Biofuel Testing Services Market Share, Trend & Forecast

Biofuel Testing Services Market - Key Research Findings

Global biofuel testing services market size anticipated by 2019 end - ~US$ 2 Bn
The biofuel testing services market is expected to observe a CAGR of ~7% over 2018-2028.
North America is expected to remain the leading regional markets for biofuel testing services
- High production of the biofuels in the U.S. is one of the major factors contributing to the growth of the biofuel testing services market.
Europe holds a high growth potential for the biofuel testing services market
- Europe holds prominent share in biofuel testing services after North American market due to high biofuel production in the region, is expected to boost the biofuel testing services market in Europe.

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Top 3 Factors Shaping the Biofuel Testing Services Market

Increasing demand for biofuels
Biofuels are gaining traction due to factors such as concern over greenhouse gas emissions from fossil fuels and oil price spikes. Biofuels offer alternative for the fossil fuels and helps to provide the solution over the various environmental problems. Usage of biofuels used in the engines and motors can reduce hazardous emissions. Benefits offered by biofuels and their high demand is boosting the growth of the biofuel testing services market.

The increasing presence of refineries in key regions
The increasing presence of refineries is boosting the growth of the market in the U.S., where the production rate of the biofuels is high, and thus there is increasing demand for the biofuel testing services in the refineries in North America region. Along with that, there in increasing demand for the biofuel testing services in the refineries for quality testing of fuel grade ethanol, sustainability testing, and other related testing. Thus, the prominent presence of the various refineries in North America and Latin America is expected to witness rapid growth biofuel testing services market with a high CAGR during the forecast period.
Presence of prominent biofuel testing service providers in European countries
The prominent service providers of the biofuel testing services has the headquarters in the Europe, such as Intertek Group plc., BUREAU VERITAS, SGS SA, and others. The presence of the prominent service providers in European countries along with high biofuel production in Europe is ultimately contributing to the growth of the biofuel services in the Europe at significant CAGR.
European Union (EU) countries have signed up to the Renewable Fuels Directive. This directive set targets which are applicable to the introduction of various types of alternative energy sources which includes biofuels to reduce dependence on petroleum products
Along with that, presence of refineries in the European countries, such as Italy and Germany needs the biofuel testing services, thus the presence of the prominent service providers in Europe is ultimately helping to the growth of the biofuel testing services market in Europe.

Biofuel Testing Services Market Structure Analysis

In the global biofuel testing services market, tier 1 companies hold a revenue share of more than 40%. Some of the prominent players in the market are Intertek Group plc, BUREAU VERITAS, Eurofins Scientific, SGS SA, AmSpec, LLC, ALS Limited, biofuel Systems Group Limited, Core Laboratories, Beta Analytic., SOCOTEC Group, AKSHAR ANALYTICAL LABORATORY & RESEARCH CENTRE, Chem-Tech Laboratories, Private Limited, FOI Laboratories, and Peak Petroleum Testing Services, Inc.

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Biofuel Testing Services - Making the Inroads into Zero-emission Goals

With several countries making solid efforts to cut emissions and achieve ‘carbon neutrality’, biofuels have been gaining increasing popularity in the recent times. However, the quality of biofuel is critical to performance and acceptance in the market, creating high demand for stringent quality check. As standardization of biofuels ultimately aims to reduce dependence on petroleum products, biofuel testing services providers are focusing on strict compliance with international quality standards.

Biofuel Testing Services Market

Market Set to Grow 1.9X between 2018 and 2028

Demand for biofuel testing services is expected to register significant growth, and the gains remain influenced by growing criticality of the anticipated shift to biofuels. This shift is driven by depletion of fossil fuels and the subsequent rise in price.

As biofuel zooms into modern car engines, aircrafts, and even shipping industry, market players should be looking at a period of sustained demand. However, high costs associated with testing services continues to challenge the stakeholders.

North America Leads, Developing Countries Hold Opportunities

On the backdrop of increasing ethanol production, North America continues to capture a robust share in the biofuel testing services market. Service providers are leveraging opportunities arising from the market attractiveness of developing countries, including China and India among the key producers of biofuels in the world. Government initiatives in favour of bio-based fuel alternatives are further likely to open new growth avenues for participants in the market.

