account Manager BD
Press Release

Liquid Biofuels Market Expands with Biodiesel Segment at a robust CAGR of 6.65%

Nov, 2023

The increasing global liquid biofuels market is driven by renewable energy transition and climate change mitigation, energy security and diversification of fuel sources demand during the forecast per