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市场调查报告书

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1372587

全球生物基石脑油市场 - 2023-2030

Global Bio-Based Naphtha Market - 2023-2030

出版日期: 2023年10月18日 | 出版商:

DataM Intelligence | 英文 186 Pages | 商品交期: 约2个工作天内

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简介目录

概述

2022年，全球生物基石脑油市场达到8.952亿美元，预计2030年将达到33.387亿美元，2023-2030年预测期间复合年增长率为18.3%。

随着当今世界对永续燃料技术的更高需求，生物基石脑油市场正在显着成长。生物燃料在运输业脱碳方面发挥着重要作用，因为它们是当前运输技术的低碳解决方案，例如短期的轻型车辆和长期的重型卡车、船舶和飞机。生物基燃料产业还提供其他替代且具有成本效益的解决方案来减少碳排放。

此外，根据 IEA 报告，2022 年全球生质燃料需求达到 4.3 艾焦耳 (EJ) 的历史新高，相当于 1,700 亿公升。其需求水准超过了 2019 年观察到的 COVID-19 大流行前的水准。为了实现到 2050 年净零排放 (NZE) 的目标，需要大幅增加生物燃料产量。在 NZE 情境中，到 2030 年，生物燃料产量预计将达到 10 EJ 以上，这显示了全球对生物石脑油等生物燃料的需求。

欧洲生物基石脑油市场预计将成为生物基石脑油市场成长最快的地区。欧洲正朝着2050年实现净零排放的目标迈进。欧洲在不到十年的时间内将生物经济的营业额增加了40%以上，取得了显着的成功。对环境永续性的大力推动加速了各产业对可再生和生物基产品的采用。

动力学

对可持续生物燃料的需求

随着对永续燃料技术的更高需求，生物基石脑油市场正在显着成长，到2022年，生物燃料将占全球运输能源需求的3.5%以上，主要是在道路运输领域。根据 IEA 的数据，这种增长一直是一致的，过去五年中生物燃料消费量以每年近 6% 的速度增长，但 2020 年由于 COVID-19 大流行而暂时下降。净零排放情境设定了具体目标，预计到 2030 年，生质燃料对交通运输部门的贡献将增加一倍以上，占燃料总需求的 9%，尤其是道路车辆。

此外，全球有 80 多个国家製定了支持生物燃料的使用和需求的政策。这些政策在推动全球范围内采用生物燃料方面发挥着至关重要的作用。生物燃料在减少全球道路运输石油消耗方面发挥了至关重要的作用，到2022 年，生物燃料可避免全球道路运输石油使用量的4%。这相当于在能源基础上节省了约200 万桶石油。

全球运输生物燃料扩张

生物基石脑油市场正处于成长轨道，预计将受到全球运输生物燃料产业强劲扩张的推动，其中重点关注再生柴油生产。根据 IEA 的数据，到 2022 年，运输生质燃料产能将显着增加 7%，这是十多年来最大幅度的年度成长。这种扩张显示对生物燃料及其基本原料（包括生物基石脑油）的需求不断增长。主要的生物炼油厂，特别是在美国和欧洲等地区，处于这一增长的最前沿，受益于鼓励可再生柴油生产的有利政策和激励措施，这是一种依赖生物基石脑油的工艺。

此外，大量投资涌入生质燃料产业，到 2022 年，产能将达到十年来未见的水平，总计约 260 kb/d。这些投资主要针对再生柴油精炼，例如位于加州的 Marathon-Neste 合资企业和帝国理工在加拿大的大量投资等备受瞩目的企业。此外，人们对永续航空燃料日益增长的兴趣正在推动这一成长，像 Neste 这样的公司正在扩大其再生燃料工厂以满足这一需求。 SAF 对于减少航空业排放至关重要，它依赖石脑油等生物基原料。

高生物燃料成本的影响

生物基燃料（特别是生质柴油）的高成本正在影响生物基石脑油市场。根据非政府组织运输与环境报告，目前原料生产的生物柴油现在比批发市场上的化石柴油贵 70% 至 130%。价格差异是由于谷物、植物油、废食用油和动物脂肪等原料价格上涨所致，这些原料是生物燃料生产的重要组成部分。

