Bioliquid Heat & Power Generation
Market Research Report – Global Forecast till 2023
The
global bioliquid heat and power generation market is predicted to have a
significant growth at a 7.60% CAGR over the forecast period (2018-2023),
reveals the latest Market Research Future (MRFR) report. Bioliquids are fuels
that are manufactured from renewable sources, namely rapeseed oil, cooking oil,
animal fats or wheat that are grown and harvested specifically to make fuel. The global Bioliquid Heat
& Power Generation market is set to witness high growth owing to increasing
demand for energy and need to reduce carbon emissions. Bioliquids are fuels
that are manufactured from renewable sources, namely rapeseed oil, cooking oil,
animal fats or wheat that are grown and harvested specifically to make fuel. A detailed analysis report of COVID-19 impact on Bioliquid
Heat and Power Generation Market Share is provided
with the report.
Various factors are pushing the growth of the
bioliquid heat and power generation market. These factors, in accordance to the
Market Research Future (MRFR) report, include a high rate of recycling waste
products, fall in carbon emissions, easy accessibility of feedstocks, improving
energy security, growing emphasis on alternative energy to control
environmental emissions and availability of technology for converting
feedstocks into liquid biofuels.
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Additional factors pushing the market growth include
technological advancements and growing need to use sustainable development
measures. On the contrary, regulatory restrictions, especially on vegetable
oils for bioliquid conversion and lack of uniform regulatory frameworks are
factors that are likely to hamper the bioliquid heat and power generation
market growth over the forecast period.
Market
Segmentation
The Market Research Future report offers a wide
segmental analysis of the bioliquid heat and power generation market on the
basis of type and application.
Based on type, the bioliquid heat and power generation
market is segmented into biodiesel and bioethanol. Of these, bioethanol will
have the largest share in the market over the forecast period. This is owing to
the availability of feedstocks, namely crop residues as well as industrial
waste.
Based on application, the bioliquid heat and power
generation market is segmented into heat generation and power generation. Of
these, heat generation will dominate the market over the forecast period. This
is owing to the easy availability of feedstocks for heat production and
stringent regulatory frameworks that are followed in key regions, namely Europe
and North America.
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Key Players
Leading players profiled in the bioliquid heat and
power generation market report include Cargill Inc., Archer Daniels Midland
Company, Olleco, BTG, Kraton, REG, Neste, REG Power Management, MBP Group,
Biox, Bunge, Ensyn Fuels, Betarenewables, Munzer Bioindustrie, Argent Energy,
and Encontech, among others.
Regional Analysis
Based on the region, the
bioliquid heat and power generation market report covers growth opportunities
and latest trends across Europe, North America, Asia Pacific (APAC) and Rest of
the World (RoW). Of these, Europe will spearhead the market over the forecast
period. This is owing to the growing focus on renewable energy, of which
bioliquid is a part. It is predicted to grow at a favorable CAGR. Countries
such as France, the UK, and Germany are the key contributors in this region.
Moreover, the strict regulatory framework concerning bioliquids is predicted to
push the market growth in Europe in the coming years.
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