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Download Free sampleBiofuels 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 Biofuels Market only focuses on bioethanol and biodiesel.
Biofuels Market aims to provide a comprehensive presentation of the global market for Biofuels, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Biofuels. Biofuels Market contains market size and forecasts of Biofuels in global, including the following market information:
Global Biofuels Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Biofuels Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Biofuels companies in 2022 (%)
The global Biofuels market was valued at US$ 74940 million in 2022 and is projected to reach US$ 101970 million by 2029, at a CAGR of 4.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Biofuels manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
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