Europe Advanced Biofuel Market Size (2024 - 2029)

The Europe advanced biofuel market is anticipated to experience growth over the forecast period, driven by the availability of non-food raw materials and governmental incentives for technology development. Despite the challenges posed by high production costs, the market has rebounded to pre-pandemic levels. Countries like Germany, the United Kingdom, the Netherlands, and Sweden are promoting biodiesel blending, which is expected to create significant opportunities for market expansion.

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Market Size of Europe Advanced Biofuel Industry

Europe Advanced Biofuel Market - Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 4.00 %
Market Concentration High

Major Players

Europe Advanced Biofuel Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Advanced Biofuel Market Analysis

Europe advanced biofuel market is expected to register a CAGR of more than 4% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently, the market has reached pre-pandemic levels.

  • Over the long term, the ease in the availability of raw materials and their use being non-food and wastes, along with governmental incentives supporting the development of technologies for producing advanced biofuels, are expected to drive the market during the forecast period.
  • On the flip side, the high cost of production of advanced biofuels, even with all the associated benefits, is likely to restrain the market's growth.
  • Nevertheless, countries such as Germany, the United Kingdom, the Netherlands, and Sweden are encouraging biodiesel blending to obtain pure biodiesel, which can be used as a fuel source in diesel engines. This will likely provide ample opportunities for the biofuel market in the future.
  • Germany is expected to dominate the advanced biofuel market in Europe during the forecast period.

Europe Advanced Biofuel Industry Segmentation

Advanced biofuels, also known as second-generation biofuels are renewable fuels that are used as alternatives for gasoline and diesel with very low emissions of greenhouse gases. Advanced biofuels can be manufactured by using various types of biomass like lignocellulose, non-corn starch and sugar. 

Europe advanced biofuel market is segmented by raw material, biofuel type, technology, and geography. By raw material, the market is segmented into jatropha, lignocellulose, algae, and other raw materials. By biofuel type, the market is segmented into cellulosic ethanol, biodiesel, biogas, biobutanol, and other biofuel types. By technology, the market is segmented into biochemical and thermochemical. The report also covers the market size and forecasts for the advanced biofuel market across major countries in the European region. For each segment, the market sizing and forecasts have been done based on revenue (USD Billion).

Raw Material
Jatropha
Lignocellulose
Algae
Other Raw Materials
Biofuel Type
Cellulosic Ethanol
Biodiesel
Biogas
Biobutanol
Other Biofuel Types
Technology
Biochemical
Thermochemical
Geography
Germany
France
Spain
United Kingdom
Rest of Europe
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Europe Advanced Biofuel Market Size Summary

The European advanced biofuel market is poised for growth, driven by the availability of non-food raw materials and governmental support for technology development. Despite the high production costs, countries like Germany, the United Kingdom, the Netherlands, and Sweden are promoting biodiesel blending, which is expected to create significant opportunities in the market. Germany, in particular, is anticipated to lead the market due to its robust biofuel production and supportive government policies aimed at reducing greenhouse gas emissions in the transport sector. The market has rebounded to pre-pandemic levels, with biodiesel, produced from vegetable oils and waste fats, playing a crucial role in reducing carbon emissions and enhancing energy independence.

The demand for biodiesel is increasing, spurred by the European Commission's plans to revise the Renewable Energy Directive, which aims to boost renewable energy targets in transportation. The region has seen a rise in biodiesel consumption, necessitating the establishment of new production facilities, such as Cargill's advanced biodiesel plant in Belgium. Germany's commitment to phasing out palm oil in biodiesel production and initiatives like the agreement between DHL Global Forwarding and Hapag-Lloyd to use advanced biofuels in shipping further underscore the market's potential. The market is characterized by a few key players, including Abengoa Bioenergy and Chemtex Group, who are instrumental in driving the industry's growth during the forecast period.

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Europe Advanced Biofuel Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Europe Advanced Biofuel Market Size and Forecast, in USD billion, till 2027

    3. 1.3 Key Existing and Upcoming Advanced Biofuel Projects, Europe, as of 2021

    4. 1.4 Recent Trends and Developments

    5. 1.5 Government Policies and Regulations

    6. 1.6 Market Dynamics

      1. 1.6.1 Drivers

      2. 1.6.2 Restraints

    7. 1.7 Supply Chain Analysis

    8. 1.8 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.8.1 Bargaining Power of Suppliers

      2. 1.8.2 Bargaining Power of Consumers

      3. 1.8.3 Threat of New Entrants

      4. 1.8.4 Threat of Substitutes Products and Services

      5. 1.8.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Raw Material

      1. 2.1.1 Jatropha

      2. 2.1.2 Lignocellulose

      3. 2.1.3 Algae

      4. 2.1.4 Other Raw Materials

    2. 2.2 Biofuel Type

      1. 2.2.1 Cellulosic Ethanol

      2. 2.2.2 Biodiesel

      3. 2.2.3 Biogas

      4. 2.2.4 Biobutanol

      5. 2.2.5 Other Biofuel Types

    3. 2.3 Technology

      1. 2.3.1 Biochemical

      2. 2.3.2 Thermochemical

    4. 2.4 Geography

      1. 2.4.1 Germany

      2. 2.4.2 France

      3. 2.4.3 Spain

      4. 2.4.4 United Kingdom

      5. 2.4.5 Rest of Europe

Europe Advanced Biofuel Market Size FAQs

The Europe Advanced Biofuel Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Abengoa Bioenergy, Chemtex Group, Clariant Produkte GmbH, Greenergy International Ltd and Envien Group are the major companies operating in the Europe Advanced Biofuel Market.

Europe Advanced Biofuel Report Snapshots

Europe Advanced Biofuel Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)