Global Advanced Biofuel
Market Report
2025
The global advanced biofuel market size will be USD 20514.5 million in 2024. Increasing demand for sustainable energy sources is expected to boost sales to USD 37022.28 million by 2031, with a Compound Annual Growth Rate (CAGR) of 8.80% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global advanced biofuel market size will be USD 20514.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.80% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Advanced Biofuel Market Sales Revenue | 121212 | $ 20514.5 Million | 121212 | 121212 | 121212 | 8.8% |
North America Advanced Biofuel Market Sales Revenue | 121212 | $ 8205.8 Million | 121212 | 121212 | 121212 | 7% |
Mexico Advanced Biofuel Market Sales Revenue | 121212 | $ 746.73 Million | 121212 | 121212 | 121212 | 7.5% |
Canada Advanced Biofuel Market Sales Revenue | 121212 | $ 984.7 Million | 121212 | 121212 | 121212 | 7.8% |
United States Advanced Biofuel Market Sales Revenue | 121212 | $ 6474.38 Million | 121212 | 121212 | 121212 | 6.8% |
Europe Advanced Biofuel Market Sales Revenue | 121212 | $ 6154.35 Million | 121212 | 121212 | 121212 | 7.3% |
France Advanced Biofuel Market Sales Revenue | 121212 | $ 566.2 Million | 121212 | 121212 | 121212 | 6.5% |
Spain Advanced Biofuel Market Sales Revenue | 121212 | $ 504.66 Million | 121212 | 121212 | 121212 | 6.4% |
United Kingdom Advanced Biofuel Market Sales Revenue | 121212 | $ 1033.93 Million | 121212 | 121212 | 121212 | 8.1% |
Russia Advanced Biofuel Market Sales Revenue | 121212 | $ 953.92 Million | 121212 | 121212 | 121212 | 6.3% |
Italy Advanced Biofuel Market Sales Revenue | 121212 | $ 529.27 Million | 121212 | 121212 | 121212 | 6.7% |
Germany Advanced Biofuel Market Sales Revenue | 121212 | $ 1218.56 Million | 121212 | 121212 | 121212 | 7.5% |
Rest of Europe Advanced Biofuel Market Sales Revenue | 121212 | $ 953.92 Million | 121212 | 121212 | 121212 | 6% |
Asia Pacific Advanced Biofuel Market Sales Revenue | 121212 | $ 4718.34 Million | 121212 | 121212 | 121212 | 10.8% |
China Advanced Biofuel Market Sales Revenue | 121212 | $ 2123.25 Million | 121212 | 121212 | 121212 | 10.3% |
Australia Advanced Biofuel Market Sales Revenue | 121212 | $ 245.35 Million | 121212 | 121212 | 121212 | 10.5% |
India Advanced Biofuel Market Sales Revenue | 121212 | $ 566.2 Million | 121212 | 121212 | 121212 | 12.6% |
Korea Advanced Biofuel Market Sales Revenue | 121212 | $ 471.83 Million | 121212 | 121212 | 121212 | 9.9% |
Japan Advanced Biofuel Market Sales Revenue | 121212 | $ 651.13 Million | 121212 | 121212 | 121212 | 9.3% |
Rest of APAC Advanced Biofuel Market Sales Revenue | 121212 | $ 335 Million | 121212 | 121212 | 121212 | 10.6% |
South America Advanced Biofuel Market Sales Revenue | 121212 | $ 1025.73 Million | 121212 | 121212 | 121212 | 8.2% |
Brazil Advanced Biofuel Market Sales Revenue | 121212 | $ 439.01 Million | 121212 | 121212 | 121212 | 8.8% |
Chile Advanced Biofuel Market Sales Revenue | 121212 | $ 73.85 Million | 121212 | 121212 | 121212 | 8.5% |
Peru Advanced Biofuel Market Sales Revenue | 121212 | $ 84.11 Million | 121212 | 121212 | 121212 | 8.4% |
Colombia Advanced Biofuel Market Sales Revenue | 121212 | $ 91.29 Million | 121212 | 121212 | 121212 | 8% |
Argentina Advanced Biofuel Market Sales Revenue | 121212 | $ 172.32 Million | 121212 | 121212 | 121212 | 9.1% |
Rest of South America Advanced Biofuel Market Sales Revenue | 121212 | $ 165.14 Million | 121212 | 121212 | 121212 | 7.3% |
Middle East and Africa Advanced Biofuel Market Sales Revenue | 121212 | $ 410.29 Million | 121212 | 121212 | 121212 | 8.5% |
Egypt Advanced Biofuel Market Sales Revenue | 121212 | $ 43.08 Million | 121212 | 121212 | 121212 | 8.8% |
Turkey Advanced Biofuel Market Sales Revenue | 121212 | $ 35.28 Million | 121212 | 121212 | 121212 | 8% |
Rest of MEA Advanced Biofuel Market Sales Revenue | 121212 | $ 48.41 Million | 121212 | 121212 | 121212 | 7.5% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Process |
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Market Split by Fuel Type |
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Market Split by Feedstock Type |
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Market Split by Application |
