Europe BioLPG Market Introduction and Overview
According to SPER Market Research, the Europe BioLPG Market is estimated to reach a volume of 2249.87 KMT by 2033 with CAGR of 19.72%.
The report includes an in-depth analysis of the Europe BioLPG Market, including market size and trends, product mix, applications, and supplier analysis. BioLPG, also known as bio-propane, is a sustainable replacement for conventional LPG. It is made from plant and vegetable waste. When compared to traditional fossil fuels like petrol, this environmentally friendly fuel reduces overall carbon footprint by minimising hazardous petrol emissions. Because LPG and bioLPG have comparable compositions, they may be seamlessly integrated with existing LPG equipment and products. BioLPG can be produced in a number of ways, including pyrolysis, gasification, fermentation, and hydrogenated vegetable oil. Vegetable oil that has been hydrogenated is hydrocracked to produce biogas, fermentation produces butylene, and pyrolysis breaks down biomass without oxygen to produce LPG.
Market Opportunities and Challenges
The demand for clean-burning fuels in the European market is anticipated to be driven by the commercial sector. Europe is committing to bioLPG gases in order to preserve the environment and meet the continent's increasing energy needs. When used in industrial sectors, traditional fossil fuels can be replaced with bioLPG, a renewable energy source. It can be applied to a wide range of industrial processes, including processing, heating, cooling, and turbine operation. The primary impetus for the transition to bioLPG is the growing number of enterprises in Europe, especially in the countryside, that may employ bioLPG for a variety of industrial processes. Protecting the environment from dangerous pollutants like carbon monoxide is another crucial factor, and bioLPG, being a green fuel, will make it possible to do so. By 2050, the European Union wants to be carbon neutral by using clean energy sources like bioLPG. Since BioLPG is produced from plant leftovers, it is reasonably priced. Since bioLPG doesn't require any adjustments to be used in any regular LPG device, the switch from LPG to bioLPG is regarded as seamless. Even in the most isolated areas of the continent, it is simple to store and readily accessible.
The transition to bio-LPG faces challenges, particularly for individuals residing outside traditional financial systems, who may find the cost prohibitive. This financial constraint could impede access to clean fuel. Furthermore, rural communities may not readily embrace biofuels due to cultural factors, and the practicality of cooking stoves compatible with bio-LPG might not be advantageous for rural households. Concerns also arise regarding the limited availability and uncertain supply of bio-LPG, given its specialized nature, potentially leading to increased fuel costs. The concentration of production facilities in the United States, Brazil, and Europe hampers expansion to other nations, restricting knowledge transfer. While bio-LPG can reach remote areas, the associated transportation costs may surpass those of local conventional fuels.
Market Competitive Landscape
Leading companies in the bio LPG industry are making large investments in the development of new technologies to produce biofuels in an effort to provide environmentally acceptable fuels. Major firms are concentrating on thorough R&D endeavours to strengthen their market positions. The major key players in the Europe bioLPG market are: Compañía Española de Petróleos, S.A. (CEPSA), Ekobenz Sp.z.o.o, ENI Spa, Galp Energia, SGPS, S.A., Neste Oyj, TotalEnergies, Others
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Application
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| Regions covered | Belgium, France, Germany, Italy, Spain, Sweden, The Netherlands, The United Kingdom and Rest of Europe
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| Companies Covered | Compañía Española de Petróleos, S.A. (CEPSA), Ekobenz Sp.z.o.o, ENI Spa, Galp Energia, SGPS, S.A., Neste Oyj, TotalEnergies, Others
|
COVID-19 Impact on Europe BioLPG Market
The bioLPG market in Europe has been greatly affected by the COVID-19 epidemic. The adoption of BioLPG has slowed down as a result of supply chain problems, lockdowns, and economic uncertainty. Demand has been impacted by reduced industrial activity, travel restrictions, and the economic slump has influenced investment decisions. The pandemic has, meanwhile, also raised public awareness of environmental sustainability, which may stimulate demand for BioLPG as a renewable energy source. The European BioLPG market's rebound is strongly correlated with the continent's general economic recovery and its dedication to environmentally friendly policies in the wake of the epidemic.
Key Target Audience:
- BioLPG Producers
- Commercial and Industrial Users
- Energy Companies
- Environmental Organizations
- LPG (Liquefied Petroleum Gas) Suppliers
- Residential Consumers
- Technology Providers
- Transportation Sector
- Others
Our in-depth analysis of the Europe BioLPG Market includes the following segments:
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By Application: |
Household
Industrial
Offices
Transport
Others
|
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By Region: |
Belgium
France
Germany
Italy
Spain
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Key Topics Covered in the Report:
- Europe BioLPG Market Size (FY’2023-FY’2033)
- Overview of Europe BioLPG Market
- Segmentation of Europe BioLPG Market By Application (Household, Industrial, Offices, Transport, Others)
- Statistical Snap of Europe BioLPG Market
- Expansion Analysis of Europe BioLPG Market
- Problems and Obstacles in Europe BioLPG Market
- Competitive Landscape in the Europe BioLPG Market
- Impact of COVID-19 and Demonetization on Europe BioLPG Market
- Details on Current Investment in Europe BioLPG Market
- Competitive Analysis of Europe BioLPG Market
- Prominent Players in the Europe BioLPG Market
- SWOT Analysis of Europe BioLPG Market
- Europe BioLPG Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe BioLPG Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe BioLPG Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe BioLPG Market
7. Europe BioLPG Market, By Application (USD Million)
7.1. Europe BioLPG Market Value Share and Forecast, By Application, 2023-2033
7.2. Household
7.3. Industrial
7.4. Offices
7.5. Transport
7.6. Others
8. Europe BioLPG Market Forecast, 2019-2033 (USD Million)
8.1. Europe BioLPG Market Size and Market Share
9. Europe BioLPG Market, By Application, 2019-2033 (USD Million)
9.1. Europe BioLPG Market Size and Market Share By Application (2019-2026)
9.2. Europe BioLPG Market Size and Market Share By Application (2027-2033)
10. Europe BioLPG Market, By Region, 2019-2033 (USD Million)
10.1. Europe BioLPG Market Size and Market Share By Region (2019-2026)
10.2. Europe BioLPG Market Size and Market Share By Region (2027-2033)
10.3. Belgium
10.4. France
10.5. Germany
10.6. Italy
10.7. Spain
10.8. Sweden
10.9. The Netherlands
10.10. The United Kingdom
10.11. Rest of Europe
11. Company Profile
11.1. Compañía Española de Petróleos, S.A. (CEPSA)
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Ekobenz Sp.z.o.o
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. ENI Spa
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Galp Energia, SGPS, S.A.
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Neste Oyj
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. TotalEnergies
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Others
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope