Fairfield Market Research Bio LPG Market Size, Share, Growth, Industry Report 2025
Bio LPG Market

Bio LPG Market

Global Bio LPG Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021-2025 - (By Feedstock Coverage(Bio-oil,Cellulosic Organic waste,Others), End-user Coverage(Residential,Chemical & Petrochemical,Industrial & Others), By Geography, Leading Companies)

Published Date: Feb 2021 | Format: | No. of Pages: 128

Industry: Energy & Natural Resources | Author Name: Harshad

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FAQ : Bio LPG Market

Lower carbon footprint compared to traditional LPG followed by the potential to completely replace fossil-fuel based LPG used as a cooking gas/Autogas remains the key driver for the global Bio LPG market.

Top 5 players in the market includes: Nest Oil, Total SE, ENI, Preem AB, and Diamond Green Diesel. These players constituted more than 70% of the global bio-LPG market in 2020.

Currently, Europe remains the most lucrative market for bio-LPG followed by North America. Europe is expected to lead the market owing to increasing investments into planned/demonstration projects related to bio-LPG production.

Currently, bio-oil is the most attractive market. However, increasing capacity for hydrogenation and by commercialization of other process routes to bio-LPG is expected to fuel investments into recover of bio-LPG through other processes/routes, especially cellulosic waste processing.

COVID-19 pandemic impacted the market through delays in execution of planned bio-LPG projects. Due to COVID-19, pandemic, R&D activities/pilot/demonstration projects pertaining to recovery of bio-LPG from cellulosic waste became flat owing to bottlenecks related to raw material/equipment's followed by funding’s.
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