Lignofuels Market - A Global and Regional Analysis: Focus on Source, Processing Technology, End User, and Region - Analysis and Forecast, 2023-2032

Report
202 Pages
November 2023
Region: Global
BIS Research
ID: 5910227

Ongoing research and developmental endeavors have yielded more sophisticated processes for lignofuels’ production, enhancing their cost efficiency and effectiveness thereby propelling market expansion. State-of-the-art technologies in integrated biorefineries, such as the Neste Porvoo Refinery in Finland, demonstrate the utilization of lignocellulosic sources for biofuel production. Supportive policies and incentives worldwide are driving the rapid growth of the lignofuels industry. For instance, the U.S. Renewable Fuel Standard (RFS) mandates the incorporation of renewable fuels, including cellulosic biofuels, into transportation fuel, ensuring a stable market for lignofuels. Within the European Union, the Renewable Energy Directive (RED II) establishes targets for renewable energy in transport, promoting the adoption of biofuels and lignofuels.

Market Lifecycle Stage

The lignofuels is in its initial stage of commercialization, while some of the sources, such as algae-based biomass, are in their developing stage. The ecosystem of the lignofuels market comprises lignofuels manufacturers, technology providers, blenders, and end users. The market is still developing, with Europe at the forefront, followed by other regions such as Asia-Pacific and Japan, China, North America, Rest-of-the-World.

Industrial Impact

Both private and public investments in lignofuel projects are nurturing innovation and scalability. Sectors such as aviation and shipping are beginning to embrace lignofuels as a viable and sustainable fuel source. The initiation of biofuel testing in commercial aircraft by companies such as Boeing and Airbus signifies a significant shift toward sustainable aviation, expected to foster lignofuel growth.

Various global initiatives and policies related to lignofuels are as follows:

Global Initiatives:

Advanced Biofuels Collaboration: Associations such as the Advanced Biofuels Association (ABFA) and the Advanced Biofuels Business Council (ABBC) in the U.S. are fostering the advancement and utilization of advanced lignofuels, stimulating market growth.

Renewable Energy Support: The International Renewable Energy Agency (IRENA) supports the global transition to sustainable energy sources, including cellulosic ethanol, through research and policy advocacy.

Policies:

U.S. Renewable Fuel Standard (RFS): The U.S. RFS mandates the integration of advanced biofuels, including lignofuels, into the nation's transportation fuel supply, ensuring a burgeoning market.

European Union's Renewable Energy Directive II: The EU RED II establishes binding targets for the incorporation of renewable energy in transport, promoting lignofuels. Moreover, numerous countries, such as Finland and Sweden, have introduced national bioeconomy strategies that underscore the role of lignofuels in a sustainable and circular economy.

Market Segmentation:

Segmentation 1: by End User

Automotive
Aerospace
Marine

Based on end user, the lignofuels market was led by the automotive segment in 2022.

Segmentation 2: by Source

Dedicated Energy Crops
Agricultural Residue
Forest Residue
Urban Waste

Based on source, the lignofuels market is estimated to be led by the agricultural residue segment during the forecast period of 2023-2032.

Segmentation 3: by Processing Technology

Thermochemical
Biochemical

Based on processing technology, the lignofuels market was led by the thermochemical segment in 2022.

Segmentation 4: by Region

North America - U.S., Canada, and Mexico
Europe - Germany, France, Sweden, Finland, and Rest-of-Europe
China
U.K.
Asia-Pacific and Japan - Japan, India, ASEAN, and Rest-of-Asia-Pacific and Japan
Rest-of-the-World - Middle East and Africa and South America

In the global lignofuels market, Europe and China are anticipated to gain traction in terms of lignofuels production, owing to the increased mandates related to ethanol blending in the regions.

Recent Developments in Lignofuels Market

In May 2023, Dow and New Energy Blue LLC. announced a partnership to create sustainable plastic materials from corn residue.
In November 2022, Shell entered into a long-term agreement with Brazil's Raizen to purchase a total of 3.25 billion liters of sugar-cane cellulosic ethanol.
In September 2022, Nuseed broadened its bioenergy portfolio, acquiring assets and forming a long-term alliance with GranBio to expedite the global expansion of energy cane.
In August 2022, Prime Minister Narendra Modi inaugurated the nation's premier 2G cellulosic ethanol biorefinery, the Indian Oil project, located in Panipat, Haryana, India.

