Brazil Biofuels Market Size & Outlook, 2024-2030
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Brazil biofuels market highlights
- The Brazil biofuels market generated a revenue of USD 15,095.2 million in 2023 and is expected to reach USD 28,315.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 9.6% from 2024 to 2030.
- In terms of segment, liquid 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.
Biofuels market data book summary
| Market revenue in 2023 | USD 15,095.2 million |
| Market revenue in 2030 | USD 28,315.5 million |
| Growth rate | 9.6% (CAGR from 2024 to 2030) |
| Largest segment | Liquid biofuel |
| Fastest growing segment | Liquid Biofuel |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 15.2% of the global biofuels market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil biofuels market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 2,583.3 million by 2030.
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Biofuels Market Scope
Biofuels Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Air Liquide SA | View profile | 67800 | 75, Quai d'Orsay, Paris, France, 75007 | https://www.airliquide.com |
| Bunge Global SA | View profile | 23000 | 1391 Timberlake Manor Parkway, Chesterfield, MO, United States, 63017 | https://www.bunge.com |
| Petroleo Brasileiro SA Petrobras ADR | View profile | 40213 | Avenida Republica do Chile, 65, Rio de Janeiro, RJ, Brazil, 20031-912 | https://www.petrobras.com.br |
| Green Plains Inc | View profile | 921 | 1811 Aksarben Drive, Omaha, NE, United States, 68106 | https://www.gpreinc.com |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| International Flavors & Fragrances Inc | View profile | 21500 | 521 West 57th Street, New York, NY, United States, 10019-2960 | https://www.iff.com |
| Wilmar International Ltd | View profile | 100000 | 28 Biopolis Road, Wilmar International, Singapore, Singapore, 138568 | https://www.wilmar-international.com |
| Archer-Daniels Midland Co | View profile | 41802 | 77 West Wacker Drive, Suite 4600, Chicago, IL, United States, 60601 | https://www.adm.com |
| Chevron Corp | View profile | 45600 | 6001 Bollinger Canyon Road, San Ramon, CA, United States, 94583-2324 | https://www.chevron.com |
Brazil 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 90.6% in 2023. Horizon Databook has segmented the Brazil biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
The investments for the development of biorefineries in Brazil are expected to increase during the forecast period. Surged investments in the country have been made to produce biofuels.
These fuels have been anticipated to have a reduction in greenhouse gas emissions and highly adverse impacts on the environment. Brazil has been continuing to maintain a 27% ethanol blending rate. In late 2017, the government of the country passed the RenovaBill, which mandates a minimum blending rate of approximately 30% by 2022 and 40% by 2030.
Similarly, in 2017, Brazil also introduced a tariff rate quota (TRQ) for bioethanol of 600 million liters per year for two years. Imports above 750 Million liters per year have been predicted to be charged with a high import duty of up to 20%.
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Target buyers of Brazil biofuels market databook
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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 country-level data and insights on the Brazil biofuels market , including forecasts for subscribers. This country databook contains high-level insights into Brazil biofuels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil Form - Biofuels Market size, 2023 - 2030 (US$M)
Brazil Biofuels Market Outlook Share, 2023 & 2030 (US$M)
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