Germany Biofuels Market Size & Outlook, 2023-2030
Germany biofuels market, 2018-2030 (US$M)
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Germany biofuels market highlights
- The Germany biofuels market generated a revenue of USD 5,346.5 million in 2023 and is expected to reach USD 11,470.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 11.5% 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 5,346.5 million |
| Market revenue in 2030 | USD 11,470.6 million |
| Growth rate | 11.5% (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, Germany accounted for 5.4% 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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Germany 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 45.35% in 2023. Horizon Databook has segmented the Germany biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
Germany initially developed a reasonably widespread biofuel infrastructure, but after the federal government removed tax incentives in 2015, E85 nearly vanished from the country's service stations.
In 2021, Germany's biorefineries processed 1.3 million tons of sugar beet and 2.3 million tons of feed grain into bioethanol, as well as numerous co-products such as GMO-free protein animal feed, biogenic carbon dioxide or organic fertilizers and biogas.
The German Bioethanol Industry Association has released market data for certified sustainable bioethanol production and consumption in Germany through 2021. According to the organization, demand for Super E10 has increased dramatically.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany biofuels market , including forecasts for subscribers. This country databook contains high-level insights into Germany biofuels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany biofuels market size, by form, 2018-2030 (US$M)
Germany Biofuels Market Outlook Share, 2023 & 2030 (US$M)
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