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Market Split by Industry Vertical |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Report scope is customizable as we have a huge database of Advanced Biofuel industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Advanced Biofuel Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The advanced biofuel industry includes the production and distribution of biofuels derived from non-food biomass, such as agricultural wastes, algae, and garbage. Unlike first-generation biofuels, which are sourced from food crops such as corn and sugarcane, advanced biofuels use renewable feedstocks that do not compete with the food supply. These biofuels, which include cellulosic ethanol, biodiesel, and renewable diesel, are intended to minimize greenhouse gas emissions and offer cleaner alternatives to traditional fossil fuels. Rising environmental concerns, government policies favoring renewable energy, and technology breakthroughs that improve production efficiency all drive the industry. Advanced biofuels are becoming increasingly essential in transportation, aviation, and industrial applications. Rising investment in renewable energy infrastructure, particularly in Europe and North America, fuels this increase. Furthermore, the need for energy independence, fluctuating fossil fuel prices, and increased awareness of climate change are hastening the adoption of advanced biofuels in the transportation, aviation, and industrial sectors.
In June 2022, Clariant manufactures its first commercial sunliquid® cellulosic ethanol at a new plant in Podari, Romania. The company claims that 250,000 tons of locally produced agricultural leftovers will yield around 50,000 tons of second-generation biofuels. (Source: https://www.clariant.com/en/Corporate/News/2022/06/Clariant-produces-first-commercial-sunliquid-cellulosic-ethanol-at-new-plant-in-Podari-Romania)
Technological developments in biofuel production techniques are driving growth in the advanced biofuel industry by increasing efficiency and diversifying feedstock sources. Non-food biomass, such as agricultural leftovers, is being converted into biofuels more efficiently because of advances in enzyme engineering and synthetic biology. Advanced fermentation processes are also improving bioethanol and biodiesel production. Thermochemical methods such as gasification and pyrolysis have enabled the conversion of waste materials into biofuels such as syngas and biodiesel. These innovations lower production costs and increase scalability, making biofuels more competitive with fossil fuels. Neste and Chevron are setting the standard by aggressively investing in new technologies and growing their production capacity. In addition, the market is anticipated to grow during the projected period as a result of players in the industry adopting Advanced Biofuels. For instance, according to the International Energy Agency (IEA), biofuel production is expected to increase by 28% between 2021 and 2026, driven by innovations in enzymatic hydrolysis and fermentation processes.
Rising government regulations and policies are important drivers of the advanced biofuel business, boosting renewable energy use to minimize carbon emissions. Governments around the world, particularly in the United States, the European Union, and Brazil, have introduced policies like as blending mandates and subsidies to encourage biofuel use in the transportation and industrial sectors. For example, the United States Renewable Fuel Standard (RFS) and the European Union's Renewable Energy Directive (RED II) set lofty goals for boosting biofuel blends in fuel supplies. These policies provide financial incentives and tax benefits to biofuel producers, encouraging research and investment in advanced biofuels and ultimately hastening the transition to cleaner energy sources.
The advanced biofuel sector is hampered by high production costs when compared to conventional fossil fuels. Producing biofuels, particularly second-generation variations, necessitates sophisticated procedures and expensive technology such as enzymatic hydrolysis and gasification, which raises operational expenses. Furthermore, finding renewable feedstocks such as agricultural leftovers or algae can be more expensive and unpredictable than extracting fossil fuels. The necessity for specialized infrastructure for biofuel production, storage, and transport raises the cost even further. As a result, despite their environmental benefits, biofuels frequently struggle to compete with cheaper fossil fuels, restricting their broad use in cost-sensitive industries such as transportation and electricity.
