Published Year: 2023
Bio-LNG Market - A Global and Regional Analysis: Focus on Application, Source, and Region - Analysis
The global bio-LNG market was valued at $618.4 million in 2022 and is anticipated to reach...
Market Research Report
A quick peek into the report
Table of Contents
1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Favorable Government Policies Supporting Bio-LNG Production
1.1.1.2 Rise in Fossil Fuel-Based Alternative Price
1.1.2 Supply Chain Analysis
1.1.3 Ecosystem/Ongoing Programs
1.1.3.1 Consortiums and Associations
1.1.3.2 Regulatory Bodies
1.1.3.3 Programs by Research Institutions and Universities
1.1.4 Impact of COVID-19 on the Bio-LNG Market
1.1.5 Impact of Russia-Ukraine Conflict on Bio-LNG Market
1.1.6 Comparative Analysis of Bio-LNG and its Substitutes
1.1.7 Snapshot of Green Methanol Market
1.1.7.1 Leading Countries in the Green Methanol Market
1.1.7.2 Leading Companies in Green Methanol Market
1.1.7.3 Green Methanol Projections
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Rising Environmental Concerns
1.2.1.2 Increasing Number of LNG Trucks
1.2.2 Business Challenges
1.2.2.1 Limited Availability of Feedstocks
1.2.2.2 High Price of Bio-LNG as Compared to LNG
1.2.3 Business Strategies
1.2.3.1 Product Developments
1.2.3.2 Market Developments
1.2.4 Corporate Strategies
1.2.4.1 Mergers and Acquisitions
1.2.4.2 Partnerships and Joint Ventures
1.2.5 Business Opportunities
1.2.5.1 Increase in Demand from Shipping Industry
1.2.5.2 Technological Advancement
1.3 Start-Up Landscape
1.3.1 Key Start-Ups in the Ecosystem
2.1 China
2.1.1 Market
2.1.1.1 Buyer Attributes
2.1.1.2 Key Producers and Suppliers in China
2.1.1.3 Regulatory Landscape
2.1.1.4 Business Drivers
2.1.1.5 Business Challenges
2.1.2 Application
2.1.2.1 China Bio-LNG Market (by Application), Volume and Value Data
2.1.3 Product
2.1.3.1 China Bio-LNG Market (by Source), Volume and Value Data
2.2 Asia-Pacific and Japan
2.2.1 Markets
2.2.1.1 Key Producers/Suppliers in Asia-Pacific and Japan
2.2.1.2 Business Drivers
2.2.1.3 Business Challenges
2.2.2 Application
2.2.2.1 Asia-Pacific and Japan Bio-LNG Market (by Application), Volume and Value Data
2.2.3 Product
2.2.3.1 Asia-Pacific and Japan Bio-LNG Market (by Source), Volume and Value Data
2.2.4 Asia-Pacific and Japan (by Country)
2.2.4.1 Japan
2.2.4.1.1 Market
2.2.4.1.1.1 Buyer Attributes
2.2.4.1.1.2 Key Producers and Suppliers in Japan
2.2.4.1.1.3 Regulatory Landscape
2.2.4.1.1.4 Business Drivers
2.2.4.1.1.5 Business Challenges
2.2.4.1.2 Application
2.2.4.1.2.1 Japan Bio-LNG Market (by Application), Volume and Value Data
2.2.4.1.3 Product
2.2.4.1.3.1 Japan Bio-LNG Market (by Source), Volume and Value Data
2.2.4.2 South Korea
2.2.4.2.1 Market
2.2.4.2.1.1 Buyer Attributes
2.2.4.2.1.2 Key Producers and Suppliers in South Korea
2.2.4.2.1.3 Regulatory Landscape
2.2.4.2.1.4 Business Drivers
2.2.4.2.1.5 Business Challenges
2.2.4.2.2 Application
2.2.4.2.2.1 South Korea Bio-LNG Market (by Application), Volume and Value Data
2.2.4.2.3 Product
2.2.4.2.3.1 South Korea Bio-LNG Market (by Source), Volume and Value Data
2.2.4.3 India
2.2.4.3.1 Markets
2.2.4.3.1.1 Buyer Attributes
