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Advanced Biofuels Market Outlook (2023 to 2033)

The global advanced biofuels market is anticipated to generate revenues of US$ 19,282.5 million in 2023. Demand for advanced biofuels is anticipated to increase at a CAGR of 8.4% and reach US$ 43,197.3 million by 2033.

In the automotive industry, the popularity of advanced biofuels has experienced new scales. Passengers may experience the same efficiency whether they are using advanced biofuels in the automobile or aviation market.

The development of advanced biofuels for use in the transportation industry is also largely influenced by rigorous governmental requirements. For instance, in North America, advanced biofuels enable projects to reach financial equilibrium and the acquisition of carbon credits.

Growth Factors of the Advanced Biofuels Industry

  • Fossil fuel vs. biofuels has been a hot debate for many years. Advanced biofuels act as an alternative and assist countries to increase their energy security.
  • As advanced biofuels have the potential to drastically lower carbon emissions, it lessens the negative effects of fossil fuel consumption on the environment. As a result, market participants are likely to expand their scope in the global industry.
  • Demand for advanced biofuels is being boosted by favorable government regulations in leading nations.

Restraining Factors for Advanced Biofuels Adoption

  • The demand for advanced biofuels is impacted by a lack of knowledge about second-generation biofuels, particularly in the Asia Pacific area.
  • The production of advanced biofuels and the availability of feedstock do not correspond to the world's energy demand. That increased the price and hindered the global market.
  • To expand the market, technical obstacles must be overcome. There are difficulties with technological maturity and scalability for many sophisticated biofuels conversion technologies since they are still in the early phases of research.

Opportunities Benefiting the Advanced Biofuels Manufacturers

  • The adoption of second-generation biofuels in several end-use industries, including the industrial and energy sectors, is encouraged by favorable government laws.
  • Stakeholders' concerns about the sustainability of first-generation biofuels are rising, which raises the sales of advanced biofuels.
  • Massive expenditures are being made by several organizations' research and development departments for the conversion of biomass into biofuels. As there are now just a few competitors in the advanced biofuels sector, there is room for new entrants.
  • Given the current trend towards renewable energy sources, this sector is expected to see significant investment during the forecast period.
Attributes Details
Advanced Biofuels Market CAGR (2023 to 2033) 8.4%
Advanced Biofuels Market Size (2023) US$ 19,282.5 million
Advanced Biofuels Market Size (2033) US$ 43,197.3 million

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Advanced Biofuels Market Analysis: Historical Growth vs. Future Demand Demand Analysis 2018 to 2022

The advanced biofuels industry showed tenacity and expanded at a CAGR of 7.1% from 2018 to 2022. It had a valuation of US$ 13,570.11 million in 2018 and worth US$ 17,854.2 in 2022 million.

Businesses concentrated on increasing their geographic reach, enhancing manufacturing methods, and diversifying feedstocks. To improve the value chain and spur growth, the industry saw a surge in partnerships between feedstock suppliers, technology developers, and fuel producers.

Future Demand Analysis 2023 to 2033

Research is being done on other feedstocks that are used to make biofuels, as well as ecologically friendly and less damaging production techniques. This undoubtedly offers up a lot more alternatives in the future.

In terms of market expansion, it is projected that, in response to regulatory obligations, the blending of biofuels in automotive fuels is likely to increase due to consumer demand for safe, clean, and sustainable energy.

As a result, the market is expected to have an incremental opportunity of US$ 23,914.8 million between 2023 and 2033, reaching US$ 43,197.3 million by that time.

Recent Trends Prevailing in the Advanced Biofuels Business

  • There are several potentials in the energy industry for the advanced biofuels sector to expand.
    • This is anticipated to replace conventional fuels, such as diesel and petrol.
    • Government rules and public opinion are in favor of hydrogen as a fuel, since it emits fewer NOx, SOx, and GHGs than other forms of energy, making it a cleaner, greener alternative.
  • The market is home to several sustainable advanced biofuel technologies.
    • These innovations seek to increase the efficiency and sustainability of the production of biofuels.
    • To achieve widespread adoption in the market, it is crucial to keep developing these technologies to increase their cost-effectiveness, efficacy, and scalability.

