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Lignocellulosic Feedstock-based Biofuel Market Analysis

  • Report ID: 2935
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Lignocellulosic Feedstock-based Biofuel Market Analysis

The Lignocellulosic Feedstock-based Biofuel market is segmented based on type into biochemical and thermochemical out of which, the biochemical segment is anticipated to grab the largest share by the end of 2021 on account of efficient and cost-effective conversion process.

On the basis of application, the automotive segment in the market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the increasing consumers of fuel-based vehicles in the world, and government policies and norms that mandated countries to use biofuels.

 

Our in-depth analysis of the global market includes the following segments:

          Type
  • Biochemical
  • Thermochemical

         Application
  • Automotive
  • Aviation
  • Others
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Browse Key Market Insights with Data Illustration:

Author Credits:  Dhruv Bhatia


  • Report ID: 2935
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing Adoption of Bioethanol as a Transport Fuel and Innovation in Waste Management System are the key factors driving market growth.

The market is anticipated to attain a robust CAGR over the forecast period, i.e., 2021-2029.

Adverse environmental impact of biofuel production and lack of awareness about waste management in lower economic regions are estimated to hamper the market growth.

The market in the Asia Pacific region will provide ample growth opportunities owing to the growing adoption of bioethanol as a transport fuel.

The major players dominating the lignocellulosic feedstock-based biofuel market are Abengoa SA, China Petroleum & Chemical Corp., Clariant International Ltd., DuPont de Nemours Inc., Inc., among others.
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