Global Alternative Fuel Market Growth 2025-2031

The global Alternative Fuel market size is predicted to grow from US$ 125610 million in 2025 to US$ 224170 million in 2031; it is expected to grow at a CAGR of 10.1% from 2025 to 2031.

Alternative fuel, known as non-conventional and advanced fuels, are any materials or substances that can be used as fuels, other than conventional fuels like; fossil fuels (petroleum (oil), coal, and natural gas), as well as nuclear materials such as uranium and thorium, as well as artificial radioisotope fuels that are made in nuclear reactors.

In the global market, the core manufacturers of alternative fuel include Valero Energy, Renewable Energy Group, Cosan, Green Plains, ADM and POET etc, and the top 5 manufacturers account for about 10% of the market share. The market include North America, Europe and Asia Pacific, with a share of 44%, 24% and 10%. alcohol fuels accounted for 45% and biodiesel accounted for 39%. The product is mainly used in transportation and industrial application, with a share of 78% and 12%.

LP Information, Inc. (LPI) ' newest research report, the “Alternative Fuel Industry Forecast” looks at past sales and reviews total world Alternative Fuel sales in 2024, providing a comprehensive analysis by region and market sector of projected Alternative Fuel sales for 2025 through 2031. With Alternative Fuel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Alternative Fuel industry.

This Insight Report provides a comprehensive analysis of the global Alternative Fuel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Alternative Fuel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Alternative Fuel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Alternative Fuel and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Alternative Fuel.

This report presents a comprehensive overview, market shares, and growth opportunities of Alternative Fuel market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Biodiesel
Alcohol Fuels
Hydrogen
Non-fossil Natural Gas
Others

Segmentation by Application:
Transportation
Industrial Application
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Valero Energy
Renewable Energy Group
Cosan
Green Plains
ADM
POET
INEOS Enterprises
BP
CropEnergies
Henan Tianguan Enterprise
Alto Ingredients
Jilin Fuel Ethanol
BioMCN
Longyan Zhuoyue

Key Questions Addressed in this Report

What is the 10-year outlook for the global Alternative Fuel market?

What factors are driving Alternative Fuel market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Alternative Fuel market opportunities vary by end market size?

How does Alternative Fuel break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.