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THE BIOFUELS GLOBAL MARKET OUTLOOK 2017-2021

THE BIOFUELS GLOBAL MARKET OUTLOOK 2017-2021



Expert analysis and insight into: Market drivers, costs, growth opportunities and regulatory change, conventional and advanced biofuel market outlook


Biofuels, the biofuel resource and the growth of biofuels:-

The report gathers data on biofuel across the countries leading the market for biofuel. The report covers: costs, drivers, inhibitors, market growth, forecasts, the key players, key feedstock available, and the prominent biofuel power technology utilized in each of the key countries, including: the US, Germany, Brazil, the UK.

  • The potential for liquid biofuels is indicated by the world’s dependence on crude oil for transportation, with estimations signalling that fuels from crude oil currently supply about 96% of the worldwide energy demand for transport purposes.
  • The combination of biomass and biofuels accounted for around 71% of the world’s total renewable energy production in 2015 and comprised around 10% of total global energy supply.
  • All renewables together currently represent around 19% of final energy consumption and biofuels for transport comprising around 4% of renewable energy consumption.
Biofuels policies and regulations:-
  • To date, 192 countries and governmental entities have ratified the Kyoto Protocol, representing over 60% of the world’s greenhouse gas emissions.
  • In 2017, President Donald Trump stated that the RFS has reenergized rural America. The 300 biorefineries operating across the country today support hundreds of thousands of manufacturing jobs, reduce foreign oil dependence and keep fuel prices down.
  • India had a 20% biofuels mandate by 2017, which was missed.
  • European Parliament voted to cap crop-based biofuels at 2017 levels brought in by a last minute amendment submitted by three key party groups on the day of the vote.
Market sizing and growth, Future market and economic prospects for biofuel:-
  • Worldwide production of bioethanol and biodiesel reached 98.3bn litres and 30.1bn litres in 2015, respectively.
  • While biofuels accounted for just 1% of total fuel production in 2016, the biofuels market is predicted to grow significantly in the medium to long-term. For example, some forecasts estimate that biofuels could replace 10% of the global demand for transport fuels by 2025.
  • Global fuel ethanol production kept increasing from year to year to 26,584m of gallons in 2016.
Key features of this report
  • Identification of the most promising countries in the biofuel and highlights how various geographic markets are expanding their share in the total energy supply mix using biofuel.
  • Five-year assessment of the latest biofuel technology and installed biofuel capacity.
  • Liquid biofuel market trends and costs.
  • List of major key players of biofuel renewable energy.
  • Information on government policy framework on biofuel for supporting the biofuel market.
  • Identification of biofuel energy development and potential resource globally and in major countries in the future.
  • Analysis across countries with abundant feedstock availability including Brazil, India, Germany, China, and the UK – biofuel feedstock production is led by competition for available land and water resources, oil and electric vehicle prices.
Key benefits from reading this report
  • Realize up to date competitive intelligence through a comprehensive assessment of the biofuel and installed biofuel capacity in biofuel markets.
  • Achieve a comprehensive understanding of the drivers and resistors effecting the biofuel market.
  • Analyze the cost of biofuel power technology against that of other renewable power technologies.
  • Understand government policy framework on biofuel for each country and learn which technology trends are likely to allow greater market impact.
  • Identify the growth of biofuel development and biofuel resource potential in the future and examine how it is changing the economics the biofuel technologies.
  • Assess global future outlook in energy demand by fuel and scenario by technology.
Key Market Issues

The economics of biofuels:-
  • There is a growing sense that biofuels produced from biomass are now an economically and technically feasible proposition.
  • The production costs of biofuels vary significantly between regions and are dependent on the price of raw materials (biomass), the method of production, the refining process, and the use of by-products and waste. Thus costs can be highly variable dependent on the various combinations used in each country or location.
Biofuel technologies and technology trends:-
  • Lignocellulosic biomass (e.g. from wood and grasses) as well as methanol and Fischer-Tropsch diesel are viewed by many as likely candidates for biofuels in the long-term, but the rate of uptake and cost decrease has not been as high as previously anticipated. Some of the currently available biofuels have a number of disadvantages that are related to their feedstock. The current costs of rapeseed biodiesel and ethanol from cereals or beets are much higher than the costs of petrol or diesel, with substantial subsidies required to make them competitive.
  • Second generation biofuels had been developed due to limitations of first generation biofuels, primarily that the resources used threatens food supplies. Second generation biofuels production processes include use a variety of non-food crops such as waste biomass, the stalks of wheat, corn, wood and miscanthus.
  • The term ‘Third generation biofuel’ primarily references fuel derived from algae. Algae has a much higher production volume than other noted biofuels crops to date such as soybeans..
Biofuels drivers and inhibitors:-
  • Developing economies such as India, China and Africa are likely to see demand for fossil fuels multiply many times over in the coming decades, in order to drive economic growth.
  • The majority of Brazilian drivers now use 25% blended ethanol fuel, while a new generation of ‘flex-fuel’ cars, which can run on 100% ethanol, are increasing in popularity.
  • Demand for biodiesel from Germany continues to be very high. Demand has grown strongly, especially in the EU-28.
Key findings of this report

