The Bio-LNG Market size was valued at USD 0.627 billion in 2022 and is expected to grow to USD 13.30 billion by 2030 and grow at a CAGR of 46.5 % over the forecast period of 2023-2030.
Growing consumer interest in bio-LNG is mostly being driven by rising decarbonization demand. these fuels are becoming more popular in a number of sectors, including those that employ buses, trucks, ships, and other transportation vehicles. Trucks and ships are one industry where their deployment has become substantially more widespread, and this is projected to open up opportunities for both market incumbents and newcomers.
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When compared to traditional LPG, bio-LPG, commonly referred to as bio-liquefied petroleum gas, is more environmentally friendly. It is created from biomass, which includes energy crops, food industry waste, and agricultural waste. The bio-LNG (liquefied natural gas) industry has experienced tremendous development and changing dynamics. Bio-LNG has become a desirable alternative as there is an increasing focus on the need to reduce greenhouse gas emissions and switch to cleaner energy sources on a worldwide scale.
KEY DRIVERS:
Growing Environmental Concerns
Growing LNG Truck Fleet
The bio-LNG industry is expanding on a global scale. Rising vehicle sales and a greater emphasis on decarbonization and pollution control are anticipated to propel market expansion. Also, the rising environmental concerns and the growing number of ING vehicles are opening up huge growth prospects for the best solutions to supply the growing need for energy while lowering greenhouse gas emissions. Consequently, as a result of the aforementioned circumstances, its demand is rising.
RESTRAINS:
Additional cost
No Technological adaptations
OPPORTUNITY:
Technological advancement in Bio-LNG production
Growing consumer interest in bio-LNG
Growing consumer interest in bio-LNG is mostly being driven by rising decarbonization demand. these fuels are becoming more popular in a number of sectors, including those that employ buses, trucks, ships, and other transportation vehicles.
Bio-LNG is unique in many aspects since it emits much less particulate matter and CO2 than other types of fuel. Along with giving customers the chance to have net-zero emissions. Bio-LNG may help truck drivers and fleet management economically and ecologically by providing transportation at affordable prices without compromising efficiency.
CHALLENGES:
Limited Feedstock Availability
high Bio-LNG Price Compared to LNG
The Bio-LNG is projected to expand due to the rising usage of alternative fuels for energy generation to reduce greenhouse gas emissions.
IMPACT OF RUSSIA-UKRAINE WAR
Russia's invasion of Ukraine has caused a seismic change in the world's gas and LNG markets. Spot prices are reaching record highs in both Asia and Europe, and LNG contractual activity has increased as gas consumers, particularly in Europe, look for reliable alternatives to Russian gas. Using the knowledge of our LNG service, how the Russia/Ukraine war has changed LNG contract patterns and impacted contract pricing across key LNG markets as the LNG world gets ready to converge on Gastech 2022. Due to record LNG prices, buyers have begun committing to lengthy contracts. With more than 60 mmt pa (million metric tonnes) of new long-term contracts signed in 2022, volume is already at its highest level since 2018.
IMPACT OF ONGOING RECESSION
According to preliminary estimates, CO emissions in the European Union decreased by around 6%, and a similar decrease is anticipated. As long as greenhouse gases are released into the atmosphere, they will continue to have a positive impact on the ecosystem. The rapid reduction in emissions increase is especially welcome because any new global climate change deal that will be agreed in Copenhagen will not go into effect until after some years. The recession is stopping certain investment choices that may have otherwise long-term locked-in carbon-intensive technology.
By Source Type
Organic Household Waste
Organic Industrial Waste
Municipal Waste
By Application
Transportation Fuel
Heavy-duty vehicles
Shipping
Others
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In 2022, Europe had the highest revenue share (59.50%). Due to the increased product demand from the transportation and power generation application sectors, countries like Germany, the UK, Spain, and France are anticipated to have strong growth rates in the industry over the course of the projection period.
In 2022, North America accounted for a sizeable portion of global revenue, with the U.S. The expansion of the North American market for bio-LNG is anticipated to be driven by the boom in the use of alternative fuels for energy generation to minimize greenhouse gas emissions.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
In Wijster, Netherlands, GREEN CREATE constructed manure-fed biomethane production facilities in February 2023. The facility creates bio-LNG, a low-carbon fuel that may be utilized as a low-carbon fuel in the transportation sector, from agricultural waste, notably manure.
As it expands its network of bio-ING providers, Liqvis declared in February 2023 that heavy-duty transport will switch to bio-LNG beginning in 2023. Starting in the middle of 2023, Liqvis would progressively switch to CO2-neutral bio-LNG and offer it for sale at its refueling stations.
In April 2023, Nottingham-based Roadgas, the largest owner of bio-CNG and bio-ING facilities in the UK, will transfer its assets to Pretoria Energy Group, a company backed by Mercuria Clean Energy Investments. Roadgas offers specialized on-site fueling choices.
