Biofuel Testing Market Status (2018-2022) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2023-2030
Report Description
The global Biofuel Testing market size was valued at USD 2,408.1 million in 2022, expanding at a CAGR of 7.2% from 2023-2030 to reach 3,900.8 Million USD in 2030.
Market Dynamics
Concern over the greenhouse gas emissions from fossil fuels and rising oil prices are two reasons why biofuels are becoming more popular. Biofuels give an alternative to fossil fuels and aid in supplying the fix for many environmental issues. The use of biofuels in engines and motors helps cut back on dangerous emissions. The market for biofuel testing services is expanding due to the advantages that biofuels offer and the strong demand that they have. There is a growing need for biofuel testing services in the refineries in the North American region as a result of the growing number of refineries in the U.S., where the production rate of biofuels is high. At addition, there is rising demand for biofuel testing services in refineries for sustainability testing, quality testing of fuel-grade ethanol, and another relevant testing. As a result, the market for biofuel testing services is anticipated to grow quickly and with a high CAR throughout the projected period because of the widespread presence of numerous refineries in North America and Latin America. Since the standardization of biofuels ultimately intends to reduce dependence on petroleum products, companies that provide testing services for biofuels are concentrating on stringent compliance with international quality standards. These are the main advantages of biofuel testing services that propel market expansion globally over the course of the forecast timeframe.
Testing services for biofuel require a lot of labor. Due to their lower energy density and higher cost of raw materials, biofuels are more expensive to use in the production of heat. These are the main elements limiting the expansion of the global market throughout the forecasted timeframe.
Regional Insights
It is anticipated that North America will account for the most significant market shares. The large output of biofuels in the US is one of the key drivers boosting the market for testing services for biofuels. This is the primary driver of market expansion globally during the anticipated timeframe. During the projected period, Europe is expected to have the second-largest market share. Europe holds a sizable portion of the market for biofuel testing services after North America because of the high level of biofuel production in the area. The market for biofuel testing services in Europe is anticipated to grow as a result.
Segment Dynamics
The Biofuel Testing market is fragmented into type and application segments. Based on the type, the ethanol segment is anticipated to dominate the market. By application, the automotive segment is projected to grow at the highest CAGR during the forecast period.
Competitive Insights
The Biofuel Testing market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic mergers & acquisitions, partnerships, and new product launches to remain competent in the market. For example, Rolls-Royce agreed to test Greencrude sustainable aviation fuel from Alder Fuels starting in October 2023. (SAF). With the help of already-existing bio and petroleum refinery infrastructure, Greencrude may be transformed into a drop-in fuel by employing sustainable biomass, such as regenerative grasses, forest residues, and agricultural waste products. Compared to straight jets, it results in a more than 80% reduction in greenhouse gas emissions.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Biofuel Testing by type, region, and application. In addition, this report introduces the market competition situation among the vendors, and the company profile, market price analysis, and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- Intertek Group plc
- BUREAU VERITAS
- Eurofins Scientific
- SGS SA
- AmSpec, LLC
- ALS Limited
- Biofuel Systems Group Limited
- Core Laboratories
- Beta Analytic
- SOCOTEC Group
- AKSHAR ANALYTICAL LABORATORY & RESEARCH CENTRE
- Chem-Tech Laboratories Private Limited
- FOI Laboratories
- Peak Petroleum Testing Services, Inc.
- Fare Labs Private Limited
Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Ethanol
- Biodiesel
- Biogas
- Green Diesel
- Others
Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Automotive
- Biofuel Companies
- Mining
- Refineries
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)
Table Of Content
TABLE OF CONTENT
1. Biofuel Testing Market Overview
1.1. Product Overview and Scope of Biofuel Testing
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Biofuel Testing Market Size Growth Rate Analysis by Type, 2022 VS 2030
1.3.1. Ethanol
1.3.2. Biodiesel
1.3.3. Biogas
1.3.4. Green Diesel
1.3.5. Others
1.4. Global Biofuel Testing Consumption Comparison by Application: 2022 VS 2030
1.4.1. Automotive
1.4.2. Biofuel Companies
1.4.3. Mining
1.4.4. Refineries
1.4.5. Others
1.5. Global Biofuel Testing Market Size Estimates and Forecasts by Region: 2022 VS 2030