The total EU bioethanol consumption market size in 2017 was estimated to be 5,140 million litres.
The seven largest biodiesel producing countries provide 75% of the biodiesel production of the 20 countries included. The US and Brazil provide almost 30% of the total on their own.
Ethanol from sugar cane – as produced in Brazil – provides the lowest production costs of all existing commercial-scale biofuels, and is already competitive with current production costs for diesel and gasoline. According to the estimates provided, production costs are likely to fall even further over time to around $3 per gigajoule of energy.
Although bioenergy and biofuels will increasingly utilize non-food feedstocks to meet sustainability demands, crops grown for energy and fuel production could use between 50 and 300 million hectares by 2030.
In 2017, Exxon Mobil in conjunction with Synthetic Genomics (the company of J.Craig Venter, the scientist who mapped the human genome) announced a breakthrough in increasing the oil content of algae from around 20% to around 40%.

Key questions answered by this report

What was the market size of the global biofuel market?
What will be the forecast of installed biofuel capacity?
What are the drivers shaping and influencing additions to installed capacity in the global biofuel market?
What are the major key players of biofuel renewable energy?
What is the impact of political developments on a country’s biofuel market?
What is the regulatory policy framework governing in the leading biofuel of the US, Germany, Brazil, and the UK?
What is the future growth potential offered by promising biofuel power markets such as China, and India?

Key areas covered by the report

Key products/categories profiled:

Renewable Energy


Biofuel Market Outlook – biofuel market sizes, installed biofuel capacity, key players, government policy framework for biofuels, and biofuel resource potential, biofuels costs, economics of biofuels

Key regions/countries covered:

United States of America, Germany, Brazil, United Kingdom, China, India, and Europe.


Disclaimer
Expert Author Profile
Rupert Blackstone
Table of figures
Table of tables
Biofuels, the biofuel resource and the growth of biofuels
Biofuel technologies and technology trends
The economics of biofuels
Biofuels drivers and inhibitors
Biofuels policies and regulations
Market sizing and growth, Future market and economic prospects for biofuel.
Chapter 1 Biofuels, the biofuel resource and the growth of biofuels
World energy demand
Climate change
Renewable energy
What are biofuels?
Solid biofuels
Liquid biofuels
Gas biofuels
Biofuels in current use
Ethanol
Distribution, storage and blending
End-use
Biodiesel
Distribution, storage and blending
End-use
Chapter 2 Biofuel technologies and technology trends
Introduction
Second generation biofuels
Second generation biofuels under development
Biohydrogen
BioDME
Biomethanol
Butanol and Isobutanol
Dimethylfuran (DMF)
Hydro Thermal Upgrading (HTU) diesel
Fischer-Tropsch fuels
Bioconversion of biomass to mixed alcohol fuels
Wood diesel
Key players in second generation / advanced biofuels
Market possibilities for second generation / advanced biofuels
Third generation biofuels
Algae fuel
Background to Algae for fuel
Limitations of previous biofuels
Algae types
Algae cultivation
Photo-bioreactor
Closed-loop systems
Open pond systems
Algae fuel potential
Development timeline
Aircraft biofuels testing
Key players for third generation biofuel
Market possibilities for algae biofuel
Chapter 3 The economics of biofuels
Introduction
American market
American Recovery and Reinvestment Act of 2009
Biofuels direction away from corn-based ethanol
The biofuels economy
Production costs
Cost of distribution
Third generation algae fuel costs
Algae fuel leading players costs comparison
Transport fuel blends
Car costs and fuel efficiency
Biofuels compared
Hydrogen versus electric vehicles versus biofuels
Chapter 4 Biofuels drivers and inhibitors
Market Background
Drivers of the biofuels market
Greenhouse gases and environmental concerns
Regulatory incentives/pressure
Concern about energy security
Rising cost of existing fuel supplies
Consumer pressure
Inhibitors of the biofuels market
Cost of production
Sustainability concerns and the rising price of food crops
Limited biofuels infrastructure
Biomass and land availability
Chapter 5 Biofuels policies and regulations
Introduction
Policy framework
Renewable energy targets
Kyoto Protocol
European Union
US
Renewable Fuel Standard (RFS)
Renewable Portfolio Standards (RPS)
Developing nations
Biofuels Targets
Biofuels policy overview by region
The European Union
Biofuels Directive
Directive 2003/96/EC
Incentives for biofuels
National Renewable Energy Action Plans
The United States
US Energy Policy Act 2005
Brazil
Proalcool Program
India
Biodiesel Policy
Bioethanol Policy
China
Environmental Commitments Support Long-Term Ethanol Prospects
The renewable Energy Law of the People’s Republic of China
Biofuels policy overview of selected countries
Chapter 6 Market sizing and growth, future market and economic prospects for biofuel
Worldwide energy demand
Biofuels market sizing
Worldwide
Ethanol
Biodiesel
Europe
Ethanol
EU Biodiesel
US
Ethanol
US Biodiesel
Brazil
Ethanol Production
Brazil Biodiesel
India
India’s fuel economy
India Ethanol
India Biodiesel
China
China’s fuel economy
China Ethanol
China Biodiesel
Glossary/Abbreviations
Energy content and conversion rates

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