Global Lignocellulosic Feedstock-based Biofuel Market 2024-2028

Global Lignocellulosic Feedstock-Based Biofuel Market 2024-2028

The lignocellulosic feedstock-based biofuel market is forecasted to grow by USD 33648.2 mn during 2023-2028, accelerating at a CAGR of 50.35% during the forecast period. The report on the lignocellulosic feedstock-based biofuel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by non-cropland affecting nature of lignocellulosic feedstock, growing adoption of bioethanol as transport fuel, and stringent regulations pertaining to reduction of ghg emissions.

Technavio's lignocellulosic feedstock-based biofuel market is segmented as below:

By Conversion Process

• Biochemical
• Thermochemical

By Application

• Automotive
• Aviation
• Others

By Geography

• North America
• South America
• Europe
• APAC
• Middle East and Africa

This study identifies the rising ethanol blending rate targets as one of the prime reasons driving the lignocellulosic feedstock-based biofuel market growth during the next few years. Also, increasing government support to produce second-generation biofuels and emergence of integrated waste management system will lead to sizable demand in the market.

The report on the lignocellulosic feedstock-based biofuel market covers the following areas:

• Lignocellulosic feedstock-based biofuel market sizing
• Lignocellulosic feedstock-based biofuel market forecast
• Lignocellulosic feedstock-based biofuel market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading lignocellulosic feedstock-based biofuel market vendors that include Aemetis Inc., ALTRET GREENFUELS Ltd, BDI BioEnergy International GmbH, Blue Biofuels Inc., Borregaard ASA, China Petrochemical Corp., Clariant International Ltd., COSAN S.A., DuPont de Nemours Inc., ENERKEM Inc., Genera Inc., Gevo Inc., GranBio Investimentos SA, New Energy Blue LLC, Novozymes AS, and VERBIO Vereinigte BioEnergie AG. Also, the lignocellulosic feedstock-based biofuel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.