Global Biofuel Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Biofuel Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Biofuel market size was valued at USD 74940 million in 2023 and is forecast to a readjusted size of USD 93770 million by 2030 with a CAGR of 3.3% during review period.

Biofuels are non-fossil fuels. They are energy carriers that store the energy derived from organic materials (biomass), including plant materials and animal waste. First-generation biofuels are currently produced from food crops such as sugar cane and rapeseed. They include bioethanol (made from sugars and starch) and biodiesel (made from vegetable oil). Second-generation biofuels are under development and will be derived from non-food plant matter such as crop residues and agricultural or municipal wastes. They include bioethanol made from cellulosic materials such as straw or wood.

The two most widely used types of biofuels are bioethanol and biodiesel, so this report only focuses on bioethanol and biodiesel.

United States is the largest Biofuels market with about 54% market share. South America is follower, accounting for about 28% market share.

The key players are Diester Industries, Neste Oil Rotterdam, ADM, Infinita Renovables, Biopetrol, Cargill, Ital Green Oil, Glencore, Louis Dreyfus, Renewable Energy Group, RBF Port Neches, Ag Processing, Elevance, Marathon Petroleum Corporation, Evergreen Bio Fuels, Minnesota Soybean Processors, Caramuru, Jinergy, Hebei Jingu Group, Longyan Zhuoyue, Shandong Jinjiang etc. Top 3 companies occupied about 13% market share.

The Global Info Research report includes an overview of the development of the Biofuel industry chain, the market status of Aviation (Biodiesel, Ethanol), Vehicle (Biodiesel, Ethanol), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Biofuel.

Regionally, the report analyzes the Biofuel markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Biofuel market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Biofuel market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Biofuel industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K MT), revenue generated, and market share of different by Type (e.g., Biodiesel, Ethanol).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Biofuel market.

Regional Analysis: The report involves examining the Biofuel market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Biofuel market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Biofuel:

Company Analysis: Report covers individual Biofuel manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Biofuel This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Aviation, Vehicle).

Technology Analysis: Report covers specific technologies relevant to Biofuel. It assesses the current state, advancements, and potential future developments in Biofuel areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Biofuel market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Biofuel market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Biodiesel
Ethanol

Market segment by Application
Aviation
Vehicle
Industrial
Others

Major players covered
Abengoa Bioenergy
Cargill
BTG
DowDuPont
Wilmar
Renewable Energy
POET
Archer Daniels Midland
VERBIO Vereinigte BioEnergie

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Biofuel product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Biofuel, with price, sales, revenue and global market share of Biofuel from 2019 to 2024.

Chapter 3, the Biofuel competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Biofuel breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Biofuel market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Biofuel.

Chapter 14 and 15, to describe Biofuel sales channel, distributors, customers, research findings and conclusion.