Lignocellulosic feedstock-based biofuel market size to grow by USD 1.4 billion between 2021 and 2026; Growth driven by non-dependent nature of lignocellulosic feedstock - Technavio

NEW YORK, May 5, 2023 /PRNewswire/ -- The lignocellulosic feedstock-based biofuel market size is estimated to grow by USD 1.4 billion between 2021 and 2026. The growth momentum will be progressing at a CAGR of 32.69% during the forecast period. The market is segmented by conversion process (biochemical and thermochemical) and geography (North America, South America, Europe, APAC, and the Middle East and Africa). To understand more about the lignocellulosic feedstock-based biofuel market, request a sample report.

The market growth in the biochemical segment will be significant over the forecast period. The growth of the segment is driven by the increasing use of bioethanol as a transport fuel and the rise in ethanol blending targets of several nations. The increased emphasis on R&D related to the conversion process involving the pretreatment of feedstock, enzymatic hydrolysis, and fermentation is another key factor driving the segment growth.

The market is driven by the non-dependent nature of lignocellulosic feedstock on cropland. Lignocellulosic feedstocks include crop residues, forest residues, municipal trash, and wood pulp residues. These feedstocks do not affect the availability of land to be used for food production. Lignocellulosic feedstocks are abundantly available worldwide and can produce cellulosic biofuels. For example, corn stover accounts for a large portion of the waste in corn-producing fields. It is an ideal feedstock for biofuels, as it is a waste product that requires effective management. The use of such feedstocks can bring extra revenue for farmers. Also, lignocellulosic feedstocks can convert non-food-producing lands to woody biomass-producing lands without affecting the food price. Thus, the non-cropland affecting nature of lignocellulosic feedstocks is increasing their demand, which is driving the market growth.

Lignocellulosic Feedstock-Based Biofuel Market Insights -

• Vendors: 15+, including Abengoa SA, Aemetis Inc., BDI BioEnergy International GmbH, Borregaard ASA, Caterpillar Inc., China Petrochemical Corp., Clariant AG, ENERKEM Inc., ETIP B SABS, Genera Inc., Gevo Inc., GranBio Investimentos SA, International Flavors and Fragrances Inc., Intertek Group Plc, Iogen Corp., Neste Corp., New Energy Blue LLC, Novozymes AS, Thermo Fisher Scientific Inc., Vance Group Ltd., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Conversion process (biochemical and thermochemical) and geography (North America, South America, Europe, APAC, and the Middle East and Africa).

Global Lignocellulosic Feedstock-Based Biofuel Market - Vendor Insights

The global lignocellulosic feedstock-based biofuel market is fragmented. The market mainly comprises category-focused vendors that are involved in the value chain of different types of biofuels. Low levels of parity in terms of size among vendors and the low effect of overcapacity on price reduction reduced the threat of rivalry among vendors. However, the threat of rivalry has been intensified due to factors such as high fixed costs, moderate product differentiation, and high exit barriers. Some of the key vendors covered in the report include:

• Abengoa SA - The company offers lignocellulosic feedstock-based biofuel such as Bioethanol.
• Aemetis Inc. - The company offers lignocellulosic feedstock-based biofuel such as sustainable aviation fuel, renewable diesel, and biodiesel.
• Borregaard ASA - The company offers lignocellulosic feedstock-based biofuel such as bioethanol derived from Norway Spruce.
• Clariant AG - The company offers lignocellulosic feedstock-based biofuel such as Cellulosic ethanol.
• BDI BioEnergy International GmbH
• Caterpillar Inc.
• China Petrochemical Corp.
• ENERKEM Inc.
• ETIP B SABS
• Genera Inc.
• Gevo Inc.
• GranBio Investimentos SA
• International Flavors & Fragrances Inc.
• Intertek Group Plc
• Iogen Corp.
• Neste Corp.
• New Energy Blue LLC
• Novozymes AS
• Thermo Fisher Scientific Inc.
• Vance Group Ltd.

Global Lignocellulosic Feedstock-Based Biofuel Market – Market Dynamics

Major Trends – 

• Rising ethanol blending rate targets
• Increasing government support to produce second-generation biofuels
• Emergence of integrated waste management system

The rise in greenhouse gas (GHG) emissions has compelled governments to set ambitious emission reduction targets. Several countries are mandating the blending of biofuels with gasoline to reduce GHG emissions in the transportation sector. For instance, many countries in the EU are adopting renewable ethanol in the transportation sector to meet their renewable and national climate targets. In 2019, countries such as Hungary, Slovakia, and Lithuania announced an increase in their use of renewable ethanol. Such ethanol blending rate targets set by governments across the world will drive the demand for bioethanol, thereby fueling the growth of the market in focus.

Key challenges – 

• Complex and costly conversion process
• Competition from alternative fuels
• Rising adoption of EVs

Lignocellulosic feedstocks contain proteins, salts, pectin, ash, and minerals. The conversion of bioethanol from lignocellulosic feedstock involves steps such as pretreatment, enzymatic hydrolysis, fermentation, and separation. Polysaccharides present in these feedstocks are tightly packed. Hence, polysaccharides get limited access to enzymes during the enzymatic hydrolysis step in the cellulosic ethanol process. Thus, during the viable production of cellulosic ethanol, the fermentation process faces challenges. The conversion of lignocellulosic feedstocks into biofuels involves a complex process and is still in the nascent stage. Thus, it faces several challenges in achieving mass commercialization, which is reducing the growth potential of the market.

