Bioliquid heat & power generation market is expected to grow at ~7.6% CAGR during the forecast period.
Need to reduce carbon emissions, availability of advanced technology to convert feedstock to liquid biofuels, and easy feedstock availability are some of the factors driving the market. Europe continues to be the world’s largest biodiesel producer. According to European Biodiesel Board, the production capacity of biodiesel in Europe was approximately 21,119 thousand tonnes. The major bioenergy producing countries in Europe are Brazil, Finland, Denmark, Sweden, and Austria.
Global bioliquid heat & power generation market has been segmented based on type, application, and region. Based on type, the market has been classified into bioethanol and biodiesel. Bioethanol segment is leading the market owing to its various advantages over biodiesel. For instance, bioethanol contains 35% oxygen and adding oxygen to fuel results in complete fuel combustion, thus reducing harmful tailpipe emissions. Moreover, ethanol also displaces the use of toxic gasoline component such as benzene. In the US, nearly all the gasoline is now sold, contains 10% ethanol by volume. Considering the technical features of bioethanol, bioethanol is much cheaper compared to biodiesel and provides approximately 93% more net energy per gallon.
The key players of global Bioliquid Heat & Power Generation Market are 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., among others.
Global Bioliquid Heat & Power Generation Market is expected to witness moderate growth during the forecast period due to the fact that Brazil and the US are the largest producers of ethanol, but the strong production growth can be seen in China, India, and Thailand, among other developing countries.
Bioliquids are the fuels made out from renewable sources such as cooking oil, rape seed, wheat, and animal fats grown and harvested especially for making fuel. Bioliquids are either available with 100% renewable content or 100% bioliquid can be mixed with mineral heating fuels including kerosene and gas oil. This is generally known as bioliquid blends. There are standards which are to be followed while making bioliquids. These standards include EN 14214 and bioliquids are to be produced under strict quality assurance systems in order to achieve consistent quality and properties of the fuel. Moreover, Oil & Renewable Heating Technologies (OFTEC) has also developed an industry standard for the blending of 30% bioliquid with 70% kerosene entitled “prOPS 24-a bioliquid/Mineral fuel blend standard or B30K. OFTEC also took up a project in partnership with Carbon Connections, University of East Anglia, ICOM Energy Association and Clean Energy Consultancy.
|Market Size||2030: Significant Value|
|CAGR||7.6% CAGR (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||
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.
By type, the segments are biodiesel and bioethanol.
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.