Demand - Drivers and Challenges

The following are the demand drivers for the lignofuels market:

Government Policies Benefiting Lignofuels
Collaborative Efforts of Government and Manufacturers for Promoting Sustainable Biofuels
Availability of Waste and Residues Feedstock to Benefit Lignofuels

The market is expected to face some challenges:

Slower Commercialization of Lignofuels
Variations in Feedstock Prices across Regions and Countries

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader to understand the different sources and processing technology involved in the lignofuels market. The source segment has been segmented into dedicated energy crops, agricultural residue, forest residue, and urban waste. The processing technology segment has been segmented into thermochemical and biochemical. Moreover, the study provides the reader with a detailed understanding of the lignofuels market based on end users, including automotive, aerospace, and marine. The increasing adoption of lignofuels in renewable diesel and sustainable aviation fuel is expected to fuel market growth in the future.

Growth/Marketing Strategy: The lignofuels market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been business partnerships to strengthen their position in the lignofuels market. For instance, in May 2023, Dow and New Energy Blue LLC. announced a partnership to create sustainable plastic materials from corn residue.

Competitive Strategy: Key players in the lignofuels market analyzed and profiled in the study involve lignofuels manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the lignofuels market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

Lignofuels, an increasingly promising alternative to conventional fossil fuels, are currently experiencing a notable surge in popularity due to a convergence of factors. These factors encompass environmental concerns, technological advancements, and supportive government policies and initiatives.

In light of the growing awareness of climate change and environmental degradation, lignofuels have emerged as a sustainable solution. They are derived from lignocellulosic feedstocks such as non-food crops, agricultural waste, and forest residue, offering a carbon-neutral or even carbon-negative alternative to traditional fossil fuels. For instance, the expansion of the lignofuels market is evident through the rising adoption of wood-based lignocellulosic feedstocks in biofuel production, as seen with Finland's UPM company.

Some of the prominent producers of lignofuels are:

Company Type 1 (by Source): Dedicated Energy Crops

Gevo, Inc.
Aemetis Inc
BlueFire Renewables
Axens

Company Type 2 (by Source): Agricultural Residue

New Energy Blue, LLC
Enerkem
Praj Industries
Clariant AG
Raizen
Gevo, Inc.

Company Type 3 (by Source): Forest Residue

Lessaffre
Ensyn Corporation
Red Rock Biofuels LLC
BlueFire Renewables
American Process
Axens

Company Type 4 (by Source): Urban Waste

Enerkem
LanzaTech Global
BlueFire Renewables

Various other players are also involved in the market, which has been covered in different sections of the report.

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1 Market

1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Market Competitiveness Promoting Commercial Deployment of Low-Cost Lignofuels
1.1.1.2 Sustainability Standards Playing a Vital Role in Promoting Lignofuels
1.1.2 Supply Chain Analysis
1.1.3 Cost Break-Up of Lignofuels (Cellulosic Ethanol) Plant
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Government Policies Benefiting Lignofuels
1.2.1.2 Collaborative Efforts of Government and Manufacturers for Promoting Sustainable Biofuels
1.2.1.3 Availability of Waste and Residues Feedstock to Benefit Lignofuels
1.2.2 Business Challenges
1.2.2.1 Slower Commercialization of Lignofuels
1.2.2.2 Variation in Feedstock Prices Across Regions and Countries
1.2.3 Business Strategies
1.2.3.1 Product and Market Developments
1.2.4 Corporate Strategies
1.2.4.1 Mergers and Acquisitions, Partnerships, and Joint Ventures
1.2.5 Business Opportunities
1.2.5.1 Trade Opportunities to Benefit Lignofuels
1.2.5.2 Mandates for Blending of Bioethanol
1.3 Start-Up Landscape
1.3.1 Key Start-Ups in the Ecosystem

2 Application

2.1 Global Lignofuels Market (by End User): Specifications and Demand Analysis, Volume and Value Data
2.1.1 Global Lignofuels Market (by End User)
2.1.1.1 Automotive
2.1.1.2 Aerospace
2.1.1.3 Marine

