- Camelina
- Algae
- Jatropha
- Lignocellulose
- Others
Advanced Biofuel Market is expected to be valued at USD 47.4 billion in 2022 and is poised to grow at a significant CAGR of 33.2% over 2022–2028. Advanced biofuels are fuels manufactured from several type of biomass such as, agricultural waste, urban waste, 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 tougher to extract the required fuel. Advanced biofuels have several benefits such as, low carbon emission which is driving factor for the advanced biofuels market growth by utilizing in the automotive sector. The global advanced biofuel market is further driven by factors such as favourable government regulations encouraging the usage of second-generation biofuel in various end use sectors including manufacturing and energy sector, and rising concern regarding food sustainability of first-generation biofuel among stakeholders. Apart from this, depleting carbon-based fossil fuel is also enhancing the usage of second-generation biofuel among users. Advanced biofuels market is restrained by lack of awareness regarding the benefits provided by the usage of advanced biofuels. This lack of knowledge has seen the adoption of biofuels in some selected countries only. Lack of awareness regarding benefits of second-generation biofuel in Asian countries has negatively affected the growth of the advanced biofuel market in this region. Moreover, rapid urbanization and industrialization, energy demand is rising exponentially in emerging economies. This will surely create lucrative opportunities among prominent key players to offers numerous advanced fuels with maximum efficiencies and cost effective. In coming next few years, with government regulations supporting the usage of advanced biofuel with environmentally friendly. Such regulations will undoubtedly create opportunity for the advanced biofuel market in emerging economies. Recent Market Developments: In July 2022, DHL Global forwarding and hapag-lloyd set an example for sustainable ocean transport by using advanced biofuel.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
Rising disposable income and increasing population day by day across globe are increasing the demand for energy as well as transportation fuel, and augmented the usage of advanced biofuel are the major factors propelling the market growth. Furthermore, public transportation vehicles having fuel efficiency and emission control as per stringent government regulations also support to fuelling the demand of advanced biofuels.
The global advanced biofuel market is expected to grow at a compound annual growth rate of XX% from 2022 to 2028 to reach USD XX billion by 2028.
Key players’ profiles in the advanced biofuel market report are Fujian Zhongde Energy Co. Ltd., DuPont Danisco Cellulosic Ethanol LLC, Bangchak Corporation PCL, POET-DSM Advanced Biofuels LLC, Clariant AG, Targray Technology International Inc., Sundrop Fuels Inc., INEOS Group Ltd., and Gevo Inc.
Rising concerns regarding global warming and stringent environmental regulations laid by the government authorities, environment-friendly nature, usage of advanced biofuels in the automotive & aviation industry, high investments in R&D for the technologies used to convert biomass into advanced fuels, and ease of availability of raw materials.
1. Executive Summary |
2. Global Advanced Biofuel Market Introduction |
2.1. Global Advanced Biofuel Market – Taxonomy |
2.2. Global Advanced Biofuel Market –Definitions |
2.2.1. Raw Material |
2.2.2. Type |
2.2.3. Technology |
2.2.4. Application |
2.2.5. Region |
3. Global Advanced Biofuel Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Advanced Biofuel Market Dynamic Factors - Impact Analysis |
3.6. Global Advanced Biofuel Market – Competition Landscape |
4. Global Advanced Biofuel Market Analysis,2017 - 2021 and Forecast, 2022 - 2028 |
4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Advanced Biofuel Market, By Raw Material, 2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn) |
5.1. Camelina |
5.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Algae |
5.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Jatropha |
5.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Lignocellulose |
5.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Others |
5.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
6. Global Advanced Biofuel Market, By Type, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
6.1. Advanced diesel |
6.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Biodiesel |
6.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Advanced Gasoline |
6.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Biocrude |
6.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Others |
6.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
7. Global Advanced Biofuel Market, By Technology, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
7.1. Biochemical Routes |
7.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Thermochemical Routes |
7.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
8. Global Advanced Biofuel Market Forecast, By Application, 2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn) |
8.1. Energy Generation |
8.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Charging Electronics |
8.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Transportation |
8.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Others |
8.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
9. Global Advanced Biofuel Market Forecast, By Region, 2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn) |
9.1. North America |
9.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia-Pacific |
9.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Latin America |
9.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Middle East and Africa |
9.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
9.6. Global Advanced Biofuel Market - Opportunity Analysis Index, By Raw Material, Type, Technology, Application, and Region, 2022 - 2028 |
10. North America Advanced Biofuel market analysis,2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn) |
