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Global Liquid Biofuels Market Share, Size, Growth, Trends, Forecast: By Product: Biodiesel, Ethanol; By Application: Vehicle Fuel, Heat Generation, Lubrication, Reduction of Emission, Cooking, Others; By Process: Fermentation, Transesterification, Others; By End-User; Regional Analysis; Market Dynamics; Competitive Landscape; 2023-2028

Global Liquid Biofuels Market Market Outlook

The global liquid biofuels market attained a value of USD 73.72 billion in 2022. The market is further expected to grow at a CAGR of 6.30% between 2023 and 2028 to reach a value of USD 106.37 billion by 2028. 

 

liquid biofuels market

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Key Trends in the Market

Liquid biofuel is a renewable source of energy which is derived from biomass. It exhibits the same properties as that of gasoline, petrol, and diesel, among other conventional types of biofuels. Liquid biofuel can replace conventional fuel types which makes them applicable across various end use industries to generate power. 

 

  • The global liquid biofuels market growth is being propelled by the increasing demand for liquid bioethanol and biodiesel from the transportation industry. The increasing adoption of passenger vehicles is further propelling the demand for liquid biofuels.
  • The stringent regulations of various governments aimed towards curbing the emission of greenhouse gases are expected to boost the applications of liquid biofuels as motor vehicle fuel.
  • Increasing demand for biofuels from various industries such as chemical, energy, and food and beverage, among others, supported by the rapid industrialisation across the developing economies, is likely to provide impetus to the global liquid fuel market in the forecast period.

 

Market Analysis

Based on product, the market can be segmented into biodiesel and ethanol. By application, the market can be classified into vehicle fuel, heat generation, lubrication, reduction of emission, and cooking, among others. On the basis of process, the market has been divided into fermentation and transesterification. The market can be categorised based on end-user into transportation, electronics, and commercial, among others. The regional liquid biofuels market can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global liquid biofuels market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans. 

 

  • Archer-Daniels-Midland Company
  • POET, LLC.
  • Eniven Group
  • Enerkem
  • Gevo, Inc.
  • Bangchak Corporation Public Company Limited
  • Fulcrum BioEnergy
  • Others

 

liquid biofuels market by segments

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Market Share by Product

The ethanol segment, based on product, holds a significant share in the liquid biofuels market. The increasing adoption of ethanol as an alternative to gasoline in the transportation sector is driving the segment’s growth. Ethanol bolsters the performance of engines while reducing greenhouse emissions, which is a major advantage leading to a higher demand for the product. In addition, unlike other traditional fuels, ethanol does not take millions of years to form. New crops can be cultivated to produce the feedstock needed to make ethanol. Meanwhile, biodiesel is expected to witness considerable growth in the forecast period due to the positive energy balance offered by it, along with lower associated costs.  

 

Market Share by Application

Liquid biofuels such as bioethanol, are commonly used as motor fuel. Hence, the increasing sale of commercial and passenger vehicles is escalating the growth of the vehicle fuel applications segment in the market for liquid biofuels. In addition, increasing disposable income, rising awareness pertaining to climate change, and thriving transportation industry are some of the crucial driving factors of the global liquid biofuels market. Over the forecast period, the anticipated increase in demand for vehicle fuel to power trucks, buses, and vans, owing to the rising trading activities across the emerging economies, is expected to bolster the market growth.

 

The cooking segment, on the other hand, is expected to witness a steady growth in the coming years due to the growing expansion of the food and beverage sector.  

 

liquid biofuels market by region

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Competitive Landscape

Archer-Daniels-Midland Company is a leading food processing firm which is based out of Illinois in the United States. The company was founded in the year 1902 and innovates various products and processes that help support sustainability. Archer-Daniels-Midland Company aims at providing sustainable nutritional content and ingredients to the consumers, partnering with customers, farmers, society, and industry to create a resilient global system for food.   

 

POET, LLC. Is a prominent biofuel production company which develops bioethanol. The company was founded in the year 1986 by the name Broin Companies and is currently headquartered in South Dakota, United States. The product portfolio of this company includes ethanol, food, oil, feed, and lubricants, among others.     

 

Eniven Group is one of the largest biofuel producing companies around the world. Enviral, Meroco, and Rossi Biofuels, among others, are some of the member companies of the Eniven Group. This company has been producing bioethanol since 2007 and operates across Slovakia, Czech Republic, Hungary, and Poland, among others. 