3 Products

3.1 Global Lignofuels Market (by Source): Specifications and Demand Analysis, Volume and Value Data
3.1.1 Global Lignofuels Market (by Source)
3.1.1.1 Dedicated Energy Crops
3.1.1.2 Agricultural Residue
3.1.1.3 Forest Residue
3.1.1.4 Urban Waste
3.2 Global Lignofuels Market (by Processing Technology): Specifications and Demand Analysis, Volume and Value Data
3.2.1 Global Lignofuels Market (by Processing Technology)
3.2.1.1 Thermochemical
3.2.1.2 Biochemical
3.3 Product Benchmarking: Growth Rate - Market Share Matrix (by Source), 2022
3.4 Patent Analysis
3.4.1 Patent Analysis (by Status)
3.4.2 Patent Analysis (by Country)
3.5 Average Pricing Analysis: Global and Regional Level, Lignofuels
3.6 Snapshot of Transportation Grade Bio-Ethanol Market
3.6.1 Transportation Grade Bio-Ethanol Market Projection
3.6.2 Leading Companies in the Transportation Grade Bio-Ethanol Market
3.6.3 Leading Countries in the Transportation Grade Bio-Ethanol Market

4 Regions

4.1 North America
4.1.1 Market
4.1.1.1 Business Drivers
4.1.1.2 Business Challenges
4.1.2 Application, Volume and Value Data
4.1.2.1 End User
4.1.3 Product, Volume and Value Data
4.1.3.1 Source
4.1.3.2 Processing Technology
4.1.4 North America (by Country)
4.1.4.1 U.S.
4.1.4.1.1 Market
4.1.4.1.2 Application, Volume and Value Data
4.1.4.1.2.1 End User
4.1.4.1.3 Product, Volume and Value Data
4.1.4.1.3.1 Source
4.1.4.1.3.2 Processing Technology
4.1.4.2 Canada
4.1.4.2.1 Market
4.1.4.2.2 Application, Volume and Value Data
4.1.4.2.2.1 End User
4.1.4.2.3 Product, Volume and Value Data
4.1.4.2.3.1 Source
4.1.4.2.3.2 Processing Technology
4.1.4.3 Mexico
4.1.4.3.1 Market
4.1.4.3.2 Application, Volume and Value Data
4.1.4.3.2.1 End User
4.1.4.3.3 Product, Volume and Value Data
4.1.4.3.3.1 Source
4.1.4.3.3.2 Processing Technology
4.2 Europe
4.2.1 Market
4.2.1.1 Business Drivers
4.2.1.2 Business Challenges
4.2.2 Application, Volume and Value Data
4.2.2.1 End User
4.2.3 Product, Volume and Value Data
4.2.3.1 Source
4.2.3.2 Processing Technology
4.2.4 Europe (by Country)
4.2.4.1 Germany
4.2.4.1.1 Market
4.2.4.1.2 Application, Volume and Value Data
4.2.4.1.2.1 End User
4.2.4.1.3 Product, Volume and Value Data
4.2.4.1.3.1 Source
4.2.4.1.3.2 Processing Technology
4.2.4.2 France
4.2.4.2.1 Market
4.2.4.2.2 Application, Volume and Value Data
4.2.4.2.2.1 End User
4.2.4.2.3 Product, Volume and Value Data
4.2.4.2.3.1 Source
4.2.4.2.3.2 Processing Technology
4.2.4.3 Sweden
4.2.4.3.1 Market
4.2.4.3.2 Application, Volume and Value Data
4.2.4.3.2.1 End User
4.2.4.3.3 Product, Volume and Value Data
4.2.4.3.3.1 Source