Comparative View of the Market

Advanced Biofuels Market:

Attributes Advanced Biofuels Market
CAGR (2023 to 2033) 8.4%
Market Value (2033) US$ 43,197.3 million
Growth Factor Surging adoption in the automotive sector
Opportunity Rising alternative energy demand
Trends Growing need for sustainable technologies in the market

Biomass Pellets Market:

Attributes Biomass Pellets Market
CAGR (2023 to 2033) 6.7%
Market Value (2033) US$ 20,409.2 million
Growth Factor Adoption of sustainable approaches to solve environmental concerns
Opportunity Growing need for modernized heating applications
Trends Economic advantages of biomass derived energy sources

Biofuel Testing Services Market:

Attributes Biofuel Testing Services Market
CAGR (2023 to 2033) 7%
Market Value (2033) US$ 5,157.07 million
Growth Factor Rising production capacities
Opportunity Surging presence of refineries
Trends Standardization of biofuels
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Regional Analysis

Well-established Transportation Infrastructure Built up the United States Advanced Biofuels Market Share

Country United States
Market Size (2022) US$ 23,790 million
Market Share (2023) 23.5%

North America dominates the advanced biofuels market as a result of rising demand for cleaner-burning transportation fuels, notably in the United States. Additionally, the target industry is anticipated to have significant growth due to the existence of big players and tactics that are executed by the top companies.

With key expenditures in research and developments and a big number of biofuel patents to its name, the United States is the region's top producer of advanced biofuels.

The nation's demand for advanced biofuels is driven by strict regulations. Policies like California's low carbon fuel standard call for decreases in the carbon intensity of fuels throughout their life cycles. These regulations increase sales of advanced biofuels and encourage the use of cutting-edge, innovative fuels.

Asia Pacific Demand for Advanced Biofuels Influenced by Emerging Economies

Country Market CAGR (2023 to 2033)
China 8.8%
India 9.5%

Due to growing awareness of the use of advanced biofuels in emerging economies, Asia Pacific is projected to have a CAGR that stands out. Also, the key competitors in the sector are making significant investments to get a competitive advantage in the Asia Pacific market.

For instance, the Asian Development Bank allocated US$ 2.5 million in technical assistance for 2020 to help India's development of advanced biofuels.

To gradually raise the blending ratio to 20% by 2028, the Indian government and petroleum marketing firms are actively pushing the blending of 10% ethanol in motor fuel.

In terms of commercializing advanced biofuels, China has made great progress. Across the nation, several demonstrations and commercial-scale biofuel initiatives have been created.

For instance, factories are producing cellulosic ethanol that uses agricultural waste as a feedstock. Businesses are also investing in technology that converts trash into fuel and produces biofuels using algae.

Japan is likewise becoming more vital to the global industry. Japan has established blending goals for biofuels, with ethanol in petrol being a top priority. To lower carbon emissions and promote fuel economy, the government wants to raise the ethanol blending percentage.

Due to the increased market demand for biofuels, manufacturers are being encouraged to increase their production capacity in Japan, and it is likely to hold a share of 5.2% in 2023.

Rising Applications of Advanced Biofuels in the United Kingdom Market Proliferate the Global Share

With a CAGR of 6.3% in 2023, the market in the United Kingdom is anticipated to expand rapidly. The market's second-leading area in the world is the United Kingdom. The adoption of advanced biofuels is being driven by robust levels of research, technology, and demonstration activity in Europe. This point to future market growth for applications in sea, air, and marine transportation.

Regional Developments in the Advanced Biofuels Industry

  • In the spring of 2022, Canada is set to publish the final regulations for its Clean Fuel Standards Program. A 15% national average ethanol mix objective is part of the Clean Fuel Standards Program.
  • The ARENA (Australian Renewable Energy Agency) promoted the development of advanced biofuels in Australia. Australia is expected to have a market share of 0.8% in 2023.
  • High standards were set for the nation's advanced biofuels business by the recently signed United States Renewable Fuels Standard (RFS), which was a component of the updated Energy Bill.
    • It established a target for annual biofuel production of 36,000 million gallons, mostly for ethanol and biodiesel.
    • It defined 21,000 million gallons coming from "advanced biofuels," which are made by utilizing a variety of feedstocks and technology.
  • Repsol began constructing a biofuel facility in Spain in March 2022. Almost US$ 210.33 million is the amount the corporation plans to invest in the project. If completed, the facility is likely to manufacture 250,000 tonnes of advanced biofuels annually, including bio naphtha, biodiesel, bio jet, and propane. In 2023, the brand-new facility is anticipated to be in use.

