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The Biofuels Global Market Report 2021-31 by The Business Research Company describes and explains the global biofuels market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The Biofuels Global Market Report 2022 covers biofuels market drivers, biofuels market trends, biofuels market segments, biofuels market growth rate, biofuels market major players, and biofuels market size.
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The biofuels market report provides in-depth analysis of the impact of COVID-19 on the global biofuels industry along with revised market numbers due to the effects of the coronavirus and the expected biofuels market growth numbers for 2022-2031.
The global biofuel market is expected to grow from $136.26 billion in 2021 to $151.28 billion in 2022 at a compound annual growth rate (CAGR) of 11.02%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The biofuel market is expected to reach $199.21 billion in 2026 at a compound annual growth rate (CAGR) of 7.12%.
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Biofuels Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
TBRC’s report covers the biofuels market segments-
1) By Form: Solid Biofuel, Liquid Biofuel, Gaseous Biofuel
2) By Product Type: Biodiesel, Ethanol, Biogas, Others Products
3) By Feedstock: Coarse Grain, Non-agri Feedstock, Biomass, Vegetable Oil, Sugar Crop, Jatropha, Other Feedstocks
Top Keyplayers Are :
- Archer Daniels Midland Company
- Abengoa S. A.
- Renewable Energy Corp.
- Wilmar International
- Poet Llc
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