London, May 18, 2023 (GLOBE NEWSWIRE) -- Rising consumer awareness regarding the massive clean energy potential of liquid biofuels will largely favor the liquid biofuels market. In addition, the supportive role of governments setting Net-Zero targets, and policy compliance will collectively accelerate the progression of liquid biofuels industry in long term. With rapidly growing need for reducing the overall dependence on conventional fossil fuels, liquid biofuels present an effective potential alternative to replacing energy needs from central home heating to commercial vehicle fuel. Against the unwavering diesel and gasoline consumption, liquid biofuels like biodiesel, and ethanol have been gaining traction, which indicates a promising growth outlook for the market in the near future.
A new study of Fairfield Market Research would provide a detailed insightful analysis of the global liquid biofuels market along with the growth forecast. “Liquid biofuels have been here for around a couple of decades now; however, their application in transportation sector has been prominent and will drive the market growth ahead. With more governments eying energy-independent public transport systems, adoption of liquid biofuels will see an uptrend,” states an analyst at the company.
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Insights into Segmentation Analysis
Notably increasing preference for biodiesel as a potential vehicle fuel alternative tends to ensure energy security in addition to improving the overall air quality. A growing effort toward slashing the transportation industry’s reliance on petroleum is rapidly translating into greater inclination toward biofuels. Liquid biofuels especially are expected to provide the industry with some concrete, sustainable fuel alternatives that are also safer, and cleaner. Given the rate of advanced biofuel consumption by transport sector, the transportation biofuels segment is projected to remain dominance in the liquid biofuels market in long run.
“Toward the end of 2030, the adoption of biofuels by transportation sector is likely to grow exponentially, and we believe there would be a whopping threefold growth in revenues for liquid biofuel producers in the industry,” remarks the analyst.
Insights into Regional Analysis
Primary regional analysis of the global liquid biofuels marker reveals North America’s clear dominance as the region makes adequate area available for biofuel producers, and promises ample, continuous feedstock in long term. While the US retains lead on the back of excellent energy initiatives, Canada also reflects abundant opportunity as the country eyes nearly 30% reduction in GHG emission by 2030-end. Moreover, the governments in South and Central America have been keen on stepping up their game in ensuring energy independence, and security. Besides the US, major countries that have been proactively engaged in biofuel space and are seeking energy independence in the years to come, include Venezuela, Brazil, and some of the European countries, shows research.
Key Players in Global Liquid Biofuels Market
Archer Daniels Midland Company (ADM), Cargill Incorporated, Alto Ingredients Inc., Praj Industries, Sapphire Energy, Australian Renewable Fuels Limited, Coskata Inc., Cosan Limited, RB Fuels, Renewable Energy Corp., Gevo Inc., Green Plains, Valero Energy Corp., Wilmar International, Petrobras, Algenol, Butamax
Key Elements Included In The Study: Global Liquid Biofuels Market
- Liquid Biofuels Market by Product/Technology/Grade, Application/End-user, and Region
- Executive Summary (Opportunity Analysis and Key Trends)
- Historical Market Size and Estimates, Value and Volume, 2019 - 2022
- Volume Consumption at Regional and Country Level, 2023 - 2030
- Market Dynamics and Economic Overview
- Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2023 - 2030
- Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies
- Regional and Product/Grade/Application/End-user Price Trends Analysis
- Production Output Analysis (Major Producing Regions)
- Value Chain and Five Force’s Analysis
- Regional/Sub-region/Country Market Size and Trend Analysis
- Company Market Share Analysis and Key Player Profiles
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