Market Overview:
The global bio-LPG market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for alternative fuels and rising environmental concerns. Bio-LPG is a cleaner and more efficient fuel as compared to traditional LPG, which is expected to drive its demand in the coming years. The bio-oil segment is projected to be the fastest growing segment during the forecast period, owing to its high calorific value and low emissions. The Asia Pacific region is estimated to account for the largest share of the global bio-LPG market in 2018, followed by Europe and North America.
Product Definition:
Bio LPG is a fuel that is made from biomass. It can be used to power vehicles and heat homes. Bio LPG is important because it reduces greenhouse gas emissions and helps to reduce dependence on fossil fuels.
Bio-oil:
Bio-oil is a liquid byproduct of the biological processes used in the production of Liquid Petroleum Gas (LPG). It is primarily formed from vegetable oils, animal fats, and recycled waste. The primary sources for bio-oil are oil crops grown in sunlight and secondarily from recycled waste. Bio-oils find their application as fuel for internal combustion engines or generators which are further used to produce electricity.
Sugar:
Sugar is a carbohydrate that is found in beets, carrots, and other vegetables. It plays an important role in the human food cycle as it provides necessary nutrients to humans and animals. The most commonly used form of sugar in bio-lPG production is white or granulated sugar.
Is there any difference between Fructose Syrup.
In bio lPG terms, both are forms of monosaccharides (single saccharide).
Application Insights:
The aircraft segment led the global bio LPG market in 2017 and is projected to maintain its dominance over the forecast period. The growing demand for fuel from commercial aviation companies, such as Air India, Ltd.; Singapore Airlines; and Malaysia Airlines is expected to drive the growth of this segment. Bio-jet fuel has lower sulfur content than other conventional fuels which reduces pollution caused due to nitrous oxides (NOx).
Truck was the second largest application of biofuel in 2017. Growing penetration of flex-fuel vehicles across various regions coupled with rising awareness regarding environment protection is anticipated to propel its demand over next eight years. Government initiatives are also aimed at increasing adoption rate of ecofriendly trucks which will further boost industry expansion during this period.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from countries, such as India, China, Japan and South Korea. These countries are among the major consumers of liquefied petroleum gas across the globe owing to growing industrialization along with rapid urbanization.
The Asia Pacific has been witnessing a significant rise in automotive production for instance; China produced 21 million vehicles in 2016 which increased by 7% compared to 2015. This trend is projected to continue over the forecast period thereby driving product consumption across various applications including aircraft engines and automobile fuel systems among others.
Europe emerged as one of the prominent markets for LPG globally due high consumption from several countries including Germany, France Italy Russia Spain U-K.
Growth Factors:
- Increasing demand for Bio LPG as a cleaner and more environmentally friendly fuel alternative to traditional fossil fuels such as petrol and diesel.
- Rapid growth in the number of vehicles using Bio LPG as a fuel, due to its lower emissions and environmental benefits over traditional fuels.
- Growing demand for Bio LPG from the transport sector, particularly from the bus and trucking industries.
- Increasing use of Bio LPG by municipalities and local governments for public transportation fleets, garbage trucks, etc., due to its low emissions profile and environmental benefits over other fuel types like diesel or gasoline engines 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Bio LPG Market Research Report
By Type
Bio-oil, Sugar, Others
By Application
Aircraft, Truck, Automobile, Others
By Companies
Neste, SHV Energy, Renewable Energy Group, Inc., AvantiGas, Diamond Green, Eni, Total, Irving Oil, Repsol, Preem AB
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Bio LPG Market Report Segments:
The global Bio LPG market is segmented on the basis of:
Types
Bio-oil, Sugar, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aircraft, Truck, Automobile, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Neste
- SHV Energy
- Renewable Energy Group, Inc.
- AvantiGas
- Diamond Green, Eni
- Total
- Irving Oil
- Repsol
- Preem AB
Highlights of The Bio LPG Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bio-oil
- Sugar
- Others
- By Application:
- Aircraft
- Truck
- Automobile
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bio LPG Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bio LPG is a natural gas that comes from agricultural waste. It is made by fermenting organic matter such as food scraps and manure in anaerobic conditions to produce biogas.
Some of the major companies in the bio lpg market are Neste, SHV Energy, Renewable Energy Group, Inc., AvantiGas, Diamond Green, Eni, Total, Irving Oil, Repsol, Preem AB.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bio LPG Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bio LPG Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bio LPG Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bio LPG Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bio LPG Market Size & Forecast, 2020-2028
4.5.1 Bio LPG Market Size and Y-o-Y Growth
4.5.2 Bio LPG Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Bio-oil
5.2.2 Sugar
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Aircraft
6.2.2 Truck
6.2.3 Automobile
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bio LPG Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bio LPG Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Bio-oil
9.6.2 Sugar
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Aircraft
9.10.2 Truck
9.10.3 Automobile
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Bio-oil
10.6.2 Sugar
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Aircraft
10.10.2 Truck
10.10.3 Automobile
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Bio-oil
11.6.2 Sugar
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Aircraft
11.10.2 Truck
11.10.3 Automobile
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Bio-oil
12.6.2 Sugar
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Aircraft
12.10.2 Truck
12.10.3 Automobile
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Bio-oil
13.6.2 Sugar
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Aircraft
13.10.2 Truck
13.10.3 Automobile
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bio LPG Market: Competitive Dashboard
14.2 Global Bio LPG Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Neste
14.3.2 SHV Energy
14.3.3 Renewable Energy Group, Inc.
14.3.4 AvantiGas
14.3.5 Diamond Green, Eni
14.3.6 Total
14.3.7 Irving Oil
14.3.8 Repsol
14.3.9 Preem AB
