Published Year: 2024
Marine Biofuel Market - A Global and Regional Analysis, 2023-2033
The marine biofuel market was valued at $3,998.8 million in 2023 and is expected to reach...
Market Research Report
A quick peek into the report
Table of Contents
1.1 Trends: Current and Future Impact Assessment
1.1.1 Expanding the variety of feedstocks and technologies for biofuel production
1.1.2 Rising uptake of advanced biofuel technologies
1.1.3 Favorable government policies supporting biofuel production
1.2 Supply Chain Overview
1.2.1 Value chain Analysis
1.2.2 Market Map
1.2.3 Pricing Forecast
1.3 R&D Review
1.3.1 Patent Filing Trend by Country, by Company
1.4 Regulatory Landscape
1.5 Stakeholder Analysis
1.5.1 Use Case
1.5.2 End User and buying criteria
1.6 Impact analysis for key global events- covid19, Russia/Ukraine or Middle East crisis
1.7 Overview of biofuel production technologies
1.8 Market Dynamics Overview
1.8.1 Market Drivers
1.8.2 Market Restraints
1.8.3 Market Opportunities
2.1 Regional Summary
Table: Marine Biofuel Market, By Region, (Kilo Tons), 2022-2033
Table: Marine Biofuel Market, By Region, ($ Million), 2022-2033
2.2 Europe
2.2.1 Regional Overview
2.2.2 Business Drivers
2.2.3 Business Challenges
2.2.4 Application
Table: Europe Marine Biofuel Market, By End Users (Kilo Tons), 2022-2033
Table: Europe Marine Biofuel Market, By End Users ($ Million), 2022-2033
2.2.5 Product
Table: Europe Marine Biofuel Market, By Fuel (Kilo Tons), 2022-2033
Table: Europe Marine Biofuel Market, By Fuel ($ Million), 2022-2033
Table: Europe Marine Biofuel Market, By Feedstock (Kilo Tons), 2022-2033
Table: Europe Marine Biofuel Market, By Feedstock ($ Million), 2022-2033
Table: Europe Marine Biofuel Market, By Form (Kilo Tons), 2022-2033
Table: Europe Marine Biofuel Market, By Form ($ Million), 2022-2033
2.2.6 Europe Marine Biofuel Market (by Country)
2.2.6.1 Germany
Table: Germany Marine Biofuel Market, By End Users (Kilo Tons), 2022-2033
Table: Germany Marine Biofuel Market, By End Users ($ Million), 2022-2033
Table: Germany Marine Biofuel Market, By Fuel (Kilo Tons), 2022-2033
Table: Germany Marine Biofuel Market, By Fuel ($ Million), 2022-2033
Table: Germany Marine Biofuel Market, By Feedstock (Kilo Tons), 2022-2033
Table: Germany Marine Biofuel Market, By Feedstock ($ Million), 2022-2033
Table: Germany Marine Biofuel Market, By Form (Kilo Tons), 2022-2033
Table: Germany Marine Biofuel Market, By Form ($ Million), 2022-2033
2.2.6.2 France
Table: France Marine Biofuel Market, By End Users (Kilo Tons), 2022-2033
Table: France Marine Biofuel Market, By End Users ($ Million), 2022-2033
Table: France Marine Biofuel Market, By Fuel (Kilo Tons), 2022-2033
Table: France Marine Biofuel Market, By Fuel ($ Million), 2022-2033
Table: France Marine Biofuel Market, By Feedstock (Kilo Tons), 2022-2033
Table: France Marine Biofuel Market, By Feedstock ($ Million), 2022-2033
Table: France Marine Biofuel Market, By Form (Kilo Tons), 2022-2033
Table: France Marine Biofuel Market, By Form ($ Million), 2022-2033
2.2.6.3 Italy
Table: Italy Marine Biofuel Market, By End Users (Kilo Tons), 2022-2033
Table: Italy Marine Biofuel Market, By End Users ($ Million), 2022-2033
Table: Italy Marine Biofuel Market, By Fuel (Kilo Tons), 2022-2033
Table: Italy Marine Biofuel Market, By Fuel ($ Million), 2022-2033
Table: Italy Marine Biofuel Market, By Feedstock (Kilo Tons), 2022-2033
Table: Italy Marine Biofuel Market, By Feedstock ($ Million), 2022-2033
Table: Italy Marine Biofuel Market, By Form (Kilo Tons), 2022-2033
Table: Italy Marine Biofuel Market, By Form ($ Million), 2022-2033
2.2.6.4 Denmark
Table: Denmark Marine Biofuel Market, By End Users (Kilo Tons), 2022-2033
Table: Denmark Marine Biofuel Market, By End Users ($ Million), 2022-2033