 

Other market players include Enerkem, Gevo, Inc., Bangchak Corporation Public Company Limited, and Fulcrum BioEnergy, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Application
  • Process
  • End-User
  • Region
Breakup by Product
  • Biodiesel
  • Ethanol
Breakup by Application
  • Vehicle Fuel
  • Heat Generation
  • Lubrication
  • Reduction of Emission
  • Cooking
  • Others
Breakup by Process
  • Fermentation
  • Transesterification
  • Others
Breakup by End-User
  • Transportation
  • Electronics
  • Commercial
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Archer-Daniels-Midland Company
  • POET, LLC.
  • Eniven Group
  • Enerkem
  • Gevo, Inc.
  • Bangchak Corporation Public Company Limited
  • Fulcrum BioEnergy
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions   
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments  
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Region
7    Opportunities and Challenges in the Market
8    Global Liquid Biofuels Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Liquid Biofuels Historical Market (2018-2022) 
    8.3    Global Liquid Biofuels Market Forecast (2023-2028)
    8.4    Global Liquid Biofuels Market by Product
        8.4.1    Biodiesel
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Ethanol
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Liquid Biofuels Market by Application
        8.5.1    Vehicle Fuel
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Heat Generation
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Lubrication
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Reduction of Emission
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Cooking
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022)
            8.5.5.3    Forecast Trend (2023-2028)
        8.5.6    Others
    8.6    Global Liquid Biofuels Market by Process
        8.6.1    Fermentation
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Transesterification
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Others
    8.7    Global Liquid Biofuels Market by End-User
        8.7.1    Transportation
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Electronics
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Commercial
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Others
    8.8    Global Liquid Biofuels Market by Region
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022) 
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022) 
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022) 
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022) 
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022) 
            8.8.5.3    Forecast Trend (2023-2028)
9    North America Liquid Biofuels Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Liquid Biofuels Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Liquid Biofuels Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Liquid Biofuels Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Liquid Biofuels Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Archer-Daniels-Midland Company
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    POET, LLC.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Eniven Group
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Enerkem
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Gevo, Inc. 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Bangchak Corporation Public Company Limited 
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Fulcrum BioEnergy
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Liquid Biofuels Market: Key Industry Highlights, 2018 and 2028
2.    Global Liquid Biofuels Historical Market: Breakup by Product (USD Million), 2018-2022
3.    Global Liquid Biofuels Market Forecast: Breakup by Product (USD Million), 2023-2028
4.    Global Liquid Biofuels Historical Market: Breakup by Application (USD Million), 2018-2022
5.    Global Liquid Biofuels Market Forecast: Breakup by Application (USD Million), 2023-2028
6.    Global Liquid Biofuels Historical Market: Breakup by Process (USD Million), 2018-2022
7.    Global Liquid Biofuels Market Forecast: Breakup by Process (USD Million), 2023-2028
8.    Global Liquid Biofuels Historical Market: Breakup by End-User (USD Million), 2018-2022
9.    Global Liquid Biofuels Market Forecast: Breakup by End-User (USD Million), 2023-2028
10.    Global Liquid Biofuels Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global Liquid Biofuels Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America Liquid Biofuels Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America Liquid Biofuels Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe Liquid Biofuels Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe Liquid Biofuels Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific Liquid Biofuels Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific Liquid Biofuels Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Latin America Liquid Biofuels Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America Liquid Biofuels Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa Liquid Biofuels Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa Liquid Biofuels Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Global Liquid Biofuels Market Structure.

Key Questions Answered in the Report

The global market for liquid biofuels attained a value of USD 73.72 billion in 2022.

The liquid biofuels market is estimated to grow at a CAGR of 6.30% in the forecast period of between 2023 and 2028 to reach a value of USD 106.37 billion by 2028.

The increasing demand for liquid bioethanol and biodiesel from the transportation industry and rising adoption of passenger vehicles are the major drivers of the market.

The key trends in the market include the stringent regulations of the government aimed towards curbing the emission of greenhouse gases, and growing applications of liquid bioethanol in the food and beverage industry for cooking.

Biodiesel and ethanol are the different products included in the market for liquid biofuels.

Vehicle fuel, heat generation, lubrication, reduction of emission, and cooking, among others, are the significant applications based on which the market has been segmented.

The market, based on process, can be bifurcated into fermentation and transesterification, among others.

Liquid biofuels are majorly used in the transportation sector as vehicle fuel. They are also used by various industries including chemical, energy, and food and beverage, among others.

Liquid biofuels are less flammable as compared to the conventional fuels such as gasoline and diesel. Also, these types of fuels emit less carbon and greenhouse gases.

Archer-Daniels-Midland Company, POET, LLC., Eniven Group, Enerkem, Gevo, Inc., Bangchak Corporation Public Company Limited, and Fulcrum BioEnergy, among others, are the key market players, according to the report.

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