Low Carbon Fuels Market by Type (Natural Gas, Biofuels, Hydrogen, Ammonia, and Others) by End User (Power & Utilities, Oil & Gas, Petrochemicals, Agriculture, Transportation, Manufacturing, and Others) and by Region - Global Trends and Forecasts to 2027
The low carbon fuels market across the globe is driven by the rising demand for transportation fuels, increasing consumption of oil, decline in the overall quality of crude, stringent environmental regulations and standards for production of cleaner fuels and development of new applications such as hydrogen powered fuel cells for transportation applications. The growing demands for energy, energy sustainability, and GHG repercussions of conventional sources of energy have increased the utilization of low carbon energy sources. The other major driver of the market is hydrogen demand across the end user segments.
The Covid-19 pandemic had an adverse impact on the low carbon fuels market. The mass lockdowns and restrictions imposed by governments due to which manufacturing facilities were brought down to a standstill affecting the market dynamics. The pandemic hindered the overall market's supply chain, resulting in delayed and limited supply of the product. There was a decline in the power demand from the industrial and commercial sector.
The low carbon fuels market is fragmented based on the fuel type into natural gas, biofuels, hydrogen, ammonia, and others. Hydrogen as a fuel is an emission-free alternative that can be obtained from various sources such as fossil fuels, natural gas, and water, among others. It can be produced from various techniques such as the thermochemical process, electrolytic process, direct solar water splitting process, and biological processes. Hydrogen is produced with the help of heat and chemical reactions in a thermochemical process. Resources such as natural gas, coal, or biomass are used for hydrogen production in the thermochemical process. Light energy is used in the direct solar process to split hydrogen and oxygen atoms in water.
The low carbon fuels market is further segmented into end users such power & utilities, oil & gas, petrochemicals, agriculture, transportation, manufacturing, and others. Bioethanol is a cheaper and a more environmentally friendly alternative for gasoline or petroleum fuel cars. Small percentage of bioethanol is mixed with the pure gasoline to prepare bioethanol blends, which burns more efficiently and produces zero carbon emission. As a result, the use of bioethanol fuel blends is mandated in many countries around the world. This increases the use of bioethanol in the transportation end-use industry.
As per region, the market can be segmented into North America, South America, Europe, Asia Pacific, Middle East & Africa. The rising demand for hydrogen in Asia Pacific region is mainly driven by strong demand for ammonia and methanol from developing countries such as China and India. Moreover, tight regulations in China on oil refineries for producing cleaner fuels is expected to further boost the demand for hydrogen.
The major players in the low carbon fuels market are Butamax Advanced Biofuels LLC (US), Green Plains (US), CropEnergies AG (Germany), Linde Plc (Ireland), Air Liquide (France), Engie (France), Iberdrola S.A. (Spain), and Thyssenkrupp AG (Germany).
Key Questions Addressed by the Report
Frequently Asked Questions (FAQs)
- What is the current size of the low carbon fuels market?
- What are the major drivers for the low carbon fuels market?
- Which is the largest segment, by application, during the forecasted period in the low carbon fuels market?
- Which is the fastest-growing region during the forecasted period in the low carbon fuels market?
- What are the trends that could be witnessed over the next five years?
- What will be the revenue pockets for the low carbon fuels market market in the next five years?
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TABLE OF CONTENTS