1.5.1. North America Biofuel Testing Estimates
1.5.2. Europe Biofuel Testing Estimates
1.5.3. China Biofuel Testing Estimates
1.5.4. Japan Biofuel Testing Estimates
2. Market Competition by Manufacturers
2.1. Global Biofuel Testing Revenue Market Share by Manufacturers (2020)
2.2. Biofuel Testing Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Biofuel Testing Average Price by Manufacturers (2018-2022)
2.4. Manufacturers Biofuel Testing Production Sites, Area Served, Product Types
2.5. Biofuel Testing Market Competitive Situation and Trends
2.5.1. Biofuel Testing Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Biofuel Testing Consumption by Region (2018-2022)
3.1. Global Biofuel Testing Consumption by Region
3.2. Global Biofuel Testing Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Biofuel Testing Consumption Growth Rate (2018-2022)
3.2.3. North America Biofuel Testing Consumption, Price and Gross Margin (2018-2022)
3.2.4. North America Biofuel Testing Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Biofuel Testing Consumption Growth Rate (2018-2022)
3.2.7. Europe Biofuel Testing Consumption, Price and Gross Margin (2018-2022)
3.2.8. Europe Biofuel Testing Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Biofuel Testing Consumption Growth Rate (2018-2022)
3.2.11. Asia Pacific Biofuel Testing Consumption, Price and Gross Margin (2018-2022)
3.2.12. Asia Pacific Biofuel Testing Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Biofuel Testing Consumption Growth Rate (2018-2022)
3.2.15. South America Biofuel Testing Consumption, Price and Gross Margin (2018-2022)
3.2.16. South America Biofuel Testing Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Biofuel Testing Consumption Growth Rate (2018-2022)
3.2.19. Middle East and Africa Biofuel Testing Consumption, Price and Gross Margin (2018-2022)
3.2.20. Middle East and Africa Biofuel Testing Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Biofuel Testing Consumption by Type (2018-2022)
4.1. Global Biofuel Testing Price by Type (2018-2022)
4.2. Global Biofuel Testing Revenue Market Share by Type (2018-2022)
4.2.1. Ethanol
4.2.2. Biodiesel
4.2.3. Biogas
4.2.4. Green Diesel
4.2.5. Others
5. Global Biofuel Testing Consumption by Application (2018-2022)
5.1. Global Biofuel Testing Price by Application (2018-2022)
5.2. Global Biofuel Testing Revenue Market Share by Application (2018-2022)
5.2.1. Automotive
5.2.2. Biofuel Companies
5.2.3. Mining
5.2.4. Refineries
5.2.5. Others
6. Key Companies Profiled
6.1. INTERTEK GROUP
6.1.1. INTERTEK GROUP Biofuel Testing Corporation Information
6.1.2. INTERTEK GROUP Biofuel Testing Product Portfolio
6.1.3. INTERTEK GROUP Biofuel Testing Consumption, Price and Gross Margin (2018-2022)
6.1.4. INTERTEK GROUP Main Business and Markets Served
6.1.5. INTERTEK GROUP Recent Developments/Updates
6.2. BUREAU VERITAS
6.3. Eurofins Scientific
6.4. SGS SA
6.5. AmSpec, LLC
6.6. ALS Limited
6.7. Biofuel Systems Group Limited
6.8. Core Laboratories
6.9. Beta Analytic
6.10. SOCOTEC Group
6.11. AKSHAR ANALYTICAL LABORATORY & RESEARCH CENTRE
6.12. Chem-Tech Laboratories Private Limited
6.13. FOI Laboratories
6.14. Peak Petroleum Testing Services, Inc.
6.15. Fare Labs Private Limited
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. Biofuel Testing Distributors List
7.3. Biofuel Testing Customers
8. Market Dynamics
8.1. Biofuel Testing Industry Trends
8.2. Biofuel Testing Growth Drivers
8.3. Biofuel Testing Market Challenges
8.4. Biofuel Testing Market Restraints
9. Global Biofuel Testing Consumption and Demand Forecast, by Region (2023-2030)
9.1. Global Forecasted Demand Analysis of Biofuel Testing, by Regions and Country
9.1.1. North America Forecasted Consumption of Biofuel Testing by Country
9.1.2. Europe Market Forecasted Consumption of Biofuel Testing by Country
9.1.3. Asia Pacific Market Forecasted Consumption of Biofuel Testing by Region
9.1.4. Latin America Forecasted Consumption of Biofuel Testing by Country
9.1.5. Middle East and Africa Forecasted Consumption of Biofuel Testing by Country
10. Global Biofuel Testing Consumption and Demand Forecast, by Type Segments (2023-2030)
10.1. Global Forecasted Consumption of Biofuel Testing by Type Segments (2023-2030)
10.2. Global Consumption and Price Forecast by Type Segments (2023-2030)
10.3. Global Forecasted Growth Rate of Biofuel Testing by Type Segments (2023-2030)
11. Global Biofuel Testing Consumption and Demand Forecast, by Application Segments (2023-2030)
11.1. Global Forecasted Consumption of Biofuel Testing by Application Segments (2023-2030)
11.2. Global Consumption and Price Forecast by Application Segments (2023-2030)
11.3. Global Forecasted Growth Rate of Biofuel Testing by Application Segments (2023-2030)
12. Research Finding and Conclusion
13. Methodology and Data Source
13.1. Methodology/Research Approach
13.1.1. Research Programs/Design
13.1.2. Market Size Estimation
13.1.3. Market Breakdown and Data Triangulation
13.2. Data Source
13.2.1. Secondary Sources
13.2.2. Primary Sources
13.3. Author List
13.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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