The Major Players are Linde plc, Nordsol, Flogas Britain Ltd., MEGA a.s., AXEGAZ T&T, TotalEnergies, Titan LNG, DBG Group B.V., BoxLNG Pvt. Ltd., Shell Pie and other players are listed in a final report.
| Report Attributes | Details |
| Market Size in 2022 | US$ 0.627 Bn |
| Market Size by 2030 | US$ 13.30 Bn |
| CAGR | CAGR of 46.5 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Source Type (Organic household waste, Organic industrial waste, Municipal waste) • By Application (Transportation Fuel, Power Generation, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Linde plc, Nordsol, Flogas Britain Ltd., MEGA a.s., AXEGAZ T&T, TotalEnergies, Titan LNG, DBG Group B.V., BoxLNG Pvt. Ltd., Shell Pie |
| Key Drivers | • Growing Environmental Concerns • Growing LNG Truck Fleet |
| Market Restraints | • Additional cost • No Technological adaptations |
Ans: Bio-LNG Market is anticipated to expand by 46.5 % from 2023 to 2030.
Ans: USD 13.30 billion is expected to grow by 2030.
Ans: Bio-LNG Market size was valued at USD 0.627 billion in 2022
Ans: Europe is dominating the market.
Ans: Growing Environmental Concerns and Growing LNG Truck Fleet.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Bio-LNG Market Segmentation, By Source Type
8.1Organic household waste
8.2Organic industrial waste
8.3Municipal waste
9. Bio-LNG Market Segmentation, By Application
9.1Transportation Fuel
9.1.1 Heavy-duty vehicles
9.1.2Shipping
9.2Power Generation
9.3Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Bio-LNG Market by Country
10.2.2North America Bio-LNG Market by Source Type
10.2.3 North America Bio-LNG Market by Application
10.2.4 USA
10.2.4.1 USA Bio-LNG Market by Source Type
10.2.4.2 USA Bio-LNG Market by Application
10.2.5 Canada
10.2.5.1 Canada Bio-LNG Market by Source Type
10.2.5.2 Canada Bio-LNG Market by Application
10.2.6 Mexico
10.2.6.1 Mexico Bio-LNG Market by Source Type
10.2.6.2 Mexico Bio-LNG Market by Application
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Bio-LNG Market by Country
10.3.1.2 Eastern Europe Bio-LNG Market by Source Type
10.3.1.3 Eastern Europe Bio-LNG Market by Application
10.3.1.4 Poland
10.3.1.4.1 Poland Bio-LNG Market by Source Type
10.3.1.4.2 Poland Bio-LNG Market by Application
10.3.1.5 Romania
10.3.1.5.1 Romania Bio-LNG Market by Source Type
10.3.1.5.2 Romania Bio-LNG Market by Application
10.3.1.6 Hungary
10.3.1.6.1 Hungary Bio-LNG Market by Source Type
10.3.1.6.2 Hungary Bio-LNG Market by Application
10.3.1.7 Turkey
10.3.1.7.1 Turkey Bio-LNG Market by Source Type
10.3.1.7.2 Turkey Bio-LNG Market by Application
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Bio-LNG Market by Source Type
10.3.1.8.2 Rest of Eastern Europe Bio-LNG Market by Application
10.3.2 Western Europe
10.3.2.1 Western Europe Bio-LNG Market by Country
10.3.2.2 Western Europe Bio-LNG Market by Source Type
10.3.2.3 Western Europe Bio-LNG Market by Application
10.3.2.4 Germany
10.3.2.4.1 Germany Bio-LNG Market by Source Type
10.3.2.4.2 Germany Bio-LNG Market by Application
10.3.2.5 France
10.3.2.5.1 France Bio-LNG Market by Source Type
10.3.2.5.2 France Bio-LNG Market by Application
10.3.2.6 UK
10.3.2.6.1 UK Bio-LNG Market by Source Type
10.3.2.6.2 UK Bio-LNG Market by Application
10.3.2.7 Italy
10.3.2.7.1 Italy Bio-LNG Market by Source Type
10.3.2.7.2 Italy Bio-LNG Market by Application
10.3.2.8 Spain
10.3.2.8.1 Spain Bio-LNG Market by Source Type
10.3.2.8.2 Spain Bio-LNG Market by Application
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Bio-LNG Market by Source Type
10.3.2.9.2 Netherlands Bio-LNG Market by Application
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Bio-LNG Market by Source Type
10.3.2.10.2 Switzerland Bio-LNG Market by Application
10.3.2.11 Austria
10.3.2.11.1 Austria Bio-LNG Market by Source Type
10.3.2.11.2 Austria Bio-LNG Market by Application
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Bio-LNG Market by Source Type
10.3.2.12.2 Rest of Western Europe Bio-LNG Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Bio-LNG Market by Country
10.4.2 Asia Pacific Bio-LNG Market by Source Type
10.4.3 Asia Pacific Bio-LNG Market by Application
10.4.4 China
