Biofuel Consumption in North America
Summary
Biofuel Consumption in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Biofuels are renewable energy sources produced from organic materials or biomass. Biofuels help in reducing greenhouse gas emissions and are therefore used as a substitute for fossil fuels such as gasoline and diesel. Market volume represents consumption of biofuel in a country in a specific year. Market value is calculated by multiplying market volume with wholesale price of biofuel.
- The North American biofuel consumption market recorded revenues of $55.5 billion in 2023, representing a compound annual growth rate (CAGR) of 5.0% between 2018 and 2023.
- Market consumption volumes declined with a negative CAGR of 0.7% between 2018 and 2023, to reach a total of 426.9 million barrel in 2023.
- The value market growth during 2018-2023 is attributed to government policies and regulations, environmental concerns and climate change, technological advancements, increasing demand for sustainable fuels in transportation, and growing concern for energy security.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the biofuel consumption market in North America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the biofuel consumption market in North America
- Leading company profiles reveal details of key biofuel consumption market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the North America biofuel consumption market with five year forecasts
- What was the size of the North America biofuel consumption market by value in 2023?
- What will be the size of the North America biofuel consumption market in 2028?
- What factors are affecting the strength of competition in the North America biofuel consumption market?
- How has the market performed over the last five years?
- What are the main segments that make up North America's biofuel consumption market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of the leading players?
- 7.4. What are the recent developments in the biofuel consumption industry?
- 8 Company Profiles
- 8.1. Poet LLC
- 8.2. Valero Energy Corp
- 8.3. Renewable Energy Group Inc
- 8.4. Neste Corp
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: North America biofuel consumption market value: $ million, 2018-23
- Table 2: North America biofuel consumption market volume: thousand barrel, 2018-23
- Table 3: North America biofuel consumption market category segmentation: % share, by value, 2018-23
- Table 4: North America biofuel consumption market category segmentation: $ million, 2018-23
- Table 5: North America biofuel consumption market geography segmentation: $ million, 2023
- Table 6: North America biofuel consumption market value forecast: $ million, 2023-28
- Table 7: North America biofuel consumption market volume forecast: thousand barrel, 2023-28
- Table 8: Poet LLC: Key Facts
- Table 9: Poet LLC: Key Employees
- Table 10: Valero Energy Corp: Key Facts
- Table 11: Valero Energy Corp: Annual Financial Ratios
- Table 12: Valero Energy Corp: Key Employees
- Table 13: Valero Energy Corp: Key Employees Continued
- Table 14: Renewable Energy Group Inc: Key Facts
- Table 15: Renewable Energy Group Inc: Key Employees
- Table 16: Neste Corp: Key Facts
- Table 17: Neste Corp: Annual Financial Ratios
- Table 18: Neste Corp: Key Employees
- Table 19: North America Exchange Rate, 2018-23
- List of Figures
- Figure 1: 220 Laboratories Inc: Deal Activity by Deal Type - Volume (2020 - YTD*2024)
- Figure 2: 220 Laboratories Inc: Private Equity and Ownership Volume and Value Trend (2020 - YTD*2024)
- Figure 3: 220 Laboratories Inc: Private Equity and Ownership Volume by Deal Type (2020 - YTD*2024)
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