Lignocellulosic Feedstock-based Biofuel Segmentation
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:
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
Lignocellulosic Feedstock-based Biofuel Market size is expected to register remarkable growth rate during the forecast period i.e., between 2025-2037.
Growing Adoption of Bioethanol as a Transport Fuel and Innovation in Waste Management System will drive the market growth.
Asia Pacific industry is anticipated to account for largest revenue share by 2037, owing to increasing awareness about the waste management system, and increasing demand for fuel-based vehicles in the region.
The major players in the market are Abengoa SA, China Petroleum & Chemical Corp., Clariant International Ltd., DuPont de Nemours Inc., Inc., among others.
