According to the recent research report titled ‘Global Advanced Biofuel Market - Analysis By Types (Advanced Diesel, Advanced Gasoline, Biodiesel, Biocrude, Others), Applications, Technology, Raw Materials, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)’ available with MarketStudyReport, global advanced biofuel market was valued USD 41.23 billion in 2021 and is likely to generate sustainable returns by the year 2027.

Increasing disposable income in the United States, Indonesia, Canada, the United Kingdom, growing adoption of advanced biofuel in transportation sector, and rising demand for advanced diesel and biodiesel are some of the major growth indicators of global advanced biofuel market.

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Additionally, the market expansion can also be attributed to the increasing concentration of OEMs and ODMs across various industry sectors, including varieties and raw materials in the Americas region.

Worldwide advanced biofuel market is segmented on the basis of application scope, by type, by technology, raw material type, and regional overview. By application model, the market is bifurcated into energy generation, transportation, charging electronics, and others. The transportation segment is likely to exhibit substantial growth through the forecast duration owing to increasing number of advanced biofuel manufacturing firms and rising usage of public transport.

On the basis of types, the market is bifurcated into advanced diesel, biodiesel, advanced gasoline, biocrude, and others. The advanced diesel segment is expected to capture a fair amount of market share over the forecast duration due to increasing demand for affordable and efficient biofuels worldwide.

In terms of technology, global advanced biofuel market space is split into biochemical routes and thermochemical routes.

By raw materials type, the market is divided into lignocellulose, camelina, jatropha, algae, and others. Among these, the lignocellulose segment is expected to witness considerable growth in the ensuing years because of its simplicity to collect, less maintenance, and a cost effective capability.

The regional terrain of global advanced biofuel market space spans Europe, the Americas, and Asia Pacific.

Blue Marble Energy, Targray Technology International Inc., Gevo Inc., DuPont Danisco, Bangchak Corporation Public Company Limited, INEOS Group Ltd., Clariant AG, POET-DSM, Fujian Zhongde Energy Co. Ltd., and Sundrop Fuels Inc. are the key players that define the competitive landscape of global advanced biofuel industry space.