Middle East and Africa Biofuels Market Report Description:
Middle East and Africa biofuels market report gives comprehensive outlook on biofuels market across the region with special emphasis on key countries such as U.S and Canada of Middle East and Africa. The report on Middle East and Africa biofuels market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, form type and country. This report studies dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzedÂ to better equip clients with possible investment opportunities across the countries (Country Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the report include suppliers, manufacturers, marketers, policy makers, and agronomists engaged in Middle East and Africa biofuels market activities.
The Middle East and Africa biofuels market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2018-2025. Market for Middle East and Africa Biofuels projected to reach US$ XX Mn by 2025 due to increased preferences of biofuels in various application such as transportation and power consumption.
Development and Launch of New Products Upsurges the Biofuels Market
Development and launch of innovative products by the market players enables surge in the Middle East and Africa biofuel market demand over the forecast years. For instance, in November 2017, Bajaj Hindustan Ltd. Launched sugar mills for the highest recovery of ethanol.
Biofuel Segment Expected to Dominate the Market
Based on type, the Middle East and Africa biofuel market is segmented into biodiesel and bioethanol. Biodiesel segment is expected to dominate the market due to increasing environmental concerns and the need for energy independence. Biodiesel can be produced using various feed stocks and can be used in diesel vehicles without any modification to the engine.
South Africa Accounts for Larger Market Revenue Share
South Africa biofuels market has lucrative growth attributed to increased use of green-fuels consumption to minimize ill effects on the environment. However, most Middle East and African countries have initiated to consider the production of biofuels for their own domestic markets, as well as for exports to the global market
Middle East and Africa Biofuels market is consolidating as large players complementing each otherâ€™s businesses by means of collaborations and acquisitions. For instance, in February 2016, Renewable Energy Group Inc. (Biofuel producer in U.S) has signed an agreement with Sanimax Energy, which is a U.S based company for acquiring its 20 million gallon nameplate capacity biodiesel refinery. In March 2016, Canada-based Company, Edmonton, announced its plans to produce a new kind of biodiesel, commercially, which would be capable of replacing diesel completely at a lower cost than existing renewable fuels.
Key Findings of the Report:
Middle East and Africa Biofuels market expanding at significant CAGR over 2019 to 2025 to reach market value of US$ XX Mn by 2025 owing to increase launch of newer products and awareness about biofuels.
By Product Type
By Product Form
By Distribution Channel
Middle East and Africa
Key Features of the Report:
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
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