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市場調查報告書

商品編碼

1372587

全球生物基石腦油市場 - 2023-2030

Global Bio-Based Naphtha Market - 2023-2030

出版日期: 2023年10月18日 | 出版商:

DataM Intelligence | 英文 186 Pages | 商品交期: 約2個工作天內

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簡介目錄

概述

2022年，全球生物基石腦油市場達到8.952億美元，預計2030年將達到33.387億美元，2023-2030年預測期間年複合成長率為18.3%。

隨著當今世界對永續燃料技術的更高需求，生物基石腦油市場正在顯著成長。生物燃料在運輸業脫碳方面發揮著重要作用，因為它們是當前運輸技術的低碳解決方案，例如短期的輕型車輛和長期的重型卡車、船舶和飛機。生物基燃料產業還提供其他替代且具有成本效益的解決方案來減少碳排放。

此外，根據 IEA 報告，2022 年全球生質燃料需求達到 4.3 艾焦耳 (EJ) 的歷史新高，相當於 1,700 億公升。其需求水準超過了 2019 年觀察到的 COVID-19 大流行前的水準。為了實現到 2050 年淨零排放 (NZE) 的目標，需要大幅增加生物燃料產量。在 NZE 情境中，到 2030 年，生物燃料產量預計將達到 10 EJ 以上，這顯示了全球對生物石腦油等生物燃料的需求。

歐洲生物基石腦油市場預計將成為生物基石腦油市場成長最快的地區。歐洲正朝著2050年實現淨零排放的目標邁進。歐洲在不到十年的時間內將生物經濟的營業額增加了40%以上，取得了顯著的成功。對環境永續性的大力推動加速了各產業對可再生和生物基產品的採用。

動力學

對永續生物燃料的需求

隨著對永續燃料技術的更高需求，生物基石腦油市場正在顯著成長，到2022年，生物燃料將佔全球運輸能源需求的3.5%以上，主要是在道路運輸領域。根據 IEA 的數據，這種成長一直是一致的，過去五年中生物燃料消費量以每年近 6% 的速度成長，但 2020 年由於 COVID-19 大流行而暫時下降。淨零排放情境設定了具體目標，預計到 2030 年，生質燃料對交通運輸部門的貢獻將增加一倍以上，佔燃料總需求的 9%，尤其是道路車輛。

此外，全球有 80 多個國家製定了支持生物燃料的使用和需求的政策。這些政策在推動全球範圍內採用生物燃料方面發揮著至關重要的作用。生物燃料在減少全球道路運輸石油消耗方面發揮了至關重要的作用，到2022 年，生物燃料可避免全球道路運輸石油使用量的4%。這相當於在能源基礎上節省了約200 萬桶石油。

全球運輸生物燃料擴張

生物基石腦油市場正處於成長軌道，預計將受到全球運輸生物燃料產業強勁擴張的推動，其中重點關注再生柴油生產。根據 IEA 的數據，到 2022 年，運輸生質燃料產能將顯著增加 7%，這是十多年來最大幅度的年度成長。這種擴張顯示對生物燃料及其基本原料（包括生物基石腦油）的需求不斷成長。主要的生物煉油廠，特別是在美國和歐洲等地區，處於這一成長的最前沿，受益於鼓勵可再生柴油生產的有利政策和激勵措施，這是一種依賴生物基石腦油的工藝。

此外，大量投資湧入生質燃料產業，到 2022 年，產能將達到十年來未見的水平，總計約 260 kb/d。這些投資主要針對再生柴油精煉，例如位於加州的 Marathon-Neste 合資企業和帝國理工在加拿大的大量投資等備受矚目的企業。此外，人們對永續航空燃料日益成長的興趣正在推動這一成長，像 Neste 這樣的公司正在擴大其再生燃料工廠以滿足這一需求。 SAF 對於減少航空業排放至關重要，它依賴石腦油等生物基原料。

高生物燃料成本的影響

生物基燃料（特別是生質柴油）的高成本正在影響生物基石腦油市場。根據非政府組織運輸與環境報告，目前原料生產的生物柴油現在比批發市場上的化石柴油貴 70% 至 130%。價格差異是由於穀物、植物油、廢食用油和動物脂肪等原料價格上漲所致，這些原料是生物燃料生產的重要組成部分。

