Asia Pacific Biofuels Market Size & Outlook, 2023-2030
Asia Pacific biofuels market, 2018-2030 (US$M)
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Asia Pacific biofuels market highlights
- The Asia Pacific biofuels market generated a revenue of USD 19,799.6 million in 2023.
- The market is expected to grow at a CAGR of 12.1% from 2024 to 2030.
- In terms of segment, gaseous biofuel was the largest revenue generating form in 2023.
- Liquid Biofuel is the most lucrative form segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 19,799.6 million |
| Market revenue in 2030 | USD 43,944.0 million |
| Growth rate | 12.1% (CAGR from 2023 to 2030) |
| Largest segment | Gaseous 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 |
| Key market players worldwide | Air Liquide SA, Archer-Daniels Midland Co, Bunge Global SA, Green Plains Inc, Petroleo Brasileiro SA Petrobras ADR, Chevron Corp, International Flavors & Fragrances Inc, Shell PLC, Wilmar International Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 19.9% of the global biofuels market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 43,944.0 million by 2030.
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Biofuels Market Scope
Biofuels Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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.
Gaseous biofuel was the largest segment with a revenue share of 42.84% in 2023. Horizon Databook has segmented the Asia Pacific biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
Biofuels market in Asia Pacific is still in its initial development phase and is expected to witness the fastest growth from 2023 to 2030. The primary reasons for this growth of the market in the region are increased demand for biofuels in Asia Pacific and growing investments by the public and private sectors for the development of biofuel technologies in the region.
Moreover, the stringent implementation of various environmental regulations and the surged demand for energy in Asia Pacific also support the growth of biofuel market in the region. Similarly, the increasing investments from public and private sectors in China and India for the production of biofuels are driving the growth of the market in Asia Pacific.
The primary factors behind the considerable growth of biofuel market in this region are increasing government initiatives for ensuring energy security and energy independence, along with flourishing biotechnology industry in Asia Pacific.
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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 continent-level data and insights on the Asia Pacific biofuels market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific biofuels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific biofuels market size, by country, 2018-2030 (US$M)
Asia Pacific Biofuels Market Outlook Share, 2023 & 2030 (US$M)
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