Liquid biofuel is an energy-efficient alternative and helps reduce energy security risks and pollution levels
The Liquid Biofuel Market size is projected to reach a CAGR of 7.1% from 2022 to 2028.
Liquid biofuel is an energy-efficient alternative and helps reduce energy security risks and pollution levels associated with the combustion of fossil fuels. Hence it can be blended in large quantities with traditional fossil fuels for use in applications such as transportation. Although biodiesel has the ability to replace conventional fuel, its production capacity is not enough to meet the current demand.
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Diminishing fossil fuel-based resources and rising awareness regarding environment protection are some of the factors that have supported long-term expansion for Liquid Biofuel Market.
Recent Developments
August 2018 Archer Daniels Midland Company (ADM) launched a new oilseeds facility in Egypt in collaboration Cargill Inc. to gain a prominent presence in the Middle East and Europe markets.
Prominent Players
- Archer Daniels Midland Company
- Gevo
- Green Plains
- Wilmar International
- Algenol
- Pacific Ethanol Inc.
- Valero Energy Corp.
- Petrobras; Butamax
- Renewable Energy Corp.
- Bunge North America Inc
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North America to Dominate the Market
North America has dominated the global market over the past few years, owing to the abundance of feedstock and arable area for biofuel production. U.S., Brazil, the European Union, and China are anticipated to be some of the major regions driving the demand for liquid biofuels.
Liquid Biofuel Market Segmentation:
On the basis of Product
· Biodiesel
· Bioethanol
· Others
On the basis of Application
· Transportation Fuel
· Power Generation
· Thermal Heating
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
In addition to the market data for Liquid Biofuel Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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