Dublin, Aug. 15, 2024 (GLOBE NEWSWIRE) — The “European Marine Biofuels Market: Analysis and Forecast Focused on End-User, Fuel, Feedstock, Form and Country, 2023-2033” report has been added to ResearchAndMarkets.com's offering.
The European marine biofuels market is valued at $1.41 billion in 2023 and is expected to reach $4.51 billion in 2033, growing at a CAGR of 12.28% from 2023 to 2033. The marine biofuels market is expected to grow significantly, owing to the increasing demand for bio-based sustainable fuels for clean marine transportation.
The European marine biofuel market is expanding rapidly, driven by the growing demand for sustainable and environmentally friendly alternative fuels in the marine industry. With stringent environmental regulations and a strong commitment to reducing greenhouse gas emissions, European countries are turning to marine biofuels as a viable solution to achieve their sustainability goals. Biofuels, made from organic materials such as vegetable oils, waste oils and algae, are a renewable, low-emission alternative to traditional marine fuels.
Several European countries, including the Netherlands, Denmark and Norway, are leading the adoption and promotion of marine biofuels. These countries are investing heavily in research and development to improve biofuel production technologies and increase fuel efficiency and performance in marine applications. Collaboration between governments, research institutes and private companies is also facilitating the advancement of biofuel infrastructure and supply chains.
International Maritime Organization (IMO) regulations, such as the 2020 sulphur cap, are accelerating the transition to cleaner fuels. Marine biofuels not only help comply with these regulations but also contribute to reducing carbon emissions across the shipping industry. As a result, the European marine biofuels market is expected to continue to grow and play a key role in the region's transition to a more sustainable and resilient shipping sector.
What value can this report add to your organization?
Competitive Strategies: A detailed competitive benchmarking of the players operating in the Europe Marine Biofuels market has been conducted to help readers understand the competitive landscape among the players and present a clear market picture. In addition, a comprehensive competitive strategy including partnerships, agreements, collaborations, etc. helps readers understand the untapped revenue streams of the market.
Overview of Key Market Players and Competition: The companies profiled have been selected based on information collected from leading experts and an analysis of the company's scope, product portfolio, and market penetration.
Key attributes:
Report AttributesDetailsNumber of Pages101Forecast Period2023 – 2033Estimated Market Value in 2023 (USD)$1,417.6 MillionForecasted Market Value through 2033 (USD)$4,515.9 MillionCAGR12.2%Target RegionEurope
Industry Outlook
Market Trends Overview
Market DriversMarket RestraintsMarket Opportunities
Trends: Current and Future Impact Assessment
Expanding the diversity of feedstocks and technologies for biofuel production; Increasing adoption of advanced biofuel technologies; Favorable government policies to support biofuel production.
Supply Chain Overview
Value Chain Analysis Market Map Price Forecast
R&D Review
Patent application trends by country and company
Regulatory Status
Stakeholder Analysis
Use CasesEnd-Users and Purchase Criteria
Impact analysis of major world events – COVID-19, Russia/Ukraine, Middle East crisis
Overview of biofuel production technology
Company Profile
AP Moller – MaerskBP plcCepsaGoodFuelsNesteTotalEnergiesUniper SEUPM Company ProfileMajor Products/Product PortfolioMajor CompetitorsTarget Customers/End UsersKey PlayersMarket ShareAnalyst Views
Market Segmentation
End users
Passenger, cargo, military, etc.
fuel
FAME Hydroprocessing Vegetable oil Bio-LNG Others (ethanol, butanol, etc.)
Raw materials
shape
country
Germany France Italy Denmark UK Other Europe
Some of the prominent companies in this market include:
AP Moller – MaerskBP plcCepsaGoodFuelsNesteTotalEnergies SEUniper SE
For more information on this report, please visit: https://www.researchandmarkets.com/r/7c6jmb
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European Marine Biofuel Market