Table: Denmark Marine Biofuel Market, By Fuel (Kilo Tons), 2022-2033
Table: Denmark Marine Biofuel Market, By Fuel ($ Million), 2022-2033
Table: Denmark Marine Biofuel Market, By Feedstock (Kilo Tons), 2022-2033
Table: Denmark Marine Biofuel Market, By Feedstock ($ Million), 2022-2033
Table: Denmark Marine Biofuel Market, By Form (Kilo Tons), 2022-2033
Table: Denmark Marine Biofuel Market, By Form ($ Million), 2022-2033
2.2.6.5 U.K.
Table: U.K. Marine Biofuel Market, By End Users (Kilo Tons), 2022-2033
Table: U.K. Marine Biofuel Market, By End Users ($ Million), 2022-2033
Table: U.K. Marine Biofuel Market, By Fuel (Kilo Tons), 2022-2033
Table: U.K. Marine Biofuel Market, By Fuel ($ Million), 2022-2033
Table: U.K. Marine Biofuel Market, By Feedstock (Kilo Tons), 2022-2033
Table: U.K. Marine Biofuel Market, By Feedstock ($ Million), 2022-2033
Table: U.K. Marine Biofuel Market, By Form (Kilo Tons), 2022-2033
Table: U.K. Marine Biofuel Market, By Form ($ Million), 2022-2033
2.2.6.6 Rest-of-Europe
Table: Rest-of-Europe Marine Biofuel Market, By End Users (Kilo Tons), 2022-2033
Table: Rest-of-Europe Marine Biofuel Market, By End Users ($ Million), 2022-2033
Table: Rest-of-Europe Marine Biofuel Market, By Fuel (Kilo Tons), 2022-2033
Table: Rest-of-Europe Marine Biofuel Market, By Fuel ($ Million), 2022-2033
Table: Rest-of-Europe Marine Biofuel Market, By Feedstock (Kilo Tons), 2022-2033
Table: Rest-of-Europe Marine Biofuel Market, By Feedstock ($ Million), 2022-2033
Table: Rest-of-Europe Marine Biofuel Market, By Form (Kilo Tons), 2022-2033
Table: Rest-of-Europe Marine Biofuel Market, By Form ($ Million), 2022-2033
3.1 Competitive Landscape
3.2 Company Profile
3.2.2 A.P. Moller - Maersk
3.2.2.1 Company Overview
3.2.2.2 Top Products / Product Portfolio
3.2.2.3 Top Competitors
3.2.2.4 Target Customers /End-Users
3.2.2.5 Key Personnel
3.2.2.6 Market Share
3.2.2.7 Analyst View
3.2.3 BP plc
3.2.3.1 Company Overview
3.2.3.2 Top Products / Product Portfolio
3.2.3.3 Top Competitors
3.2.3.4 Target Customers /End-Users
3.2.3.5 Key Personnel
3.2.3.6 Market Share
3.2.3.7 Analyst View
3.2.4 Cepsa
3.2.4.1 Company Overview
3.2.4.2 Top Products / Product Portfolio
3.2.4.3 Top Competitors
3.2.4.4 Target Customers /End-Users
3.2.4.5 Key Personnel
3.2.4.6 Market Share
3.2.4.7 Analyst View
3.2.5 GoodFuels
3.2.5.1 Company Overview
3.2.5.2 Top Products / Product Portfolio
3.2.5.3 Top Competitors
3.2.5.4 Target Customers /End-Users
3.2.5.5 Key Personnel
3.2.5.6 Market Share
3.2.5.7 Analyst View
3.2.6 Neste
3.2.6.1 Company Overview
3.2.6.2 Top Products / Product Portfolio
3.2.6.3 Top Competitors
3.2.6.4 Target Customers /End-Users
3.2.6.5 Key Personnel
3.2.6.6 Market Share
3.2.6.7 Analyst View
3.2.7 TotalEnergies
3.2.7.1 Company Overview
3.2.7.2 Top Products / Product Portfolio
3.2.7.3 Top Competitors
3.2.7.4 Target Customers /End-Users
3.2.7.5 Key Personnel
3.2.7.6 Market Share
3.2.7.7 Analyst View
3.2.8 Uniper SE
3.2.8.1 Company Overview
3.2.8.2 Top Products / Product Portfolio
3.2.8.3 Top Competitors
3.2.8.4 Target Customers /End-Users
3.2.8.5 Key Personnel
3.2.8.6 Market Share
3.2.8.7 Analyst View
3.2.9 UPM
3.2.9.1 Company Overview
3.2.9.2 Top Products / Product Portfolio
3.2.9.3 Top Competitors
3.2.9.4 Target Customers /End-Users
3.2.9.5 Key Personnel
3.2.9.6 Market Share
3.2.9.7 Analyst View
3.3 Other Key Market Participants
Growth Opportunities & Recommendations
Research Methodology
Europe Marine Biofuel Market Report Coverage
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Europe Marine Biofuel Market |
|||
|
Base Year |
2022 |
Market Size in 2023 |
$1,417.6 Million |
|
Forecast Period |
2023-2033 |
Value Projection and Estimation by 2033 |
$4,515.9 Million |
|
CAGR During Forecast Period |
12.28% |
|
|
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.
