Bio-fuels Market Procurement Research – Market Trends and Spend Analysis by SpendEdge
LONDON–(BUSINESS WIRE)–#biofuels–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Bio-fuels
Market Procurement Research Report.’ The insights and data in
this report provide a strategic analysis of the supply markets, factors
influencing purchasing decisions, procurement best practices, pricing
models, supplier landscape, and an analysis of the supplier capability
matrix for the utilities
industry. This report breaks down the data and analysis behind
the procurement of bio-fuels and acts as an all-inclusive guide for
making smart purchasing decisions.
“The global demand for bio-fuels can be attributed to its increased
adoption in industries such as marine, automotive, aviation, power, and
also the increase in government mandates that require industries to use
bio-fuels as an additive,” says SpendEdge procurement analyst A Kowshik.
“Also, suppliers are increasing their investments in R&D
activities to develop innovative bio-fuels production technologies using
multiple feedstocks which will enhance the efficiency of the production
process,” added Kowshik.
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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global
Bio-fuels Market:
- Product innovations such as manufacturing of bio-propane.
-
Manufacturing of bio-fuels using alternative feedstocks such as
agricultural wastes and algae. - The increase in production of bio-fuels in APAC.
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Product innovations such as manufacturing of bio-propane:
There is a rise in production of bio-propane, which is manufactured
using renewable wastes and residues. A growing number of suppliers are
investing in expanding their production capabilities which would help
them in manufacturing different kinds of bio-fuels. Moreover, the
properties of bio-propane are similar to the propane manufactured using
fossil fuels and can be replaced in all end-use applications of propane.
This helps the buyers achieve their sustainability goals.
Manufacturing of bio-fuels using alternative feedstocks such as
agricultural wastes and algae:
There is an increase in the preference for alternative feedstocks among
the suppliers in the bio-fuels market. The prices of alternative
feedstocks as agricultural wastes and algae are less volatile compared
with raw material such as sugar and cornstarch. The use of alternative
feedstock also helps in reducing the dependence on food crops as a
feedstock thereby decreasing supply disruption risks.
The increase in production of bio-fuels in APAC:
The growing demand for bio-fuels from APAC countries such as Indonesia,
Australia, Malaysia, India, and China can be attributed to the
regulations that mandate the use of biodiesel and ethanol in blended
fuels. This is the reason for suppliers to expand their production
capacity in APAC, leading to the increased production. Also, this
minimizes the need for imports from other regions due to the surplus
availability of bio-fuels within APAC.
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Butane Category – Procurement Market Intelligence Report
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Shilpa Balakrishnan
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