Published by Coherent Market Insights
Posted on October 8, 2021
3 min readLast updated: January 30, 2026
The advanced biofuel market is set to grow by USD 110.50 billion by 2027, driven by R&D and supportive policies, with North America leading the market.
The advanced biofuel market was valued at US$ 8.880 Billion in 2016 globally and is expected to expand at a CAGR of 41.18%, in terms of revenue, during 2017 – 2025.
Advanced biofuels are fuels manufactured from various type of biomass, which includes waste from agricultural, urban, and other wastes. It also known as second-generation biofuels. These biofuels are made from woody crops or lignocellulosic biomass, sugars, non-starch, and agricultural residues, which makes it harder to extract the required fuel. The second-generation biofuel is developed to overcome the limitations of high freezing temperatures and negative environmental effect of first-generation fuels (such as vegetable oil, biodiesel, bioalcohols, biogas, and syngas) and they can supply large amount of global fuel sustainably, which is affordable with higher environmental benefits.
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Market Dynamics
The 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. The R&D framework of National Alliance for Advanced Biofuels and Bio-products (NAABB), includes algal biology to increase strain productivity. It has developed an algal transformation pipeline to increase biomass yield and lipid production. However, Asia Pacific is anticipated to witness highest growth due to rapidly growing biofuels or advanced biofuels manufacturing industry and increasing awareness towards usage of advanced biofuels in China and India.
Key features of the study:
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Advanced Biofuels commonly known as second generation biofuel is obtained by using organic, municipal, and industrial wastes as feedstock. These low-cost advanced biofuels help to extend the energy mix and decrease the dependency on conventional fuels globally. Advanced biofuels reduce carbon emission and exhibit commercial possibilities, leading to increased demand for their production, in turn driving the growth of advanced biofuels market.
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The post Advanced Biofuel Market Size Is Forecast To Grow By Usd 110.50 Billion During 2021-2027 At A Cagr Of 45% | Abengoa Bioenergy, S.A., A2BE Carbon Capture appeared first on Gatorledger.
The article discusses the growth forecast of the advanced biofuel market from 2021 to 2027.
Advanced biofuels, or second-generation biofuels, are derived from non-food biomass, offering environmental benefits.
North America leads the advanced biofuel market, with significant growth in Asia Pacific.
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