Category Analysis

Based on Type

  • Biodiesel is expected to have a leading market share of 46.1% in 2023.
  • Homogeneous catalytic conversion is the traditional process for making biodiesel. Nevertheless, increased production costs associated with further stages of purification have driven the development of more inexpensive and ecologically friendly techniques.
  • Modern manufacturing processes produce biodiesel using heterogeneous or enzymatic catalysts, as well as supercritical conditions, without the need for a catalyst.
  • World biodiesel production increased by roughly 3% from 2020 to 734 thousand barrels of oil equivalent per day. In 2021, the amount of fuel produced by top producers of biodiesel globally are:
    • Indonesia- 6900 million liters
    • The United States- 9500 million liters
    • Brazil- 6.2 million liters

Based on Raw Material

  • Energy crops are expected to hold the leading share of 59.3% in 2023.
  • Traditional biofuels frequently employ food crops like maize or sugarcane as feedstocks, which makes it a less preferred option. As a result, advanced biofuels made from energy crops lessen rivalry with food production. This enables sustainable feedstock procurement for the production of biofuels and helps address concerns about food security.
  • Energy crops are likely to expand as a dependable and sustainable feedstock source for the production of advanced biofuels. This is owing to the ongoing improvements in agricultural yield and sustainable farming techniques.

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How Key Players in the Advanced Biofuels Market Reshaping the World of Sustainability

By establishing best practices, coordinating research, and policy, and supporting uniform sustainability standards, international cooperation hastens the adoption of advanced biofuels.

In 2021, the key players invested globally in liquid biofuels more than quadrupled to slightly over US$ 8,000 million. Although ethanol investment also nearly doubled, two-thirds of this gain was in biodiesel, driven by growing investment in renewable diesel. To utilize current waste and residual feedstocks sustainably, market participants must diversify biofuel production technologies.

Recent Developments:

  • In May 2022: To build the best biofuel production and distribution hub in the world, a group of leading energy sector businesses, led by SGP BioEnergy, joined forces with the Panamanian government.
    • The Biorefinería Ciudad Dorada is likely to be built in Colon and Balboa Panama.
    • In five years, it is expected to be the world's leading advanced biorefinery and Sustainable Aviation Fuel production platform, producing 180,000 barrels of biofuels per day.
  • A pioneer in bio-based chemicals, Genomatica announced in June 2019 that it has acquired several assets from Renewable Energy Group Inc.'s REG Life Sciences business.

Key Players

  • Abengoa Bioenergy
  • Inbicon A/S
  • A2BE Carbon Capture, LLC.
  • Clariant
  • Bangchak Petroleum Plc.
  • DowDuPont Inc.
  • Fujian Zhongde Energy Co., Ltd
  • Algenol Biotech
  • GranBio
  • Chemtex Company

Key Segments

By Type:

  • Cellulosic Biofuel
  • Biodiesel
  • Others (Bio-butanol, etc.)

By Raw Materials:

  • Energy Crops
  • Municipal Solid Waste
  • Others (Green Waste, etc.)

By Process:

  • Thermochemical
  • Biochemical

Frequently Asked Questions

What is the Advanced Biofuels Market size in 2023? 

The market is valued at US$ 19.2 billion in 2023. 

Which are the Key Market Players? 

Abengoa Bioenergy, and Inbicon A/S are key market players. 

How the Market May Transform by 2033? 

The market could reach US$ 43.1 billion in 2033. 

Which is the Key Segment by Type in the Advanced Biofuels Market? 

Biodiesel segment is likely to remain preferred through 2033. 

How the Market Performed in the Past?

From 2018 to 2022, the market registered a CAGR of 7.1%. 

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and Their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyers

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Litre) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Litre) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Litre) Analysis By Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Litre) Analysis and Forecast By Type, 2023 to 2033

        5.3.1. Cellulosic Biofuel

        5.3.2. Biodiesel

        5.3.3. Others

    5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Raw Materials

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Litre) Analysis By Raw Materials, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Litre) Analysis and Forecast By Raw Materials, 2023 to 2033

        6.3.1. Energy Crops

        6.3.2. Municipal Solid Waste

        6.3.3. Others

    6.4. Y-o-Y Growth Trend Analysis By Raw Materials, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Raw Materials, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Process

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Litre) Analysis By Process, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Litre) Analysis and Forecast By Process, 2023 to 2033

        7.3.1. Thermochemical

        7.3.2. Biochemical

    7.4. Y-o-Y Growth Trend Analysis By Process, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Process, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ Million) & Volume (Litre) Analysis By Region, 2018 to 2022

    8.3. Current Market Size Value (US$ Million) & Volume (Litre) Analysis and Forecast By Region, 2023 to 2033

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Europe

        8.3.4. Asia Pacific

        8.3.5. MEA

    8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) & Volume (Litre) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) & Volume (Litre) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. USA

            9.2.1.2. Canada

        9.2.2. By Type

        9.2.3. By Raw Materials

        9.2.4. By Process

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Type

        9.3.3. By Raw Materials

        9.3.4. By Process

    9.4. Key Takeaways

10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Litre) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) & Volume (Litre) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Brazil

