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(Wireless-NewsWire.Com, December 14, 2017 ) According to Publisher, the Global Advanced Biofuels Market is expected to grow from $8.64 billion in 2016 to reach $99.74 billion by 2023 with a CAGR of 41.8%. Increasing market for renewable energy, encouraging environmental regulations, and growing investments in the market are some of the driving factors. In addition, raising R&D activities in biofuels is favoring the market growth during the forecast period. On the other hand, production process limitations, threat from substitute products are the factors hampering the market growth.
The biodiesel biofuels segment leads the market globally with the biggest market share during the forecast period. The growth of this segment is attributed to increasing usage as engine fuel. North America accounted for the largest share in Advanced Biofuels market followed by Europe. However, Asia Pacific is expected to witness highest growth on account of rapidly expanding manufacturing industry and rising awareness about usage of advanced biofuels in China, Indonesia and India.
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Some of the key players in Global Advanced Biofuels Market include A2BE Carbon Capture, LLC, Abengoa bioenergy, Algenol Biofuels, Bankchak Petroleum, Chemtex group, Clariant Produkte (Deutschland) GmbH, DuPont Industrial Biosciences, Fiberight LLC, Fujian Zhongde Energy Co., Ltd, GranBio, Inbicon, INEOS Bio, KiOR Inc., POET-DSM Advanced Biofuels LLC, Sundrop Fuels, Inc., and ZeaChem Inc.
Raw Materials covered:
-Jatropha
-Camelina
-Algae
-Simple Lignocellulose
-Complex lignocellulose
-Other Raw Materials
- Non-Corn Starch Ethanol
Biofuel Types covered:
-Cellulosic biofuels
-Biodiesels
-Biogas
-Biobutanol
-Other Biofuel Types
- Animal Wastes
- Non-food Crop Residues
Process covered:
-Biochemical Process
-Thermochemical Process
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Regions Covered:
-North America
- US
- Canada
- Mexico
-Europe
- Germany
- France
- Italy
- UK
- Spain
- Rest of Europe
-Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- Rest of Asia Pacific
-Rest of the World
- Middle East
- Brazil
- Argentina
- South Africa
- Egypt
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Source: EmailWire.Com 
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