Bioliquid Heat & Power Generation Market Research Report – Global Forecast till 2030

Bioliquid Heat & Power Generation Market Research Report: Information by Type (Bioethanol and Biodiesel), by Application (Power Generation and Heat Generation), and Region – Global Forecast till 2030

ID: MRFR/E&P/5894-HCR | February 2021 | Region: Global | 111 pages         

Bioliquid Heat & Power Generation Market

Bioliquid Heat & Power Generation Market share is expected to reach 3.4 Billion by 2027, with a CAGR of 7.6% during the forecast period 2022-2027.

Segmentation

By Type Bioethanol Biodiesel
By Application Power Generation Heat Generation

Key Players

  • Encontech
  • Argent Energy
  • Munzer Bioindustrie
  • Betarenewables
  • Ensyn Fuels
  • Bunge
  • Biox
  • MBP Group
  • REG Power Management
  • Neste
  • REG
  • Kraton
  • BTG
  • Olleco
  • Archer Daniels Midland Company
  • Cargill Inc.

Drivers

  • Need to reduce carbon emissions
  • Availability of advanced technology to convert feedstock to liquid biofuels
  • Easy feedstock availability
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Bioliquid Heat & Power Generation Market Overview


During the forecast period 2021-2028, the global bioliquid heat & power generation market size is estimated to exhibit a significant CAGR of 7.6%.


Bioliquids are one type of fuel composed of renewable sources like cooking oil, wheat, rapeseed, and animal fats grown and harvested particularly for producing fuel. Bioliquids are available in two types either 100% renewable content or 100% bioliquid combined with mineral heating fuels like kerosene and gas oil. This is generally named bioliquid blends. While making bioliquids, the standards should be followed. To achieve consistent quality and properties of the fuel, bioliquids are manufactured under strict quality assurance systems and EN14214 is the standard used.


The manufacturing of bioliquids needs to assemble the feedstocks to extract bioliquids. Further,  these bioliquids are distributed for applications like heat production and electricity. Europe is the world’s largest biodiesel producer. The European Biodiesel Board states that the production capacity of biodiesel in Europe was nearly 21,119 thousand tonnes. Brazil, Finland, Denmark, Austria, and Sweden are the major bioenergy producing countries.


COVID-19 Analysis:


Due to the COVID-19 outbreak, almost all businesses are severely impacted. Electrical & electronics, automotive, semiconductor, food & beverages, aircraft, and many more are negatively impacted by the pandemic. In the same way, the bioliquid heat & power generation market is also negatively impacted for a period during the pandemic. To control the spread of the virus, most of the country's governments are implemented stringent regulations like lockdown, transportation bans, public places closed, manufacturing industries off, factories shut down, and limited visits out.


Due to the lockdown, the manufacturing industries faced a lot of problems like supply chain disruption, shortage of workers, and lack of raw materials. This situation leads to a stoppage of production and reduces the demand for the product. After the post lockdown, the market rapidly grows and returns its investments. In the United Kingdom, the construction of the Tees Renewable Energy Plant, a 299 megawatt (MW) biogas power plant got suspended due to the COVID-19 pandemic.


Further, the features like efficient methods, cost-effective, and low carbon power generation technology are regaining the market growth. Hence the bioliquid heat & power generation market is moderately impacted by the pandemic.


Market Dynamics:


Drivers:


Requirement of reducing carbon emissions, availability of advanced technology for converting feedstock to liquid biofuels, and easy feedstock availability are the factors driving the bioliquid heat & power generation market growth. Moreover, the high recycling rate of waste products is fueling market growth. Rising the production output of ethanol in many countries is boosting the market growth.


In 2021, Praj industries started a contract to set up India’s largest capacity syrup-based ethanol plant from Godavari Biorefineries (GBL) in Karnataka which is projected to come online within two years. This project is expected to foster market growth.


Restraint:


The lack of a uniform regulatory framework and regulatory restrictions on vegetable oils for conversion of the bioliquid is limiting the growth of the market.


Opportunities:


Improving energy security, and government policies to promote renewables-based power generation technologies all across the globe are the major opportunities to accelerate the market growth. Moreover, biomass meets about 10% of the total global energy demand which makes it the most potential candidate among other renewables and is also increasing the market growth.


Challenges:


High initial costs for installing, producing, and maintenance are hindering the market growth. Also, high competition from alternative technologies is the major challenge to the market growth.


Study Objectives -



  • To provide full data about the market structure along with various forecast segments and subsegments for the future years.

  • To offer the insights that are impacting the growth of the market value.

  • To study the bioliquid heat & power generation market industry analysis based on factors-price analysis, supply chain analysis, etc.

  • To offer history and review revenue segments and sub-segments of the market revenue for the four main geographies.

  • To offer a country-level and region-level analysis of the present market size and future prospective. 

