France Biofuels Market Size & Outlook, 2023-2030
France biofuels market, 2018-2030 (US$M)
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France biofuels market highlights
- The France biofuels market generated a revenue of USD 6,139.7 million in 2023 and is expected to reach USD 13,389.3 million by 2030.
- The France market is expected to grow at a CAGR of 11.8% from 2024 to 2030.
- In terms of segment, solid 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 6,139.7 million |
| Market revenue in 2030 | USD 13,389.3 million |
| Growth rate | 11.8% (CAGR from 2023 to 2030) |
| Largest segment | Solid 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, France accounted for 6.2% 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 Europe, France biofuels market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 2,296.5 million by 2030.
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Biofuels Market Scope
Biofuels Market Companies
| Name | Profile | # Employees | HQ | Website |
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France 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.
Solid biofuel was the largest segment with a revenue share of 47.65% in 2023. Horizon Databook has segmented the France biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
In France, bioethanol consumption is growing owing to a rise in gas stations selling E10 and E85 combined at a cheaper price as compared to fossil gasoline. Moreover, gasoline demand (both renewable and fossil) is rising whereas diesel demand has been in a stagnant position.
At the beginning of 2018, it was 40% cheaper than gasoline. Additionally, the tax was reduced for E10 and raised for gasoline. E85 signifies less than a percent of gasoline sales in France and henceforth is expected to witness raise in the consumption level owing to being cheaper than gasoline.
Bioethanol production is expected to increase in France, The Energy Transition for Green Growth Act of 2015 and the Energy and Climate Law of 2019 set up 2030 targets for various energy sectors.
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Horizon Databook provides a detailed overview of country-level data and insights on the France biofuels market , including forecasts for subscribers. This country databook contains high-level insights into France biofuels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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France biofuels market size, by form, 2018-2030 (US$M)
France Biofuels Market Outlook Share, 2023 & 2030 (US$M)
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