Bio-Fuels Market Share, Size, Trends and Growth to 2020

Technavio Announces the Publication of its Research Report Global Biofuels Market 2016-2020

Technavio recognizes the following companies as the key players in the global biofuels market: ADM, INEOS Enterprises, Neste, and Renewable Energy.

Other Prominent Vendors in the market are: Archer Daniel Midland, Cosan, Fujian Zhongde Energy, Guangzhou Devotion Thermal Technology, Gushan Environmental Energy, Henan Tianguan Enterprise, Jiangsu Hengshunda Bio-Energy, Jiangsu Yueda Kate New Energy, Jilin Fuel Ethanol, Longyan Zhuoyue New Energy, Louis Dreyfus Commodities, Ningbo Tech-Bank, Petrobras, Shandong Jinjiang Bioenergy Technology, Shell, Tangshan Jin Lihai Biodiesel and Zhenghe Bioenergy.

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Commenting on the report, an analyst from Technavios team said: Development of second and third generation biofuels will be a key trend for market growth. First generation biofuels are produced using vegetable oil, animal fat, and used cooking oil. The feedstocks used in producing biodiesel are also used as food, and the prices of these feedstocks ware directly associated with the demand for biodiesel, thus creating conflict between the food and energy sectors. This continuous conflict led to the development of second and third generation biofuels to overcome the limitation of the first generation fuels. The second generation fuels are produced using non-food crops like wood (saw-dust), organic waste (corn-stover), and specific biomass plants like jatropha, camelina, and switchgrass. The third generation biofuels, also called advanced biofuels, are produced using specially engineered energy crop like algae.”

According to the report, need for environment and energy security will be a key driver for market growth. Fossil fuels have limited reserve across the world with a majority of the energy production based on fossil fuel. This has led to a large number of...