The Broader Perspective

Market vendors continue to focus on expansion in developing regions by establishing new laboratories and improving qualitative and quantitative analytical assessment services. As biofuels have been capturing consumers’ attention in addition to garnering research interests, key players are strengthening their collaborations with biofuel manufacturers, and collectively ensure that the technical and environmental requisites of modern engines are met.

How the Growth Will Unfold

Biofuel testing services continue to gain relatively high demand from biofuel companies. On the other side, the increasing quality testing requirements in refineries for fuel grade ethanol is also likely to boost the market growth.

Key Segment

By Biofuel Tested Type

Ethanol
Biodiesel
Biogas
Green Diesel
Green Diesel
Others

By Location Type

Off-Site Services
On-Site Services

By End Use

Automotive
Biofuel Companies
Mining
Energy Generation
Refineries
Others

By Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA
Emerging Countries

Frequently Asked Questions

What is the Growth Outlook for the Biofuel Testing Services Market?

The growth outlook for the biofuel testing services market is predicted to advance at a CAGR of 7% from 2022 to 2032.

Which Region Leads the Biofuel Testing Services Market?

North America is anticipated to lead the biofuel testing services market during the forecast period.

How much Growth Potential does the Biofuel Testing Services Market hold?

The biofuel testing services market is likely to hold a valuation of US$ 4.82 billion by 2032.

Which sector is the key end user in the Biofuel Testing Services Market?

The automotive and bio-fuel industry sectors are the key end users in the biofuel testing services market.

