Global Liquid Biofuels Market Size Study & Forecast, by Type (Ethanol, Biodiesel), By Feedstock (Sugar Crops, Starch Crops, Vegetable Oils, Animal Fats, Others), By Process (Fermentation, Transesterification, Others), By Application (Transportation, Power

Global Liquid Biofuels Market Size Study & Forecast, by Type (Ethanol, Biodiesel), By Feedstock (Sugar Crops, Starch Crops, Vegetable Oils, Animal Fats, Others), By Process (Fermentation, Transesterification, Others), By Application (Transportation, Power Generation, Heat), and Regional Analysis, 2023-2030

Global Liquid Biofuels Market is valued at approximately USD 137.26 billion in 2022 and is anticipated to grow with a growth rate of more than 8.6% over the forecast period 2023-2030. Liquid biofuels are a type of renewable fuels derived from organic materials, typically plant-based or animal-based sources. These fuels are regarded as a fuel replacement for all types of internal combustion (IC) engines that run on diesel, gasoline, or kerosene and are used in land, air, and sea transportation vehicles. The growing concerns regarding climate change, exploration of new feedstock sources, increasing energy security, coupled with the high demand for transportation fuels are the most prominent factors that are propelling the market demand across the globe.

In addition, the rise in the number of government initiatives for encouraging the use of cleaner energy alternatives that result in zero carbon dioxide emissions on combustion and promote the adoption of plant-based raw material is further contributing to the market expansion. Liquid biofuels are a renewable and sustainable alternative to fossil fuels, and they help reduce greenhouse gas emissions and mitigate the effects of climate change. For instance, the US government has declared a total investment of USD 1.7 trillion in clean energy and climate resilience over the next few years. The government also aims to raise its own investment by over USD 5 trillion by leveraging those made by local, state, and federal governments as well as the private sector. Moreover, the expanding use of liquid biofuels in other applications, as well as the ongoing research and development efforts are leading to advancements in biofuel production technologies present various lucrative opportunities over the forecast years. However, the volatile prices of raw materials and the availability of feedstock are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Liquid Biofuels Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the availability of an abundance of feedstock and arable areas for biofuel production. Also, the surge in demand for transportation fuels, as well as rising inclination towards sustainable aviation fuels are attributing to the regional market growth during the estimated period. Whereas, Latin America is expected to grow with a significant CAGR over the forecast years. The growing need for sustainable energy sources, proactive government initiatives to curb carbon emissions, and increasing investments in transmission infrastructure are significantly propelling the market demand across the region. Government policies promoting biofuel production and utilization, including tax incentives, obligatory blending quotas, and financial support for research and development, have collectively created a conducive environment for the biofuel industry. This, has encouraged substantial investments and advancements in the sector, which, in turn, augments the regional market growth.

Major market players included in this report are:
ADM (U.S.)
CropEnergies AG (Germany)
Bangchak Corporation Public Company Limited (Thailand)
Enerkem (Canada)
Renewable Biofuels Inc. (U.S.)
Chevron Renewable Energy Group. (U.S.)
POET (U.S.)
Algenol (U.S.)
Fulcrum BioEnergy, Inc. (U.S.)
Emami Agrotech Limited (India)

Recent Developments in the Market:
 In May 2022, POET announced that the company is reopening its ethanol manufacturing facility in Cloverdale, Indiana, with a total investment of USD 30 million. This investment increases the plant's capacity for output while also enhancing its efficiency.
 In February 2022, Chevron announced the acquisition of Renewables Energy Group by acquiring all of REG's outstanding shares. With this deal, Chevron has added its commercial marketing position, scaled-up manufacturing, and distribution to REG's expanding production of renewable fuels and industry-leading feedstock capabilities.

Global Liquid Biofuels Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Type, Feedstock, Process, Application, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Ethanol
Biodiesel

By Feedstock:
Sugar Crops
Starch Crops
Vegetable Oils
Animal Fats
Others

By Process:
Fermentation
Transesterification
Others

By Application:
Transportation
Power Generation
Heat

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
ADM (U.S.)
CropEnergies AG (Germany)
Bangchak Corporation Public Company Limited (Thailand)
Enerkem (Canada)
Renewable Biofuels Inc. (U.S.)
Chevron Renewable Energy Group. (U.S.)
POET (U.S.)
Algenol (U.S.)
Fulcrum BioEnergy, Inc. (U.S.)
Emami Agrotech Limited (India)

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