市场调查报告书
商品编码
1532123
生质柴油的全球市场的评估:各原料,各用途,各地区,机会,预测(2017年~2031年)Biodiesel Market Assessment, By Feed Stock [Vegetable Oil, Animal Fats, Others], By Application [Transportation, Power Generation, Others], By Region, Opportunities and Forecast, 2017-2031F |
全球生质柴油市场规模预计将从 2023 年的 411.5 亿美元增至 2031 年的 763.4 亿美元,2024-2031 年预测期间复合年增长率为 8.03%。与2021年相比,2022年全球生质燃料需求将成长6%,相当于每年91亿公升。这一增长得益于美国和欧洲的有利监管。此外,在财政激励和混合要求的支持下,印度和巴西的生物柴油需求正在增加。由于强制使用 30% 的生质柴油混合物,印尼生质柴油的使用量增加。
根据 IEA 的数据,到 2023 年,全球每年消耗 482 亿公升生质柴油。生物燃料的大部分需求来自发展中国家,特别是巴西、印尼和印度。这三个国家都有严格的法规、对运输燃料的需求不断增长以及原材料供应充足,其中生物柴油是最常见的。美国、加拿大、日本、欧盟等已开发国家正收紧运输监管。然而,销售成长受到电动车普及、车辆效率提高、生物燃料成本上升和技术限制等因素的限制。
旨在减少温室气体排放的法规正在推动对生物柴油的需求,生物柴油的温室气体排放量较低,并且由废物和残渣製成。同时,新兴经济体是扩大生质柴油使用的主要动力,其目的是最大限度地减少外国石油进口并最大限度地利用国内资源来支持当地经济。此外,使用生物燃料可以减少这些国家的温室气体排放。
生质柴油是柴油燃料的可再生替代燃料,因燃烧而产生的空气污染较少,可用于现有的柴油引擎。生质柴油由动物脂肪、农业原料和回收食用油製成。由于发电和运输应用中对生物柴油作为传统化石燃料替代品的需求不断增加,预计该市场将会扩大。
对保证完全燃烧同时减少温室气体 (GHG) 排放的环保燃料的需求不断增长,也是推动市场的主要因素之一。生物柴油的需求源于其与现代柴油引擎的出色兼容性。使用生物柴油的汽车和其他行业的数量以及人口的增长预计将增加对生物柴油市场的需求。
主导市场的运输领域
由于对有助于减少二氧化碳排放的生物柴油等环保燃料的需求不断增加,因此预计交通运输领域将引领全球生质柴油市场。交通运输业的碳排放污染空气并引发心臟病和呼吸困难,让人们更重视环境安全。生质柴油是一种再生柴油替代品,无需改造即可用于现有柴油引擎。因此,交通运输领域对生质柴油的需求不断增加。
例如,2023年1月,美国能源部(DOE)宣布将向17个项目投资1.18亿美元,以加速可持续生物燃料的生产,以满足我宣布的国家工业和交通需求。选定的项目将透过推动生物炼製厂的发展,从初步和示范测试转向减少化石燃料排放的可持续燃料供应,从而增加国内生物燃料和生物产品的产量。
印尼拥有最大的生产市场
印尼生产超过 800 万千升生质柴油,事实证明该产业实力雄厚,能够满足国内和国际需求。据报道,印尼的生物柴油产能超过1,200万千升,显示该国已准备好满足日益增长的生物柴油需求。
本报告提供全球生质柴油市场相关调查分析,提供市场规模与预测,市场动态,主要企业的形势及预测等资讯。
Global biodiesel market is expected to observe a CAGR of 8.03% during the forecast period 2024-2031, rising from USD 41.15 billion in 2023 to USD 76.34 billion in 2031. Compared to 2021, the global demand for biofuels increased by 6% in 2022, equivalent to 9,100 million liters per year. The growth is attributed to favorable regulations in the United States and Europe. Additionally, India and Brazil are experiencing rising demand for biodiesel, supported by financial incentives and blending requirements. Indonesia has seen increased biodiesel usage due to its 30% biodiesel blending mandate.
