Total Estimated Production of Biofuels in the U.S. And Brazil in 2020 Was Over 9.5 Bn Gallons

As per a new report published by Fact.MR, a market research and competitive intelligence provider, the global biofuels market is anticipated to exceed a valuation of around US$ 141 Bn by 2021. Under the likely scenario, the market can register a CAGR of around 4.8% over the projection period of 2021 to 2031. North America accounts for nearly 35% of global biofuel demand.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=6485

• Several shipping companies across the globe have started using biofuel to showcase their clean operational performance.
• Mitsui O.S.K. Lines (MOL) and NYK Group, two of Japan’s largest shipping companies, have shown their interest in using an alternate fuel such as biofuel in their operations.
• In a trial engaging Euro Marine Logistics, one of MOL’s subsidiaries, 370 tons of biofuel was loaded on City of Oslo, a 11-year old vessel. The biofuel was provided by GoodFuels.
• NYK, on the other hand, conducted a biodiesel test in partnership with Anglo American, a mining company.
• Such developments suggests strong prospects for biofuel demand in shipping applications.

Key Companies Profiled

• Bunge Limited
• Archer Daniels Midland Company
• Valero Energy Corp.
• Petrobras
• Butamax
• Renewable Energy Corp.
• Wilmar International
• Algenol
• Pacific Ethanol Inc.
• Poet, Llc
• Flint Hills Resources
• The Andersons, Inc.
• Raizen S.A.
• Copersucar S.A.
• Abengoa, S. A.
• Alpha Biofuels

For critical insights on this market, request for methodology here

– https://www.factmr.com/connectus/sample?flag=RM&rep_id=6485

Key Takeaways from Market Study

• North America and Latin America together command over 55% of global biofuel revenue owing to their large production base.
• The market in both, East Asia and Middle East and Africa is expected to witness a CAGR of over 6% during the forecast period.
• Revenue through biodiesel is expected to increase 170 BPS during 2021 – 2031.
• Corn-based biofuel accounts for over one-third of global demand; however, demand for vegetable oil and other feedstocks is expected to grow at a faster pace.
• Land transport application of biofuel remained dominant with more than 90% share. However, demand in shipping applications is expected to surge over the coming years.
• Top five players manufacturing biofuel accounted for 21% market share in 2020.

“Research & development on biofuel-based automotive engines promises significant revenue addition in the years to come. Volkswagen’s recent announcement to phase out fossil fuel-based vehicle production and conducting research on biofuel-based automotive suggests growth prospects for biofuel suppliers.” says a Fact.MR analyst.

Market Segments Covered in Biofuels Industry Research

By Biofuel Type

• Biodiesel
• Bioethanol
• Others

By Feedstock

• Corn-based Biofuel
• Sugarcane-based Biofuel
• Vegetable Oil-based Biofuel
• Other Feedstock-based Biofuel

By Application

• Biofuel for Land Transport
• Biofuel for Shipping
• Biofuel for Other Applications

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/6485

Winning Strategy

Considering policymakers’ interest in alternative fuel, biofuel companies should steadily increase their production capacity. Besides, concentration of production base in the U.S. and Brazil makes the industry trade-dependent. Companies’ initiative to open production bases in other countries can lead to a significant growth in demand over the coming years.

Analysis on Market Size Evaluation

The market has been analyzed for each market segment in terms of volume (Gallons) and value (US$ Mn). Market estimates at global and regional levels for biofuels are available in terms of “US$ Mn”. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report.

Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a solution provider can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global biofuels market.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2020/03/17/2001947/0/en/Sales-of-Automotive-Wrap-Films-to-Expand-6X-Between-2019-and-2029-MEA-Poised-to-Turn-Highly-Lucrative-Forecasts-a-New-Fact-MR-Report.html

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com

As per a new report published by Fact.MR, a market research and competitive intelligence provider, the global biofuels market is anticipated to exceed a valuation of around US$ 141 Bn by 2021. Under the likely scenario, the market can register a CAGR of around 4.8% over the projection period of 2021 to 2031. North America accounts for nearly 35% of global biofuel demand.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=6485

• Several shipping companies across the globe have started using biofuel to showcase their clean operational performance.
• Mitsui O.S.K. Lines (MOL) and NYK Group, two of Japan’s largest shipping companies, have shown their interest in using an alternate fuel such as biofuel in their operations.
• In a trial engaging Euro Marine Logistics, one of MOL’s subsidiaries, 370 tons of biofuel was loaded on City of Oslo, a 11-year old vessel. The biofuel was provided by GoodFuels.
• NYK, on the other hand, conducted a biodiesel test in partnership with Anglo American, a mining company.
• Such developments suggests strong prospects for biofuel demand in shipping applications.

Key Companies Profiled

• Bunge Limited
• Archer Daniels Midland Company
• Valero Energy Corp.
• Petrobras
• Butamax
• Renewable Energy Corp.
• Wilmar International
• Algenol
• Pacific Ethanol Inc.
• Poet, Llc
• Flint Hills Resources
• The Andersons, Inc.
• Raizen S.A.
• Copersucar S.A.
• Abengoa, S. A.
• Alpha Biofuels

For critical insights on this market, request for methodology here

– https://www.factmr.com/connectus/sample?flag=RM&rep_id=6485

Key Takeaways from Market Study

• North America and Latin America together command over 55% of global biofuel revenue owing to their large production base.
• The market in both, East Asia and Middle East and Africa is expected to witness a CAGR of over 6% during the forecast period.
• Revenue through biodiesel is expected to increase 170 BPS during 2021 – 2031.
• Corn-based biofuel accounts for over one-third of global demand; however, demand for vegetable oil and other feedstocks is expected to grow at a faster pace.
• Land transport application of biofuel remained dominant with more than 90% share. However, demand in shipping applications is expected to surge over the coming years.
• Top five players manufacturing biofuel accounted for 21% market share in 2020.

“Research & development on biofuel-based automotive engines promises significant revenue addition in the years to come. Volkswagen’s recent announcement to phase out fossil fuel-based vehicle production and conducting research on biofuel-based automotive suggests growth prospects for biofuel suppliers.” says a Fact.MR analyst.

Market Segments Covered in Biofuels Industry Research

By Biofuel Type

• Biodiesel
• Bioethanol
• Others

By Feedstock

• Corn-based Biofuel
• Sugarcane-based Biofuel
• Vegetable Oil-based Biofuel
• Other Feedstock-based Biofuel

By Application

• Biofuel for Land Transport
• Biofuel for Shipping
• Biofuel for Other Applications

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/6485

Winning Strategy

Considering policymakers’ interest in alternative fuel, biofuel companies should steadily increase their production capacity. Besides, concentration of production base in the U.S. and Brazil makes the industry trade-dependent. Companies’ initiative to open production bases in other countries can lead to a significant growth in demand over the coming years.

Analysis on Market Size Evaluation

The market has been analyzed for each market segment in terms of volume (Gallons) and value (US$ Mn). Market estimates at global and regional levels for biofuels are available in terms of “US$ Mn”. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report.

Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a solution provider can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global biofuels market.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2020/03/17/2001947/0/en/Sales-of-Automotive-Wrap-Films-to-Expand-6X-Between-2019-and-2029-MEA-Poised-to-Turn-Highly-Lucrative-Forecasts-a-New-Fact-MR-Report.html

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com