2.2.4.3.1.2 Key Producers/ Suppliers in India
2.2.4.3.1.3 Regulatory Landscape
2.2.4.3.1.4 Business Drivers
2.2.4.3.1.5 Business Challenges
2.2.4.3.2 Application
2.2.4.3.2.1 India Bio-LNG Market (by Application), Volume and Value Data
2.2.4.3.3 Product
2.2.4.3.3.1 India Bio-LNG Market (by Source), Volume and Value Data
2.2.4.4 Australia
2.2.4.4.1 Markets
2.2.4.4.1.1 Buyer Attributes
2.2.4.4.1.2 Key Producers/ Suppliers in Australia
2.2.4.4.1.3 Regulatory Landscape
2.2.4.4.1.4 Business Drivers
2.2.4.4.1.5 Business Challenges
2.2.4.4.2 Application
2.2.4.4.2.1 Australia Bio-LNG Market (by Application), Volume and Value Data
2.2.4.4.3 Product
2.2.4.4.3.1 Australia Bio-LNG Market (by Source), Volume and Value Data
2.2.4.5 Rest-of-Asia-Pacific and Japan
2.2.4.5.1 Markets
2.2.4.5.1.1 Buyer Attributes
2.2.4.5.1.2 Key Producers/ Suppliers in the Rest-of-Asia-Pacific and Japan
2.2.4.5.1.3 Business Drivers
2.2.4.5.1.4 Business Challenges
2.2.4.5.2 Application
2.2.4.5.2.1 Rest-of-Asia-Pacific and Japan Bio-LNG Market (by Application), Volume and Value Data
2.2.4.5.3 Product
2.2.4.5.3.1 Rest-of-Asia-Pacific and Japan Bio-LNG Market (by Source), Volume and Value Data
3.1 Competitive Benchmarking
3.1.1 Competitive Position Matrix
3.1.2 Product Matrix for Key Companies, By Source
3.1.3 Market Share Analysis of Key Companies, 2022
3.2 Company Profiles
3.2.1 BoxLNG Pvt. Ltd
3.2.1.1 Company Overview
3.2.1.2 Role of BoxLNG Pvt. Ltd in the Bio-LNG Market
3.2.1.3 Product Portfolio
3.2.1.4 Production Site
3.2.1.5 Corporate Strategies
3.2.1.5.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
3.2.1.6 Analyst View
3.2.2 Air Water Inc.
3.2.2.1 Company Overview
3.2.2.2 Role of Air Water Inc. in the Bio-LNG Market
3.2.2.3 Product Portfolio
3.2.2.4 Production Site
3.2.2.5 Business Strategies
3.2.2.5.1 Product Developments
3.2.2.6 Analyst View
Research Methodology
Table 1: List of Consortiums and Associations
Table 2: List of Regulatory Bodies
Table 3: List of Programs by Research Institutions and Universities
Table 4: Key Product Developments
Table 5: Key Market Developments
Table 6: Key Mergers and Acquisitions
Table 7: Key Partnerships and Joint Ventures
Table 8: Bio-LNG Market (by Region), Kilo Tons, 2022-2032
Table 9: Bio-LNG Market (by Region), $Million, 2022-2032
Table 10: China Bio-LNG Market (by Application), Kilo Tons, 2022-2032
Table 11: China Bio-LNG Market (by Application), $Million, 2022-2032
Table 12: China Bio-LNG Market (by Source), Kilo Tons, 2022-2032
Table 13: China Bio-LNG Market (by Source), $Million, 2022-2032
Table 14: Asia-Pacific and Japan Bio-LNG Market (by Application), Kilo Tons, 2022-2032
Table 15: Asia-Pacific and Japan Bio-LNG Market (by Application), $Million, 2022-2032
Table 16: Asia-Pacific and Japan Bio-LNG Market (by Source), Kilo Tons, 2022-2032
Table 17: Asia-Pacific and Japan Bio-LNG Market (by Source), $Million, 2022-2032
Table 18: Japan Bio-LNG Market (by Application), Kilo Tons, 2022-2032
Table 19: Japan Bio-LNG Market (by Application), $Million, 2022-2032
Table 20: Japan Bio-LNG Market (by Source), Kilo Tons, 2022-2032
Table 21: Japan Bio-LNG Market (by Source), $Million, 2022-2032