4.2.4.3.3.2 Processing Technology
4.2.4.4 Finland
4.2.4.4.1 Market
4.2.4.4.2 Application, Volume and Value Data
4.2.4.4.2.1 End User
4.2.4.4.3 Product, Volume and Value Data
4.2.4.4.3.1 Source
4.2.4.4.3.2 Processing Technology
4.2.4.5 Rest-of-Europe
4.2.4.5.1 Market
4.2.4.5.2 Application, Volume and Value Data
4.2.4.5.2.1 End User
4.2.4.5.3 Product, Volume and Value Data
4.2.4.5.3.1 Source
4.2.4.5.3.2 Processing Technology
4.3 U.K.
4.3.1 Market
4.3.1.1 Business Drivers
4.3.1.2 Business Challenges
4.3.2 Application, Volume and Value Data
4.3.2.1 End User
4.3.3 Product, Volume and Value Data
4.3.3.1 Source
4.3.3.2 Processing Technology
4.4 China
4.4.1 Market
4.4.1.1 Business Drivers
4.4.1.2 Business Challenges
4.4.2 Application, Volume and Value Data
4.4.2.1 End User
4.4.3 Product, Volume and Value Data
4.4.3.1 Source
4.4.3.2 Processing Technology
4.5 Asia-Pacific and Japan
4.5.1 Market
4.5.1.1 Business Drivers
4.5.1.2 Business Challenges
4.5.2 Application, Volume and Value Data
4.5.2.1 End User
4.5.3 Product, Volume and Value Data
4.5.3.1 Source
4.5.3.2 Processing Technology
4.5.4 Asia-Pacific and Japan (by Country)
4.5.4.1 Japan
4.5.4.1.1 Market
4.5.4.1.2 Application, Volume and Value Data
4.5.4.1.2.1 End User
4.5.4.1.3 Product, Volume and Value Data
4.5.4.1.3.1 Source
4.5.4.1.3.2 Processing Technology
4.5.4.2 India
4.5.4.2.1 Market
4.5.4.2.2 Application, Volume and Value Data
4.5.4.2.2.1 End User
4.5.4.2.3 Product, Volume and Value Data
4.5.4.2.3.1 Source
4.5.4.2.3.2 Processing Technology
4.5.4.3 ASEAN
4.5.4.3.1 Market
4.5.4.3.2 Application, Volume and Value Data
4.5.4.3.2.1 End User
4.5.4.3.3 Product, Volume and Value Data
4.5.4.3.3.1 Source
4.5.4.3.3.2 Processing Technology
4.5.4.4 Rest-of-Asia-Pacific and Japan
4.5.4.4.1 Market
4.5.4.4.2 Application, Volume and Value Data
4.5.4.4.2.1 End User
4.5.4.4.3 Product, Volume and Value Data
4.5.4.4.3.1 Source
4.5.4.4.3.2 Processing Technology
4.6 Rest-of-the-World
4.6.1 Market
4.6.1.1 Business Drivers
4.6.1.2 Business Challenges
4.6.2 Application, Volume and Value Data
4.6.2.1 End User
4.6.3 Product, Volume and Value Data
4.6.3.1 Source
4.6.3.2 Processing Technology
4.6.4 Rest-of-the-World (by Region)
4.6.4.1 Middle East and Africa
4.6.4.1.1 Market
4.6.4.1.2 Application, Volume and Value Data
4.6.4.1.2.1 End User
4.6.4.1.3 Product, Volume and Value Data
4.6.4.1.3.1 Source
4.6.4.1.3.2 Processing Technology
4.6.4.2 South America
4.6.4.2.1 Market
4.6.4.2.2 Application, Volume and Value Data
4.6.4.2.2.1 End User
4.6.4.2.3 Product, Volume and Value Data
4.6.4.2.3.1 Source
4.6.4.2.3.2 Processing Technology

