Bio-LNG market is anticipated to grow at a CAGR of 11.1% during the forecast period (2023-2030). BioLNG is used as biofuel for heavy-duty transport, shipping, and internal production processes. Bio-Liquefied Natural Gas technology is an ideal solution to meet sustainable energy demands while supporting the circular economy. The growing adoption of a well-developed LNG filling with an improved network is the key factor supporting the growth of the market globally. Agricultural businesses can produce biogas self-sufficiently in the form of a circular economy using residual materials from their farms and businesses in their region and refine it into bio-LNG. Hence, the market players are also focusing on introducing compact bio-LNG solutions that further bolster the market growth. For instance, in August 2022, German companies Agrarvereinigung eG Darchau and Ruhe Biogas and Italy’s Ecospray teamed up to launch the first compact bio-LNG plant in Germany. The plant in Darchau, Lower Saxony, will produce biogas from manure and dung in the region and liquefy it for use as a heavy-duty transport fuel. It has a capacity of 3 metric tons/day, or around 1,000 mt/year, replacing about 1.3mn litres of conventional diesel.
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The global bio-LNG market is segmented on the transaction mode, advertisement format, and industry verticals. Based on the source type, the market is sub-segmented into organic household waste, organic industrial waste, municipal waste and agriculture residues. Further, on the basis of application, the market is sub-segmented into transportation fuel (heavy-duty vehicles, shipping), power generation and others. Among the source types, the organic industrial waste sub-segment is anticipated to hold a considerable share of the market owing to the rise in the development of many industries that produce liquid and solid wastes that are suitable for anaerobic digestion, such as food processing, pharmaceuticals, organic chemicals, paper manufacturing and tannery industries.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Bio-LNG Market by Source Type
- Organic Household Waste
- Organic Industrial Waste
- Municipal Waste
- Agriculture Residues
Global Cell Separation Technology Market by Application
- Transportation Fuel
- Heavy-duty vehicles
- Shipping
- Power Generation
- Others (Electricity)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AB Volvo
- AIR LIQUIDE.
- AXEGAZ T&T
- BioNLG Euronet
- BoxLNG Pvt. Ltd.
- CMA CGM Group
- Cryo Pur
- CRYOTEC Anlagenbau GmbH
- DBG Group B.V.
- Dover Fueling Solutions
- EnviTec Biogas AG
- Flogas
- Gasum Ltd.
- HAM GROUP
- Iveco S.p.A.
- LanzaTech
- MEGA a.s.
- Nordsol
- Novozymes
- Scania
- Titan LNG.
- Velocys plc
- Wärtsilä
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global bio-LNG market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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