Europe Biofuels & Biodiesel Market Forecast 2018-2026
KEY FINDINGS Europe biofuels & biodiesel market, which stood at $45155 million in 2017, is predicted to rise with 5.18% CAGR over the forecast period of 2018-2026, generating $70673 million by its end.
MARKET INSIGHTS EU has attained self-sustainability in the biofuel market, especially for biodiesel and bioethanol. The region has managed to achieve large-scale production of these biofuels in the past, surpassing its consumption. Presently, the United Kingdom biofuel and biodiesel market dominates this region. Biofuel production in the UK has seen significant growth due to government support towards greener technology and less dependence on imports of oil and gas. Other significant markets in this region are Italy, France, Spain, and Germany. However, factors like barriers for retailing, distribution, and development of biofuels and their high cost of production as compared to conventional fuels are restraining the market growth.
COMPETITIVE INSIGHTS Some of the renowned players in this market are Algenol Biofuels, Inbicon, Dupont Industrial Biosciences, Clariant Se, Poet-Dsm Advanced Biofuels Llc, Novozymes A/S, Pacific Ethanol Inc, Abengoa Bioenergy, Fiberight Llc, Renewable Energy Group, Granbio, Air Liquide Sa, Blue Fire Renewables and Zeachem Inc.