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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 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.
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.
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.
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.
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.
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.
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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.
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.
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.
By Biofuel Tested Type
By Location Type
By End Use
By Region
The growth outlook for the biofuel testing services market is predicted to advance at a CAGR of 7% from 2022 to 2032.
North America is anticipated to lead the biofuel testing services market during the forecast period.
The biofuel testing services market is likely to hold a valuation of US$ 4.82 billion by 2032.
The automotive and bio-fuel industry sectors are the key end users in the biofuel testing services market.
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
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