10.4.4.1 China Bio-LNG Market by Source Type
10.4.4.2 China Bio-LNG Market by Application
10.4.5 India
10.4.5.1 India Bio-LNG Market by Source Type
10.4.5.2 India Bio-LNG Market by Application
10.4.6 Japan
10.4.6.1 Japan Bio-LNG Market by Source Type
10.4.6.2 Japan Bio-LNG Market by Application
10.4.7 South Korea
10.4.7.1 South Korea Bio-LNG Market by Source Type
10.4.7.2 South Korea Bio-LNG Market by Application
10.4.8 Vietnam
10.4.8.1 Vietnam Bio-LNG Market by Source Type
10.4.8.2 Vietnam Bio-LNG Market by Application
10.4.9 Singapore
10.4.9.1 Singapore Bio-LNG Market by Source Type
10.4.9.2 Singapore Bio-LNG Market by Application
10.4.10 Australia
10.4.10.1 Australia Bio-LNG Market by Source Type
10.4.10.2 Australia Bio-LNG Market by Application
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Bio-LNG Market by Source Type
10.4.11.2 Rest of Asia-Pacific APAC Bio-LNG Market by Application
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Bio-LNG Market by Country
10.5.1.2 Middle East Bio-LNG Market by Source Type
10.5.1.3 Middle East Bio-LNG Market by Application
10.5.1.4 UAE
10.5.1.4.1 UAE Bio-LNG Market by Source Type
10.5.1.4.2 UAE Bio-LNG Market by Application
10.5.1.5 Egypt
10.5.1.5.1 Egypt Bio-LNG Market by Source Type
10.5.1.5.2 Egypt Bio-LNG Market by Application
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Bio-LNG Market by Source Type
10.5.1.6.2 Saudi Arabia Bio-LNG Market by Application
10.5.1.7 Qatar
10.5.1.7.1 Qatar Bio-LNG Market by Source Type
10.5.1.7.2 Qatar Bio-LNG Market by Application
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Bio-LNG Market by Source Type
10.5.1.8.2 Rest of Middle East Bio-LNG Market by Application
10.5.2 Africa
10.5.2.1 Africa Bio-LNG Market by Country
10.5.2.2 Africa Bio-LNG Market by Source Type
10.5.2.3 Africa Bio-LNG Market by Application
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Bio-LNG Market by Source Type
10.5.2.4.2 Nigeria Bio-LNG Market by Application
10.5.2.5 South Africa
10.5.2.5.1 South Africa Bio-LNG Market by Source Type
10.5.2.5.2 South Africa Bio-LNG Market by Application
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Bio-LNG Market by Source Type
10.5.2.6.2 Rest of Africa Bio-LNG Market by Application
10.6 Latin America
10.6.1 Latin America Bio-LNG Market by Country
10.6.2 Latin America Bio-LNG Market by Source Type
10.6.3 Latin America Bio-LNG Market by Application
10.6.4 Brazil
10.6.4.1 Brazil Bio-LNG Market by Source Type
10.6.4.2 Brazil Africa Bio-LNG Market by Application
10.6.5 Argentina
10.6.5.1 Argentina Bio-LNG Market by Source Type
10.6.5.2 Argentina Bio-LNG Market by Application
10.6.6 Colombia
10.6.6.1 Colombia Bio-LNG Market by Source Type
10.6.6.2 Colombia Bio-LNG Market by Application
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Bio-LNG Market by Source Type
10.6.7.2 Rest of Latin America Bio-LNG Market by Application
11 Company Profile
11.1 Corteva (U.S)
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 NM Group (U.S.)
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 BASF SE (U.S.)
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Boultbee Vegetation Management (U.S.)
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Helena Professional Products (U.S.)
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 lapetus Infrastructure Services (U.S.)
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Leidos (U.S)
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 TRC Companies, Inc (U.S.)
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Capgemini (France)
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 IBM (India)
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
11.11 Gyient (U.S.)
11.11.1 Company Overview
11.11.2 Financials
11.11.3 Product/Services Offered
11.11.4 SWOT Analysis
11.11.5 The SNS View
11.12 GETAC (Taiwan)
11.12.1 Company Overview
11.12.2 Financials
11.12.3 Product/Services Offered
11.12.4 SWOT Analysis
11.12.5 The SNS View
11.13 ArborSystems, Inc. (U.S.)
11.13.1 Company Overview
11.13.2 Financials
11.13.3 Product/Services Offered
11.13.4 SWOT Analysis
11.13.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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