Advanced Biofuel Market

Advanced Biofuel Market | Size, Share, Trends & Industry
Report (2025)
Advanced biofuels are fuels manufactured from various type of biomass, which
includes waste from agricultural, urban, and other wastes. It also known as
second-generation biofuels. These biofuels are made from woody crops or
lignocellulosic biomass, sugars, non-starch, and agricultural residues, which
makes it harder to extract the required fuel. The second-generation biofuel is
developed to overcome the limitations of high freezing temperatures and
negative environmental effect of first-generation fuels (such as vegetable oil,
biodiesel, bioalcohols, biogas, and syngas) and they can supply large amount of
global fuel sustainably, which is affordable with higher environmental benefits.
According to the California Air Resources Board (CARB), liquid biofuels are
manufactured from non-petroleum sources and can reduce carbon intensity as
compared to a petroleum fuel baseline. Growing market for renewable energy,
government support, and increasing investments in second generation biofuels
are some of the driving factors for the growth of advanced biofuels market. For
Instance, the Australian Government launch Advanced Biofuels Investment
Readiness (ABIR) program by investing US$ 10 million, which supported the
development of advanced biofuels and provided funds to various universities
such as James Cook University for its high-energy algal fuels project.
Asia Pacific is the fastest growing region in terms of value in the global
advanced biofuel market. Asia Pacific was valued at US$ 1.655 Billion in 2016.
This is attributed to the increasing manufacturing industry and growing
awareness about the usage of advanced biofuels in emerging economies such as
India, China, and Indonesia. In Australia, the advanced biofuels sector was
supported by the Australian Renewable Energy Agency (ARENA).
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Europe is the second largest region in global advanced biofuels market. In
Europe, the advanced biofuel market is driven by high R&D&D (research &
development & demonstration) activities in EU indicating the potential growth
of market for applications in marine, shipping, and air transport. The industrial
initiatives such as European Industrial Bioenergy Initiative aims to have their
first commercial plants by 2020 in operation. The objective of this initiative is to
meet around 4% of EU transport energy need, with a focus on advanced
biofuels.
The advanced biofuel market was valued at US$ 8.880 Billion in 2016 globally
and is expected to expand at a CAGR of 41.18%, in terms of revenue, during
2017 – 2025.
Major Players in the Global Advanced Biofuel Market:
Some of the key players in global advanced biofuels market include Abengoa
Bioenergy, S.A., A2BE Carbon Capture, LLC, Algenol Biofuels, Chemtex
group, Bankchak Petroleum, Clariant Produkte GmbH, Fiberight LLC, DuPont
Industrial Biosciences, Fujian Zhongde Energy Co., Ltd, Inbicon, GranBio,
INEOS Bio, POET-DSM Advanced Biofuels LLC, KiOR Inc., ZeaChem Inc.,
and Sundrop Fuels, Inc.
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Advanced Biofuel Market report categorizes the global market by Fuel Type (Cellulosic Ethanol, Biofuel, Biobutanol, BioDME, and others), by Raw Material (Jatropha, Camelina, Algae, Simple Lignocellulose, Complex Lignocellulose, and Others) by Process Type (Biochemical Process and Thermochemical Process), and by Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

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