Market dynamics can impact businesses. Find more such key insights in a sample report!

The lignocellulosic feedstock-based biofuel market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this lignocellulosic feedstock-based biofuel market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the lignocellulosic feedstock-based biofuel market between 2022 and 2026
• Precise estimation of the size of the lignocellulosic feedstock-based biofuel market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the lignocellulosic feedstock-based biofuel market across North America, South America, Europe, APAC, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of lignocellulosic feedstock-based biofuel market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Conversion Process
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Conversion Process

• 5.1 Market segments
• Exhibit 24: Chart on Conversion Process - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Conversion Process - Market share 2021-2026 (%)

• 5.2 Comparison by Conversion Process 
• Exhibit 26: Chart on Comparison by Conversion Process
• Exhibit 27: Data Table on Comparison by Conversion Process

• 5.3 Biochemical - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Biochemical - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Biochemical - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Biochemical - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Biochemical - Year-over-year growth 2021-2026 (%)

• 5.4 Thermochemical - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Thermochemical - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Thermochemical - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Thermochemical - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Thermochemical - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Conversion Process 
• Exhibit 36: Market opportunity by Conversion Process ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026 
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 South America - Market size and forecast 2021-2026 
• Exhibit 46: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026 
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 APAC - Market size and forecast 2021-2026 
• Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026 
• Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 US - Market size and forecast 2021-2026 
• Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026 
• Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 Canada - Market size and forecast 2021-2026 
• Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.12 Brazil - Market size and forecast 2021-2026 
• Exhibit 78: Chart on Brazil - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Brazil - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Brazil - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Brazil - Year-over-year growth 2021-2026 (%)

• 7.13 Mexico - Market size and forecast 2021-2026 
• Exhibit 82: Chart on Mexico - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on Mexico - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on Mexico - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Mexico - Year-over-year growth 2021-2026 (%)

• 7.14 Market opportunity by geography 
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Abengoa SA
• Exhibit 93: Abengoa SA - Overview
• Exhibit 94: Abengoa SA - Product / Service
• Exhibit 95: Abengoa SA - Key news
• Exhibit 96: Abengoa SA - Key offerings

• 10.4 Aemetis Inc.
• Exhibit 97: Aemetis Inc. - Overview
• Exhibit 98: Aemetis Inc. - Business segments
• Exhibit 99: Aemetis Inc. - Key offerings
• Exhibit 100: Aemetis Inc. - Segment focus

• 10.5 Borregaard ASA
• Exhibit 101: Borregaard ASA - Overview
• Exhibit 102: Borregaard ASA - Business segments
• Exhibit 103: Borregaard ASA - Key offerings
• Exhibit 104: Borregaard ASA - Segment focus

• 10.6 China Petrochemical Corp. 
• Exhibit 105: China Petrochemical Corp. - Overview
• Exhibit 106: China Petrochemical Corp. - Business segments
• Exhibit 107: China Petrochemical Corp. - Key offerings
• Exhibit 108: China Petrochemical Corp. - Segment focus

• 10.7 Clariant AG
• Exhibit 109: Clariant AG - Overview
• Exhibit 110: Clariant AG - Business segments
• Exhibit 111: Clariant AG - Key news
• Exhibit 112: Clariant AG - Key offerings
• Exhibit 113: Clariant AG - Segment focus

• 10.8 Gevo Inc.
• Exhibit 114: Gevo Inc. - Overview
• Exhibit 115: Gevo Inc. - Business segments
• Exhibit 116: Gevo Inc. - Key offerings
• Exhibit 117: Gevo Inc. - Segment focus

• 10.9 GranBio Investimentos SA 
• Exhibit 118: GranBio Investimentos SA - Overview
• Exhibit 119: GranBio Investimentos SA - Product / Service
• Exhibit 120: GranBio Investimentos SA - Key offerings

• 10.10 International Flavors and Fragrances Inc. 
• Exhibit 121: International Flavors and Fragrances Inc. - Overview
• Exhibit 122: International Flavors and Fragrances Inc. - Business segments
• Exhibit 123: International Flavors and Fragrances Inc. - Key offerings
• Exhibit 124: International Flavors and Fragrances Inc. - Segment focus

• 10.11 Neste Corp.
• Exhibit 125: Neste Corp. - Overview
• Exhibit 126: Neste Corp. - Business segments
• Exhibit 127: Neste Corp. - Key news
• Exhibit 128: Neste Corp. - Key offerings
• Exhibit 129: Neste Corp. - Segment focus

• 10.12 New Energy Blue LLC
• Exhibit 130: New Energy Blue LLC - Overview
• Exhibit 131: New Energy Blue LLC - Product / Service
• Exhibit 132: New Energy Blue LLC - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 133: Inclusions checklist
• Exhibit 134: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 135: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 136: Research methodology
• Exhibit 137: Validation techniques employed for market sizing
• Exhibit 138: Information sources

• 11.5 List of abbreviations 
• Exhibit 139: List of abbreviations

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