此外，T&E 的研究表明，歐洲使用的生物燃料混合製程每年為歐盟的燃料費用增加 170 億歐元。它的經濟負擔不僅影響消費者，也對生物基石腦油市場產生影響。生物燃料的高成本可能會阻礙生物基石腦油的投資和採用，從而阻礙其成長潛力。

The bio-based naphtha market is significantly growing with the higher demand for sustainable fuel technology in the present world. Biofuels are playing a major part in decarbonizing the transport sector as they are the low-carbon solution for ongoing transportation technologies such as light-duty vehicles in the short term and heavy-duty trucks, ships and aircraft in the long term. The bio-based fuel c sector also provides other alternative and cost-effective solutions for reducing carbon emissions.

Furthermore, as per the IEA report, in 2022, global biofuel demand reached a record high of 4.3 exajoules (EJ), equivalent to 170,000 million liters. It level of demand surpassed the pre-COVID-19 pandemic levels observed in 2019. To achieve the goal of Net Zero Emissions by 2050 (NZE), there is a need for a significant increase in biofuel production. In the NZE Scenario, biofuel production is projected to reach over 10 EJ by 2030, which shows the required demand for biofuel globally such as bio naphtha.

The European bio-based naphtha market is expected to be the fastest growing region in the bio-based naphtha market. Europe is forwarding towards the goals to achieve net-zero emissions by 2050. Europe has achieved remarkable success in increasing the turnover of its bio-based economy by more than 40% in less than a decade. The major push to environmental sustainability has accelerated the adoption of renewable and bio-based products across various industries.

Dynamics

Need for Sustainable Biofuels

The bio-based naphtha market is significantly growing with the higher demand for sustainable fuel technology, with biofuels accounting for over 3.5% of global transport energy demand in 2022, primarily in the road transport sector. As per IEA, this growth has been consistent, with biofuel consumption expanding at an annual rate of nearly 6% over the past five years, except for a temporary decline in 2020 due to the COVID-19 pandemic. The Net Zero Emissions Scenario sets specific targets with the projection that biofuels will grow more than double their contribution to the transport sector by 2030 and will reach 9% of total fuel demand, especially for road vehicles.

Furthermore, more than 80 countries globally made policies that are supporting the use and demand for biofuels. The policies is playing crucial role in driving the adoption of biofuels on a global scale. Biofuels played a crucial role in reducing global road transport oil consumption, accounting for the avoidance of 4% of global road transport oil use in 2022. It translates to approximately 2 million barrels of oil saved on an energy basis.

Global Transport Biofuel Expansion

The bio-based naphtha market is on a growth trajectory expected to be driven by the robust expansion of the global transport biofuel sector, with a significant focus on renewable diesel production. As per IEA, in 2022, transport biofuel capacity experienced a remarkable 7% increase, marking the most substantial annual growth in over a decade. The expansion is indicative of the rising demand for biofuels and their essential feedstocks, including bio-based naphtha. Major biorefineries, particularly in regions like United States and Europe, are at the forefront of this growth, benefiting from favorable policies and incentives that encourage renewable diesel production, a process reliant on bio-based naphtha.

Furthermore, significant investments have flooded into the biofuels sector, with 2022 witnessing capacity additions at levels not seen in ten years, totaling approximately 260 kb/d. The investments are prominently directed towards renewable diesel refining, as exemplified by high-profile ventures such as the Marathon-Neste joint venture in California and Imperial's substantial investment in Canada. Also, the burgeoning interest in sustainable aviation fuels is propelling this growth, with companies like Neste expanding their renewable fuels plants to cater to this demand. SAFs, crucial for reducing emissions in the aviation sector, rely on bio-based feedstocks like naphtha.

Impact of High Biofuel Cost

The high cost of bio-based fuels, particularly biodiesel, is impacting the bio-based naphtha market. According to NGO Transport & Environment report, the biodiesel that is produced with the current feedstock is now between 70% and 130% more expensive than fossil diesel on the wholesale market. The price difference is because of the rising prices of feedstocks like cereals, vegetable oils, used cooking oil and animal fats, which are essential components in biofuel production.

Furthermore, T&E's study indicates that the process used with the blending of biofuels in Europe is contributing to the add-on €17 billion annually to the EU's fuel bill. It financial burden not only affects consumers but also has implications for the bio-based naphtha market. The high cost of biofuels may deter investment and adoption of bio-based naphtha, hindering its growth potential.