According to IEA, in 2023, 48.2 billion liters per year of biodiesel was consumed globally. Most of the demand for biofuels is coming from developing nations, especially Brazil, Indonesia, and India. Each of the three nations have strong regulations, a growing need for transportation fuel, and a plentiful supply of feedstock, with the highest usage of biodiesel. Advanced economies such as the United States, Canada, Japan, and European Union are tightening their transportation regulations. However, volume growth is limited due to factors such as the increasing popularity of electric vehicles, improvements in vehicle efficiency, high biofuel costs, and technological constraints.
Regulations intended to reduce GHG emissions are driving demand of biodiesel, as it has low GHG emissions and is made from wastes and residues. Meanwhile, emerging economies are the main drivers of the growing use of biodiesel, with the dual goals of minimizing the use of foreign oil imports and maximizing the use of domestic resources to support local economies. Additionally, using biofuels lowers greenhouse gas emissions in these nations.
Biodiesel is a clean-burning, renewable alternative to diesel that can be utilized in existing diesel engines. It is made from an increasing range of animal fats, agricultural feedstock, and recycled cooking oil. The market is expected to increase due to rising demand for biodiesel as an alternative to conventional fossil fuels in power generation and transportation applications.
One of the key elements propelling the market is the increasing need for fuels that are environmentally friendly and assure complete combustion while lowering greenhouse gas (GHG) emissions. Demand is being driven by biodiesel's excellent compatibility with current diesel engines. The number of cars and other industries using biodiesel, together with the population growth are predicted to increase demand for biodiesel in the market.
Transportation Segment to Dominate Market
Due to the rising demand for environmentally friendly fuels such as biodiesel, which help lower carbon emissions, the transportation segment is expected to lead the global biodiesel market. People are becoming more conscious of environmental safety due to the transportation industry's carbon emissions, which contaminate the air and contribute to heart disease and breathing difficulties. Biodiesel is a renewable diesel replacement utilized in existing diesel engines without modifications. It raises the demand for biodiesel in the transportation sector.
For instance, in January 2023, the US Department of Energy (DOE) declared that it would put USD 118 million into 17 projects to hasten the creation of sustainable biofuels for the country's industry and transportation needs. By advancing biorefinery development, from pre-pilot and demonstration to supply sustainable fuels that limit emissions associated with fossil fuels, the selected projects will increase domestic production of biofuels and bioproducts.
Indonesia Holds the Largest Market in Terms of Production
Over 8 million kiloliters of biodiesel have been produced in Indonesia, demonstrating a strong industry that can meet both local and international demand. With a reported capacity of over 12 million kiloliters, the nation has a sizable capability for producing biodiesel, indicating its readiness to satisfy rising biodiesel demand.
By blending diesel with Fatty Acid Methyl Ester (FAME) derived from palm oil, Indonesia intends to reduce fuel imports, increase domestic demand for palm oil, and lower emissions. The mandate, which has been expanded to include a nationwide B20 program in 2018, a B30 program in 2020, and a 35% blending rate by August 2023, is carried out by Pertamina in collaboration with private enterprises. Tests comparing the performance of two diesel fuel types with different degrees of bio components are part of the government's effort to surpass 35% of blending rates. The government started testing a 50% renewable diesel blend in May 2023, focusing on heavy equipment used in the mining industry. The successful implementation of the B30 program, mandating a 30% biodiesel blend in diesel fuel, demonstrates Indonesia's commitment to renewable energy and its leading role in the global biofuel initiatives.
Global Biofuels Alliance to Influence Market Growth
In September 2023, as the G20 Chair, India initiated the Global Biofuels Alliance (GBA), a multi-stakeholder collaboration of governments, international organizations, and industries that brings together largest producers and users of biofuels to promote the development and use of biofuels. The project seeks to establish biofuels as a vital component of energy transition and a driver of employment and economic expansion.
Through facilitating capacity-building exercises across the value chain, providing technical support for national programs and, encouraging the sharing of policy lessons technology advancements, and the increasing use of sustainable biofuels with the involvement of a wide range of stakeholders, the Alliance hopes to accelerate the global uptake of biofuels. To encourage the use and trading of biofuels, GBA seeks to create globally accepted standards, norms, and sustainability principles. The alliance will promote international cooperation for the promotion of biofuels by acting as a knowledge base and expert hub.