此外，T&E 的研究表明，欧洲使用的生物燃料混合製程每年为欧盟的燃料费用增加 170 亿欧元。它的经济负担不仅影响消费者，也对生物基石脑油市场产生影响。生物燃料的高成本可能会阻碍生物基石脑油的投资和采用，从而阻碍其成长潜力。

The bio-based naphtha market is significantly growing with the higher demand for sustainable fuel technology in the present world. Biofuels are playing a major part in decarbonizing the transport sector as they are the low-carbon solution for ongoing transportation technologies such as light-duty vehicles in the short term and heavy-duty trucks, ships and aircraft in the long term. The bio-based fuel c sector also provides other alternative and cost-effective solutions for reducing carbon emissions.

Furthermore, as per the IEA report, in 2022, global biofuel demand reached a record high of 4.3 exajoules (EJ), equivalent to 170,000 million liters. It level of demand surpassed the pre-COVID-19 pandemic levels observed in 2019. To achieve the goal of Net Zero Emissions by 2050 (NZE), there is a need for a significant increase in biofuel production. In the NZE Scenario, biofuel production is projected to reach over 10 EJ by 2030, which shows the required demand for biofuel globally such as bio naphtha.

The European bio-based naphtha market is expected to be the fastest growing region in the bio-based naphtha market. Europe is forwarding towards the goals to achieve net-zero emissions by 2050. Europe has achieved remarkable success in increasing the turnover of its bio-based economy by more than 40% in less than a decade. The major push to environmental sustainability has accelerated the adoption of renewable and bio-based products across various industries.

Dynamics

Need for Sustainable Biofuels

The bio-based naphtha market is significantly growing with the higher demand for sustainable fuel technology, with biofuels accounting for over 3.5% of global transport energy demand in 2022, primarily in the road transport sector. As per IEA, this growth has been consistent, with biofuel consumption expanding at an annual rate of nearly 6% over the past five years, except for a temporary decline in 2020 due to the COVID-19 pandemic. The Net Zero Emissions Scenario sets specific targets with the projection that biofuels will grow more than double their contribution to the transport sector by 2030 and will reach 9% of total fuel demand, especially for road vehicles.

Furthermore, more than 80 countries globally made policies that are supporting the use and demand for biofuels. The policies is playing crucial role in driving the adoption of biofuels on a global scale. Biofuels played a crucial role in reducing global road transport oil consumption, accounting for the avoidance of 4% of global road transport oil use in 2022. It translates to approximately 2 million barrels of oil saved on an energy basis.

Global Transport Biofuel Expansion

The bio-based naphtha market is on a growth trajectory expected to be driven by the robust expansion of the global transport biofuel sector, with a significant focus on renewable diesel production. As per IEA, in 2022, transport biofuel capacity experienced a remarkable 7% increase, marking the most substantial annual growth in over a decade. The expansion is indicative of the rising demand for biofuels and their essential feedstocks, including bio-based naphtha. Major biorefineries, particularly in regions like United States and Europe, are at the forefront of this growth, benefiting from favorable policies and incentives that encourage renewable diesel production, a process reliant on bio-based naphtha.

Furthermore, significant investments have flooded into the biofuels sector, with 2022 witnessing capacity additions at levels not seen in ten years, totaling approximately 260 kb/d. The investments are prominently directed towards renewable diesel refining, as exemplified by high-profile ventures such as the Marathon-Neste joint venture in California and Imperial's substantial investment in Canada. Also, the burgeoning interest in sustainable aviation fuels is propelling this growth, with companies like Neste expanding their renewable fuels plants to cater to this demand. SAFs, crucial for reducing emissions in the aviation sector, rely on bio-based feedstocks like naphtha.

Impact of High Biofuel Cost

The high cost of bio-based fuels, particularly biodiesel, is impacting the bio-based naphtha market. According to NGO Transport & Environment report, the biodiesel that is produced with the current feedstock is now between 70% and 130% more expensive than fossil diesel on the wholesale market. The price difference is because of the rising prices of feedstocks like cereals, vegetable oils, used cooking oil and animal fats, which are essential components in biofuel production.

Furthermore, T&E's study indicates that the process used with the blending of biofuels in Europe is contributing to the add-on €17 billion annually to the EU's fuel bill. It financial burden not only affects consumers but also has implications for the bio-based naphtha market. The high cost of biofuels may deter investment and adoption of bio-based naphtha, hindering its growth potential.

