Global Biofuels Market Size & Outlook, 2023-2030
Global biofuels market, 2018-2030 (US$M)
Related Markets
Global biofuels market highlights
- The global biofuels market generated a revenue of USD 99,529.8 million in 2023 and is expected to reach USD 207,871.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 11.1% by 2030.
- In terms of segment, liquid biofuel accounted for a revenue of USD 43,819.8 million in 2023.
- Liquid Biofuel is the most lucrative form segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 99,529.8 million |
| Market revenue in 2030 | USD 207,871.5 million |
| Growth rate | 11.1% (CAGR from 2023 to 2030) |
| Largest segment | Liquid biofuel |
| Fastest growing segment | Liquid Biofuel |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solid Biofuel, Liquid Biofuel, Gaseous Biofuel |
Other key industry trends
- In terms of revenue, the North America accounted for 33.3% of the global biofuels market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 28,315.5 million by 2030.
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Biofuels Market Scope
Biofuels Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global biofuels market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biofuels market will help companies and investors design strategic landscapes.
Liquid biofuel was the largest segment with a revenue share of 44.03% in 2023. Horizon Databook has segmented the Global biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Biofuels Form Outlook (Revenue, USD Million, 2018-2030)
- Solid Biofuel
- Liquid Biofuel
- Gaseous Biofuel
- Global Biofuels Product Outlook (Revenue, USD Million, 2018-2030)
- Biodiesel
- Ethanol
- Wood Pellets
- Others
- Global Biofuels Feedstock Outlook (Revenue, USD Million, 2018-2030)
- Corn
- Sugarcane
- Vegetable Oils
- Others
- Global Biofuels Application Outlook (Revenue, USD Million, 2018-2030)
- Transportation
- Aviation
- Energy Generation
- Heating
- Others
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Our clientele includes a mix of biofuels market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global biofuels market , including forecasts for subscribers. This global databook contains high-level insights into Global biofuels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global biofuels market size, by regions, 2018-2030 (US$M)
Top 10 countries: Biofuels market size, 2023 (US$M)
Global biofuels market share, by form, 2023 & 2030 (%, US$M)
Biofuels market: Opportunity assessment by country
Global biofuels market, by region, 2023 (US$M)
Related regional statistics
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