            10.2.1.2. Mexico

            10.2.1.3. Rest of Latin America

        10.2.2. By Type

        10.2.3. By Raw Materials

        10.2.4. By Process

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Type

        10.3.3. By Raw Materials

        10.3.4. By Process

    10.4. Key Takeaways

11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Litre) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Litre) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. UK

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. Rest of Europe

        11.2.2. By Type

        11.2.3. By Raw Materials

        11.2.4. By Process

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Type

        11.3.3. By Raw Materials

        11.3.4. By Process

    11.4. Key Takeaways

12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Litre) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Litre) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. China

            12.2.1.2. Japan

            12.2.1.3. South Korea

            12.2.1.4. Singapore

            12.2.1.5. Thailand

            12.2.1.6. Indonesia

            12.2.1.7. Australia

            12.2.1.8. New Zealand

            12.2.1.9. Rest of Asia Pacific

        12.2.2. By Type

        12.2.3. By Raw Materials

        12.2.4. By Process

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Type

        12.3.3. By Raw Materials

        12.3.4. By Process

    12.4. Key Takeaways

13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Litre) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Litre) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. GCC Countries

            13.2.1.2. South Africa

            13.2.1.3. Israel

            13.2.1.4. Rest of MEA

        13.2.2. By Type

        13.2.3. By Raw Materials

        13.2.4. By Process

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Type

        13.3.3. By Raw Materials

        13.3.4. By Process

    13.4. Key Takeaways

14. Key Countries Market Analysis

    14.1. USA

        14.1.1. Pricing Analysis

        14.1.2. Market Share Analysis, 2022

            14.1.2.1. By Type

            14.1.2.2. By Raw Materials

            14.1.2.3. By Process

    14.2. Canada

        14.2.1. Pricing Analysis

        14.2.2. Market Share Analysis, 2022

            14.2.2.1. By Type

            14.2.2.2. By Raw Materials

            14.2.2.3. By Process

    14.3. Brazil

        14.3.1. Pricing Analysis

        14.3.2. Market Share Analysis, 2022

            14.3.2.1. By Type

            14.3.2.2. By Raw Materials

            14.3.2.3. By Process

    14.4. Mexico

        14.4.1. Pricing Analysis

        14.4.2. Market Share Analysis, 2022

            14.4.2.1. By Type

            14.4.2.2. By Raw Materials

            14.4.2.3. By Process

    14.5. Germany

        14.5.1. Pricing Analysis

        14.5.2. Market Share Analysis, 2022

            14.5.2.1. By Type

            14.5.2.2. By Raw Materials

            14.5.2.3. By Process

    14.6. UK

        14.6.1. Pricing Analysis

        14.6.2. Market Share Analysis, 2022

            14.6.2.1. By Type

            14.6.2.2. By Raw Materials

            14.6.2.3. By Process

    14.7. France

        14.7.1. Pricing Analysis

        14.7.2. Market Share Analysis, 2022

            14.7.2.1. By Type

            14.7.2.2. By Raw Materials

            14.7.2.3. By Process

    14.8. Spain

        14.8.1. Pricing Analysis

        14.8.2. Market Share Analysis, 2022

            14.8.2.1. By Type

            14.8.2.2. By Raw Materials

            14.8.2.3. By Process

    14.9. Italy

        14.9.1. Pricing Analysis

        14.9.2. Market Share Analysis, 2022

            14.9.2.1. By Type

            14.9.2.2. By Raw Materials

            14.9.2.3. By Process

    14.10. China

        14.10.1. Pricing Analysis

        14.10.2. Market Share Analysis, 2022

            14.10.2.1. By Type

            14.10.2.2. By Raw Materials

            14.10.2.3. By Process

    14.11. Japan

        14.11.1. Pricing Analysis

        14.11.2. Market Share Analysis, 2022

            14.11.2.1. By Type

            14.11.2.2. By Raw Materials

            14.11.2.3. By Process

    14.12. South Korea

        14.12.1. Pricing Analysis

        14.12.2. Market Share Analysis, 2022

            14.12.2.1. By Type

            14.12.2.2. By Raw Materials

            14.12.2.3. By Process

    14.13. Singapore

        14.13.1. Pricing Analysis

        14.13.2. Market Share Analysis, 2022

            14.13.2.1. By Type

            14.13.2.2. By Raw Materials

            14.13.2.3. By Process

    14.14. Thailand

