Lignocellulosic Feedstock-based Biofuel Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Consumption of Bioethanol as a Transport Fuel
- Increasing Awareness & Innovation in Waste Management System
Challenges
- Adverse environmental impact of biofuel production.
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.