Segment Analysis

The global bio-based naphtha market is segmented based on source, application and region.

Vegetable Oil Dominates the Bio-Based Naphtha Market

Vegetable oil is expected to hold the largest segment in the bio-based naphtha market. Renewable naphtha produced from sustainable feedstocks, like from vegetable oil shows a significantly lower greenhouse gas footprint as compared to petroleum based naphtha. Also, depending on the feedstock used, this reduction can be as high as 50-80%. Moreover, the production capacity of renewable diesel and sustainable aviation fuel is increasing. The processes often yield coproducts through the hydrotreated vegetable oil (HVO) process, including bionaphtha and biopropane.

Furthermore, Honeywell has introduced a solution for producing renewable naphtha for petrochemical production using its Ecofining technology. It technology has been proven commercially and initially developed in collaboration with Eni SpA to convert non-edible vegetable oils and animal fats into renewable fuels, such as Honeywell Green Diesel and Honeywell Green Jet fuel. Honeywell aims to help petrochemical producers reduce the carbon footprint of their products by offering renewable naphtha as an alternative to petroleum-based feeds.

Geographical Penetration

Rapid Growth of the European Bio-Based Naphtha Market

The European bio-based naphtha market is experiencing rapid growth, driven by various factors that are reshaping the energy and petrochemical landscape. Bionaphtha, a versatile product derived from renewable sources, is at the forefront of this transition towards a cleaner energy future in the region. Supply and demand for bionaphtha are on the rise in Europe with innovative technologies and emerging regulations.

European companies like Neste and UPM are actively involved in the production and utilization of naphtha and they have witnessed substantial growth in the renewable products segment. Also, major players such as TotalEnergies, Shell and ENI are expanding their offerings in the renewable fuels and petrochemicals sector, further boosting the growth of bionaphtha. As per "Chem Analyst" article, current production levels of Bionaphtha in Europe range from 150,000 to 250,000 tonnes annually, with expansion projects on the horizon. Over the next four to five years, production is anticipated to double, reaching 500,000 tonnes, reflecting the region's increasing appetite for sustainable feedstocks.

Competitive Landscape

The major global players in the market include: Neste Corporation, UPM Biofuels, INEOS, Gevo, Euglena co Ltd., AltAir Fuels, Preem, Shell Plc, Eni S.p.A and Diamond Green.

COVID-19 Impact Analysis:

COVID-19 made a significant impact on the bio-based naphtha market, in the wake of the pandemic, many economies faced unprecedented challenges, including GCC (Gulf Cooperation Council) countries. The challenges led to a renewed focus on sustainability and environmental concerns within the chemical and petrochemical sectors. One positive outcome of this sustainability push in the GCC region is the increasing production and use of bio-naphtha, a renewable feedstock derived from sources like organic waste and biomass.

Despite the economic challenges posed by the pandemic, regional chemical producers in GCC countries, such as Saudi Arabia's SABIC and Kuwait's EQUATE, began expanding their portfolios to include circular and bio-based polymers. It strategic shift towards more sustainable practices reflects a global trend towards environmental consciousness and sustainability, as exemplified by the End Plastic Pollution resolution endorsed by 175 nations in Nairobi, Kenya.

Russia-Ukraine War Impact

The Ukraine-Russia conflict has had significant repercussions on various markets, including the bio-based naphtha market. The International Energy Agency (IEA) has indicated that reducing biofuel mandates in response to Ukraine-Russia conflict could result in increased petroleum demand and supply concerns. It shows the major dependency between food and energy systems and the potential consequences of policy changes in response to geopolitical events. The potential solution for this is to transition from 1st Generation biofuels to higher generations, such as 2nd or 3rd Generation biofuels.