        14.14.1. Pricing Analysis

        14.14.2. Market Share Analysis, 2022

            14.14.2.1. By Type

            14.14.2.2. By Raw Materials

            14.14.2.3. By Process

    14.15. Indonesia

        14.15.1. Pricing Analysis

        14.15.2. Market Share Analysis, 2022

            14.15.2.1. By Type

            14.15.2.2. By Raw Materials

            14.15.2.3. By Process

    14.16. Australia

        14.16.1. Pricing Analysis

        14.16.2. Market Share Analysis, 2022

            14.16.2.1. By Type

            14.16.2.2. By Raw Materials

            14.16.2.3. By Process

    14.17. New Zealand

        14.17.1. Pricing Analysis

        14.17.2. Market Share Analysis, 2022

            14.17.2.1. By Type

            14.17.2.2. By Raw Materials

            14.17.2.3. By Process

    14.18. GCC Countries

        14.18.1. Pricing Analysis

        14.18.2. Market Share Analysis, 2022

            14.18.2.1. By Type

            14.18.2.2. By Raw Materials

            14.18.2.3. By Process

    14.19. South Africa

        14.19.1. Pricing Analysis

        14.19.2. Market Share Analysis, 2022

            14.19.2.1. By Type

            14.19.2.2. By Raw Materials

            14.19.2.3. By Process

    14.20. Israel

        14.20.1. Pricing Analysis

        14.20.2. Market Share Analysis, 2022

            14.20.2.1. By Type

            14.20.2.2. By Raw Materials

            14.20.2.3. By Process

15. Market Structure Analysis

    15.1. Competition Dashboard

    15.2. Competition Benchmarking

    15.3. Market Share Analysis of Top Players

        15.3.1. By Regional

        15.3.2. By Type

        15.3.3. By Raw Materials

        15.3.4. By Process

16. Competition Analysis

    16.1. Competition Deep Dive

        16.1.1. Neste Corporation

            16.1.1.1. Overview

            16.1.1.2. Product Portfolio

            16.1.1.3. Profitability by Market Segments

            16.1.1.4. Sales Footprint

            16.1.1.5. Strategy Overview

                16.1.1.5.1. Marketing Strategy

                16.1.1.5.2. Product Strategy

                16.1.1.5.3. Channel Strategy

        16.1.2. Renewable Energy Group (REG)

            16.1.2.1. Overview

            16.1.2.2. Product Portfolio

            16.1.2.3. Profitability by Market Segments

            16.1.2.4. Sales Footprint

            16.1.2.5. Strategy Overview

                16.1.2.5.1. Marketing Strategy

                16.1.2.5.2. Product Strategy

                16.1.2.5.3. Channel Strategy

        16.1.3. Gevo, Inc

            16.1.3.1. Overview

            16.1.3.2. Product Portfolio

            16.1.3.3. Profitability by Market Segments

            16.1.3.4. Sales Footprint

            16.1.3.5. Strategy Overview

                16.1.3.5.1. Marketing Strategy

                16.1.3.5.2. Product Strategy

                16.1.3.5.3. Channel Strategy

        16.1.4. Velocys plc

            16.1.4.1. Overview

            16.1.4.2. Product Portfolio

            16.1.4.3. Profitability by Market Segments

            16.1.4.4. Sales Footprint

            16.1.4.5. Strategy Overview

                16.1.4.5.1. Marketing Strategy

                16.1.4.5.2. Product Strategy

                16.1.4.5.3. Channel Strategy

        16.1.5. Amyris, Inc

            16.1.5.1. Overview

            16.1.5.2. Product Portfolio

            16.1.5.3. Profitability by Market Segments

            16.1.5.4. Sales Footprint

            16.1.5.5. Strategy Overview

                16.1.5.5.1. Marketing Strategy

                16.1.5.5.2. Product Strategy

                16.1.5.5.3. Channel Strategy

        16.1.6. LanzaTech

            16.1.6.1. Overview

            16.1.6.2. Product Portfolio

            16.1.6.3. Profitability by Market Segments

            16.1.6.4. Sales Footprint

            16.1.6.5. Strategy Overview

                16.1.6.5.1. Marketing Strategy

                16.1.6.5.2. Product Strategy

                16.1.6.5.3. Channel Strategy

        16.1.7. REG Life Sciences

            16.1.7.1. Overview

            16.1.7.2. Product Portfolio

            16.1.7.3. Profitability by Market Segments

            16.1.7.4. Sales Footprint

            16.1.7.5. Strategy Overview

                16.1.7.5.1. Marketing Strategy

                16.1.7.5.2. Product Strategy

                16.1.7.5.3. Channel Strategy

        16.1.8. TotalEnergies

            16.1.8.1. Overview

            16.1.8.2. Product Portfolio

            16.1.8.3. Profitability by Market Segments

            16.1.8.4. Sales Footprint

            16.1.8.5. Strategy Overview

                16.1.8.5.1. Marketing Strategy

