Biofuel Testing Services - Making the Inroads into Zero-emission GoalsWith 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 - 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.
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.
Market Set to Grow 1.9X between 2018 and 2028Demand 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 PerspectiveMarket 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.
Testing of biodieselcontinues to witnessing high demand
Demand for testing butanolto grow at high rate
60% revenue share accounted byoff-site services
Adoption ofon-site servicesto pick pace
Biofuel companiescontinues to be the top end user
Demand fromrefineriesto increase at considerable rate
How 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.
Biofuel Companies | Automotive | Refineries
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Biofuel Testing Services Market: Global Industry Analysis 2013-2017 & Opportunity Assessment 2018-2028
A recent market study published by FMI “Biofuel Testing Services Market: Global Industry Analysis 2013-2017 & Forecast 2018-2028” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the biofuel testing services market, the growth prospects of the market are obtained with maximum precision.
Biofuel Testing Services Market Taxonomy
The global biofuel testing services market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.
By Biofuel Tested Type
- Green Diesel
- Green Diesel
By Location Type
- Off-Site Services
- On-Site Services
By End Use
- Biofuel Companies
- Energy Generation
- North America
- Latin America
- South Asia
- East Asia
- Emerging Countries
The report commences with the executive summary of the biofuel testing services market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the Biofuel Testing Services market.
Readers can find the detailed taxonomy and the definition of the biofuel testing services market in this chapter, which will help them understand the basic information about the biofuel testing services market. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the biofuel testing services market report.
The report provides the key trends that are expected to substantially impact the growth of the market during the forecast period. Detailed industry trends are provided in this section, along with key market developments or innovations, and key competition mapping which is likely to have a significant impact on biofuel testing services market.
This section includes the key inclusions of the report. It includes the service adoption & usage analysis, service timeline, regulatory assessment, opportunity analysis, and service provider strategies for market expansion.
This section explain the global market value analysis and forecast for the biofuel testing services market between the forecast periods of 2013-2028 is highlighted in this section. This chapter includes the detailed analysis of the historical biofuel testing services market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2028).
This chapter explains the key macro-economic factors that are expected to influence the growth of the biofuel testing services market during the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the biofuel testing services market. This chapter also highlights the key dynamics of the biofuel testing services market, which include the drivers, restraints, opportunities, and trends. Moreover, it will enable readers to understand the key trends followed by the leading service providers in the biofuel testing services market.
This section explain the global market penetration analysis for the biofuel testing services in 2018. The section also covers the key information about the biofuel testing services landscape, regulatory scenario for biofuel testing, the adoption of biofuel testing services in refineries, biofuel companies, and other related applications. It also provides information on the penetration of the biofuel testing services market by emerging application areas.
Based on biofuel tested type, the biofuel testing services market is segmented into ethanol, biodiesel, biogas, green diesel, butanol, and others. In this chapter, readers can find information about the key trends and developments in the biofuel testing services market and market attractiveness analysis based on the biofuel tested type.
Based on location type, the biofuel testing services market is segmented into off-site services and on-site services. In this chapter, readers can find information about the key trends and developments in the biofuel testing services market and market attractiveness analysis based on the location type.
Based on end use, the biofuel testing services market is segmented into automotive, biofuel companies, mining, energy generation, refineries, and others. In this chapter, readers can find information about the key trends and developments in the biofuel testing services market and market attractiveness analysis based on the end use.
This chapter explains how the biofuel testing services market will grow across various geographic regions, such as North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa (MEA), and Emerging Countries.
This chapter includes a detailed analysis of the growth of the North America biofuel testing services market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, regulations, and market growth based on the industries and countries in North America.
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America biofuel testing services market. This chapter also includes the growth prospects of the biofuel testing services market in the leading LATAM countries such as Brazil and the Rest of Latin America.
Important growth prospects of the biofuel testing services market based on its industries in several countries, such as Germany, Italy, France, U.K., Spain, BENELUX, Russia, and the Rest of Europe are included in this chapter.
Indonesia, Thailand, and Malaysia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia biofuel testing services market in this chapter. Readers can find detailed information about the growth parameters of the South Asia biofuel testing services market during the period 2018-2028.
This chapter highlights the growth of the biofuel testing services market in the East Asia by focusing on Japan and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the biofuel testing services market in East Asia.
In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania biofuel testing services market.
This chapter provides information about how the biofuel testing services market will grow in the major countries in the MEA region, such as GCC Countries, South Africa, Turkey, Northern Africa and the rest of MEA, during the forecast period 2018 - 2028.
This chapter provides information about how the biofuel testing services market will grow in the emerging countries, such as India, Mexico, and China during the forecast period 2018 - 2028.
In this chapter, readers can find a detailed information about the tier analysis and market concentration of the key players in the biofuel testing services market along with their market presence analysis by region and service portfolio.
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the biofuel testing services market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Intertek Group plc, Biofuel Systems Group Limited, BUREAU VERITAS, SGS SA, Eurofins Scientific, FOI Laboratories, AmSpec, LLC, Beta Analytic, ALS Limited, Core Laboratories, SOCOTEC Group, Chem-Tech Laboratories, AKSHAR ANALYTICAL LABORATORY & RESEARCH CENTRE, Private Limited, and Peak Petroleum Testing Services, Inc.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the biofuel testing services report
This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the biofuel testing services market.
How the research was conducted?
Primary research interview with Key Opinion Leaders and other participants were conducted for data collection and validation of the below information:
- Adoption of Biofuel testing services
- Average Servicing Price (US$) and Market Growth
- Key Developments
- Key Trends and Opportunities
- Regional wise Dynamics
- Market Share Information
- Key Brands
- Competition & Key service provider Strategies
- BIOFUEL - OECD-FAO Agricultural Outlook 2012-2021
- Advanced Biofuels Association
- Advanced Biofuels Canada
- National Biodiesel Board.
- European Biofuels Technology Platform
- European Biomass Industry Association
- Advanced Biofuels Association
- Bioenergy Europe
- European Biodiesel Board
- Bioenergy Australia (Forum) Limited.
- Southern African Bioenergy Association (SABA)
- Biodiesel Association of India (BDAI)
- International Energy Agency
Primary Interview Splits