The global market for liquid biofuels is experiencing significant growth as natural reserves of fossil fuels continue to deplete, leading to a need for alternative sources of energy. Biofuels, available in solid, liquid, and gaseous forms, are gaining momentum as governments worldwide focus on reducing carbon emissions and building a sustainable energy future. Liquid biofuels, in particular, are expected to witness increased demand as countries strive to achieve energy security. These fuels, derived from plants, are aligned with the goal of establishing a circular economy. According to Fairfield Market Research, the global demand for liquid biofuels is projected to receive a substantial boost throughout the forecast period of 2021 to 2025, driven by the target of achieving zero emissions by 2050.
Supportive Regulatory Framework Drives Adoption of Liquid Biofuels to Combat Climate Change:
The global liquid biofuels market has received significant support from governments aiming to make a positive impact on a national level. For instance, despite setbacks caused by the COVID-19 pandemic, Germany's Climate Protection Quota remains committed to achieving its carbon intensity target for 2020, which is expected to drive the adoption of biodiesel in the transportation sector. Similarly, the Renewable Energy Directive (RED) applied to EU member states sets a target of using at least 10% renewable energy for transportation. Blending mandates implemented by developed economies will also contribute to market growth. Tax exemptions and investment support will further promote the use of liquid biofuels in the coming years.
Biodiesel and Bioethanol Lead the Global Market:
The upcoming report suggests that biodiesel and bioethanol will dominate the global liquid biofuels market. Tax exemptions on bioethanol-blended fuels in the U.S. and mandatory blending of bioethanol in gasoline in countries like Malaysia are expected to drive the demand for these segments. Additionally, the availability of abundant feedstocks for biodiesel and bioethanol production in many countries will contribute to the positive outlook for these segments.
Transportation Sector Emerges as Key Consumer of Liquid Biofuels:
The transportation sector is expected to be the leading consumer of liquid biofuels, particularly biodiesel, as reducing dependence on fossil fuels becomes crucial. By 2030, the use of liquid biofuels in transportation is projected to triple as trade, e-commerce, and globalization rely on these fuels for expansion. Natural gas, biogas, hydrogen, and biodiesel derived through biochemical or thermochemical processes are the primary biofuels demanded in the transportation sector. Investments in technology development for efficient production of liquid biofuels will support the growth of this segment in the coming years.
North America Sets the Standard for Other Regions:
North America is expected to lead the global liquid biofuels market in terms of geography. The region benefits from an abundance of feedstock due to large-scale corn plantations, which will drive the growth of the liquid biofuels market. Despite the pandemic, the U.S. remains at the forefront in North America, supported by initiatives such as the Renewable Fuel Reimbursement Programme. Additionally, Canada's commitment to reducing greenhouse gas emissions by 30Mt by 2030 will contribute to the region's growth. Such a strong stance on emissions reduction is expected to create favorable market conditions in the coming years.
Key Players in the Global Liquid Biofuels Market:
Major players operating in the global liquid biofuels market, as highlighted in the research report, include: Cargill, Incorporated, Sapphire Energy, Praj Industries, Australian Renewable Fuels Limited, Cosan Limited, Alto Ingredients, Inc., Coskata, Inc., Archer Daniels Midland Company (ADM), Gevo, Inc., Renewable Energy Corp, RB Fuels, Green Plains, Valero Energy Corp., Wilmar International, Petrobras, Algenol, and Butamax.
Table of Contents
1. Executive Summary
- 1.1. Global Liquid Biofuels Market Snapshot
- 1.2. Key Market Trends
- 1.3. Future Projections
- 1.4. Analyst Recommendations
2. Market Overview
- 2.1. Market Definitions and Segmentations
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.1.1. Driver A
- 2.2.1.2. Driver B
- 2.2.1.3. Driver C
- 2.2.2. Restraints
- 2.2.2.1. Restraint 1
- 2.2.2.2. Restraint 2
- 2.2.3. Market Opportunities Matrix
- 2.3. Value Chain Analysis
- 2.4. Porter's Five Forces Analysis
- 2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
- 2.6. Government Regulations and Certification Compliance
- 2.7. Technology Landscape
- 2.8. Raw Material Analysis
- 2.9. Upcoming Products
- 2.10. Economic Analysis
3. Production Output and Trade Statistics, 2019 - 2022
- 3.1. Liquid Biofuels Supply-Demand Analysis
- 3.2. Regional Production Statistics
- 3.2.1. North America
- 3.2.2. Europe
- 3.2.3. Asia Pacific
- 3.2.4. Latin America
- 3.2.5. Middle East & Africa
- 3.3. Trade Statistics
4. Price Trends Analysis and Future Projects, 2019 - 2030
- 4.1. Key Highlights
- 4.2. Prominent Factors Affecting Prices
- 4.3. By Product
- 4.4. By Region
5. Global Liquid Biofuels Market Outlook, 2019 - 2030
- 5.1. Global Liquid Biofuels Market Outlook, by Product, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 5.1.1. Key Highlights
- 5.1.1.1. Biodiesel
- 5.1.1.2. Bioethanol
- 5.1.1.3. Hydrotreated Vegetable Oil (HVO)
- 5.1.1.4. Misc. (Lignocellulosic Biomass, etc.)