                16.1.8.5.2. Product Strategy

                16.1.8.5.3. Channel Strategy

        16.1.9. Diamond Green Diesel

            16.1.9.1. Overview

            16.1.9.2. Product Portfolio

            16.1.9.3. Profitability by Market Segments

            16.1.9.4. Sales Footprint

            16.1.9.5. Strategy Overview

                16.1.9.5.1. Marketing Strategy

                16.1.9.5.2. Product Strategy

                16.1.9.5.3. Channel Strategy

        16.1.10. Clariant

            16.1.10.1. Overview

            16.1.10.2. Product Portfolio

            16.1.10.3. Profitability by Market Segments

            16.1.10.4. Sales Footprint

            16.1.10.5. Strategy Overview

                16.1.10.5.1. Marketing Strategy

                16.1.10.5.2. Product Strategy

                16.1.10.5.3. Channel Strategy

17. Assumptions & Acronyms Used

18. Research Methodology

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List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033

Table 2: Global Market Volume (Litre) Forecast by Region, 2018 to 2033

Table 3: Global Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 4: Global Market Volume (Litre) Forecast by Type, 2018 to 2033

Table 5: Global Market Value (US$ Million) Forecast by Raw Materials, 2018 to 2033

Table 6: Global Market Volume (Litre) Forecast by Raw Materials, 2018 to 2033

Table 7: Global Market Value (US$ Million) Forecast by Process, 2018 to 2033

Table 8: Global Market Volume (Litre) Forecast by Process, 2018 to 2033

Table 9: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 10: North America Market Volume (Litre) Forecast by Country, 2018 to 2033

Table 11: North America Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 12: North America Market Volume (Litre) Forecast by Type, 2018 to 2033

Table 13: North America Market Value (US$ Million) Forecast by Raw Materials, 2018 to 2033

Table 14: North America Market Volume (Litre) Forecast by Raw Materials, 2018 to 2033

Table 15: North America Market Value (US$ Million) Forecast by Process, 2018 to 2033

Table 16: North America Market Volume (Litre) Forecast by Process, 2018 to 2033

Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 18: Latin America Market Volume (Litre) Forecast by Country, 2018 to 2033

Table 19: Latin America Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 20: Latin America Market Volume (Litre) Forecast by Type, 2018 to 2033

Table 21: Latin America Market Value (US$ Million) Forecast by Raw Materials, 2018 to 2033

Table 22: Latin America Market Volume (Litre) Forecast by Raw Materials, 2018 to 2033

Table 23: Latin America Market Value (US$ Million) Forecast by Process, 2018 to 2033

Table 24: Latin America Market Volume (Litre) Forecast by Process, 2018 to 2033

Table 25: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 26: Europe Market Volume (Litre) Forecast by Country, 2018 to 2033

Table 27: Europe Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 28: Europe Market Volume (Litre) Forecast by Type, 2018 to 2033

Table 29: Europe Market Value (US$ Million) Forecast by Raw Materials, 2018 to 2033

Table 30: Europe Market Volume (Litre) Forecast by Raw Materials, 2018 to 2033

Table 31: Europe Market Value (US$ Million) Forecast by Process, 2018 to 2033

Table 32: Europe Market Volume (Litre) Forecast by Process, 2018 to 2033

Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 34: Asia Pacific Market Volume (Litre) Forecast by Country, 2018 to 2033

Table 35: Asia Pacific Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 36: Asia Pacific Market Volume (Litre) Forecast by Type, 2018 to 2033

Table 37: Asia Pacific Market Value (US$ Million) Forecast by Raw Materials, 2018 to 2033

Table 38: Asia Pacific Market Volume (Litre) Forecast by Raw Materials, 2018 to 2033

Table 39: Asia Pacific Market Value (US$ Million) Forecast by Process, 2018 to 2033

Table 40: Asia Pacific Market Volume (Litre) Forecast by Process, 2018 to 2033

Table 41: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 42: MEA Market Volume (Litre) Forecast by Country, 2018 to 2033

Table 43: MEA Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 44: MEA Market Volume (Litre) Forecast by Type, 2018 to 2033

Table 45: MEA Market Value (US$ Million) Forecast by Raw Materials, 2018 to 2033

Table 46: MEA Market Volume (Litre) Forecast by Raw Materials, 2018 to 2033

Table 47: MEA Market Value (US$ Million) Forecast by Process, 2018 to 2033

Table 48: MEA Market Volume (Litre) Forecast by Process, 2018 to 2033
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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List of Charts

