Biofuel from Sugar Crops Market
Sugar is currently the most efficient raw materials for producing biofuels in the market. Ethanol, its derivative, reduces greenhouse gas emissions by up to 90% compared with conventional fuels. Additionally, it can also be used as a raw material for next-generation biofuels, such as sugarcane diesel and biobutanol. The growth of biofuel from sugar crops is stimulated by concerns about global emission level and energy security. Energy security concern often drives support policies for biofuels. More recently, plan to reduce CO2 emissions in the transport sector has become an essential driver for biofuel development, particularly in OECD countries.
Policies Supporting Biofuel Consumption in Aviation Sector
Policies have been the key factors in the development of road-transportation biofuels, such as in the US, Brazil, and the EU. At the international level, the ICAO in 2016, after years of debate and planning, has agreed on a new global market-based measure (GMBM), with a goal of implementing these measures by 2020. Such market-based mechanisms are expected to provide the basis to set a price on emissions, as the primary means for emission reduction at the regional and national levels. GMBMs have been suggested as a way to bridge the time gap, by limiting carbon emissions while bio-jet fuels and other technologies are developed and hence driving the market in the long run.
Aviation Sector to Register Significant Growth Rate in Biofuel from Sugar Crops Market
In February 2017, the ICAO (International Civil Aviation Organization) adopted a global CO2 certification standard for new aircrafts, which limits the CO2 emissions in relation to size and weight of the aircraft, which is expected to come into effect by 2020. To cut CO2 emissions by half by 2050 relative to 2005 levels and to achieve the goal of carbon-neutral growth from 2020, the industry will initiate the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) in 2021. More than 100,000 commercial flights have already successfully flown on biofuels blends, and several major airlines have committed to long-term biofuel purchase agreement. The IATA (International Air Transport Association) has also set a goal of reaching 1 billion passengers on flights fuelled by sustainable aviation biofuels by 2025. To achieve the goal increase in the production of aviation biofuels and lower costs premiums over fossil jet kerosene are essential.
Brazil is one of the Largest Biofuel from Sugar Crops Market
Biofuels produced from sugarcane in Brazil results in over 70% fewer emissions than petrol. Even when indirect land use change (ILUC) factors are included, Brazilian sugarcane ethanol is at least 55% cleaner than petrol. The production and consumption in the country are mainly driven by clean energy policies such as RenovaBio Program aiming to create a regulatory framework to revitalize the biofuels sector, ethanol use mandate, which remains at 27% (E27) since March 16, 2015, and tax incentives for ethanol-flex fuel vehicles. Almost 60% of the cars in 2016 were flex-fuel based (running on both gasoline and ethanol), surpassing 35 million vehicles. Also, the National Bank for Social and Economic Development (BNDES) provides specific credit lines for the sugar, ethanol, and bioenergy industries to fund investments on sugarcane production, expansion of industrial capacity for sugar and ethanol, cogeneration, logistics, and multimodal transportation and hence driving the market.
Biofuel from Sugar Crops Market Major Players
- Royal Dutch Shell Plc
- Wilmar International Limited
- POET LLC
- Archer Daniels Midland Company
- VERBIO Vereinigte BioEnergie AG
- CropEnergies AG
- Woodland Biofuels Inc.
- Pacific Ethanol, Inc.
- Greenfield Global, Inc.
- AURORA COOPERATIVE, INC.
Reasons to Purchase Biofuel from Sugar Crops Market Report
- Current and future biofuel from sugar crops market outlook in the developed and emerging markets
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The segment that is expected to dominate the market
- Regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, and strategies employed by the major market players.
- 3 months analyst support along with the Market Estimate sheet (in excel).
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1. Executive Summary
2. Research Methodology
2.1 Scope of Study
2.2 Market Definition
2.3 Study Assumptions
2.4 Study Deliverables
2.5 Research Phases
3. Biofuel from Sugar Crops Market Overview
3.2 Market Size and Demand Forecast until 2023
3.3 Global Sugar Crops Production in ton, 2010-2017
3.4 Historic and Forecast Biofuel Production in Mtoe until 2023
3.5 Production of Advanced Biofuels in Mtoe until 2023
3.6 Government Regulations and Policies
3.7 Recent Trends and Developments
4. Market Dynamics
4.1 Biofuel from Sugar Crops Market Drivers
4.2 Biofuel from Sugar Crops Market Restraints
4.3 Biofuel from Sugar Crops Market Opportunities
5. Biofuel from Sugar Crops Market Supply Chain Analysis
6. Industry Attractiveness - Porter's Five Force Analysis
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitute Product and Services
6.5 Intensity of Competitive Rivalry
7. Market Segmentation and Analysis (Overview, Market Size and Demand Forecast until 2023)
7.1 Biofuel from Sugar Crops Market By Pathways
7.1.1 Catalytic Upgrading
7.2 Biofuel from Sugar Crops Market By Application
7.2.3 Road Transportation
7.2.4 Power Sector
8. Regional Market Analysis (Overview, Market Size and Demand Forecast until 2023)
8.1 North America Biofuel from Sugar Crops Market
8.2 Europe Biofuel from Sugar Crops Market
8.3 South America Biofuel from Sugar Crops Market
8.4 Asia-Pacific Biofuel from Sugar Crops Market
8.5 Middle-East and Africa Biofuel from Sugar Crops Market
9. Key Company Analysis (Overview, Products & Services, Financials**, Recent Developments, and Analyst View)
9.1 Royal Dutch Shell Plc
9.2 Wilmar International Limited
9.3 POET LLC
9.4 Archer Daniels Midland Company
9.5 VERBIO Vereinigte BioEnergie AG
9.6 CropEnergies AG
9.7 Woodland Biofuels Inc.
9.8 Pacific Ethanol, Inc.
9.9 Greenfield Global, Inc.
9.10 AURORA COOPERATIVE, INC.
*List not Exhaustive
10. Biofuel from Sugar Crops Market Competitive Landscape
10.1 Mergers and Acquisitions, Joint Ventures Collaborations and Agreements
10.2 Strategies Adopted by Key Players
**Subject to availability on public domain