The global demand for Next Generation Biofuel Market is presumed to reach the market size of nearly USD 106.57 BN by 2030 from USD 11.14 BN in 2022 with a CAGR of 28.52% under the study period of 2023 - 2030. Regarding volume, the market was calculated XX Kilo Tons in 2022 and forecast to touch XX Kilo Tons by 2030 with a CAGR of XX% during 2023-2030.
The next-generation biofuels are derived from non-food materials, algal biomass, lignocellulose or cellulosic biomass, and energy crops. The next-generation biofuels include bioethanol, biohydrogen, biomethane, synthetic biofuels, biofuels obtained via gasification, etc. The non-food sources required to derive next-generation biofuels are waste materials like sawdust or fruit pulp and switch grass. The energy crops for next-generation biofuels are low-cost low, maintenance crops that are grown on marginal land or land with little agricultural value. The next-generation biofuels are sustainable and hold the ability to tackle energy conservation and climate change problems
Market Dynamics
The global next-generation biofuel market is mainly driven by the growing inclination towards the production of sustainable and clean energy with a small or nil impact on the environment and the rising need for low carbon emission due to the rapidly changing climate. Furthermore, the easy availability of raw materials such as algae, on-food crops, waste, etc., and favourable government policies for green energy sources are boosting the market. Innovative technologies such as Nano-catalysts and hydroprocessing are supporting market growth. However, high production cast, stringent quality norms, and lack of proper supply chain management are some deterrents to market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of next generation biofuel. The growth and trends of Next Generation Biofuel Industry provide a holistic approach to this study.
Market Segmentation
This section of the next generation biofuel market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Biofuel Types
- Biodiesel
- Biogas
- Biobutanol
- Others
By Process
- Biochemical Process
- Thermochemical Process
By Raw Materials
- Lignocellulose
- Jatropha
- Camelina
- Algae
- Others
By Application
- Transportation
- Power Generation
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Next Generation Biofuel market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Next Generation Biofuel Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the next generation biofuel market include Algenol Biofuels, Chemtex Group, Abengoa S.A., Enerkem, Gevo, GranBio, Joule United Inc., POET-DSM, Solazyme, Sundrop Fuels Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.