Segment Analysis

The global bio-based naphtha market is segmented based on source, application and region.

Vegetable Oil Dominates the Bio-Based Naphtha Market

Vegetable oil is expected to hold the largest segment in the bio-based naphtha market. Renewable naphtha produced from sustainable feedstocks, like from vegetable oil shows a significantly lower greenhouse gas footprint as compared to petroleum based naphtha. Also, depending on the feedstock used, this reduction can be as high as 50-80%. Moreover, the production capacity of renewable diesel and sustainable aviation fuel is increasing. The processes often yield coproducts through the hydrotreated vegetable oil (HVO) process, including bionaphtha and biopropane.

Furthermore, Honeywell has introduced a solution for producing renewable naphtha for petrochemical production using its Ecofining technology. It technology has been proven commercially and initially developed in collaboration with Eni SpA to convert non-edible vegetable oils and animal fats into renewable fuels, such as Honeywell Green Diesel and Honeywell Green Jet fuel. Honeywell aims to help petrochemical producers reduce the carbon footprint of their products by offering renewable naphtha as an alternative to petroleum-based feeds.

Geographical Penetration

Rapid Growth of the European Bio-Based Naphtha Market

The European bio-based naphtha market is experiencing rapid growth, driven by various factors that are reshaping the energy and petrochemical landscape. Bionaphtha, a versatile product derived from renewable sources, is at the forefront of this transition towards a cleaner energy future in the region. Supply and demand for bionaphtha are on the rise in Europe with innovative technologies and emerging regulations.

European companies like Neste and UPM are actively involved in the production and utilization of naphtha and they have witnessed substantial growth in the renewable products segment. Also, major players such as TotalEnergies, Shell and ENI are expanding their offerings in the renewable fuels and petrochemicals sector, further boosting the growth of bionaphtha. As per "Chem Analyst" article, current production levels of Bionaphtha in Europe range from 150,000 to 250,000 tonnes annually, with expansion projects on the horizon. Over the next four to five years, production is anticipated to double, reaching 500,000 tonnes, reflecting the region's increasing appetite for sustainable feedstocks.

Competitive Landscape

The major global players in the market include: Neste Corporation, UPM Biofuels, INEOS, Gevo, Euglena co Ltd., AltAir Fuels, Preem, Shell Plc, Eni S.p.A and Diamond Green.

COVID-19 Impact Analysis:

COVID-19 made a significant impact on the bio-based naphtha market, in the wake of the pandemic, many economies faced unprecedented challenges, including GCC (Gulf Cooperation Council) countries. The challenges led to a renewed focus on sustainability and environmental concerns within the chemical and petrochemical sectors. One positive outcome of this sustainability push in the GCC region is the increasing production and use of bio-naphtha, a renewable feedstock derived from sources like organic waste and biomass.

Despite the economic challenges posed by the pandemic, regional chemical producers in GCC countries, such as Saudi Arabia's SABIC and Kuwait's EQUATE, began expanding their portfolios to include circular and bio-based polymers. It strategic shift towards more sustainable practices reflects a global trend towards environmental consciousness and sustainability, as exemplified by the End Plastic Pollution resolution endorsed by 175 nations in Nairobi, Kenya.

Russia-Ukraine War Impact

The Ukraine-Russia conflict has had significant repercussions on various markets, including the bio-based naphtha market. The International Energy Agency (IEA) has indicated that reducing biofuel mandates in response to Ukraine-Russia conflict could result in increased petroleum demand and supply concerns. It shows the major dependency between food and energy systems and the potential consequences of policy changes in response to geopolitical events. The potential solution for this is to transition from 1st Generation biofuels to higher generations, such as 2nd or 3rd Generation biofuels.

