Top 3 Trends Global Automotive Biofuels Market 2021: Technavio

Technavio has published a new report on the global automotive biofuels market from 2017-2021. (Graphic: Business Wire)

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LONDON--()--Technavio’s latest market research report on the global automotive biofuels market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

Neelam Barua, a lead analyst from Technavio, specializing in research on automotive manufacturing sector, says, “Stringent emission norms across the globe, need for reducing the dependency on petrol, and support from government and regulatory bodies for blended fuels are likely to remain the prominent factors driving the growth of the automotive biofuels market during the forecast period.”

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The top three emerging market trends driving the global automotive biofuels market according to Technavio automotive research analysts are:

  • Growth in commercialization of second-generation ethanol
  • Biofuel production to go green
  • Research on third-generation biofuel: algae fuel

Growth in commercialization of second-generation ethanol

Until early 2010, the production and use of the second-generation ethanol were limited only to the US. However, since then there has been considerable traction in research for producing second-generation ethanol. Brazil, which is the second largest producer of ethanol after the US, has been affirming that second-generation ethanol (sugarcane ethanol 2.0 or 2G) will be the key to addressing the flaws associated with the cultivation of sugarcane and expansion of the same for consumption in the automotive industry.

“Cellulosic ethanol is likely to reduce GHGs by 86% compared with gasoline production while its first-generation counterpart is likely to have reduced GHGs by up to 52%,” says Neelam.

Biofuel production to go green

Ethanol today, even though touted as a green alternative to fossil fuels, is not environment-friendly in the true sense. The process used to convert sugarcane or corn into ethanol involves a host of steps, including milling, cooking, liquefaction, fermentation, and distillation. It is quite poignant that these very processes to produce such a green fuel, consume electricity and energy produced from coal or petroleum, thereby ultimately nullifying the green in the 'green fuel' tag that ethanol still enjoys. However, investments in R&D are expected to lead to more viable options, which will help to decrease the carbon footprint in the production of ethanol biofuel.

Research on third-generation biofuel: algae fuel

Algae fuel is an emerging source of fuel that is being considered as a suitable alternative to liquid fossil fuels and biofuel sources such as corn and sugarcane. Sources indicate that there has been significant funding support to promote and make the production of algae commercially viable.

Furthermore, the debate on water scarcity and therefore its wastage when diverted for the cultivation of feedstock for production of ethanol can be better addressed by algae cultivation as algae can be produced using wastewater or saline water as well. Therefore, this type of biofuel energy has been claimed to have a better yield of fuel per unit area when compared with the previous generation biofuel sources.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio’s latest market research report on the global automotive biofuels market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com