Biofuel is a fuel that is derived from biomass – that is, plant or algae material or animal waste. Most biofuels are used as transportation fuels, but they may also be used for heating and electricity generation. According to latest analysis by Gen Consulting Company, the global biofuels market is poised to grow by USD 28 billion during 2022-2028, progressing at a CAGR of 3.3% during the forecast period.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global biofuels market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the biofuels industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the type, application, and region. The global market for biofuels can be segmented by type: biodiesel, ethanol, advanced biofuels. Globally, the ethanol segment made up the largest share of the biofuels market. Biofuels market is further segmented by application: transportation, electricity generation, heat generation. Based on region, the biofuels market is segmented into: North America, Asia Pacific, Europe, Rest of the World (ROW). According to the research, North America had the largest share in the global biofuels market.

By type:
– biodiesel
– ethanol
– advanced biofuels

By application:
– transportation
– electricity generation
– heat generation

By region:
– North America
– Asia Pacific
– Europe
– Rest of the World (ROW)

The global biofuels market report offers detailed information on several market vendors, including Archer-Daniels-Midland Company (ADM), Argent Energy Group Ltd., BlueFire Renewables, Inc., Cargill Incorporated, Cellana, Inc., China Clean Energy Inc., China Resources Alcohol Corporation (CRAC), Dedini S/A Industrias de Base, Desmet Ballestra Group N.V., Evonik Industries AG, Henan Tianguan Group Co., Ltd., JFE Holdings, Inc., NESTE OIL OYJ, Novozymes A/S, POET, LLC, among others.
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Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report
– To analyze and forecast the market size of the global biofuels market.
– To classify and forecast the global biofuels market based on type, application, region.
– To identify drivers and challenges for the global biofuels market.
– To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global biofuels market.
– To identify and analyze the profile of leading players operating in the global biofuels market.

Why Choose This Report
– Gain a reliable outlook of the global biofuels market forecasts from 2022 to 2028 across scenarios.
– Identify growth segments for investment.
– Stay ahead of competitors through company profiles and market data.
– The market estimate for ease of analysis across scenarios in Excel format.
– Strategy consulting and research support for three months.
– Print authentication provided for the single-user license.