10.1. Raw Material Analysis 2017–2021and Forecast 2022 - 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Camelina |
10.1.2. Algae |
10.1.3. Jatropha |
10.1.4. Lignocellulose |
10.1.5. Others |
10.2. Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Advanced diesel |
10.2.2. Biodiesel |
10.2.3. Advanced gasoline |
10.2.4. Biocrude |
10.2.5. Others |
10.3. Technology Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Biochemical Routes |
10.3.2. Thermochemical Routes |
10.4. Application Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Energy Generation |
10.4.2. Charging Electronics |
10.4.3. Transportation |
10.4.4. Others |
10.5. Country Analysis 2017 - 2021 and Forecast 2022 - 2028by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.5.1. USA |
10.5.2. Canada |
10.6. North America Advanced Biofuel Market - Opportunity Analysis Index, By Raw Material, Type, Technology, Application, and Country, 2022 - 2028 |
10.7. North America Advanced Biofuel Market Dynamics – Trends |
11. Europe Advanced Biofuel Market Analysis, 2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn) |
11.1. Raw Material Analysis 2017–2021and Forecast 2022 - 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Camelina |
11.1.2. Algae |
11.1.3. Jatropha |
11.1.4. Lignocellulose |
11.1.5. Others |
11.2. Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Advanced diesel |
11.2.2. Biodiesel |
11.2.3. Advanced gasoline |
11.2.4. Biocrude |
11.2.5. Others |
11.3. Technology Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Biochemical Routes |
11.3.2. Thermochemical Routes |
11.4. Application Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Energy Generation |
11.4.2. Charging Electronics |
11.4.3. Transportation |
11.4.4. Others |
11.5. Country Analysis 2017–2021and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.5.1. Germany |
11.5.2. UK |
11.5.3. France |
11.5.4. Spain |
11.5.5. Italy |
11.5.6. Russia |
11.5.7. Poland |
11.5.8. Rest of Europe |
11.6. Europe Advanced Biofuel Market - Opportunity Analysis Index, By Raw Material , Type, Technology, Application, and Country, 2022 - 2028 |
11.7. Europe Advanced Biofuel Market Dynamics – Trends |
12. Asia-Pacific Advanced Biofuel Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
12.1. Raw Material Analysis 2017–2021and Forecast 2022 - 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Camelina |
12.1.2. Algae |
12.1.3. Jatropha |
12.1.4. Lignocellulose |
12.1.5. Others |
12.2. Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Advanced diesel |
12.2.2. Biodiesel |
12.2.3. Advanced gasoline |
12.2.4. Biocrude |
12.2.5. Others |
12.3. Technology Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Biochemical Routes |
12.3.2. Thermochemical Routes |
12.4. Application Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Energy Generation |
12.4.2. Charging Electronics |
12.4.3. Transportation |
12.4.4. Others |
12.5. Country Analysis2017–2021and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.5.1. Japan |
12.5.2. China |
12.5.3. India |
12.5.4. ASEAN |
12.5.5. Australia & New Zealand |
12.5.6. Rest of Asia-Pacific |
12.6. Asia-Pacific Advanced Biofuel Market - Opportunity Analysis Index, By Raw Material, Type, Technology, Application, and Country,2022 - 2028 |
12.7. Asia-Pacific Advanced Biofuel Market Dynamics – Trends |
13. Latin America Advanced Biofuel Market Analysis,2017 - 2021 and Forecast, 2022–2028 (Revenue, USD Mn) |
13.1. Raw Material Analysis 2017–2021and Forecast 2022 - 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Camelina |
13.1.2. Algae |
13.1.3. Jatropha |
13.1.4. Lignocellulose |
13.1.5. Others |
13.2. Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.2.1. Advanced diesel |
13.2.2. Biodiesel |
13.2.3. Advanced gasoline |
13.2.4. Biocrude |
13.2.5. Others |
13.3. Technology Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Biochemical Routes |
13.3.2. Thermochemical Routes |
13.4. Application Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Energy Generation |
13.4.2. Charging Electronics |
13.4.3. Transportation |
13.4.4. Others |
13.5. Country Analysis 2017–2021and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.5.1. Brazil |
13.5.2. Mexico |
13.5.3. Argentina |
13.5.4. Rest of Latin America |
13.6. Latin America Advanced Biofuel Market - Opportunity Analysis Index, By Raw Material, Type, Technology, Application, and Country, 2022 - 2028 |
13.7. Latin America Advanced Biofuel Market Dynamics – Trends |
14. Middle East and Africa Advanced Biofuel Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
14.1. Raw Material Analysis 2017–2021and Forecast 2022 - 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.1.1. Camelina |
14.1.2. Algae |
14.1.3. Jatropha |
14.1.4. Lignocellulose |
14.1.5. Others |
14.2. Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.2.1. Advanced diesel |
14.2.2. Biodiesel |
14.2.3. Advanced gasoline |
14.2.4. Biocrude |
14.2.5. Others |
14.3. Technology Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.3.1. Biochemical Routes |
14.3.2. Thermochemical Routes |
14.4. Application Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.4.1. Energy Generation |
14.4.2. Charging Electronics |
14.4.3. Transportation |
14.4.4. Others |
14.5. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
14.5.1. Gulf Cooperation Council (GCC) Countries |
14.5.2. Israel |
14.5.3. South Africa |
14.5.4. Rest of MEA |
14.6. MEA Advanced Biofuel Market - Opportunity Analysis Index, By Raw Material, Type, Technology, Application, and Country, 2022 - 2028 |
14.7. MEA Advanced Biofuel Market Dynamics – Trends |
15. Competition Landscape |
15.1. Strategic Dashboard of Top Market Players |
15.2. Company Profiles (Introduction, Financial Analysis, Product Type& Service Testing Types, Key Developments, Strategies, and SWOT Analysis) |
15.2.1. Fujian Zhongde Energy Co. Ltd. |
15.2.2. DuPont Danisco Cellulosic Ethanol LLC |
15.2.3. Bangchak Corporation PCL |
15.2.4. POET-DSM Advanced Biofuels LLC |
15.2.5. Clariant AG |
15.2.6. Targray Technology International Inc. |
15.2.7. Sundrop Fuels Inc. |
15.2.8. INEOS Group Ltd. |
15.2.9. Gevo Inc. |
16. Research Methodology |
17. Key Assumptions and Acronyms |