Bioliquid Heat & Power Generation Market Research Report: Information by Type (Bioethanol and Biodiesel), by Application (Power Generation and Heat Generation), and Region – Global Forecast till 2023
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.
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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Report at: https://www.marketresearchfuture.com/reports/bioliquid-heat-power-generation-market-7363
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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