Liquid Biofuels Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Biodiesel, Bioethanol, Others); Application (Transportation Fuel, Power Generation, Thermal Heating) and Geography
Report Code: TIPRE00029646
| No. of Pages: 150
| Category: Energy and Power
| Status: Upcoming
Non-renewable energy sources like oil, petroleum gas, and coal are taken from profound inside the earth, and used to drive vehicles, heat structures, and produce power. Oil can likewise be utilized to make oil based synthetic compounds (petrochemicals), which are found in numerous regular things like the soles of your shoes or the plastic front of your school transport seat. The beneficial thing about petroleum derivatives is that they are very vitality thick, i.e., they contain a ton of vitality for each unit of volume. This implies non-renewable energy sources are truly adept at driving vehicles and producing heat. The not very great thing about petroleum products is that the earth has a restricted measure of them. This has created a massive demand for biofuels to cater to necessity of propulsion fuel. Owing to this demand the global liquid biofuel market is expected to grow substantially in coming years.
The "Global Liquid biofuels Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Liquid biofuels market with detailed market segmentation by product, application, and geography. The global Liquid biofuels market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Liquid biofuels market players and offers key trends and opportunities in the market.
The global Liquid biofuels market is segmented on the basis of product, and application.
On the basis of product, the Liquid biofuels market is segmented into biodiesel, bioethanol, and others.
Similarly, on the basis of application the Liquid biofuels market is bifurcated into transportation fuel, power generation, and thermal heating.
Biofuels are expected to observe a growth in demand on account of their potential to reduce or eliminate dependency on fossil fuels. These are cleaner energy alternatives, which result in zero carbon dioxide emissions on combustion and make use of the plant-based raw materials for their production.
Diminishing fossil fuel-based resources and rising awareness regarding environment protection are factors likely to drive the market.
The outbreak of the COVID-19 contagion has hovered to beget long- term damage on numerous industries. One of them is the transport industry, which is passing sharp decline in demand.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Liquid biofuels oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Liquid biofuels oil market in these regions.
IMPACT OF COVID-19 ON LIQUID BIOFUELS MARKET
The global liquid biofuels industry has been significantly impacted by the COVID-19 outbreak. The production facilities of the electronics and semiconductors have been halted, owing to the slowdown and unavailability of the workforce across the globe. COVID-19 outbreak has caused a significant and protracted drop in manufacturing utilization, and travel bans & facility closures kept workers out of their factories, which led to slowdown in the growth of the liquid biofuels market revenue in 2020. The Asian and European countries under lockdowns have suffered major loss of business and revenue, due to the shutdown of manufacturing units in the region. The operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease; thereby, leading to slowdown in the growth of the electrical cable market in 2020.
However, the negative impact of COVID-19 on the liquid biofuels market is expected to be there for a short period of time, and by early 2021 the market is anticipated to observe robust recovery rate along with the extensive demand for liquid biofuels products post pandemic. This is due to the fact that a rise in number of market players are reassessing their strategies and coming up with quick responses to stabilize their supply chain
Get more information on this report :
The report covers key developments in the Liquid biofuels oil market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Liquid biofuels oilmarket market are anticipated to lucrative growth opportunities in the future with the rising demand for Liquid biofuels market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Liquid biofuels market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Bangchak Corporation Public Company Limited
Renewable Energy Group, Inc.
Green Biologics Limited
Emami Agrotech Limited
World Energy Alternatives LLC
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.