  • To provide a country-level analysis of the market industry growth by region, type, and application.

  • To provide a detailed profile of the prominent key players in the market, analyze their core competencies, and draw a global market growth landscape.

  • To track and examine new product developments, investments in R&D, expansions, mergers & acquisitions, strategic alliances, partnerships, and global market research.


Segment Overview:


The global bioliquid heat & power generation market has been divided into three segments based on type, application, and region.


Based on Type


The bioliquid heat & power generation types are bifurcated into bioethanol and biodiesel. Among them, bioethanol is dominating the largest market share due to its various advantages over biodiesel. Bioethanol includes 35 % oxygen and adding oxygen to the fuel leads to complete fuel combustion which minimizes harmful tailpipe emissions. Bioethanol has advanced features like less cost than biodiesel and provides nearly 93% greater net energy per gallon.


Based on Application


By application, the bioliquid heat & power generation market is split into two forms such as heat generation, and power generation. Out of these, the heat generation segment is holding the largest market share due to stringent regulatory frameworks in major regions like


Based on Region


Regionally, the global market is sectioned into four main geographies such as Asia-Pacific, North America, Europe, and the Rest of the World. Europe is expected to hold the largest market share as it is the largest producer of bioliquids.


Regional Analysis -


Geographically, the market is partitioned into four major regions like Asia-Pacific, North America, Europe, and the Rest of the World. Out of these, Europe is holding the highest bioliquid heat & power generation market share as it is the largest producer of bioliquids. The European players like MBP Group, OLLeco, and Neste are involved in both biomass collection and conversion to energy which is accelerating the growth of the market in this region. The rising focus on the renewable energy sector including bioliquid is propelling the market growth in this region. Emerging countries like Germany, the UK, and France are the major markets of the bioliquid heat & power generation market which is boosting the market growth in this region.


Moreover, the stringent regulatory framework related to bioliquids is escalating the market growth in this region. The rising share of bioenergy in the energy generation mix is also growing the market growth. In January 2020, the European Parliament adopted the resolution named  “European Green Deal” that focuses on the importance of decarbonizing the energy sector as the highest priority for a net-zero greenhouse gas emissions economy by 2050.


Competitive Landscape


The prominent key players in the bioliquid heat & power generation market outlook are the following:



  • Encontech

  • Argent Energy

  • Munzer Bioindustrie

  • Betarenewables

  • Ensyn Fuels

  • Bunge

  • Biox

  • MBP Group

  • REG Power Management

  • Neste

  • REG

  • Kraton

  • BTG

  • Olleco

  • Archer Daniels Midland Company and

  • Cargill Inc.


Recent Developments


One of the most popular, Oil and Renewable Heating technologies (OFTEC) build an industry standard for the blending of 30% bioliquid with 70% kerosene which is named “prOPS 24- a bioliquid/Mineral fuel blend standard or B30K.


OFTEC partnered with famous enterprises, Carbon Connections, University of East Anglia, ICOM Energy Association, and Clean Energy Consultancy to take up a project.


In 2020, Horizon Europe introduced the program to support research and innovative initiatives financially in crucial areas of economic development where climate change is one of them. The new EU mission “100 climate-neutral and smart cities” by 2030 is predicted to have an overwhelming effect on the demand for renewables in energy generation in all the European nations.


Report Overview:


This global bioliquid heat & power generation market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the market drivers, restraints, challenges, and opportunities. The market forecast segments into three forms type, application, and region.


Segmentation Table


The market trends have been segmented into three forms globally based on the type, application, and region.


By Type


Bioethanol and biodiesel are two types of the market.


By Application


Heat generation and power generation are two applications of the market.


By Region


Asia-Pacific, Europe, North America, and the rest of the world are the four main geographies included in the heat & power generation market.



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   7.6% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Encontech, Argent Energy, Munzer Bioindustrie, Betarenewables, Ensyn Fuels, Bunge, Biox, MBP Group, REG Power Management, Neste, REG, Kraton, BTG, Olleco, Archer Daniels Midland Company, and Cargill Inc.
  Key Market Opportunities   New product launches and R&D amongst major key players
  Key Market Drivers

  • Need to reduce carbon emissions
  • Availability of advanced technology to convert feedstock to liquid biofuels
  • Easy feedstock availability


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    Frequently Asked Questions (FAQ) :

    The bioliquid heat & power generation market is anticipated to mark 7.6% CAGR.

    The segments of the bioliquid heat & power generation market, by application, are heat generation and power generation.

    China, India, and Thailand are the key country-level markets in APAC.

    The key players are Encontech, Munzer Bioindustrie, Argent Energy, Betarenewables, Bunge, Ensyn Fuels, Biox, MBP Group, Neste, REG Power Management, REG, Kraton, Archer Daniels Midland Company, BTG, Olleco, and Cargill Inc.