Lignofuels Market Size is valued at USD 1.63 Bn in 2022 and is predicted to reach USD 3.06 Bn by the year 2031 at a 7.39% CAGR during the forecast period for 2023-2031.
Lignofuels are biofuels made from lignocellulosic biomass, including agricultural leftovers, woody biomass, and specific energy crops. In contrast to first-generation biofuels, predominantly sourced from edible crops such as corn and sugarcane, lignofuels are called second-generation biofuels because they use non-edible plant components. Several factors contribute to the growth of the biofuels market, which are biofuels derived from lignocellulosic biomass. Various drivers influence the development, uptake, and commercialization of biofuels, influencing market dynamics. Growing concern about climate change as well as environmental sustainability is fueling interest in cleaner, more sustainable energy sources. Lignofuels, derived from non-food biomass, offer a renewable alternative to conventional fossil fuels, with the potential to reduce greenhouse gas emissions.
However, the impact of the COVID-19 pandemic on the biofuels market has been shaped by a number of factors, including supply chain disruptions, changes in economic conditions, and adjustments in government objectives. The biofuels market, like many others, may have faced supply chain interruptions. Restrictions on movement, lockdowns, and changes in workforce availability could have affected the production and transportation of lignocellulosic biomass feedstocks and other essential components of lignofuel production.
The Lignofuels Market is segmented on the basis of end-user, source, and processing technology. As per the end-users, the market is segmented as Automotive, Aerospace, and Marine. The source segment includes Dedicated Energy Crops, Agricultural Residue, Forest Residue, and Urban Waste. The processing technology segment is Thermochemical and Biochemical.
The automotive category is predicted to hold a major share of the global Lignofuels Market in 2022. Lignofuels, a form of biofuel made from lignocellulosic biomass, have the potential to provide a cleaner and more sustainable alternative to existing fossil fuels in the automotive sector. Several commercial forces are pushing biofuels into the automotive sector. When compared to typical fossil fuels, lignofuels have the potential to lower greenhouse gas emissions significantly. As the automotive industry pursues cleaner and more sustainable energy sources to combat climate change, biofuels become an appealing choice for lowering transportation's carbon footprint.
The thermochemical segment is projected to grow at a rapid rate in the global Lignofuels Market. Thermochemical technology is essential in the manufacture of lignofuels, which are biofuels obtained from lignocellulosic biomass by processes such as gasification and pyrolysis. Several market drivers influence the acceptance and growth of thermochemically generated biofuels. Thermochemical processes allow for the use of a diverse range of feedstocks, such as agricultural wastes, forestry waste, and specific energy crops. This adaptability enables efficient biomass conversion while reducing dependency on specific feedstock sources.
Asia Pacific Lignofuels Market is expected to record the maximum market share in revenue in the near future. Many factors are driving rising interest and advances in the Asia-Pacific region's biofuels market. These factors contribute to the region's growth and adoption of biofuels. Government policies and efforts such as renewable energy targets, biofuel mandates, and clean energy subsidies all play a vital influence in driving the Asia-Pacific biofuels market. To minimize reliance on traditional fossil fuels, governments are taking initiatives to promote the production and use of sustainable biofuels.
Moreover, Europe is likely to grow significantly in the coming years. Several factors drive the development and adoption of biofuels generated from lignocellulosic biomass in Europe, influencing the biofuels industry. To expand the percentage of renewable fuels in the transportation sector, the European Union (EU) and individual European countries have introduced biofuel mandates and policies. These regulations establish a regulatory framework that promotes the development and use of lignofuels.