Rising Demand for Low-Carbon Emission Products
Biodiesel is devoid of sulfur compounds and aromatics, making it easy to use, biodegradable, and non-toxic. It is compatible with the majority of diesel engines, produces fewer greenhouse gases and air pollutants, and emits less harmful carbon-based emissions. The biodiesel business is expanding due to growing concerns about greenhouse gas emissions from the use of fossil fuels. In addition to a lower harmful and carcinogenic aromatic carbon content than petroleum diesel, biodiesel can cut greenhouse gas emissions by up to 50%.
For instance, Indonesia has submitted its latest commitment to the UNFCC, setting updated targets of a 31.89% reduction and a 43.2% reduction by 2030. The increase is conditional and shows that lowering emissions without help from abroad is a priority. To position biofuels as the main energy source for its transportation sector by 2050, Indonesia has devised the Long-Term Low Carbon Strategy (LTS-LCCR 2050). The transition entails gradually switching from gasoline to renewable diesel, bioethanol, and biodiesel derived from palm oil.
Future Market Scenario (2024 - 2031F)
Demand for biodiesel is expected to increase due to developments in transportation fleets, greater demand from consumers, and improvements in domestic policies. By 2031, global ethanol and biodiesel production is expected to rise to 140 billion liters and 55 billion liters, respectively, as a result of growth in Asian nations that support domestic production with tax breaks, subsidies, and low-interest loans for investments. Different nations use different feedstocks for biodiesel products, becoming more aware of the sustainability of biofuel production.
By 2031, ethanol mix rate in the United States will reach 11%. The European Union will continue to generate the most biodiesel globally, with a decline in production shares from 30.7% to 28% worldwide. By 2031, advanced biofuel sources are predicted to rise from 24% to 37% of total biofuel consumption in European Union, while overall biofuel usage is predicted to decline by 1.5% per annum. As it poses a high risk of ILUC, palm oil-based biodiesel is projected to see a decrease in consumption. Over the next ten years, Brazil is predicted to consume more fuel overall, underpinning the potential growth of blending biofuels into gasoline and diesel. By 2031, Indonesia is expected to produce 10.9 billion liters of biodiesel. European Union's environmental regulations and high-income countries' decreasing diesel use are expected to increase their exports during the forecast years.
In 2021, due to rising soybean oil prices and production expenses, the Argentina government lowered the biodiesel mix rate from 10% to 5%, which is estimated to increase to 8.5% in 2031. Tax exemptions will continue to boost the development of the country's biodiesel market. The Thailand government plans to gradually decrease its ethanol subsidy by 2022, with higher blends expected to be less affected. Blending is expected to reach 16%, and its production is projected to increase to 2 billion litter by 2031. Biodiesel demand will be supported by obligatory blending rates, with subsidies favoring B20 and B10. However, limited palm oil supply and high vegetable oil prices will constrain domestic supply.
Key Players Landscape and Outlook
The global biodiesel market is dominated due to their extensive production capacities and advanced technologies. The market outlook is expected to be positive, driven by increasing demand for cleaner transportation fuels and government policies. Regulations and incentives are encouraging biodiesel adoption, while advancements in production technology and feedstock diversification enhance efficiency and cost-effectiveness. Key players are expanding operations and forming strategic partnerships to improve biodiesel production and distribution. Innovations in feedstock and processing technologies are expected to further boost market growth.
For instance, in October 2023, Neste completed the merger of Neste Engineering Solutions Oy (NES) into Neste Corporation. As a result of the merger, NES is expected to provide a high-quality technology and engineering services for oil and gas, petrochemicals, and bio-based industries.
For instance, in June 2022, Chevron completed the acquisition of Renewable Energy Group. The acquisition aims to make Chevron one of the leading renewable fuel companies in the United States, offering cost-effective and lower carbon solutions to utilize in current fleets and infrastructure. The executive vice president of Downstream & Chemicals stated that the merger will enhance Chevron's offerings.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.