Liquid Biofuel Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity.
The Liquid Biofuel Market size is projected to reach a CAGR of 7.1% to 2028.
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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.
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 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.
Diminishing fossil fuel-based resources and rising awareness regarding environment protection are some of the factors that have supported long-term expansion for Liquid Biofuel Market.
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Recent Developments of Liquid Biofuel Market
August 2018 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.
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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