Advanced Biofuel Market: By Raw Material (Camelina, Algae, Jatropha, Lignocellulose, and Others), By Type (Advanced diesel, Biodiesel, Advanced gasoline, Biocrude, and Others), By Technology (Biochemical Routes, and Thermochemical Routes), By Application (Energy Generation, Charging Electronics, Transportation, and Others), and Geography  

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Advanced Biofuel Market Size was valued at USD 47.4 billion in 2023 and is poised to grow at a significant CAGR of 33.2% over 2024 - 2030. Advanced biofuels are fuels manufactured from several types of biomass such as agricultural waste, urban waste, and other wastes. It is 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 a 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 favorable government regulations encouraging the usage of second-generation biofuel in various end-use sectors including the manufacturing and energy sectors, and rising concern regarding the food sustainability of first-generation biofuel among stakeholders. Apart from this, depleting carbon-based fossil fuels is also enhancing the usage of second-generation biofuel among users.

The Advanced biofuels market is restrained by a 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 the benefits of second-generation biofuel in Asian countries has negatively affected the growth of the advanced biofuel market in this region. Moreover, with rapid urbanization and industrialization, energy demand is rising exponentially in emerging economies. This will surely create lucrative opportunities among prominent key players to offer numerous advanced fuels with maximum efficiencies and cost-effectiveness. In the coming next few years, government regulations support the usage of advanced biofuel with environmentally friendly. Such regulations will undoubtedly create opportunities for the advanced biofuel market in emerging economies.

Advanced Biofuel Market Key Developments:
  • In July 2022, DHL Global Forwarding and happy-Lloyd set an example for sustainable ocean transport using advanced biofuel.

Advanced Biofuel Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

33.2%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Advanced Biofuel Market Dynamics

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.

Advanced Biofuel Market Segmentation

By Raw Materials
  • Camelina
  • Algae
  • Jatropha
  • Lignocellulose
  • Others
By Technology
  • Biochemical Routes
  • Thermochemical Routes
By Application
  • Energy Generation
  • Charging Electronics
  • Transportation
  • Others

Frequently Asked Questions

Advanced biofuels can be produced from a variety of feedstocks, including lignocellulosic biomass (such as agricultural residues and forestry waste), algae, non-food energy crops (like switchgrass), and waste materials (such as municipal solid waste)

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.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
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,2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1. Advanced diesel
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1. Biochemical Routes
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2024 - 2030
10. North America Advanced Biofuel market analysis,2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. Raw Material Analysis 2017-2021and Forecast 2024 - 2030by 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030by 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, 2024 - 2030
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 2024 - 2030by 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2024 - 2030 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, 2024 - 2030
11.7. Europe Advanced Biofuel Market Dynamics - Trends
12. Asia-Pacific Advanced Biofuel Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
12.1. Raw Material Analysis 2017-2021and Forecast 2024 - 2030by 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2024 - 2030 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,2024 - 2030
12.7. Asia-Pacific Advanced Biofuel Market Dynamics - Trends
13. Latin America Advanced Biofuel Market Analysis,2019 - 2023 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. Raw Material Analysis 2017-2021and Forecast 2024 - 2030by 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2024 - 2030 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, 2024 - 2030
13.7. Latin America Advanced Biofuel Market Dynamics - Trends
14. Middle East and Africa Advanced Biofuel Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
14.1. Raw Material Analysis 2017-2021and Forecast 2024 - 2030by 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030
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
  • 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.
  • Gevo Inc.

Adjacent Markets