Report Highlights
The global market for biofuels is estimated to increase from $125.9 billion in 2023 to reach $143.8 billion by 2028 with a compound annual growth rate (CAGR) of 2.7% during the forecast period of 2023-2028.
Report Includes
- 18 data tables and 27 additional tables
- An overview of the global markets for liquid biofuels
- An estimate of market size and analyses of global market trends, with data from 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
- An evaluation of the market potential for biofuels based on biofuel type and region
- Coverage of technical and commercial developments in advanced biofuels, and an assessment of manufacturing methods, feedstock options, typical plant costs, operating margins, and the emerging technologies in the biofuel sector
- A look at the regulatory framework regarding the use of biofuels, incentives for fuel production, and the number and capacity of manufacturing plants; and information on the Paris Climate Accords, investments in biofuel technologies, and collaborations between companies
- Analysis of significant patent activity in biofuels
- A market outlook for the major companies, including a market share analysis and assessment of the competitive landscape
- Company profiles of major players within the industry, including ADM, Chevron Renewable Energy Group, Green Plains Inc., and HF Sinclair Corp.
Report Scope
This BCC Research report presents an overview of biofuel types, manufacturing methods, feedstock options, typical plant costs, and operating margins, followed by an analysis of major geographical markets: North America, Europe, South America, Asia-Pacific, Africa, and the Middle East. Each regional evaluation includes market size estimates for ethanol, biodiesel, and other fuel types sales and a forecast for growth to 2028. The report also presents the technical and commercial developments in advanced biofuels and emerging technologies in the biofuel sector. The report concludes with a competitive landscape of the global biofuel market. The report will also discuss emerging technologies in the biofuel sector and conclude with company profiles of the various players in the area.
Report Synopsis
| Report Metrics | Details | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2022 | ||||||||
| Forecast period considered | 2023-2028 | ||||||||
| Base year market size | $117.7 billion | ||||||||
| Market size forecast | $143.8 billion | ||||||||
| Growth rate | CAGR of 2.7% for the forecast period of 2023-2028 | ||||||||
| Units considered | $ Millions | ||||||||
| Segments covered | Biofuel Type, Region | ||||||||
| Regions covered | North America, South America, Europe, Asia-Pacific, Middle East and Africa | ||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Energy security
- Biofuel policies and incentives
- Biofuels market by fuel type
- Biofuels market by region
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global liquid biofuels market should reach $153.8 billion by 2024 from $136.2 billion in 2019 at a compound annual growth rate (CAGR) of 2.2% for the forecast period of 2019 to 2024.
Report Highlights
The market for liquid biofuels outside of North America totaled $48.8 billion in 2014 and $41.7 billion in 2015. This market is expected to reach $89.6 billion by 2020, with a compound annual growth rate (CAGR) of 16.5%.
Report Highlights
- The global market for liquid biofuels was worth $30.3 billion in 2008. This is expected to increase to $42.8 billion in 2013, for a compound annual growth rate (CAGR) of 7.2%.
- First generation biofuels currently dominate the market, generating $30.3 billion in 2008. This should increase at a CAGR of 7.1% to reach $42.6 billion in 2013.
- The other fuels segment is expected to increase from $17.1 million in 2008 to $138.0 million in 2013, for a CAGR of 51.8%.
Report Highlights
- The North American market for liquid biofuels was worth $37.3 billion in 2008. This is expected to decrease slightly to $34.2 billion in 2013, for a compound annual growth rate (CAGR) of (1.7%. )
- First generation biofuels currently dominate the market, generating $37.3 billion in 2008. This should decrease at a CAGR of -1.7% to reach $34.2 billion in 2013.
- The other fuels segment is expected to increase from $2.0 million in 2008 to $308.0 million in 2013, for a CAGR of 173.8%.
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