- 5.1.2. BPS Analysis/Market Attractiveness Analysis
- 5.2. Global Liquid Biofuels Market Outlook, by Source, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 5.2.1. Key Highlights
- 5.2.1.1. Vegetable Oils
- 5.2.1.2. Animal Fats
- 5.2.1.3. Sugar Crops
- 5.2.1.4. Starch Crops
- 5.2.1.5. Misc.
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
- 5.3. Global Liquid Biofuels Market Outlook, by End-users, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 5.3.1. Key Highlights
- 5.3.1.1. Power Generation
- 5.3.1.2. Transportation
- 5.3.1.3. Heating
- 5.3.1.4. Aviation
- 5.3.1.5. Misc. (Cooking, etc.)
- 5.3.2. BPS Analysis/Market Attractiveness Analysis
- 5.4. Global Liquid Biofuels Market Outlook, by Region, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 5.4.1. Key Highlights
- 5.4.1.1. North America
- 5.4.1.2. Europe
- 5.4.1.3. Asia Pacific
- 5.4.1.4. Latin America
- 5.4.1.5. Middle East & Africa
- 5.4.2. BPS Analysis/Market Attractiveness Analysis
6. North America Liquid Biofuels Market Outlook, 2019 - 2030
- 6.1. North America Liquid Biofuels Market Outlook, by Product, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 6.1.1. Key Highlights
- 6.1.1.1. Biodiesel
- 6.1.1.2. Bioethanol
- 6.1.1.3. Hydrotreated Vegetable Oil (HVO)
- 6.1.1.4. Misc.
- 6.1.2. BPS Analysis/Market Attractiveness Analysis
- 6.2. North America Liquid Biofuels Market Outlook, by Source, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 6.2.1. Key Highlights
- 6.2.1.1. Vegetable Oils
- 6.2.1.2. Animal Fats
- 6.2.1.3. Sugar Crops
- 6.2.1.4. Starch Crops
- 6.2.1.5. Misc.
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
- 6.3. North America Liquid Biofuels Market Outlook, by End-user, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 6.3.1. Key Highlights
- 6.3.1.1. Power Generation
- 6.3.1.2. Transportation
- 6.3.1.3. Heating
- 6.3.1.4. Aviation
- 6.3.1.5. Misc. (Cooking, etc.)
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
- 6.4. North America Liquid Biofuels Market Outlook, by Country, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 6.4.1. Key Highlights
- 6.4.1.1. U.S.
- 6.4.1.2. Canada
- 6.4.2. BPS Analysis/Market Attractiveness Analysis
7. Europe Liquid Biofuels Market Outlook, 2019 - 2030
- 7.1. Europe Liquid Biofuels Market Outlook, by Product, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 7.1.1. Key Highlights
- 7.1.1.1. Biodiesel
- 7.1.1.2. Bioethanol
- 7.1.1.3. Hydrotreated Vegetable Oil (HVO)
- 7.1.1.4. Misc.
- 7.1.2. BPS Analysis/Market Attractiveness Analysis
- 7.2. Europe Liquid Biofuels Market Outlook, by Source, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 7.2.1. Key Highlights
- 7.2.1.1. Vegetable Oils
- 7.2.1.2. Animal Fats
- 7.2.1.3. Sugar Crops
- 7.2.1.4. Starch Crops
- 7.2.1.5. Misc.
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
- 7.3. Europe Liquid Biofuels Market Outlook, by End-user, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 7.3.1. Key Highlights
- 7.3.1.1. Power Generation
- 7.3.1.2. Transportation
- 7.3.1.3. Heating
- 7.3.1.4. Aviation
- 7.3.1.5. Misc. (Cooking, etc.)
- 7.4. Europe Liquid Biofuels Market Outlook, by Country, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 7.4.1. Key Highlights
- 7.4.1.1. Germany
- 7.4.1.2. France
- 7.4.1.3. U.K.
- 7.4.1.4. Italy
- 7.4.1.5. Spain
- 7.4.1.6. Turkey
- 7.4.1.7. Russia
- 7.4.1.8. Rest of Europe
- 7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Asia Pacific Liquid Biofuels Market Outlook, 2019 - 2030
- 8.1. Asia Pacific Liquid Biofuels Market Outlook, by Product, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 8.1.1. Key Highlights
- 8.1.1.1. Biodiesel
- 8.1.1.2. Bioethanol
- 8.1.1.3. Hydrotreated Vegetable Oil (HVO)
- 8.1.1.4. Misc.
- 8.1.2. BPS Analysis/Market Attractiveness Analysis
- 8.2. Asia Pacific Liquid Biofuels Market Outlook, by Source, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 8.2.1. Key Highlights
- 8.2.1.1. Vegetable Oils
- 8.2.1.2. Animal Fats
- 8.2.1.3. Sugar Crops
- 8.2.1.4. Starch Crops
- 8.2.1.5. Misc.