Figure 1: Global Market Value (US$ Million) by Type, 2023 to 2033

Figure 2: Global Market Value (US$ Million) by Raw Materials, 2023 to 2033

Figure 3: Global Market Value (US$ Million) by Process, 2023 to 2033

Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033

Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033

Figure 6: Global Market Volume (Litre) Analysis by Region, 2018 to 2033

Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 9: Global Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 10: Global Market Volume (Litre) Analysis by Type, 2018 to 2033

Figure 11: Global Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 12: Global Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 13: Global Market Value (US$ Million) Analysis by Raw Materials, 2018 to 2033

Figure 14: Global Market Volume (Litre) Analysis by Raw Materials, 2018 to 2033

Figure 15: Global Market Value Share (%) and BPS Analysis by Raw Materials, 2023 to 2033

Figure 16: Global Market Y-o-Y Growth (%) Projections by Raw Materials, 2023 to 2033

Figure 17: Global Market Value (US$ Million) Analysis by Process, 2018 to 2033

Figure 18: Global Market Volume (Litre) Analysis by Process, 2018 to 2033

Figure 19: Global Market Value Share (%) and BPS Analysis by Process, 2023 to 2033

Figure 20: Global Market Y-o-Y Growth (%) Projections by Process, 2023 to 2033

Figure 21: Global Market Attractiveness by Type, 2023 to 2033

Figure 22: Global Market Attractiveness by Raw Materials, 2023 to 2033

Figure 23: Global Market Attractiveness by Process, 2023 to 2033

Figure 24: Global Market Attractiveness by Region, 2023 to 2033

Figure 25: North America Market Value (US$ Million) by Type, 2023 to 2033

Figure 26: North America Market Value (US$ Million) by Raw Materials, 2023 to 2033

Figure 27: North America Market Value (US$ Million) by Process, 2023 to 2033

Figure 28: North America Market Value (US$ Million) by Country, 2023 to 2033

Figure 29: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 30: North America Market Volume (Litre) Analysis by Country, 2018 to 2033

Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 33: North America Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 34: North America Market Volume (Litre) Analysis by Type, 2018 to 2033

Figure 35: North America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 36: North America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 37: North America Market Value (US$ Million) Analysis by Raw Materials, 2018 to 2033

Figure 38: North America Market Volume (Litre) Analysis by Raw Materials, 2018 to 2033

Figure 39: North America Market Value Share (%) and BPS Analysis by Raw Materials, 2023 to 2033

Figure 40: North America Market Y-o-Y Growth (%) Projections by Raw Materials, 2023 to 2033

Figure 41: North America Market Value (US$ Million) Analysis by Process, 2018 to 2033

Figure 42: North America Market Volume (Litre) Analysis by Process, 2018 to 2033

Figure 43: North America Market Value Share (%) and BPS Analysis by Process, 2023 to 2033

Figure 44: North America Market Y-o-Y Growth (%) Projections by Process, 2023 to 2033

Figure 45: North America Market Attractiveness by Type, 2023 to 2033

Figure 46: North America Market Attractiveness by Raw Materials, 2023 to 2033

Figure 47: North America Market Attractiveness by Process, 2023 to 2033

Figure 48: North America Market Attractiveness by Country, 2023 to 2033

Figure 49: Latin America Market Value (US$ Million) by Type, 2023 to 2033

Figure 50: Latin America Market Value (US$ Million) by Raw Materials, 2023 to 2033

Figure 51: Latin America Market Value (US$ Million) by Process, 2023 to 2033

Figure 52: Latin America Market Value (US$ Million) by Country, 2023 to 2033

Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 54: Latin America Market Volume (Litre) Analysis by Country, 2018 to 2033

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 57: Latin America Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 58: Latin America Market Volume (Litre) Analysis by Type, 2018 to 2033

Figure 59: Latin America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 61: Latin America Market Value (US$ Million) Analysis by Raw Materials, 2018 to 2033

Figure 62: Latin America Market Volume (Litre) Analysis by Raw Materials, 2018 to 2033

Figure 63: Latin America Market Value Share (%) and BPS Analysis by Raw Materials, 2023 to 2033

Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Raw Materials, 2023 to 2033

Figure 65: Latin America Market Value (US$ Million) Analysis by Process, 2018 to 2033

Figure 66: Latin America Market Volume (Litre) Analysis by Process, 2018 to 2033

Figure 67: Latin America Market Value Share (%) and BPS Analysis by Process, 2023 to 2033

Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Process, 2023 to 2033

Figure 69: Latin America Market Attractiveness by Type, 2023 to 2033

Figure 70: Latin America Market Attractiveness by Raw Materials, 2023 to 2033

Figure 71: Latin America Market Attractiveness by Process, 2023 to 2033

Figure 72: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 73: Europe Market Value (US$ Million) by Type, 2023 to 2033