Some of the prominent companies in this market are:
• A.P. Moller - Maersk
• BP plc
• Cepsa
• GoodFuels
• Neste
• TotalEnergies SE
• Uniper SE
How can this report add value to an organization?
Competitive Strategy: A detailed competitive benchmarking of the players operating in the Europe marine biofuel 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, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Introduction to Europe Marine Biofuel Market
The Europe marine biofuel market was valued at $1,417.6 million in 2023 and is expected to reach $4,515.9 million by 2033 at a CAGR of 12.28% from 2023 to 2033. The marine biofuel market is expected to grow significantly due to rising demand for bio-based sustainable fuels for clean marine transportation.
Market Introduction
The European marine biofuel market is expanding rapidly, driven by rising demand for sustainable and environmentally friendly fuel alternatives in the maritime industry. With strict environmental regulations and a strong commitment to reducing greenhouse gas emissions, European countries are turning to marine biofuels as a viable solution to meet their sustainability objectives. Biofuels, made from organic materials like plant oils, waste oils, and algae, are a renewable and low-emission alternative to traditional marine fuels.
Several European countries, including the Netherlands, Denmark, and Norway, are leading the way in implementing and promoting marine biofuels. These countries are making significant investments in research and development to improve biofuel production technologies and improve fuel efficiency and performance in maritime applications. Collaboration among governments, research institutions, and private companies are also driving advancements in biofuel infrastructure and supply chains.
The International Maritime Organization's (IMO) regulations, such as the 2020 sulfur cap, have accelerated the transition to cleaner fuels. Marine biofuels not only help to comply with these regulations, but they also contribute to lowering the shipping industry's overall carbon footprint. As a result, the European marine biofuel market is expected to continue growing, playing an important role in the region's transition to a more sustainable and resilient maritime sector.
Market Segmentation
Segmentation 1: by End User
• Passenger
• Cargo
• Military
• Others
Segmentation 2: by Fuel
• FAME
• Hydrotreated Vegetable Oil
• Bio-LNG
• Others (Ethanol and Butanol, among others)
Segmentation 3: by Feedstock
• Oil Crops
• Biomass
• Others
Segmentation 4: by Form
• Liquid
• Gas
Segmentation 5: by Country
• Germany
• France
• Italy
• Denmark
• U.K.
• Rest-of-Europe
Europe Marine Biofuel Market
Focus on End User, Fuel, Feedstock, Form, and Country - Analysis and Forecast, 2023-2033
Some Faq's
Frequently Asked Questions
The Europe marine biofuel market was valued at $1,417.6 million in 2023 and is expected to reach $4,515.9 million by 2033 at a CAGR of 12.28% from 2023 to 2033.
The future of biofuels is promising, with advancements in technology improving efficiency and reducing costs. As global focus on sustainability grows, biofuels are expected to play a crucial role in reducing greenhouse gas emissions, especially in transportation and industry, supporting the transition to a more sustainable energy landscape.
Marine biofuels reduce greenhouse gas emissions and pollutants, helping meet environmental regulations like the IMO 2020 sulfur cap. Derived from renewable sources, they lower the carbon footprint of the shipping industry and support sustainability by utilizing waste and residual materials.
This report on the marine biofuel market is valuable for a range of stakeholders, including maritime industry participants, biofuel manufacturers, investors, policymakers, and environmental organizations.
The following can be termed as some of the USPs of the report:
• Extensive competitive benchmarking of the key players to offer a holistic view of the Europe marine biofuel market landscape
• Market segregation based on form, feedstock type, fuel type, and end user
• Comparison between marine biofuel and other sustainable fuels
• Analysis of future raw materials for marine biofuels
• Supply and demand analysis for marine biofuels
• Production capacity analysis
• Investment landscape, including product adoption scenario and patent analysis
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