By Source

Vegetable Oil
Biomass
Other

By Application

Gasoline
Petrochemical
Aviation Fuel
Bio Benzene
Bio Phenol
Other

By Region

North America
- U.S.
- Canada
- Mexico

Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe

South America
- Brazil
- Argentina
- Rest of South America

Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific

Middle East and Africa

Key Developments

In September 2023, Alpha and Omega Semiconductor (AOS) has unveiled its MRigidCSP packaging technology, aimed at enhancing battery management applications. It technology is designed to reduce on-resistance while simultaneously increasing mechanical strength. Initially, AOS is offering MRigidCSP technology on its AOCR33105E, a 12V common-drain dual N-channel MOSFET. It packaging technology is well-suited for battery applications in devices like smartphones, tablets and ultra-thin notebooks.
In November 2022, Cortec has introduced a sustainable solution in the form of EcoSonic ESD-safe bags, addressing challenges in electronic product packaging. The bags provide ESD protection to prevent damage from static charges and incorporate bubble wrap for impact protection. What sets them apart is the integration of Nano VpCl lining, which releases corrosion-resistant compounds into the bag's internal atmosphere, forming a protective molecular-scale layer around the product. It protects against moisture and corrosion without affecting solderability.
In May 2023, Semtech has introduced its latest Transient Voltage Suppressors (TVS) product, the RClamp0822B, designed to offer high-performance electrostatic discharge (ESD) and surge protection. It versatile circuit protection platform aims to safeguard high-speed data interfaces across various circuit interfaces in industrial, data center and telecommunication applications. The RClamp0822B, with its very-low sub 1 picofarad loading capacitance, is ideal for protecting high-speed data lines from electrical transient threats. It also provides robust surge immunity and is packaged in a user-friendly SC-75 package, making it suitable for a wide range of industrial designs

Why Purchase the Report?

To visualize the global bio-based naphtha market segmentation based on source, application and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of bio-based naphtha market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as excel consisting of key products of all the major players.

The global bio-based naphtha market report would provide approximately 52 tables, 50 figures and 186 Pages.

Target Audience 2023

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet By Source
3.2. Snippet By Application
3.3. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Need for Sustainable Biofuels
  - 4.1.1.2. Global Transport Biofuel Expansion
- 4.1.2. Restraints
  - 4.1.2.1. Impact of High Biofuel Cost
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia - Ukraine War Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Source

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 7.1.2. Market Attractiveness Index, By Source
7.2. Vegetable Oil*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Biomass
7.4. Other

8. By Application

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 8.1.2. Market Attractiveness Index, By Application
8.2. Gasoline*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Petrochemical
8.4. Aviation Fuel
8.5. Bio Benzene
8.6. Bio Phenol
8.7. Other

9. By Region

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 9.1.2. Market Attractiveness Index, By Region
9.2. North America
- 9.2.1. Introduction
- 9.2.2. Key Region-Specific Dynamics
- 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.2.5.1. U.S.
  - 9.2.5.2. Canada
  - 9.2.5.3. Mexico
9.3. Europe
- 9.3.1. Introduction
- 9.3.2. Key Region-Specific Dynamics
- 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.3.5.1. Germany
  - 9.3.5.2. UK
  - 9.3.5.3. France
  - 9.3.5.4. Italy
  - 9.3.5.5. Russia
  - 9.3.5.6. Rest of Europe
9.4. South America
- 9.4.1. Introduction
- 9.4.2. Key Region-Specific Dynamics
- 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.4.5.1. Brazil
  - 9.4.5.2. Argentina
  - 9.4.5.3. Rest of South America
9.5. Asia-Pacific
- 9.5.1. Introduction
- 9.5.2. Key Region-Specific Dynamics
- 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.5.5.1. China
  - 9.5.5.2. India
  - 9.5.5.3. Japan
  - 9.5.5.4. Australia
  - 9.5.5.5. Rest of Asia-Pacific
9.6. Middle East and Africa
- 9.6.1. Introduction
- 9.6.2. Key Region-Specific Dynamics
- 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

10. Competitive Landscape

10.1. Competitive Scenario
10.2. Market Positioning/Share Analysis
10.3. Mergers and Acquisitions Analysis

11. Company Profiles

11.1. Neste Corporation*
- 11.1.1. Company Overview
- 11.1.2. Product Portfolio and Description
- 11.1.3. Financial Overview
- 11.1.4. Key Developments
11.2. UPM Biofuels
11.3. INEOS
11.4. Gevo
11.5. Euglena co., Ltd.
11.6. AltAir Fuels
11.7. Preem
11.8. Shell Plc
11.9. Eni S.p.A
11.10. Diamond Green

LIST NOT EXHAUSTIVE