5 Market - Competitive Benchmarking and Company Profiles

5.1 Competitive Benchmarking
5.1.1 Competitive Position Matrix
5.2 Company Profiles
5.2.1 New Energy Blue, LLC
5.2.1.1 Overview
5.2.1.2 Top Products / Product Portfolio
5.2.1.3 Top Competitors
5.2.1.4 Target Clients/End User
5.2.1.5 Market Share
5.2.1.6 Analyst View
5.2.1.7 Key Personnel
5.2.2 Enerkem
5.2.2.1 Overview
5.2.2.2 Top Products / Product Portfolio
5.2.2.3 Top Competitors
5.2.2.4 Target Clients/End User
5.2.2.5 Market Share
5.2.2.6 Analyst View
5.2.2.7 Key Personnel
5.2.3 Praj Industries
5.2.3.1 Overview
5.2.3.2 Top Products / Product Portfolio
5.2.3.3 Top Competitors
5.2.3.4 Target Clients/End User
5.2.3.5 Market Share
5.2.3.6 Analyst View
5.2.3.7 Key Personnel
5.2.4 Raizen
5.2.4.1 Overview
5.2.4.2 Top Products / Product Portfolio
5.2.4.3 Top Competitors
5.2.4.4 Target Clients/End User
5.2.4.5 Market Share
5.2.4.6 Analyst View
5.2.4.7 Key Personnel
5.2.5 Gevo, Inc.
5.2.5.1 Overview
5.2.5.2 Top Products / Product Portfolio
5.2.5.3 Top Competitors
5.2.5.4 Target Clients/End User
5.2.5.5 Market Share
5.2.5.6 Analyst View
5.2.5.7 Key Personnel
5.2.6 Clariant AG
5.2.6.1 Overview
5.2.6.2 Top Products / Product Portfolio
5.2.6.3 Top Competitors
5.2.6.4 Target Clients/End User
5.2.6.5 Market Share
5.2.6.6 Analyst View
5.2.6.7 Key Personnel
5.2.7 LanzaTech Global
5.2.7.1 Overview
5.2.7.2 Top Products / Product Portfolio
5.2.7.3 Top Competitors
5.2.7.4 Target Clients/End User
5.2.7.5 Market Share
5.2.7.6 Analyst View
5.2.7.7 Key Personnel
5.2.8 Granbio
5.2.8.1 Overview
5.2.8.2 Top Products / Product Portfolio
5.2.8.3 Top Competitors
5.2.8.4 Target Clients/End User
5.2.8.5 Market Share
5.2.8.6 Analyst View
5.2.8.7 Key Personnel
5.2.9 Aemetis, Inc.
5.2.9.1 Overview
5.2.9.2 Top Products / Product Portfolio
5.2.9.3 Top Competitors
5.2.9.4 Target Clients/End User
5.2.9.5 Market Share
5.2.9.6 Analyst View
5.2.9.7 Key Personnel
5.2.10 Lessaffre
5.2.10.1 Overview
5.2.10.2 Top Products / Product Portfolio
5.2.10.3 Top Competitors
5.2.10.4 Target Clients/End User
5.2.10.5 Market Share
5.2.10.6 Analyst View
5.2.10.7 Key Personnel
5.2.11 Ensyn Corporation
5.2.11.1 Overview
5.2.11.2 Top Products / Product Portfolio
5.2.11.3 Top Competitors
5.2.11.4 Target Clients/End User
5.2.11.5 Market Share
5.2.11.6 Analyst View
5.2.11.7 Key Personnel
5.2.12 Red Rock Biofuels LLC
5.2.12.1 Overview
5.2.12.2 Top Products / Product Portfolio
5.2.12.3 Top Competitors
5.2.12.4 Target Clients/End User
5.2.12.5 Market Share
5.2.12.6 Analyst View
5.2.12.7 Key Personnel
5.2.13 BlueFire Renewables
5.2.13.1 Overview
5.2.13.2 Top Products / Product Portfolio
5.2.13.3 Top Competitors
5.2.13.4 Target Clients/End User
5.2.13.5 Market Share
5.2.13.6 Analyst Views
5.2.13.7 Key Personnel
5.2.14 American Process
5.2.14.1 Overview
5.2.14.2 Top Products / Product Portfolio
5.2.14.3 Top Competitors
5.2.14.4 Target Clients/End User
5.2.14.5 Market Share
5.2.14.6 Analyst Views
5.2.14.7 Key Personnel
5.2.15 Axens
5.2.15.1 Overview
5.2.15.2 Top Products / Product Portfolio
5.2.15.3 Top Competitors
5.2.15.4 Target Clients/End User
5.2.15.5 Market Share
5.2.15.6 Analyst Views
5.2.15.7 Key Personnel

