The global advanced biofuel market was valued at US$ 8.880 billion in 2016 and is expected to reach US$ 194.633 billion by 2025 growing at a CAGR of 41.18% over the forecast period. According to an Advanced Biofuel Market Report, by Fuel Type (Cellulosic Ethanol, Biofuel, Biobutanol, BioDME, and others), by Raw Material (Jatropha, Camelina, Algae, Simple Lignocellulose, Complex Lignocellulose, and Others) by Process Type (Biochemical Process and Thermochemical Process) published by Coherent Market Insights. Advanced biofuel yields more energy efficient output as compared to conventional fossil fuels and are environment-friendly in nature. Furthermore, favorable environmental policies and regulations, investment for R&D provided by European and North American governments, and commercialization of advanced biofuels are driving the growth of advanced biofuels market.
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