By Source

Vegetable Oil
Biomass
Other

By Application

Gasoline
Petrochemical
Aviation Fuel
Bio Benzene
Bio Phenol
Other

By Region

North America
- U.S.
- Canada
- Mexico

Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe

South America
- Brazil
- Argentina
- Rest of South America

Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific

Middle East and Africa

Key Developments

In September 2023, Alpha and Omega Semiconductor (AOS) has unveiled its MRigidCSP packaging technology, aimed at enhancing battery management applications. It technology is designed to reduce on-resistance while simultaneously increasing mechanical strength. Initially, AOS is offering MRigidCSP technology on its AOCR33105E, a 12V common-drain dual N-channel MOSFET. It packaging technology is well-suited for battery applications in devices like smartphones, tablets and ultra-thin notebooks.
In November 2022, Cortec has introduced a sustainable solution in the form of EcoSonic ESD-safe bags, addressing challenges in electronic product packaging. The bags provide ESD protection to prevent damage from static charges and incorporate bubble wrap for impact protection. What sets them apart is the integration of Nano VpCl lining, which releases corrosion-resistant compounds into the bag's internal atmosphere, forming a protective molecular-scale layer around the product. It protects against moisture and corrosion without affecting solderability.
In May 2023, Semtech has introduced its latest Transient Voltage Suppressors (TVS) product, the RClamp0822B, designed to offer high-performance electrostatic discharge (ESD) and surge protection. It versatile circuit protection platform aims to safeguard high-speed data interfaces across various circuit interfaces in industrial, data center and telecommunication applications. The RClamp0822B, with its very-low sub 1 picofarad loading capacitance, is ideal for protecting high-speed data lines from electrical transient threats. It also provides robust surge immunity and is packaged in a user-friendly SC-75 package, making it suitable for a wide range of industrial designs

Why Purchase the Report?

To visualize the global bio-based naphtha market segmentation based on source, application and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of bio-based naphtha market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as excel consisting of key products of all the major players.

The global bio-based naphtha market report would provide approximately 52 tables, 50 figures and 186 Pages.

Target Audience 2023

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet By Source
3.2. Snippet By Application
3.3. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Need for Sustainable Biofuels
  - 4.1.1.2. Global Transport Biofuel Expansion
- 4.1.2. Restraints
  - 4.1.2.1. Impact of High Biofuel Cost
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia - Ukraine War Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Source

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 7.1.2. Market Attractiveness Index, By Source
7.2. Vegetable Oil*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Biomass
7.4. Other

8. By Application

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 8.1.2. Market Attractiveness Index, By Application
8.2. Gasoline*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Petrochemical
8.4. Aviation Fuel
8.5. Bio Benzene
8.6. Bio Phenol
8.7. Other

9. By Region

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 9.1.2. Market Attractiveness Index, By Region
9.2. North America
- 9.2.1. Introduction
- 9.2.2. Key Region-Specific Dynamics
- 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.2.5.1. U.S.
  - 9.2.5.2. Canada
  - 9.2.5.3. Mexico
9.3. Europe
- 9.3.1. Introduction
- 9.3.2. Key Region-Specific Dynamics
- 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.3.5.1. Germany
  - 9.3.5.2. UK
  - 9.3.5.3. France
  - 9.3.5.4. Italy
  - 9.3.5.5. Russia
  - 9.3.5.6. Rest of Europe
9.4. South America
- 9.4.1. Introduction
- 9.4.2. Key Region-Specific Dynamics
- 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.4.5.1. Brazil
  - 9.4.5.2. Argentina
  - 9.4.5.3. Rest of South America
9.5. Asia-Pacific
- 9.5.1. Introduction
- 9.5.2. Key Region-Specific Dynamics
- 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.5.5.1. China
  - 9.5.5.2. India
  - 9.5.5.3. Japan
  - 9.5.5.4. Australia
  - 9.5.5.5. Rest of Asia-Pacific
9.6. Middle East and Africa
- 9.6.1. Introduction
- 9.6.2. Key Region-Specific Dynamics
- 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

10. Competitive Landscape

10.1. Competitive Scenario
10.2. Market Positioning/Share Analysis
10.3. Mergers and Acquisitions Analysis

11. Company Profiles

11.1. Neste Corporation*
- 11.1.1. Company Overview
- 11.1.2. Product Portfolio and Description
- 11.1.3. Financial Overview
- 11.1.4. Key Developments
11.2. UPM Biofuels
11.3. INEOS
11.4. Gevo
11.5. Euglena co., Ltd.
11.6. AltAir Fuels
11.7. Preem
11.8. Shell Plc
11.9. Eni S.p.A
11.10. Diamond Green

LIST NOT EXHAUSTIVE