Table of Content

1. Executive Summary
1.1. Global Biofuel Testing Services Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Innovation in Services/Recent Developments
4. Key Success Factors
4.1. Service Adoption / Usage Analysis
4.2. Service Mapping as per Specifications
4.3. Promotional Strategies
5. Global Biofuel Testing Services Market - Pricing Analysis
5.1. Regional Pricing Analysis
5.2. Pricing Break-up
5.2.1. Manufacturer Level Pricing
5.2.2. Distributor Level Pricing
5.3. Global Average Pricing Analysis Benchmark
6. Global Biofuel Testing Services Market Demand (in Value or Size in US$ Mn) Analysis 2013-2017 and Forecast, 2018-2028
6.1. Historical Market Value (US$ Mn) Analysis, 2013-2017
6.2. Current and Future Market Value (US$ Mn) Projections, 2018-2028
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Market Background
7.1. Macro-Economic Factors
7.1.1. Global GDP Growth Outlook
7.1.2. Global GDP Statistics
7.1.3. Biofuel Production Outlook, By Country
7.1.4. Biofuel Consumption Outlook, By Country
7.2. Forecast Factors – Relevance & Impact
7.2.1. Mining Industry Outlook
7.2.2. Global Energy Outlook
7.2.3. Testing Services Outlook
7.2.4. Automotive Production Outlook
7.2.5. Automotive Sales Mn units
7.2.6. Biofuel Testing Regulations & Standards, By Region
7.2.7. Top Companies Historical Growth
7.2.8. Research & Development Expenditure, By Country
7.2.9. Competition Intensity
7.3. Value Chain
7.4. Market Dynamics
7.4.1. Drivers
7.4.2. Restraints
7.4.3. Opportunity Analysis
8. Global Biofuel Testing Services Market Analysis 2013-2017 and Forecast 2018-2028, by Biofuel Tested Type
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) Analysis By Biofuel Tested Type, 2013 - 2017
8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Biofuel Tested Type, 2018 - 2018
8.3.1. Ethanol
8.3.2. Biodiesel
8.3.3. Biogas
8.3.4. Green diesel
8.3.5. Butanol
8.3.6. Others
8.4. Market Attractiveness Analysis By Biofuel Tested Type
9. Global Biofuel Testing Services Market Analysis 2013-2017 and Forecast 2018-2028, by Location Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) Analysis By Location Type, 2013 - 2017
9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Location Type, 2018 - 2018
9.3.1. Off-Site Services
9.3.2. On-Site Services
9.4. Market Attractiveness Analysis By Location Type
10. Global Biofuel Testing Services Market Analysis 2013-2017 and Forecast 2018-2028, by End Use
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) Analysis By End Use, 2013 - 2017
10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End Use, 2018 - 2018
10.3.1. Automotive
10.3.2. Biofuel Companies
10.3.3. Mining
10.3.4. Energy Generation
10.3.5. Refineries
10.3.6. Other
10.4. Market Attractiveness Analysis By End Use
11. Global Biofuel Testing Services Market Analysis 2013-2017 and Forecast 2018-2028, by Region
11.1. Introduction
11.2. Historical Market Size (US$ Mn) Analysis By Region, 2013 - 2017
11.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2018 - 2018
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. Middle East and Africa (MEA)
11.3.5. East Asia
11.3.6. South Asia
11.3.7. Oceania
11.3.8. Emerging Countries
11.4. Market Attractiveness Analysis By Region
12. North America Biofuel Testing Services Market Analysis 2013-2017 and Forecast 2018-2028
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2017
12.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2018 - 2028
12.4.1. By Country
12.4.1.1. U.S.
12.4.1.2. Canada
12.4.2. By Biofuel Tested Type
12.4.3. By Location Type
12.4.4. By End Use
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Biofuel Tested Type
12.5.3. By Location Type
12.5.4. By End Use
12.6. Market Trends
12.7. Key Market Participants - Intensity Mapping
12.8. Drivers and Restraints - Impact Analysis
13. Latin America Biofuel Testing Services Market Analysis 2013-2017 and Forecast 2018-2028
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2017
13.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2018 - 2028
13.4.1. By Country
13.4.1.1. Brazil
13.4.1.2. Rest of Latin America
13.4.2. By Biofuel Tested Type
13.4.3. By Location Type
13.4.4. By End Use
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Biofuel Tested Type
13.5.3. By Location Type
13.5.4. By End Use
13.6. Market Trends
13.7. Key Market Participants - Intensity Mapping
13.8. Drivers and Restraints - Impact Analysis
14. Europe Biofuel Testing Services Market Analysis 2013-2017 and Forecast 2018-2028