Table 22: South Korea Bio-LNG Market (by Application), Kilo Tons, 2022-2032
Table 23: South Korea Bio-LNG Market (by Application), $Million, 2022-2032
Table 24: South Korea Bio-LNG Market (by Source), Kilo Tons, 2022-2032
Table 25: South Korea Bio-LNG Market (by Source), $Million, 2022-2032
Table 26: India Bio-LNG Market (by Application), Kilo Tons, 2022-2032
Table 27: India Bio-LNG Market (by Application), $Million, 2022-2032
Table 28: India Bio-LNG Market (by Source), Kilo Tons, 2022-2032
Table 29: India Bio-LNG Market (by Source), $Million, 2022-2032
Table 30: Australia Bio-LNG Market (by Application), Kilo Tons, 2022-2032
Table 31: Australia Bio-LNG Market (by Application), $Million, 2022-2032
Table 32: Australia Bio-LNG Market (by Source), Kilo Tons, 2022-2032
Table 33: Australia Bio-LNG Market (by Source), $Million, 2022-2032
Table 34: Rest-of-Asia-Pacific and Japan Bio-LNG Market (by Application), Kilo Tons, 2022-2032
Table 35: Rest-of-Asia-Pacific and Japan Bio-LNG Market (by Application), $Million, 2022-2032
Table 36: Rest-of-Asia-Pacific and Japan Bio-LNG Market (by Source), Kilo Tons, 2022-2032
Table 37: Rest-of-Asia-Pacific and Japan Bio-LNG Market (by Source), $Million, 2022-2032
Table 38: Product Matrix for Key Companies, By Source
Table 39: Market Share of Key Companies, 2022
Figure 1: Asia-Pacific Bio-LNG Market, $Million, 2022, 2023, and 2032
Figure 2: Asia-Pacific Bio-LNG Market (by Application), $Million, 2022, 2032
Figure 3: Asia-Pacific Bio-LNG Market (by Source), $Million, 2022, 2032
Figure 4: Bio-LNG Market (by Region), $Million, 2022, 2032
Figure 5: Conventional Fuel Prices, 2020, 2021
Figure 6: Supply Chain Analysis of Bio-LNG Market
Figure 7: Green Methanol Market Snapshot
Figure 8: New Registrations of Medium and Heavy Trucks Over 3.5 Tons by Fuel Type in the EU in 2020
Figure 9: Research Methodology
Figure 10: Top-Down and Bottom-Up Approach
Figure 11: Bio-LNG Market Influencing Factors
Figure 12: Assumptions and Limitations
Asia-Pacific Bio-LNG Market Report Coverage
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Asia-Pacific Bio- LNG Market |
|||
|
Base Year |
2022 |
Market Size in 2023 |
$61.8 Million |
|
Forecast Period |
2023-2032 |
Value Projection and Estimation by 2032 |
$374.0 Million |
|
CAGR During Forecast Period |
22.1% |
|
|
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on thorough secondary research, which includes analyzing company coverage, product portfolio, market penetration, and insights gathered from primary experts.
Some prominent names established in this market are:
• BoxLNG Pvt. Ltd
• Air Water Inc
How can this report add value to the organization ?
Product/Innovation Strategy: The product segment helps the reader to understand the different sources involved in producing bio-LNG. Moreover, the study provides the reader with a detailed understanding of the APAC bio-LNG market based on the application (automotive, ships, and others). Bio-LNG is gaining traction in different applications on the back of sustainability concerns and less nitrogen oxide emissions. They are also being used for controlling greenhouse gas (GHG) emissions.
