Bio-fuels Market Analysis, Demand, Size and Forecasts To 2020

Bio-fuels Market Share and Size, Emerging Trends, Analysis,
Overview and Outlook, Growth And Segment Forecasts To 2020
Technavio Announces the Publication of its Research Report Global Biofuels Market 2016-2020
Technavio recognizes the following companies as the key players in the global biofuels market: ADM,
INEOS Enterprises, Neste, and Renewable Energy.
Other Prominent Vendors in the market are: Archer Daniel Midland, Cosan, Fujian Zhongde Energy,
Guangzhou Devotion Thermal Technology, Gushan Environmental Energy, Henan Tianguan Enterprise,
Jiangsu Hengshunda Bio-Energy, Jiangsu Yueda Kate New Energy, Jilin Fuel Ethanol, Longyan Zhuoyue
New Energy, Louis Dreyfus Commodities, Ningbo Tech-Bank, Petrobras, Shandong Jinjiang Bioenergy
Technology, Shell, Tangshan Jin Lihai Biodiesel and Zhenghe Bioenergy.
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Commenting on the report, an analyst from Technavio’ s team said: “Development of second and third
generation biofuels will be a key trend for market growth. First generation biofuels are produced using
vegetable oil, animal fat, and used cooking oil. The feedstocks used in producing biodiesel are also used
as food, and the prices of these feedstocks ware directly associated with the demand for biodiesel, thus
creating conflict between the food and energy sectors. This continuous conflict led to the development
of second and third generation biofuels to overcome the limitation of the first generation fuels. The
second generation fuels are produced using non-food crops like wood (saw-dust), organic waste (cornstover), and specific biomass plants like jatropha, camelina, and switchgrass. The third generation
biofuels, also called advanced biofuels, are produced using specially engineered energy crop like algae.”
According to the report, need for environment and energy security will be a key driver for market
growth. Fossil fuels have limited reserve across the world with a majority of the energy production
based on fossil fuel. This has led to a large number of countries importing large quantities of crude oil,
which impacts the growth of their economy. Biofuels are one of the fastest growing alternative fuels
across various parts of the world, as they help to diversify the energy mix and reduce the dependency
on global petroleum markets. This reduces dependency on crude imports, which helps the countries to
utilize the money to improve their economy and lessen the threat to their national security.
Further, the report states that one of the challenges for the market will be higher cost of production of
biofuels compared to conventional fuels. The biofuels market is still in its nascent stage of development.
Not only is the current technology used in production of biofuel is not efficient compared to the
conventional fuels, but also the cost of procuring feedstocks is high. The market price of biodiesel is
highly influenced by the prices of soybean oil and palm oil. There has been a growing interest in
soybean, which is causing a rise in international prices, thus, directly impacting the cost of biodiesel. It is
estimated that 80% of the operational cost in producing biodiesel is incurred by soybean oil. This affects
countries like the US, which is the largest producer of biodiesel, where soybean oil is the largest
biodiesel feedstock.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About Biofuels
Across the world, there has been an unprecedented interest in biofuels over the past decade. The main
reason for this is the volatility in crude oil prices, which is affecting the economic condition of many
countries that do not have significant oil and gas reserves to support their growing economy. High
dependence on non-renewable fuels has created economic as well as environmental concerns, such as
rising greenhouse gas emissions. Several developing and developed economies have implemented
regulatory reforms, blending targets, and statutory norms while using biofuels to offset the growing
environmental risks associated with conventional fuels.
Technavio’ s analysts forecast the global biofuels market to grow at a CAGR of 5.87% during the period
2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global biofuels market for 20162020. The report also presents the vendor landscape and a corresponding detailed analysis of the top
four vendors operating in the market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Biofuels Market 2016-2020, has been prepared based on an in-depth market
analysis with inputs from industry experts. The report covers the market landscape and its growth
prospects over the coming years. The report also includes a discussion of the key vendors operating in
this market.
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