The global Biofuel Additives market was valued at US$ 6656.9 million in 2022 and is projected to reach US$ 11870 million by 2030, at a CAGR of 8.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The rapid increase in the global population raises the demand for food and energy for improved life. Therefore, the questions arising under the Food vs. Fuel debate are how much arable land is available, what should be the priority, and how should the land be used, among others. There is an increased debate on the increasing prices of food due to the crops utilized for the manufacturing of biofuels. For example, in 2012, Peter Brabeck-Letmathe, Chairman of Nestle, stated, If no food was used for fuel, the prices would come down again-that is very clear. In addition, Paul Conway, Chairman of Cargill, stated, "The bigger picture globally is increased urbanization, which leads to more food being consumed...there has also been an explosion in biofuel use and the financializing of the agricultural markets." The increasing number of such debates has decreased the adoption of biofuels to certain extent and the biofuel producers are conducting studies on the alternate sources of biofuels. Therefore, decreasing biofuel adoption has reduced the demand for biofuel additives across the globe.
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The Food vs. Fuel debate has considerably decreased the growth of the biofuel additives market. However, with increasing advancement in second-generation biofuels, the impact of this driver is expected to decrease during the forecast period.
This report aims to provide a comprehensive presentation of the global market for Biofuel Additives, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Biofuel Additives. This report contains market size and forecasts of Biofuel Additives in global, including the following market information:
Global Biofuel Additives Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global Biofuel Additives Market Sales, 2018-2023, 2024-2030, (K MT)
Global top five Biofuel Additives companies in 2022 (%)
We surveyed the Biofuel Additives manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks. Total Market by Segment:
Global Biofuel Additives Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Biofuel Additives Market Segment Percentages, by Type, 2022 (%)
Antioxidants
Corrosion Inhibitors
Cold Flow Improvers
Detergents & Dispersants
Octane & Cetane Improvers
Dyes & Markers
Others
Global Biofuel Additives Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Biofuel Additives Market Segment Percentages, by Application, 2022 (%)
Bioethanol
Biodiesel
Global Biofuel Additives Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Biofuel Additives Market Segment Percentages, By Region and Country, 2022 (%)
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
The Middle East and Africa (Middle East, Africa)
South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Biofuel Additives revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Biofuel Additives revenues share in global market, 2022 (%)
Key companies Biofuel Additives sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Biofuel Additives sales share in global market, 2022 (%)
key players include:
Lubrizol
Fuel Quality Services
Chemiphase Ltd.
Clariant
Afton Chemical
E-ZOIL
Eastman
Evonik
Chevron
Biofuel Systems
Chapter 1: Introduces the definition of Biofuel Additives, market overview. Chapter 2: Global Biofuel Additives market size in revenue and volume. Chapter 3: Detailed analysis of Biofuel Additives manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets. Chapter 6: Sales of Biofuel Additives in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world. Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. Chapter 8: Global Biofuel Additives capacity by region & country. Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry. Chapter 11: The main points and conclusions of the report. Get the Complete Report & TOC at https://www.statsmarketresearch.com/global-biofuel-additives-forecast-2023-2030-834-7768531 CONTACT US: 276 5th Avenue, New York , NY 10001,United States International: (+1) 646 781 7170 Follow Us On linkedin :- https://www.linkedin.com/company/24-market-reports
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