6 Research Methodology

6.1 Primary Data Sources
6.2 Data Sources
6.3 Assumptions and Limitations

List of Figures

Figure 1: Global Lignofuels Market, $Million, 2022, 2023, and 2032
Figure 2: Global Lignofuels Market (by End User), $Million, 2022 and 2032
Figure 3: Global Lignofuels Market (by Source), $Million, 2022 and 2032
Figure 4: Global Lignofuels Market (by Processing Technology), $Million, 2022 and 2032
Figure 5: Global Lignofuels Market (by Region), $Million, 2022 and 2032
Figure 6: Global Lignofuels Market Coverage
Figure 7: Supply Chain Analysis of the Lignofuels Market
Figure 8: Global Market (by End User), Volume
Figure 9: Global Market (by End User), Value
Figure 10: Global Market (by Source), Volume
Figure 11: Global Market (by Source), Value
Figure 12: Global Market (by Processing Technology), Volume
Figure 13: Global Market (by Processing Technology), Value
Figure 14: Product Benchmarking
Figure 15: Total Year-Wise Patents Filed for Global Lignofuels Market, January 2020-October 2023
Figure 16: Patent Analysis (by Status), January 2020-October 2023
Figure 17: Patents Filed (by Country), January 2020-October 2023
Figure 18: Patents Granted (by Country), January 2020-October 2023
Figure 19: Transportation Grade Bio-Ethanol Market Snapshot
Figure 20: North America Lignofuels Market, $Million, 2022-2032
Figure 21: North America Market (by End User), Volume
Figure 22: North America Market (by End User), Value
Figure 23: North America Market (by Source), Volume
Figure 24: North America Market (by Source), Value
Figure 25: North America Market (by Processing Technology), Volume
Figure 26: North America Market (by Processing Technology), Value
Figure 27: U.S. Lignofuels Market, $Million, 2022-2032
Figure 28: U.S. Market (by End User), Volume
Figure 29: U.S. Market (by End User), Value
Figure 30: U.S. Market (by Source), Volume
Figure 31: U.S. Market (by Source), Value
Figure 32: U.S. Market (by Processing Technology), Volume
Figure 33: U.S. Market (by Processing Technology), Value
Figure 34: Canada Lignofuels Market, $Million, 2022-2032
Figure 35: Canada Market (by End User), Volume
Figure 36: Canada Market (by End User), Value
Figure 37: Canada Market (by Source), Volume
Figure 38: Canada Market (by Source), Value
Figure 39: Canada Market (by Processing Technology), Volume
Figure 40: Canada Market (by Processing Technology), Value
Figure 41: Mexico Lignofuels Market, $Million, 2022-2032
Figure 42: Mexico Market (by End User), Volume
Figure 43: Mexico Market (by End User), Value
Figure 44: Mexico Market (by Source), Volume
Figure 45: Mexico Market (by Source), Value
Figure 46: Mexico Market (by Processing Technology), Volume
Figure 47: Mexico Market (by Processing Technology), Value
Figure 48: Europe Lignofuels Market, $Million, 2022-2032
Figure 49: Europe Market (by End User), Volume
Figure 50: Europe Market (by End User), Value
Figure 51: Europe Market (by Source), Volume
Figure 52: Europe Market (by Source), Value
Figure 53: Europe Market (by Processing Technology), Volume
Figure 54: Europe Market (by Processing Technology), Value
Figure 55: Germany Lignofuels Market, $Million, 2022-2032
Figure 56: Germany Market (by End User), Volume
Figure 57: Germany Market (by End User), Value
Figure 58: Germany Market (by Source), Volume
Figure 59: Germany Market (by Source), Value
Figure 60: Germany Market (by Processing Technology), Volume
Figure 61: Germany Market (by Processing Technology), Value
Figure 62: France Lignofuels Market, $Million, 2022-2032
Figure 63: France Market (by End User), Volume
Figure 64: France Market (by End User), Value
Figure 65: France Market (by Source), Volume
Figure 66: France Market (by Source), Value
Figure 67: France Market (by Processing Technology), Volume
Figure 68: France Market (by Processing Technology), Value
Figure 69: Sweden Lignofuels Market, $Million, 2022-2032
Figure 70: Sweden Market (by End User), Volume
Figure 71: Sweden Market (by End User), Value
Figure 72: Sweden Market (by Source), Volume
Figure 73: Sweden Market (by Source), Value
Figure 74: Sweden Market (by Processing Technology), Volume
Figure 75: Sweden Market (by Processing Technology), Value
Figure 76: Finland Lignofuels Market, $Million, 2022-2032
Figure 77: Finland Market (by End User), Volume
Figure 78: Finland Market (by End User), Value
Figure 79: Finland Market (by Source), Volume
Figure 80: Finland Market (by Source), Value
Figure 81: Finland Market (by Processing Technology), Volume
Figure 82: Finland Market (by Processing Technology), Value
Figure 83: Rest-of-Europe Lignofuels Market, $Million, 2022-2032