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2017
14.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2018 - 2028
14.4.1. By Country
14.4.1.1. Germany
14.4.1.2. Italy
14.4.1.3. France
14.4.1.4. U.K.
14.4.1.5. Spain
14.4.1.6. BENELUX
14.4.1.7. Russia
14.4.1.8. Rest of Europe
14.4.2. By Biofuel Tested Type
14.4.3. By Location Type
14.4.4. By End Use
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Biofuel Tested Type
14.5.3. By Location Type
14.5.4. By End Use
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis
15. South Asia Biofuel Testing Services Market Analysis 2013-2017 and Forecast 2018-2028
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2017
15.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2018 - 2028
15.4.1. By Country
15.4.1.1. Thailand
15.4.1.2. Indonesia
15.4.1.3. Malaysia
15.4.2. By Biofuel Tested Type
15.4.3. By Location Type
15.4.4. By End Use
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Biofuel Tested Type
15.5.3. By Location Type
15.5.4. By End Use
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis
16. East Asia Biofuel Testing Services Market Analysis 2013-2017 and Forecast 2018-2028
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2017
16.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2018 - 2028
16.4.1. By Country
16.4.1.1. Japan
16.4.1.2. South Korea
16.4.2. By Biofuel Tested Type
16.4.3. By Location Type
16.4.4. By End Use
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Biofuel Tested Type
16.5.3. By Location Type
16.5.4. By End Use
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis
17. Oceania Biofuel Testing Services Market Analysis 2013-2017 and Forecast 2018-2028
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2017
17.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2018 - 2028
17.4.1. By Country
17.4.1.1. Australia
17.4.1.2. New Zealand
17.4.2. By Biofuel Tested Type
17.4.3. By Location Type
17.4.4. By End Use
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Biofuel Tested Type
17.5.3. By Location Type
17.5.4. By End Use
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis
18. Middle East and Africa Biofuel Testing Services Market Analysis 2013-2017 and Forecast 2018-2028
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2017
18.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2018 - 2028
18.4.1. By Country
18.4.1.1. GCC Countries
18.4.1.2. Turkey
18.4.1.3. Northern Africa
18.4.1.4. South Africa
18.4.1.5. Rest of Middle East and Africa
18.4.2. By Biofuel Tested Type
18.4.3. By Location Type
18.4.4. By End Use
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Biofuel Tested Type
18.5.3. By Location Type
18.5.4. By End Use
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis
19. Emerging Countries Biofuel Testing Services Market Analysis 2013-2017 and Forecast 2018-2028
19.1. Introduction
19.1.1. Market Value Proportion Analysis, By Key Countries
19.1.2. Global Vs. Country Growth Comparison
19.2. China Biofuel Testing Services Market Analysis
19.2.1. Introduction
19.2.2. Pricing Analysis
19.2.3. PEST Analysis
19.2.4. Market Value Proportion Analysis by Market Taxonomy
19.2.5. Market Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.2.5.1. By Biofuel Tested Type
19.2.5.2. By Location Type
19.2.5.3. By End Use
19.2.6. China Biofuel Testing Services Market - Competition Landscape
19.2.7. China - Trade Analysis
19.3. India Biofuel Testing Services Market Analysis
19.3.1. Introduction
19.3.2. Pricing Analysis
19.3.3. PEST Analysis
19.3.4. Market Value Proportion Analysis by Market Taxonomy
19.3.5. Market Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.3.5.1. By Biofuel Tested Type
19.3.5.2. By Location Type
19.3.5.3. By End Use
19.3.6. India Biofuel Testing Services Market - Competition Landscape
19.4. Mexico Biofuel Testing Services Market Analysis
19.4.1. Introduction
19.4.2. Pricing Analysis
19.4.3. PEST Analysis
19.4.4. Market Value Proportion Analysis by Market Taxonomy
19.4.5. Market Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.4.5.1. By Biofuel Tested Type
19.4.5.2. By Location Type
19.4.5.3. By End Use
19.4.6. Mexico Biofuel Testing Services Market - Competition Landscape
20. Market Structure Analysis
20.1. Market Analysis by Tier of Companies (Biofuel Testing Services Market)
20.2. Market Concentration
20.3. Market Share Analysis of Top Players
20.4. Market Presence Analysis
20.4.1. By Regional footprint of Players
20.4.2. Service foot print by Players
20.4.3. Channel Foot Print by Players
