This market research report identifies Algenol, Diamond Green Diesel, DuPont, Fiberight, and GranBio as the key vendors in the global advanced biofuel market. This market study also presents a detailed analysis of the market by fuel type (biodiesel, biobutanol, bioDME, and cellulosic ethanol) and by geography (the Americas, APAC, and EMEA).
\nOverview of the global advanced biofuel market<\/p>\n
Technavio\u2019s market research analyst predicts that the global advanced biofuel market will grow at a CAGR of nearly 44% during the forecast period. The growing requirement for cleaner fuel is one of the primary drivers of the market growth. The need for alternate fuels is fast growing owing to rising fuel prices, energy security, and constant increase in emission levels. The R&D initiatives on the biofuels have led to the gradual increase in its utilization globally and are heading toward commercialization due to their performances being similar to gasoline and diesel. Moreover, with slight or no alterations required to the engine, the use of blended fuels in vehicles is rising high, and these fuels also emit lower greenhouse gases compared to conventional fuels dependent on the combination. Such benefits will accelerate the demand for advanced biofuels over the next four years.<\/p>\n
One of the latest trends that will gain traction in the global advanced biofuel market is the rising investments in biofuels. The increasing prices of ordinary fuels have led to the development of advanced biofuels with increasing investments from private organizations. Moreover, support from the governments in the form of exclusive loans and grants will also attract other players to enter the market which will again contribute to its growth.
\nCompetitive analysis and key vendors<\/p>\n
The global advanced biofuel market is largely competitive and dominated by key vendors. The market comprises of numerous key players with regional and local players, and there are a significant number of small players who account for substantial amount of shares. The competition between the vendors is based on innovations, price, and quality of the product and the key advanced biofuel companies are concentrating on new product development to stay unique with their product offerings.<\/p>\n
Key vendors in the market are:<\/p>\n
Algenol
\nDiamond Green Diesel
\nDuPont
\nFiberight
\nGranBio<\/p>\n
Other prominent vendors include Emerald Biofuels, POET-DSM Advanced Biofuels, and Renewable Energy Group.
\nSegmentation by fuel type and analysis of the advanced biofuel market<\/p>\n
Biodiesel
\nBiobutanol
\nBioDME
\nCellulosic ethanol<\/p>\n
During 2016, the cellulosic ethanol fuel type dominated the advanced biofuel market and is expected to continue the dominion over the next four years. The increasing consumption of cellulosic ethanol as an automotive fuel is anticipated to drive the growth of this market segment in the coming years.
\nGeographical segmentation and analysis of the advanced biofuel market<\/p>\n
Americas
\nAPAC
\nEMEA<\/p>\n
In terms of geography, the Americas led the advanced biofuel market during 2016 and is foreseen to dominate the market during the forecast period as well. Factors such as the wide support provided by the countries in the region and the availability of land to produce the feedstock, will propel the growth of the market in this region.
\nKey questions answered in the report include<\/p>\n
What will the market size and the growth rate be in 2021?
\nWhat are the key factors driving the global advanced biofuel market?
\nWhat are the key market trends impacting the global advanced biofuel market?
\nWhat are the challenges to market growth?
\nWho are the key vendors in the global advanced biofuel market?
\nWhat are the market opportunities and threats faced by the vendors in the global advanced biofuel market?
\nTrending factors influencing the market shares of the Americas, APAC, and EMEA.
\nWhat are the key outcomes of the five forces analysis of the global advanced biofuel market?<\/p>\n
Technavio also offers customization on reports based on specific client requirement.<\/p>\n
With the advancement of the industrial sector over the past few decades, specialty chemicals like adhesives, anti-oxidants, additives, corrosion inhibitors have also witnessed an augmented demand. These chemicals have applications in a wide range of industries including aerospace and defense, automotive, construction, sports, and other industrial applications. The research analysts at Technavio understand the specific requirement of each industry to develop high-quality reports. Each of our reports is the result of extensive research, intelligent use of appropriate analytical tools, and taking the current trends and government policies into consideration. Along with syndicated reports, we also develop highly customized reports depending on the specific requirement of our clients. Our reports provide you with an all-encompassing picture about the growth prospects as well as challenges in this industry.<\/p>\n
To identify the industry\u2019s growth prospects, the industry experts at Technavio rigorously follow a combination of primary and secondary research methodologies and take into account important factors like the size of the market and product demand across different geographical regions. Moreover, our upcoming report on advanced biofuels also provides detailed information on various parameters such changing consumer preferences and the products offered by competitors across the global and regional markets. Our upcoming market research report on advanced biofuels for the forecast period of 2017 to 2021 will help clients understand the constantly changing landscape for the specialty chemicals sector.<\/p>\n
In order to understand the advanced biofuels market in a more objective manner, the research analysts closely follow the growth trajectory of similar markets such as specialty pigments and the flavors and fragrances market, which are expected to grow at a CAGR of around 3% and 4%, respectively by 2020. According to our experts, the augmented demand for specialty chemicals from companies that manufacture food products and beverages, perfumes, cosmetics, toiletries, and household products will also impel this market\u2019s growth prospects. Along with specialized syndicated reports, Technavio also offers customized reports based on the requirements of the clients.<\/p>\n
The upcoming industry research report for advanced biofuels also identifies the key drivers, emerging trends, as well as the challenges currently experienced by the specialty chemicals sector. It also presents insights into the changing competitive landscape to give you a realistic picture of the future direction of the chemicals and materials industry.<\/p>\n","protected":false},"excerpt":{"rendered":"
Overview of the global advanced biofuel market<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[12570,5818],"supplier":[1904,3335],"class_list":["post-42112","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-biodiesel","tag-biofuel","supplier-eurepean-medicines-agency-emea","supplier-technavio"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/42112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=42112"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/42112\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=42112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=42112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=42112"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=42112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}