Figure 84: Rest-of-Europe Market (by End User), Volume
Figure 85: Rest-of-Europe Market (by End User), Value
Figure 86: Rest-of-Europe Market (by Source), Volume
Figure 87: Rest-of-Europe Market (by Source), Value
Figure 88: Rest-of-Europe Market (by Processing Technology), Volume
Figure 89: Rest-of-Europe Market (by Processing Technology), Value
Figure 90: U.K. Lignofuels Market, $Million, 2022-2032
Figure 91: U.K. Market (by End User), Volume
Figure 92: U.K. Market (by End User), Value
Figure 93: U.K. Market (by Source), Volume
Figure 94: U.K. Market (by Source), Value
Figure 95: U.K. Market (by Processing Technology), Volume
Figure 96: U.K. Market (by Processing Technology), Value
Figure 97: China Lignofuels Market, $Million, 2022-2032
Figure 98: China Market (by End User), Volume
Figure 99: China Market (by End User), Value
Figure 100: China Market (by Source), Volume
Figure 101: China Market (by Source), Value
Figure 102: China Market (by Processing Technology), Volume
Figure 103: China Market (by Processing Technology), Value
Figure 104: Asia-Pacific and Japan Lignofuels Market, $Million, 2022-2032
Figure 105: Asia-Pacific and Japan Market (by End User), Volume
Figure 106: Asia-Pacific and Japan Market (by End User), Value
Figure 107: Asia-Pacific and Japan Market (by Source), Volume
Figure 108: Asia-Pacific and Japan Market (by Source), Value
Figure 109: Asia-Pacific and Japan Market (by Processing Technology), Volume
Figure 110: Asia-Pacific and Japan Market (by Processing Technology), Value
Figure 111: Japan Lignofuels Market, $Million, 2022-2032
Figure 112: Japan Market (by End User), Volume
Figure 113: Japan Market (by End User), Value
Figure 114: Japan Market (by Source), Volume
Figure 115: Japan Market (by Source), Value
Figure 116: Japan Market (by Processing Technology), Volume
Figure 117: Japan Market (by Processing Technology), Value
Figure 118: India Lignofuels Market, $Million, 2022-2032
Figure 119: India Market (by End User), Volume
Figure 120: India Market (by End User), Value
Figure 121: India Market (by Source), Volume
Figure 122: India Market (by Source), Value
Figure 123: India Market (by Processing Technology), Volume
Figure 124: India Market (by Processing Technology), Value
Figure 125: ASEAN Lignofuels Market, $Million, 2022-2032
Figure 126: ASEAN Market (by End User), Volume
Figure 127: ASEAN Market (by End User), Value
Figure 128: ASEAN Market (by Source), Volume
Figure 129: ASEAN Market (by Source), Value
Figure 130: ASEAN Market (by Processing Technology), Volume
Figure 131: ASEAN Market (by Processing Technology), Value
Figure 132: Rest-of-Asia-Pacific and Japan Lignofuels Market, $Million, 2022-2032
Figure 133: Rest-of-Asia-Pacific and Japan Market (by End User), Volume
Figure 134: Rest-of-Asia-Pacific and Japan Market (by End User), Value
Figure 135: Rest-of-Asia-Pacific and Japan Market (by Source), Volume
Figure 136: Rest-of-Asia-Pacific and Japan Market (by Source), Value
Figure 137: Rest-of-Asia-Pacific and Japan Market (by Processing Technology), Volume
Figure 138: Rest-of-Asia-Pacific and Japan Market (by Processing Technology), Value
Figure 139: Rest-of-the-World Lignofuels Market, $Million, 2022-2032
Figure 140: Rest-of-the-World Market (by End User), Volume
Figure 141: Rest-of-the-World Market (by End User), Value
Figure 142: Rest-of-the-World Market (by Source), Volume
Figure 143: Rest-of-the-World Market (by Source), Value
Figure 144: Rest-of-the-World Market (by Processing Technology), Volume
Figure 145: Rest-of-the-World Market (by Processing Technology), Value
Figure 146: Middle East and Africa Lignofuels Market, $Million, 2022-2032
Figure 147: Middle East and Africa Market (by End User), Volume
Figure 148: Middle East and Africa Market (by End User), Value
Figure 149: Middle East and Africa Market (by Source), Volume
Figure 150: Middle East and Africa Market (by Source), Value
Figure 151: Middle East and Africa Market (by Processing Technology), Volume
Figure 152: Middle East and Africa Market (by Processing Technology), Value
Figure 153: South America Lignofuels Market, $Million, 2022-2032
Figure 154: South America Market (by End User), Volume
Figure 155: South America Market (by End User), Value
Figure 156: South America Market (by Source), Volume
Figure 157: South America Market (by Source), Value
Figure 158: South America Market (by Processing Technology), Volume
Figure 159: South America Market (by Processing Technology), Value
Figure 160: Research Methodology
Figure 161: Top-Down and Bottom-Up Approach
Figure 162: Lignofuels Market: Influencing Factors
Figure 163: Assumptions and Limitations