1 INTRODUCTION
1.1. STUDY OBJECTIVES
1.2. DEFINITION
1.3. INCLUSIONS VS. EXCLUSIONS
1.4. MARKET SCOPE
1.4.1. MARKET SEGMENTATION
1.4.2. REGIONAL SCOPE
1.5. YEARS CONSIDERED
1.6. CURRENCY
1.7. LIMITATIONS
1.8. STAKEHOLDERS
1.9. SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1. RESEARCH DATA
2.2. MARKET BREAKDOWN AND DATA TRIANGULATION
2.2.1. SECONDARY DATA
2.2.1.1. KEY DATA FROM SECONDARY SOURCES
2.2.2. PRIMARY DATA
2.2.2.1. KEY DATA FROM PRIMARY SOURCES
2.2.2.2. KEY INDUSTRY INSIGHTS
2.2.2.3. BREAKDOWN OF PRIMARY INTERVIEWS
2.3. IMPACT OF COVID-19
2.4. SCOPE
2.5. MARKET SIZE ESTIMATION
2.5.1. BOTTOM-UP APPROACH
2.5.2. TOP-DOWN APPROACH
2.5.3. DEMAND-SIDE ANALYSIS
2.5.3.1. Assumptions for demand-side analysis
2.5.3.2. Demand-side Calculation
2.5.4. SUPPLY-SIDE ANALYSIS
2.5.4.1. Supply side assumptions
2.5.4.2. Supply side calculation
2.6. FORECAST
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
5.1. INTRODUCTION
5.2. MARKET DYNAMICS
5.2.1. DRIVERS
5.2.2. RESTRAINTS
5.2.3. OPPORTUNITIES
5.2.4. CHALLENGES
5.3. COVID-19 IMPACT
5.4. TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.5. VALUE/SUPPLY CHAIN ANALYSIS
5.6. MARKET MAP/ECOSYSTEM
5.7. TECHNOLOGY ANALYSIS
5.8. AVERAGE SELLING PRICE TREND
5.9. BUYING CRITERIA
5.10. KEY CONFERENCES & EVENTS IN 2022–2023
5.11. PATENT ANALYSIS
5.12. TRADE DATA
5.13. TARIFFS, CODES & REGULATIONS
5.13.1. REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.2. REGULATORY FRAMEWORK
5.14. PORTER’S FIVE FORCES
5.15. CASE STUDY ANALYSIS
6 LOW CARBON FUELS MARKET, BY TYPE
(USD Million - 2020, 2021, 2022-e, 2027-f)
6.1. INTRODUCTION
6.2. NATURAL GAS
6.3. BIOFUELS
6.4. HYDROGEN
6.5. AMMONIA
6.6. OTHERS
7 LOW CARBON FUELS MARKET, BY END USER
(USD Million - 2020, 2021, 2022-e, 2027-f)
7.1. INTRODUCTION
7.2. POWER & UTILITIES
7.3. OIL & GAS
7.4. PETROCHEMICALS
7.5. AGRICULTURE
7.6. TRANSPORTATION
7.7. MANUFACTURING
7.8. OTHERS
8 LOW CARBON FUELS MARKET, BY REGION
(USD Million - 2020, 2021, 2022-e, 2027-f)
8.1. INTRODUCTION
8.2. NORTH AMERICA
8.2.1. BY TYPE
8.2.2. BY END USER
8.2.3. BY COUNTRY
8.2.3.1. US
8.2.3.2. CANADA
8.2.3.3. MEXICO
8.3. ASIA PACIFIC
8.3.1. BY TYPE
8.3.2. BY END USER
8.3.3. BY COUNTRY
8.3.3.1. CHINA
8.3.3.2. INDIA
8.3.3.3. JAPAN
8.3.3.4. REST OF ASIA PACIFIC
8.4. EUROPE
8.4.1. BY TYPE
8.4.2. BY END USER
8.4.3. BY COUNTRY
8.4.3.1. UK
8.4.3.2. FRANCE
8.4.3.3. GERMANY
8.4.3.4. ITALY
8.4.3.5. REST OF EUROPE
8.5. MIDDLE EAST & AFRICA
8.5.1. BY TYPE
8.5.2. BY END USER
8.5.3. BY COUNTRY
8.5.3.1. SAUDI ARABIA
8.5.3.2. UAE
8.5.3.3. REST OF MIDDLE EAST & AFRICA
8.6. SOUTH AMERICA
8.6.1. BY TYPE
8.6.2. BY END USER
8.6.3. BY COUNTRY
8.6.3.1. BRAZIL
8.6.3.2. ARGENTINA
8.6.3.3. REST OF SOUTH AMERICA
9 COMPETITIVE LANDSCAPE
9.1. KEY PLAYERS STRATEGIES OVERVIEW
9.2. MARKET SHARE (BY REVENUE), 2021
9.3. REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS, 2021
9.4. COMPANY EVALUATION MATRIX/QUADRANT
9.4.1. STAR
9.4.2. PERVASIVE
9.4.3. EMERGING LEADER
9.4.4. PARTICIPANT
9.5. LOW CARBON FUELS MARKET:COMPANY FOOTPRINT
9.6. COMPETITIVE SCENARIO
10 COMPANY PROFILES
10.1. INTRODUCTION
10.2. BUTAMAX ADVANCED BIOFUELS LLC
10.2.1. Business Overview
10.2.2. Products & Services
10.2.3. Recent Developments
10.2.4. MnM View
10.2.4.1. Key strategies/right to win
10.2.4.2. Strategic choices made
10.2.4.3. Weaknesses and competitive threats
10.3. GREEN PLAINS
10.4. CROPENERGIES AG
10.5. LINDE PLC
10.6. AIR LIQUIDE
10.7. ENGIE
10.8. IBERDROLA S.A.
10.9. THYSSENKRUPP AG
11 APPENDIX
11.1. INSIGHTS OF INDUSTRY EXPERTS
11.2. DISCUSSION GUIDE
11.3. RELATED REPORT
11.4. AUTHOR DETAILS
Note: e-Estimated, f-Forecast
• THIS IS A TENTATIVE LIST OF COMPANIES. ADDITIONAL COUNTRIES & COMPANIES MAY BE ADDED/UPDATED DURING THE COURSE OF THE STUDY
• DETAILS ON COMPANY OVERVIEW, FINANCIALS, PRODUCT & SERVICES, STRATEGY, AND DEVELOPMENTS MIGHT NOT BE CAPTURED IN CASE OF UNLISTED COMPANIES
Growth opportunities and latent adjacency in Low Carbon Fuels Market