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Report Attribute |
Specifications |
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Market Size Value In 2022 |
USD 1.63 Bn |
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Revenue Forecast In 2031 |
USD 3.06 Bn |
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Growth Rate CAGR |
CAGR of 7.39% from 2023 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn, Volume (Liters) and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By End-User, By Source, By Processing Technology |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Gevo, Inc., Aemetis Inc., BlueFire Renewables, Axens, New Energy Blue, LLC, Enerkem, Praj Industries, Clariant AG, Raizen, Lessaffre, Ensyn Corporation, Red Rock Biofuels LLC, American Process, LanzaTech Global, BlueFire Renewables and others |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Lignofuels Market Snapshot
Chapter 4. Global Lignofuels Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Source Estimates & Trend Analysis
5.1. By Source, & Market Share, 2020 & 2031
5.2. Market Size (Value US$ Mn & Volume (Liters)) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Source:
5.2.1. Dedicated Energy Crops
5.2.2. Agricultural Residue
5.2.3. Forest Residue
5.2.4. Urban Waste
Chapter 6. Market Segmentation 2: By Processing Technology Estimates & Trend Analysis
6.1. By Processing Technology & Market Share, 2020 & 2031
6.2. Market Size (Value US$ Mn & Volume (Liters)) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Processing Technology:
6.2.1. Thermochemical
6.2.2. Biochemical
Chapter 7. Market Segmentation 3: By End User Estimates & Trend Analysis
7.1. By End User & Market Share, 2020 & 2031
7.2. Market Size (Value US$ Mn & Volume (Liters)) & Forecasts and Trend Analyses, 2020 to 2031 for the following By End User:
7.2.1. Automotive
7.2.2. Aerospace
7.2.3. Marine
Chapter 8. Lignofuels Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Lignofuels Market revenue (US$ Million) & Volume (Liters) estimates and forecasts By Source, 2019-2031
8.1.2. North America Lignofuels Market revenue (US$ Million) & Volume (Liters) estimates and forecasts By Processing Technology, 2019-2031
8.1.3. North America Lignofuels Market revenue (US$ Million) & Volume (Liters) estimates and forecasts By End User, 2019-2031
8.1.4. North America Lignofuels Market revenue (US$ Million) & Volume (Liters) estimates and forecasts by country, 2019-2031
8.2. Europe
8.2.1. Europe Lignofuels Market revenue (US$ Million) & Volume (Liters) By Source, 2019-2031
8.2.2. Europe Lignofuels Market revenue (US$ Million) & Volume (Liters) By Processing Technology, 2019-2031
8.2.3. Europe Lignofuels Market revenue (US$ Million) & Volume (Liters) By End User, 2019-2031
8.2.4. Europe Lignofuels Market revenue (US$ Million) & Volume (Liters) by country, 2019-2031
8.3. Asia Pacific
8.3.1. Asia Pacific Lignofuels Market revenue (US$ Million) & Volume (Liters) By Source, 2019-2031
8.3.2. Asia Pacific Lignofuels Market revenue (US$ Million) & Volume (Liters) By Processing Technology, 2019-2031
8.3.3. Asia Pacific Lignofuels Market revenue (US$ Million) & Volume (Liters) By End User, 2019-2031
8.3.4. Asia Pacific Lignofuels Market revenue (US$ Million) & Volume (Liters) by country, 2019-2031
8.4. Latin America
8.4.1. Latin America Lignofuels Market revenue (US$ Million) & Volume (Liters) By Source, (US$ Million) 2019-2031
8.4.2. Latin America Lignofuels Market revenue (US$ Million) & Volume (Liters) By Processing Technology, (US$ Million) 2019-2031
8.4.3. Latin America Lignofuels Market revenue (US$ Million) & Volume (Liters) By End User, (US$ Million) 2019-2031
8.4.4. Latin America Lignofuels Market revenue (US$ Million) & Volume (Liters) by country, 2019-2031
8.5. Middle East & Africa
8.5.1. Middle East & Africa Lignofuels Market revenue (US$ Million) & Volume (Liters) By Source, (US$ Million) 2019-2031
8.5.2. Middle East & Africa Lignofuels Market revenue (US$ Million) & Volume (Liters) By Processing Technology, (US$ Million) 2019-2031
8.5.3. Middle East & Africa Lignofuels Market revenue (US$ Million) & Volume (Liters) By End User, (US$ Million) 2019-2031
8.5.4. Middle East & Africa Lignofuels Market revenue (US$ Million) & Volume (Liters) by country, 2019-2031
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Gevo, Inc.
9.2.2. Aemetis Inc
9.2.3. BlueFire Renewables
9.2.4. Axens
9.2.5. New Energy Blue, LLC
9.2.6. Enerkem
9.2.7. Praj Industries
9.2.8. Clariant AG
9.2.9. Raizen
9.2.10. Gevo, Inc.
9.2.11. Lessaffre
9.2.12. Ensyn Corporation
9.2.13. Red Rock Biofuels LLC
9.2.14. BlueFire Renewables
9.2.15. American Process
9.2.16. Axens
9.2.17. Enerkem
9.2.18. LanzaTech Global
9.2.19. BlueFire Renewables
Lignofuels Market By End-User-
Lignofuels Market By Source-
Lignofuels Market By Processing Technology-
Lignofuels Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