Growth/Marketing Strategy: The APAC bio-LNG 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 product developments, business expansions, and acquisitions to strengthen their position in the APAC bio-LNG market.
Competitive Strategy: Key players in the APAC bio-LNG market analyzed and profiled in the study involve bio-LNG manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the APAC bio-LNG 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
Introduction to Asia-Pacific Bio-LNG Market
The Asia-Pacific bio-LNG market (excluding China) was valued at $61.8 million in 2023 and is anticipated to reach $374.0 million by 2032, witnessing a CAGR of 22.1% during the forecast period 2023-2032. The bio-LNG market is anticipated to expand significantly, fueled by increasing demand in sectors such as automotive and maritime. Furthermore, the automotive industry is forecasted to adopt bio-LNG more extensively, encouraged by government policies and incentives aimed at fostering its production and usage across various regions.
Market Introduction
The Asia-Pacific (APAC) region is experiencing a notable surge in the Bio-LNG market, driven by escalating demand for cleaner fuel alternatives in sectors like automotive, maritime, and industrial applications. Government initiatives promoting renewable energy sources and environmental sustainability further bolster this growth. Investments in infrastructure for Bio-LNG production and distribution are on the rise across APAC countries, facilitating market expansion. Moreover, technological advancements in biofuel production processes contribute to the market's momentum. With increasing concerns about carbon emissions and climate change, Bio-LNG emerges as a promising solution, offering reduced greenhouse gas emissions compared to conventional fuels. The APAC Bio-LNG market is poised for significant growth as industries and policymakers increasingly prioritize sustainable energy options to meet both economic and environmental objectives.
Market Segmentation:
Segmentation 1: by Application
• Automotive
• Ships
• Others
Segmentation 2: by Source
• Agriculture Residues
• Industrial Waste
• Household Waste
• Others
Segmentation 3: by Country
• Japan
• India
• South Korea
• Australia
• Rest-of-Asia-Pacific and Japan
Asia-Pacific Bio-LNG Market
Analysis and Forecast, 2023-2032
Some Faq's
Frequently Asked Questions
Bio-LNG is a sustainable and eco-friendly fuel sourced from biodegradable waste materials like agricultural, industrial, and household waste. It undergoes a conversion process to become biomethane, which is then liquefied to create bio-LNG. This biofuel shares similarities with traditional liquefied natural gas (LNG) and can be used as a greener alternative with reduced greenhouse gas emissions.
Bio-LNG offers several benefits over traditional fossil fuels. Firstly, it is a renewable energy source, derived from organic waste materials, making it more sustainable and environmentally friendly. Additionally, Bio-LNG produces lower greenhouse gas emissions compared to conventional fuels, contributing to mitigating climate change. Furthermore, it can be easily integrated into existing natural gas infrastructure and utilized across various sectors, including transportation, industry, and power generation.
Bio-LNG offers certain advantages over other renewable energy sources. Unlike solar or wind power, which are intermittent and dependent on weather conditions, Bio-LNG production can be more consistent and reliable. Additionally, Bio-LNG can be stored and transported easily, making it a versatile option for energy generation and transportation. Furthermore, Bio-LNG can complement other renewable energy sources by providing a reliable and dispatchable energy supply when needed, helping to stabilize the grid and enhance energy security.
Bio-LNG has diverse applications across various industries. In the transportation sector, it can be used as a cleaner alternative to diesel fuel in heavy-duty vehicles like trucks, buses, and trains, reducing emissions of particulate matter and nitrogen oxides. In the maritime industry, Bio-LNG can power ships and vessels, offering a low-emission fuel option to comply with increasingly stringent environmental regulations. Moreover, Bio-LNG can be utilized in industrial processes and power generation to reduce carbon emissions and enhance sustainability efforts.
The global bio-LNG market was valued at $618.4 million in 2022 and is anticipated to reach $3,607.2 million by 2032, witnessing a CAGR of 20.3% during the forecast period 2023-2032.
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