Covid-19 had a significant impact on the advanced biofuel market. The COVID-19 epidemic had a mixed influence on the advanced biofuels industry. On the one hand, reduced transportation activity and lower fuel demand during lockdowns resulted in a considerable drop in biofuel consumption, slowing production and delaying new projects. However, the pandemic has expedited the focus on sustainability, with governments and industries promoting green recovery plans that prioritize renewable energy, especially biofuels. Post-pandemic recovery efforts, combined with stimulus packages, are boosting investment in clean energy infrastructure. Furthermore, the disruptions underlined the need for energy diversification, emphasizing the role of advanced biofuels in achieving long-term energy security and lowering dependency on fossil fuels.
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In the advanced biofuel market's competitive landscape, numerous key competitors are driving innovation and growth. These companies frequently rely on strategic alliances, mergers, and acquisitions to expand their market positions. Smaller, more specialized enterprises concentrate on niche markets such as low-carbon fuels and sophisticated ethanol technology. Regional players also contribute by using locally obtained feedstocks, resulting in a competitive environment focused on innovation, sustainability, and scalability.
In March 2024, Neste, a global pioneer in the manufacture of sustainable aviation fuel (SAF), renewable diesel, and renewable feedstock solutions for the polymer and chemical industries, is leading the way with the establishment of its Singapore refinery. The expansion will increase the site's production capacity from 1.3 to 2.6 million tons per year. This will lead to a large rise in the supply of sustainable aviation fuel (SAF), renewable diesel, and renewable raw materials for the polymers and chemicals industries. (Source: https://www.neste.com/news-and-insights/renewable-solutions/singapore-refinery-expansion) In March 2024, Chevron and Bunge boosted their investments in renewable diesel generation, focusing on waste oils and agricultural byproducts. (Source: https://www.chevron.com/newsroom/2024/q1/bunge-chevron-ag-renewables-to-build-new-oilseed-processing-plant) 2022 In 2022, Shell also advanced its biofuel strategy by acquiring Brazilian biofuel producer Raízen’s assets, enhancing its renewable ethanol output. (Source: https://reports.shell.com/sustainability-report/2022/achieving-net-zero-emissions/fuelling-mobility/biofuels.html )
Top Companies Market Share in Advanced Biofuel Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the advanced biofuels market, and the region is expected to have significant growth during the projected period. This is due to the Strong government rules, such as the U.S. Renewable Fuel Standard (RFS), which require the incorporation of renewable fuels into the country's fuel supply. Additionally, rising demand for sustainable fuels in the aviation and transportation sectors, as well as increased investments in renewable energy infrastructure, drive market growth.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). In Asia Pacific, rising energy consumption and government initiatives in nations such as India and China are major factors. Supportive policies, including subsidies and biofuel blending mandates, along with an emphasis on energy security, are encouraging biofuel production in the region.
The current report Scope analyzes Advanced Biofuel Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to cognitive market research, the global advanced biofuel market size was estimated at USD 20514.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 8205.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
According to cognitive market research, the global advanced biofuel market size was estimated at USD 20514.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 6154.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.
According to cognitive market research, the global advanced biofuel market size was estimated at USD 20514.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 4718.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
According to cognitive market research, the global advanced biofuel market size was estimated at USD 20514.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 1025.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
According to cognitive market research, the global advanced biofuel market size was estimated at USD 20514.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 410.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031..
Global Advanced Biofuel Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Advanced Biofuel Industry growth. Advanced Biofuel market has been segmented with the help of its Process, Fuel Type Feedstock Type, and others. Advanced Biofuel market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, biochemical advanced biofuels are likely to dominate the advanced biofuel market over the forecast period. Biochemical processes, such as fermentation and enzymatic hydrolysis, dominate the market because they are widely used in the conversion of biomass into biofuels, such as ethanol and biodiesel. This segment benefits from advances in enzyme technology as well as a robust biochemical conversion infrastructure.
The thermochemical is the fastest-growing segment in the advanced biofuel market. These methods enable the conversion of a broader range of feedstocks, including waste materials, into fuels such as syngas and bio-oil. They have received substantial interest due to their ability to scale production and diversify biofuel sources.