List of Tables

Table 1: Key Product and Market Developments
Table 2: Key Mergers and Acquisitions, Partnerships, and Joint Ventures
Table 3: Average Global and Regional Level Pricing Analysis, Lignofuels, $/Liter, 2022-2032
Table 4: Global Lignofuels Market (by Region), Mn Liters, 2022-2032
Table 5: Global Lignofuels Market (by Region), $Million, 2022-2032
Table 6: Key funding details for cellulosic bio-ethanol (lignofuels)

Executive Summary

The global lignofuels market is estimated to reach $ 3.34 billion by 2032, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 7.75% during the forecast period 2023-2032.

Lignofuels, an increasingly promising alternative to conventional fossil fuels, are currently experiencing a notable surge in popularity due to a convergence of factors. These factors encompass environmental concerns, technological advancements, and supportive government policies and initiatives.

USP of the Report

Extensive competitive benchmarking of 15 key players to offer a holistic view of the lignofuels market landscape

Market segregation based on source, processing technology, and end user

Key developments in the end-user industry
Supply chain analysis
Pricing analysis
Product benchmarking
Snapshot of transportation grade bio-ethanol market
Cost break-up of lignofuels (cellulosic ethanol) plant
Investment landscape, including product adoption scenario and patent analysis

Analyst Perspective

According to Sachin Singh, Lead Analyst, 'Lignofuels, also called 2G ethanol or cellulosic ethanol, is gaining traction in the aerospace industry owing to its increased consumption in sustainable aviation fuel (SAF). The lignofuels market is expected to grow at a higher rate with decreasing costs. Currently, the production cost of lignofuels is high as compared to ethanol or first-generation ethanol; however, the cost is expected to go down with its increasing technological advancements.'

Key Companies Operating in The Market

Key players in the lignofuels market analyzed and profiled in the study involve lignofuels manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the lignofuels market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

The key players profiled in the report include New Energy Blue, LLC, Enerkem, Praj Industries, Raizen, Gevo, Inc., Clariant AG, LanzaTech Global, Granbio, Aemetis, Inc., Lessaffre, Ensyn Corporation, Red Rock Biofuels LLC, BlueFire Renewables, American Process, and Axens

Key Questions Answered in the Report

What are the steps taken by the existing players to improve/maintain their market positioning, and what are some of the key strategies adopted by new players entering this market space?
What are the major challenges faced by the lignofuels industry? What are the steps taken by manufacturers/governments to overcome these challenges?
Which are the key companies in the lignofuels ecosystem? What are their market shares?
How does the supply chain function in the global lignofuels market?
What is the techno-commercial impact of lignofuels on the overall biofuels market?
What is the capital cost of investment in lignofuels manufacturing plants?
How is the cost of lignofuels determined? What are the factors impacting the cost of lignofuels?
What is the current scenario of lignofuels and their futuristic potential?

Companies Mentioned

New Energy Blue, LLC
Enerkem
Praj Industries
Raizen
Gevo, Inc.
Clariant AG
LanzaTech Global
Granbio
Aemetis, Inc.
Lessaffre
Ensyn Corporation
Red Rock Biofuels LLC
BlueFire Renewables
American Process
Axens

Table Information

Report Attribute	Details
No. of Pages	202
Published	November 2023
Forecast Period	2023 - 2032
Estimated Market Value ( USD ) in 2023	$ 1.7 Billion
Forecasted Market Value ( USD ) by 2032	$ 3.34 Billion
Compound Annual Growth Rate	7.7%
Regions Covered	Global
No. of Companies Mentioned	15

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