Rising Energy Insecurity to Boost the Biofuels Market | Technavio

October 16, 2017

LONDON–(BUSINESS WIRE)–#OilandGas–Technavio’s latest market research report on the global
biofuels market provides an analysis of the most important
trends expected to impact the market outlook from 2017-2021. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.

The global biofuels market is expected to a witness steady growth during
the forecast period. Technological advances and government reforms have
helped biofuels to gain traction and reach mainstream usage as an
alternate fuel to address the rising energy insecurities across the
world.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.

The top three emerging market trends driving the global biofuels market
according to Technavio research analysts are:

Research on third-generation biofuel: Algae fuel
Increased investments in biofuels
Need to comply with environmental regulations

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Research on third-generation biofuel: algae fuel

First-generation biofuels are produced using vegetable oil, starch,
sugar, and animal fats. Second-generation biofuels, known as advanced
biofuels, are produced from feedstock that is not consumed as food.
Second-generation fuels are produced using non-food crops such as wood
(sawdust), organic waste (corn-Stover), and specific biomass plants such
as jatropha, camelina, and switchgrass. Biofuel technology has further
evolved with the introduction of third-generation biofuels.
Third-generation biofuels are derived from algae that offer numerous
advantages over other sources in producing biofuels.

“Algae can produce diverse and high quantity biofuels when compared
with other feedstocks. Biodiesel, butanol, gasoline, methane, ethanol,
vegetable oil, and jet fuels are the fuels that can be derived from
algae. Algae fuels also possess a greater yield and can produce more
than ten times the fuel per acre of land when compared to traditional
fuels. Micro-algae are becoming popular candidates for biofuel
production owing to their high lipid contents and ease of cultivation,” says
Thanikachalam Chandrasekaran, a lead analyst at Technavio for oil
and gas research.

Increased investments in biofuels

With the prevalent volatility in the price of oil, there has been a
surge in investments in the biofuels
market. For instance, Reliance Industries made strategic investments
of USD 116 million in the Algae Demonstration Project with Algenol in
2011. The US EPA approved biofuels from the process under D-5
classification in January 2015. While governments support industries
through special loans and grants, private organizations such as Shell
got into a USD 12 billion joint venture with a Brazilian company Cosan
in February 2011 to form Raizen that will produce biofuels.

“Although the biofuels market is still in its nascent stage, such
investments from large companies and government support in the form of
incentives will help to attract other players into this market. This
will lead to faster growth of the market during the forecast period,” says
Thankiachalam.

Need to comply with environmental regulations

Owing to benefits such as reduced greenhouse gases and increased energy
security, biodiesel has captured the attention of governments across the
world. With biodiesel production gaining momentum and finding more
application in diverse sectors, the need to comply with environmental
regulations has increased.

Currently, biodiesel is the only alternative renewable fuel that has
passed the US EPA’s strict regulations for renewable fuels and the Clean
Air Act. Even though biofuels are a good alternative to conventional
fossil fuels, regulatory and other challenges still hover over the
biofuels market.

Browse Related Reports:

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com