Advanced Biofuel market, By Fuel Type (Cellulosic Ethanol, Biofuel, Biobutanol, BioDME, and others), By Raw Material (Jatropha, Camelina, Algae, Simple Lignocellulose, Complex Lignocellulose, and Others) By Process Type (Biochemical Process and Thermochem

Advanced Biofuel market, By Fuel Type (Cellulosic Ethanol, Biofuel, Biobutanol, BioDME, and others), By Raw Material (Jatropha, Camelina, Algae, Simple Lignocellulose, Complex Lignocellulose, and Others) By Process Type (Biochemical Process and Thermochemical Process), By Region (North America, Europe, Asia Pacific, Middle East, Africa, Latin America) - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Advanced biofuel, commonly known as second generation biofuel, is obtained by using organic, municipal, and industrial wastes as feedstock. These low-cost advanced biofuel helps to extend the energy mix and decreases the dependency on conventional fuels globally. Advanced biofuel reduces carbon emission and exhibits commercial possibilities Examples include algae, corn stalks, switchgrass or methane released by microbial activity in landfills. Among many other benefits, algae can be used to create biofuels similar in composition to current transportation fuels., leading to increased demand for its production, in turn driving growth of the global advanced biofuel market.

Market Dynamics

Global advanced biofuel market is expected to be dominated by North America, followed by Europe. This is mainly attributed to increasing R&D activities and supportive government policies in that region. The R&D framework of National Alliance for Advanced Biofuel and Bio-products (NAABB) in U.S. includes algal biology to increase the strain productivity. It has developed an algal transformation pipeline to increase biomass yield and lipid production. However, Asia Pacific is expected to witness highest growth as Asia Pacific was valued at US$ 13.12 Billion in 2022 due to rapidly growing biofuel or advanced biofuel manufacturing industry and increasing awareness towards usage of advanced biofuel in China and India.

Growing market for renewable energy, increasing investments, and encouraging regulations related to environment, fuels the growth of the global advanced biofuel market, Increasing Greenhouse gas (GHG) emissions in the atmosphere has boosted the research interest of the scientists towards the renewable energy. Asia Pacific is expected to witness increasing demand for advanced biofuel across the automotive end-use industry. Stringent government policies related to the change in usage of land and use of renewable sources has compelled manufacturers and researchers to innovate and develop new technology, which can replace fossil fuel.

Market segmentation

This report segments the global advanced biofuel market on the basis of fuel type, raw materials, by Region and process type. On the basis of fuel type, the global advanced biofuel market is segmented into cellulosic ethanol, biodiesel, biobutanol, BioDME, and others. On the basis of raw material, the market is segmented into jatropha, camelina, algae, simple lignocellulose, complex cellulose, and others. On basis of process type, the market is segmented into biochemical process and thermochemical process.

Key features of the study:

• This report provides in-depth analysis of advanced biofuel and provides market size (US$ Billion & Kilo Tons) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year.
• It elucidates potential revenue and volume opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
• It profiles leading players in the global advanced biofuel market on the basis of the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies, and future plans
• Key companies covered as a part of this study include Abengoa Bioenergy, A2BE Carbon Capture, LLC, Algenol Biofuel, Chemtex group, Bankchak Petroleum, Clariant Produkte (Deutschland) GmbH, Fiberight LLC, DuPont Industrial Biosciences, Fujian Zhongde Energy Co., Ltd, Inbicon, GranBio, INEOS Bio, POET-DSM Advanced Biofuel LLC, KiOR Inc., ZeaChem Inc., and Sundrop Fuels, Inc
• Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
• The global advanced biofuel market report caters to various stakeholders in this industry including investors, suppliers, advanced biofuel manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the advanced biofuel market

Detailed Segmentation:

• Global Advanced Biofuel Market, By Fuel Type:
• Cellulosic Ethanol
• Biodiesel
• Biobutanol
• BioDME
• Others
• Global Advanced Biofuel Market, By Raw Material:
• Jatropha
• Camelina
• Algae
• Simple Lignocellulose
• Complex Lignocellulose
• Others
• Global Advanced Biofuel Market, By Process Type:
• Biochemical Process
• Thermochemical Process
• Global Advanced Biofuel Market, By Region:
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Italy
• France
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• ASEAN
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Africa
• North Africa
• Central Africa
• South Africa
• Middle East
• GCC
• Israel
• Rest of Middle East
• Company Profiles
• Abengoa Bioenergy *
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• A2BE Carbon Capture, LLC
• Algenol Biofuel
• Chemtex group
• Bankchak Petroleum
• Clariant Produkte (Deutschland) GmbH
• Fiberight LLC
• DuPont Industrial Biosciences
• Fujian Zhongde Energy Co., Ltd
• Inbicon
• GranBio
• INEOS Bio
• POET-DSM Advanced Biofuel LLC
• KiOR Inc.
• ZeaChem Inc.
• Sundrop Fuels, Inc.

“*” marked represents similar segmentation in other categories in the respective section.