Figure 74: Europe Market Value (US$ Million) by Raw Materials, 2023 to 2033

Figure 75: Europe Market Value (US$ Million) by Process, 2023 to 2033

Figure 76: Europe Market Value (US$ Million) by Country, 2023 to 2033

Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 78: Europe Market Volume (Litre) Analysis by Country, 2018 to 2033

Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 81: Europe Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 82: Europe Market Volume (Litre) Analysis by Type, 2018 to 2033

Figure 83: Europe Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 84: Europe Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 85: Europe Market Value (US$ Million) Analysis by Raw Materials, 2018 to 2033

Figure 86: Europe Market Volume (Litre) Analysis by Raw Materials, 2018 to 2033

Figure 87: Europe Market Value Share (%) and BPS Analysis by Raw Materials, 2023 to 2033

Figure 88: Europe Market Y-o-Y Growth (%) Projections by Raw Materials, 2023 to 2033

Figure 89: Europe Market Value (US$ Million) Analysis by Process, 2018 to 2033

Figure 90: Europe Market Volume (Litre) Analysis by Process, 2018 to 2033

Figure 91: Europe Market Value Share (%) and BPS Analysis by Process, 2023 to 2033

Figure 92: Europe Market Y-o-Y Growth (%) Projections by Process, 2023 to 2033

Figure 93: Europe Market Attractiveness by Type, 2023 to 2033

Figure 94: Europe Market Attractiveness by Raw Materials, 2023 to 2033

Figure 95: Europe Market Attractiveness by Process, 2023 to 2033

Figure 96: Europe Market Attractiveness by Country, 2023 to 2033

Figure 97: Asia Pacific Market Value (US$ Million) by Type, 2023 to 2033

Figure 98: Asia Pacific Market Value (US$ Million) by Raw Materials, 2023 to 2033

Figure 99: Asia Pacific Market Value (US$ Million) by Process, 2023 to 2033

Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033

Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 102: Asia Pacific Market Volume (Litre) Analysis by Country, 2018 to 2033

Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 106: Asia Pacific Market Volume (Litre) Analysis by Type, 2018 to 2033

Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Raw Materials, 2018 to 2033

Figure 110: Asia Pacific Market Volume (Litre) Analysis by Raw Materials, 2018 to 2033

Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Raw Materials, 2023 to 2033

Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Raw Materials, 2023 to 2033

Figure 113: Asia Pacific Market Value (US$ Million) Analysis by Process, 2018 to 2033

Figure 114: Asia Pacific Market Volume (Litre) Analysis by Process, 2018 to 2033

Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by Process, 2023 to 2033

Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by Process, 2023 to 2033

Figure 117: Asia Pacific Market Attractiveness by Type, 2023 to 2033

Figure 118: Asia Pacific Market Attractiveness by Raw Materials, 2023 to 2033

Figure 119: Asia Pacific Market Attractiveness by Process, 2023 to 2033

Figure 120: Asia Pacific Market Attractiveness by Country, 2023 to 2033

Figure 121: MEA Market Value (US$ Million) by Type, 2023 to 2033

Figure 122: MEA Market Value (US$ Million) by Raw Materials, 2023 to 2033

Figure 123: MEA Market Value (US$ Million) by Process, 2023 to 2033

Figure 124: MEA Market Value (US$ Million) by Country, 2023 to 2033

Figure 125: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 126: MEA Market Volume (Litre) Analysis by Country, 2018 to 2033

Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 129: MEA Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 130: MEA Market Volume (Litre) Analysis by Type, 2018 to 2033

Figure 131: MEA Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 132: MEA Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 133: MEA Market Value (US$ Million) Analysis by Raw Materials, 2018 to 2033

Figure 134: MEA Market Volume (Litre) Analysis by Raw Materials, 2018 to 2033

Figure 135: MEA Market Value Share (%) and BPS Analysis by Raw Materials, 2023 to 2033

Figure 136: MEA Market Y-o-Y Growth (%) Projections by Raw Materials, 2023 to 2033

Figure 137: MEA Market Value (US$ Million) Analysis by Process, 2018 to 2033

Figure 138: MEA Market Volume (Litre) Analysis by Process, 2018 to 2033

Figure 139: MEA Market Value Share (%) and BPS Analysis by Process, 2023 to 2033

Figure 140: MEA Market Y-o-Y Growth (%) Projections by Process, 2023 to 2033

Figure 141: MEA Market Attractiveness by Type, 2023 to 2033

Figure 142: MEA Market Attractiveness by Raw Materials, 2023 to 2033

Figure 143: MEA Market Attractiveness by Process, 2023 to 2033

Figure 144: MEA Market Attractiveness by Country, 2023 to 2033

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