The advanced biofuel market is expected to grow by USD 110.50 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the advanced biofuel market in optimistic, probable, and pessimistic forecast scenarios.
The advanced biofuel market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
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With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
Adjust their strategic planning to move ahead once business stability kicks in.
Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
- Shape strategic responses through the phases of industry recovery
- Abengoa SA, Bangchak Corp. Public Co. Ltd., and DuPont de Nemours Inc. will emerge as major advanced biofuel market participants during 2021-2025
Analyzing COVID-19 Impact on Advanced Biofuel Market | 31.77% YOY Growth expected in 2021 despite 2nd wave | Technavio, New York, May 6, 2021
