Europe Biofuels And Biodiesel Market Forecast 2017-2024
KEY FINDINGS The Europe biofuels and biodiesel market accounted for a revenue of around $32732 million in 2016 and is estimated to reach around $50781 million by 2024, growing at a CAGR of 5.8% during the forecast period. The forecast period is from 2017 to 2024 while the base year is deliberated at 2016. The availability of feedstock, the government’s law to support the approval of bio-based fuel alternatives, multiple applications of biofuels are some of the key factors driving the biofuels and biodiesel market. Stringent laws and regulations, the rise in competition among major players in the market are some of the challenges faced by the biofuels and biodiesel market.
MARKET INSIGHT The biofuels and biodiesel market in the Europe region is segmented on the basis of type into biogas, Cellulosic Ethanol, biobutanol, vegetable oil, biodme, bio-alcohols, biodiesel, and others. The market by feedstock is segmented into Syngas/Biomass/MSW, Simple and Complex Lignocellulose, oil and fats market, Algae-based biofuel, sugar and starches, and other feedstock. The rising demand for bio-diesel in developing regions and rising focus on affordable, reliable and sustainable energy are some of the new opportunities facing the biofuels and biodiesel market.
COMPETITIVE INSIGHTS The key companies mentioned in the Europe biofuels and biodiesel market are Blue Fire Renewables, Abengoa Bioenergy, Poet-DSM advanced Biofuels LLC, Algenol Biofuels, Fiberlight LLC, Aventine Renewable energy holdings, Inbicon Ineos Bios, Clariant SE, Australian Renewables Fuel Ltd, Zeachem Inc., Renewable energy group, Dupont Industrial Biosciences, Petrobras, and Granbio,