Global Biofuel Additives Market Insights and Forecast to 2027

SKU ID : QYR- 17953831

Publishing Date : 13-Apr-2021

No. of pages : 111

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  • The rapid increase in the global population raises the demand for food and energy for improved life. Therefore, the questions arising under the “Food vs. Fuel” debate are how much arable land is available, what should be the priority, and how should the land be used, among others. There is an increased debate on the increasing prices of food due to the crops utilized for the manufacturing of biofuels. For example, in 2012, Peter Brabeck-Letmathe, Chairman of Nestle, stated, “If no food was used for fuel, the prices would come down again-that is very clear.” In addition, Paul Conway, Chairman of Cargill, stated, "The bigger picture globally is increased urbanization, which leads to more food being consumed...there has also been an explosion in biofuel use and the financializing of the agricultural markets." The increasing number of such debates has decreased the adoption of biofuels to certain extent and the biofuel producers are conducting studies on the alternate sources of biofuels. Therefore, decreasing biofuel adoption has reduced the demand for biofuel additives across the globe.

    The Food vs. Fuel debate has considerably decreased the growth of the biofuel additives market. However, with increasing advancement in second-generation biofuels, the impact of this driver is expected to decrease during the forecast period.
    Biofuels are produced from the conventional feedstock or lignocellulose feedstock, which can be distinguished as first and second generation fuels. The consumption of biofuels has increased across the globe owing to its eco-friendly nature. However, there are several problems associated with their use such as high fuel foaming, injector deposits & corrosions, and low oxidation stability. Biofuel additives are specialty chemicals that are added to decrease such problems. Therefore, the market for biofuel additives is directly aligned with the production of biofuels.

    Market Analysis and Insights: Global Biofuel Additives Market
    The global Biofuel Additives market is valued at US$ 6080.8 million in 2019. The market size will reach US$ 11160 million by the end of 2026, growing at a CAGR of 9.0% during 2021-2026.

    Global Biofuel Additives Scope and Segment
    Biofuel Additives market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Biofuel Additives market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

    Segment by Type
    Antioxidants
    Corrosion Inhibitors
    Cold Flow Improvers
    Detergents & Dispersants
    Octane & Cetane Improvers
    Dyes & Markers
    Others

    Segment by Application
    Bioethanol
    Biodiesel

    By Company
    Lubrizol
    Fuel Quality Services
    Chemiphase Ltd.
    Clariant
    Afton Chemical
    E-ZOIL
    Eastman
    Evonik
    Chevron
    Biofuel Systems

    Production by Region
    North America
    Europe
    China
    Japan

    Consumption by Region
    North America
    U.S.
    Canada
    Europe
    Germany
    France
    U.K.
    Italy
    Russia
    Asia-Pacific
    China
    Japan
    South Korea
    India
    Australia
    Taiwan
    Indonesia
    Thailand
    Malaysia
    Philippines
    Vietnam
    Latin America
    Mexico
    Brazil
    Argentina
    Middle East & Africa
    Turkey
    Saudi Arabia
    U.A.E

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