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According to Cognitive Market Research, the biodiesel segment holds the largest share of the market. Due to its established infrastructure, wide application in transportation, and compatibility with existing diesel engines. It is extensively used in North America and Europe, driving its market leadership.
In the advanced biofuel market, cellulosic ethanol has been expanding at a rapid pace. Fueled by advancements in converting non-food biomass like agricultural residues into ethanol. The growing focus on sustainable, second-generation biofuels and increasing government support for reducing greenhouse gas emissions are propelling the rapid expansion of cellulosic ethanol.
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According to cognitive market research, the simple lignocellulose segment holds the largest market share. Simple lignocellulose, derived from agricultural residues and wood, dominates the market due to its widespread availability and relatively easier processing into biofuels like ethanol and biodiesel.
In the advanced biofuel market, the rapidly growing sector is the algae. Algae-based biofuels, although currently a smaller segment, are the fastest-growing due to their high oil yield and potential to be cultivated on non-arable land, making them a promising future alternative. Other feedstocks include waste oils and fats, which are also gaining attention for renewable diesel production.
According to cognitive market research, the electricity segment dominates the market. Electricity generation currently dominates the market, as biofuels provide a renewable alternative for power plants and grid applications, particularly in regions with strong renewable energy mandates.
Heating is projected to be the fastest-growing segment in the advanced biofuel market. Heating applications, especially in industrial and residential sectors, also hold a significant share due to biofuels’ efficiency in reducing carbon emissions in boilers and furnaces. The fastest-growing segment is biofuels used in electricity generation, driven by global initiatives to decarbonize the power sector.
According to cognitive market research, the automotive segment dominates the market. The automotive sector dominates the market due to the growing use of biofuels like biodiesel and ethanol as cleaner alternatives to conventional fuels, driven by stringent emission regulations.
Energy & power is projected to be the fastest-growing segment in the advanced biofuel market. The energy & power sector is the fastest-growing segment, propelled by the increasing need for renewable energy sources to reduce carbon footprints and support grid decarbonization efforts.
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Conclusion
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Process | Biochemical, Thermochemical |
Fuel Type | Biodiesel, Bio Butanol, Bio DME (Dimethyl Ether), Cellulosic Ethanol, Biohydrogen, Algal, Others |
Feedstock Type | Simple Lignocellulose, Complex Lignocellulose, Algae, Others |
Application | Electricity, Heating, Cooling, Cooking, Others |
Industry Vertical | Chemical & Petrochemical, Oil & Gas, Energy & Power, Automotive, Food & Beverages, Others |
List of Competitors | Abengoa Bioenergy, Inbicon A/S, A2BE Carbon Capture, LLC., Clariant, Bangchak Petroleum Plc., DowDuPont Inc., Fujian Zhongde Energy Co., Ltd, Algenol Biotech, GranBio, Chemtex Company |
This chapter will help you gain GLOBAL Market Analysis of Advanced Biofuel. Further deep in this chapter, you will be able to review Global Advanced Biofuel Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Advanced Biofuel. Further deep in this chapter, you will be able to review North America Advanced Biofuel Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Advanced Biofuel. Further deep in this chapter, you will be able to review Europe Advanced Biofuel Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Advanced Biofuel. Further deep in this chapter, you will be able to review Asia Pacific Advanced Biofuel Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Advanced Biofuel. Further deep in this chapter, you will be able to review South America Advanced Biofuel Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Advanced Biofuel. Further deep in this chapter, you will be able to review Middle East and Africa Advanced Biofuel Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Advanced Biofuel. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Process Analysis 2019 -2031, will provide market size split by Process. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Process Analysis 2021 - 2033
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Chapter 11 Market Split by Fuel Type Analysis 2021 - 2033
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Chapter 12 Market Split by Feedstock Type Analysis 2021 - 2033
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Chapter 13 Market Split by Application Analysis 2021 - 2033
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Chapter 14 Market Split by Industry Vertical Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Advanced Biofuel market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Biochemical have a significant impact on Advanced Biofuel market? |
What are the key factors affecting the Biochemical and Thermochemical of Advanced Biofuel Market? |
What is the CAGR/Growth Rate of Biodiesel during the forecast period? |
By type, which segment accounted for largest share of the global Advanced Biofuel Market? |
Which region is expected to dominate the global Advanced Biofuel Market within the forecast period? |
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