Biofuel Market – Historical and Future Challenges

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Biofuel Market by Fuel Type (Ethanol, Biodiesel,
Renewable Diesel, and Biojets), Generation (First
Generation, Second Generation, Third Generation),
End-use, Application (Transportation, Aviation)
and Region - Global Forecast to 2028
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the global biofuel market is projected to reach
USD 225.9 billion by 2028 from an estimated USD
167.4 billion in 2023, at a CAGR of 6.2 during
the forecast period. The growing demand for
cleaner fuels is one of the major factors driving
the biofuels market. Global biofuel demand has
been increasing gradually due to goals set to
achieve net zero emissions in recent
years. View detailed Table of Content here -
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iofuels-market-297.html
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The ethanol, by fuel type, is expected to be the
largest segment during the forecast
period. Based on fuel type, the biofuel market
has been split into ethanol, biodiesel, renewable
diesel, and biojets. The biofuel market for
ethanol is anticipated to have the biggest market
share over the forecast period. Due to its
extensive history of production, use, and
versatility as a gasoline addition, ethanol is
frequently more in demand. Corn and sugarcane are
two examples of the agricultural feedstocks used
to make ethanol. The vast accessibility of these
feedstocks and the presence of supply channels
facilitate the uptake of ethanol. Make an
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The aviation segment, by end-use, is expected to
grow at the highest CAGR during the forecast
period. This report segments the biofuel market
based on end use into three segments
transportation, aviation, and others. The
aviation segment is expected to grow at the
highest CAGR during the forecasted period, owing
to the extensive decarbonization efforts in the
aviation sector in North America and Europe. One
of the major drivers is the usage of biofuels in
military aircraft on a commercial scale.
Additionally, the rising demand for air cargo
transport in terms of volume is one of the
drivers for the growth of aviation. The Bioenergy
Technologies Office (BETO) of the US Department
of Energy empowers energy firms and aviation
stakeholders by advancing research, development,
and demonstration to overcome barriers to
widespread deployment of low-carbon sustainable
aviation fuel (SAF). Download PDF
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Browse gtgt 250 market data
tables 60 figures
227 pages and in-depth TOC on Biofuel
Market - Global Forecast to 2028 Early buyers
will receive 10 customization on this
report. This is a Premium Report Priced at US
4950 for single user. Corporate User
US8150 This study answers several questions for
the stakeholders, primarily which market segments
to focus on in the next two to five years to
prioritize efforts and investments.
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Europe is expected to be the fastest-growing
region in the biofuel market. Europe is expected
to be the fastest growing region in the biofuel
market during the forecast period. The European
region comprises major economies such as France,
UK, Germany, and Poland. The biofuel market in
Europe is primarily fueled by the three main
types of biofuels, namely ethanol, biodiesel, and
renewable diesel. Europe has actively fostered
the use of biofuel through various policies and
initiatives. The European Union (EU) has
established targets for member states to enhance
the utilization of renewable energy in
transportation, including biofuels like biofuel.
The Renewable Energy Directive (RED) and its
subsequent revisions have played a pivotal role
in shaping biofuel production and consumption in
Europe. Speak to Analyst _at_ https//www.marketsa
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• Key players -
• To enable an in-depth understanding of the
  competitive landscape, the report includes the
  profiles of some of the top players in the
  Biofuel Market. These include
• ADM (US),
• Chevron (US),
• Valero (US),
• Neste (Finland),
• Cargill, Incorporated (US)etc.
• Buy Now -
• https//www.marketsandmarkets.com/Purchase/purchas
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