21. Competition Analysis
21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
21.3.1. Intertek Group plc.
21.3.1.1. Overview
21.3.1.2. Service Portfolio
21.3.1.3. Profitability by Market Segments (Service/Channel/Region)
21.3.1.4. Sales Footprint
21.3.1.5. Strategy Overview
21.3.1.5.1. Marketing Strategy
21.3.1.5.2. Service Strategy
21.3.1.5.3. Channel Strategy
21.3.2. BUREAU VERITAS
21.3.2.1. Overview
21.3.2.2. Service Portfolio
21.3.2.3. Profitability by Market Segments (Service/Channel/Region)
21.3.2.4. Sales Footprint
21.3.2.5. Strategy Overview
21.3.2.5.1. Marketing Strategy
21.3.2.5.2. Service Strategy
21.3.2.5.3. Channel Strategy
21.3.3. Eurofins Scientific
21.3.3.1. Overview
21.3.3.2. Service Portfolio
21.3.3.3. Profitability by Market Segments (Service/Channel/Region)
21.3.3.4. Sales Footprint
21.3.3.5. Strategy Overview
21.3.3.5.1. Marketing Strategy
21.3.3.5.2. Service Strategy
21.3.3.5.3. Channel Strategy
21.3.4. SGS SA
21.3.4.1. Overview
21.3.4.2. Service Portfolio
21.3.4.3. Profitability by Market Segments (Service/Channel/Region)
21.3.4.4. Sales Footprint
21.3.4.5. Strategy Overview
21.3.4.5.1. Marketing Strategy
21.3.4.5.2. Service Strategy
21.3.4.5.3. Channel Strategy
21.3.5. AmSpec Services, LLC
21.3.5.1. Overview
21.3.5.2. Service Portfolio
21.3.5.3. Profitability by Market Segments (Service/Channel/Region)
21.3.5.4. Sales Footprint
21.3.5.5. Strategy Overview
21.3.5.5.1. Marketing Strategy
21.3.5.5.2. Service Strategy
21.3.5.5.3. Channel Strategy
21.3.6. ALS Limited
21.3.6.1. Overview
21.3.6.2. Service Portfolio
21.3.6.3. Profitability by Market Segments (Service/Channel/Region)
21.3.6.4. Sales Footprint
21.3.6.5. Strategy Overview
21.3.6.5.1. Marketing Strategy
21.3.6.5.2. Service Strategy
21.3.6.5.3. Channel Strategy
21.3.7. Biofuel Systems Group Limited
21.3.7.1. Overview
21.3.7.2. Service Portfolio
21.3.7.3. Profitability by Market Segments (Service/Channel/Region)
21.3.7.4. Sales Footprint
21.3.7.5. Strategy Overview
21.3.7.5.1. Marketing Strategy
21.3.7.5.2. Service Strategy
21.3.7.5.3. Channel Strategy
21.3.8. Core Laboratories
21.3.8.1. Overview
21.3.8.2. Service Portfolio
21.3.8.3. Profitability by Market Segments (Service/Channel/Region)
21.3.8.4. Sales Footprint
21.3.8.5. Strategy Overview
21.3.8.5.1. Marketing Strategy
21.3.8.5.2. Service Strategy
21.3.8.5.3. Channel Strategy
21.3.9. Beta Analytic.
21.3.9.1. Overview
21.3.9.2. Service Portfolio
21.3.9.3. Profitability by Market Segments (Service/Channel/Region)
21.3.9.4. Sales Footprint
21.3.9.5. Strategy Overview
21.3.9.5.1. Marketing Strategy
21.3.9.5.2. Service Strategy
21.3.9.5.3. Channel Strategy
21.3.10. SOCOTEC Group
21.3.10.1. Overview
21.3.10.2. Service Portfolio
21.3.10.3. Profitability by Market Segments (Service/Channel/Region)
21.3.10.4. Sales Footprint
21.3.10.5. Strategy Overview
21.3.10.5.1. Marketing Strategy
21.3.10.5.2. Service Strategy
21.3.10.5.3. Channel Strategy
21.3.11. AKSHAR ANALYTICAL LABORATORY & RESEARCH CENTRE
21.3.11.1. Overview
21.3.11.2. Service Portfolio
21.3.11.3. Profitability by Market Segments (Service/Channel/Region)
21.3.11.4. Sales Footprint
21.3.11.5. Strategy Overview
21.3.11.5.1. Marketing Strategy
21.3.11.5.2. Service Strategy
21.3.11.5.3. Channel Strategy
21.3.12. Chem-Tech Laboratories Private Limited
21.3.12.1. Overview
21.3.12.2. Service Portfolio
21.3.12.3. Profitability by Market Segments (Service/Channel/Region)
21.3.12.4. Sales Footprint
21.3.12.5. Strategy Overview
21.3.12.5.1. Marketing Strategy
21.3.12.5.2. Service Strategy
21.3.12.5.3. Channel Strategy
21.3.13. FOI Laboratories
21.3.13.1. Overview
21.3.13.2. Service Portfolio
21.3.13.3. Profitability by Market Segments (Service/Channel/Region)
21.3.13.4. Sales Footprint
21.3.13.5. Strategy Overview
21.3.13.5.1. Marketing Strategy
21.3.13.5.2. Service Strategy
21.3.13.5.3. Channel Strategy
21.3.14. Peak Petroleum Testing Services, Inc.
21.3.14.1. Overview
21.3.14.2. Service Portfolio
21.3.14.3. Profitability by Market Segments (Service/Channel/Region)
21.3.14.4. Sales Footprint
21.3.14.5. Strategy Overview
21.3.14.5.1. Marketing Strategy
21.3.14.5.2. Service Strategy
21.3.14.5.3. Channel Strategy
21.3.15. FuelCare, Inc.
21.3.15.1. Overview
21.3.15.2. Service Portfolio
21.3.15.3. Profitability by Market Segments (Service/Channel/Region)
21.3.15.4. Sales Footprint
21.3.15.5. Strategy Overview
21.3.15.5.1. Marketing Strategy
21.3.15.5.2. Service Strategy
21.3.15.5.3. Channel Strategy
22. Assumptions and Acronyms Used
23. Research Methodology