Liquid Biofuel Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global market, The Liquid Biofuel Market size is projected to reach a CAGR of 7.1% and Forecast to 2030.
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Liquid biofuel is an energy-efficient alternative and helps reduce energy security risks and pollution levels associated with the combustion of fossil fuels. Hence it can be blended in large quantities with traditional fossil fuels for use in applications such as transportation. Although biodiesel has the ability to replace conventional fuel, its production capacity is not enough to meet the current demand.
Regional Analysis
North America has dominated the global market over the past few years, owing to the abundance of feedstock and arable area for biofuel production. U.S., Brazil, the European Union, and China are anticipated to be some of the major regions driving the demand for liquid biofuels.
Recent Developments of Liquid Biofuel Market
Archer Daniels Midland Company (ADM) launched a new oilseeds facility in Egypt in collaboration Cargill Inc. to gain a prominent presence in the Middle East and Europe markets.
Key Players of Liquid Biofuel Market
- Archer Daniels Midland Company
- Gevo
- Green Plains
- Wilmar International
- Algenol
- Pacific Ethanol Inc.
- Valero Energy Corp.
- Petrobras; Butamax
- Renewable Energy Corp.
- Bunge North America Inc and More
Liquid Biofuel Market is segmented into product, application and region.
On the basis of Product
- Biodiesel
- Bioethanol
- Others
On the basis of Application
- Transportation Fuel
- Power Generation
- Thermal Heating
On the basis of Region
- Asia Pacific
- North America
- Europe
- South America
- Middle East & Africa
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