Global Biofuels For Transportation Market was estimated at USD 135.7 billion in 2019, and it is expected to register a CAGR of 7.6%, to reach USD 219.97 billion by 2027

Biofuels for Transportation: Introduction

A biofuel is a form of energy that is generated by contemporary biological processes like agricultural processes and anaerobic digestion as opposed to a fuel created through geological processes like those that are involved in the production of fossil fuels like petroleum and coal that are derived out of fossilized biological material from the past. The report is based on Biofuels For Transportation market’s progress and competitive landscape as well as the development models in various regions around the globe. This report is devoted to offering niche markets, possible risks, as well as a comprehensive strategy for competitive analysis across various fields.

In addition to the advantages, the competition offered by different kinds of services and products as well as the opportunities for development and characteristics of consumption, as well as the analysis of the structure of downstream applications are examined in depth. To Boost Growth in the current crisis, this study examines in depth the threats and opportunities that could be analyzed.

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Key players in the global Biofuels For Transportation market covered in Chapter 13:

Archer Daniels Midland
Ethanol Europe Renewables
Chevron
Petrobras
Honeywell UOP
REG Life Sciences
Royal Dutch Shell
KiOR
Abengoa Bioenergia
Virent Energy Systems
Preem
BP
Propel Fuels

In Chapter 6, on the basis of types, the Biofuels For Transportation market from 2015 to 2025 is primarily split into:

Biodiesel
Ethanol
Butanol
Others

In Chapter 7, on the basis of applications, the Biofuels For Transportation market from 2015 to 2025 covers:

Motor Vehicles
Aviation
Heavy Industry
Others

Market segment by Region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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The Global Biofuels for Transportation Market Overview: 

The Biofuels market is expected to expand at a CAGR of less than 8% between 2020-2025. The need for safe, sustainable, and clean energy sources is expected to boost Biofuel’s demand all over the world. On account of the increased requirements for biofuel blends in automobile fuels and the growing support of governments for environmentally friendly alternatives, the worldwide consumption of Biofuel is predicted to continue growing in a significant way over the next forecast time.

Based on estimates, the global consumption of energy is projected to grow by 28% in 2040 compared to 2015. The increasing environmental demand is to use green, sustainable, renewable energies to satisfy the growing demands for fuel. Renewable energy is the fastest-growing source of energy and is expected to double between 2015 and 2030.

Biofuels (ethanol and biodiesel) comprise the largest share of renewable energy sources in global energy transportation demand. The demand for bioenergy in the transport sector is driven by the blending of demands in large economies and by the continuous use of fossil fuels across the globe.

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