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
- 8.3. Asia Pacific Liquid Biofuels Market Outlook, by End-user, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 8.3.1. Key Highlights
- 8.3.1.1. Power Generation
- 8.3.1.2. Transportation
- 8.3.1.3. Heating
- 8.3.1.4. Aviation
- 8.3.1.5. Misc. (Cooking, etc.)
- 8.4. Asia Pacific Liquid Biofuels Market Outlook, by Country, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 8.4.1. Key Highlights
- 8.4.1.1. China
- 8.4.1.2. Japan
- 8.4.1.3. South Korea
- 8.4.1.4. India
- 8.4.1.5. Southeast Asia
- 8.4.1.6. Australia
- 8.4.1.7. Rest of Asia Pacific
- 8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Latin America Liquid Biofuels Market Outlook, 2019 - 2030
- 9.1. Latin America Liquid Biofuels Market Outlook, by Product, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 9.1.1. Key Highlights
- 9.1.1.1. Biodiesel
- 9.1.1.2. Bioethanol
- 9.1.1.3. Hydrotreated Vegetable Oil (HVO)
- 9.1.1.4. Misc.
- 9.1.2. BPS Analysis/Market Attractiveness Analysis
- 9.2. Latin America Liquid Biofuels Market Outlook, by Source, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 9.2.1. Key Highlights
- 9.2.1.1. Vegetable Oils
- 9.2.1.2. Animal Fats
- 9.2.1.3. Sugar Crops
- 9.2.1.4. Starch Crops
- 9.2.1.5. Misc.
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
- 9.3. Latin America Liquid Biofuels Market Outlook, by End-user, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 9.3.1. Key Highlights
- 9.3.1.1. Power Generation
- 9.3.1.2. Transportation
- 9.3.1.3. Heating
- 9.3.1.4. Aviation
- 9.3.1.5. Misc. (Cooking, etc.)
- 9.4. Latin America Liquid Biofuels Market Outlook, by Country, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 9.4.1. Key Highlights
- 9.4.1.1. Brazil
- 9.4.1.2. Mexico
- 9.4.1.3. Argentina
- 9.4.1.4. Rest of Latin America
- 9.4.2. BPS Analysis/Market Attractiveness Analysis
10. Middle East & Africa Liquid Biofuels Market Outlook, 2019 - 2030
- 10.1. Middle East & Africa Liquid Biofuels Market Outlook, by Product, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 10.1.1. Key Highlights
- 10.1.1.1. Biodiesel
- 10.1.1.2. Bioethanol
- 10.1.1.3. Hydrotreated Vegetable Oil (HVO)
- 10.1.1.4. Misc.
- 10.1.2. BPS Analysis/Market Attractiveness Analysis
- 10.2. Middle East & Africa Liquid Biofuels Market Outlook, by Source, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 10.2.1. Key Highlights
- 10.2.1.1. Vegetable Oils
- 10.2.1.2. Animal Fats
- 10.2.1.3. Sugar Crops
- 10.2.1.4. Starch Crops
- 10.2.1.5. Misc.
- 10.2.2. BPS Analysis/Market Attractiveness Analysis
- 10.3. Middle East & Africa Liquid Biofuels Market Outlook, by End-user, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 10.3.1. Key Highlights
- 10.3.1.1. Power Generation
- 10.3.1.2. Transportation
- 10.3.1.3. Heating
- 10.3.1.4. Aviation
- 10.3.1.5. Misc. (Cooking, etc.)
- 10.3.2. BPS Analysis/Market Attractiveness Analysis
- 10.4. Middle East & Africa Liquid Biofuels Market Outlook, by Country, Volume (Million Ltr.) and Value (US$ Mn), 2019 - 2030
- 10.4.1. Key Highlights
- 10.4.1.1. GCC
- 10.4.1.2. South Africa
- 10.4.1.3. Rest of Middle East & Africa
- 10.4.2. BPS Analysis/Market Attractiveness Analysis
11. Competitive Landscape
- 11.1. Company Market Share Analysis, 2021
- 11.2. Competitive Dashboard
- 11.3. Product vs Application Heatmap
- 11.4. Company Manufacturing Footprint Analysis
- 11.5. Company Profiles
- 11.5.1. Archer-Daniels-Midland Co.
- 11.5.1.1. Company Overview
- 11.5.1.2. Product Portfolio
- 11.5.1.3. Financial Overview
- 11.5.1.4. Business Strategies and Development
- 11.5.2. Green Plains Inc.
- 11.5.3. Valero
- 11.5.4. Australian Renewable Fuels Limited (ARF)
- 11.5.5. BlueFire Ethanol Fuels, Inc.
- 11.5.6. Cosan
- 11.5.7. VERBIO Vereinigte BioEnergie AG
- 11.5.8. Renewable Energy Group
- 11.5.9. Louis Dreyfus Company
- 11.5.10. Ag Processing Inc.
- 11.5.11. Bajaj Hindusthan Limited
- 11.5.12. SDIC Jilin Alcohol
- 11.5.13. Henan Tianguan
- 11.5.14. Zhuoyue New Energy
- 11.5.15. Abengoa Bioenergia
- 11.5.16. Neste
12. Appendix
- 12.1. Research Methodology
- 12.2. Report Assumptions
- 12.3. Acronyms and Abbreviations