Japan Biofuels Market Size & Outlook, 2023-2030
Japan biofuels market, 2018-2030 (US$M)
Related Markets
Japan biofuels market highlights
- The Japan biofuels market generated a revenue of USD 1,058.4 million in 2023 and is expected to reach USD 2,192.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 11% 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.
Biofuels market data book summary
| Market revenue in 2023 | USD 1,058.4 million |
| Market revenue in 2030 | USD 2,192.8 million |
| Growth rate | 11% (CAGR from 2023 to 2030) |
| Largest segment | Gaseous 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, Japan accounted for 1.1% 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 Asia Pacific, China biofuels market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,401.8 million by 2030.
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Biofuels Market Scope
Biofuels Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 46.08% in 2023. Horizon Databook has segmented the Japan biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
The market shows a firm and progressive development, and current policy strategies show the growing importance of biofuel production. Japan's government has taken the initiative to increase biofuel capacity in the country.
For instance, in May 2022, Japan pledged to utilize all available advances to boost demand for bioethanol by 2030. The principal aim for reaching that pledge is increasing domestic production of sustainable aviation fuel (SAF), especially alcohol-to-jet SAF.
Various market players have started escalating their business to cater to this rise in demand. For instance, in April 2023, Neste, ITOCHU Corporation, and Fuji Oil Company partnered to deliver sustainable aviation fuel (SAF) to the Japanese market as part of a demonstration initiative of the Japanese Ministry of Land, Infrastructure, Transport, and Tourism (MIT's Civil Aviation Bureau).
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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 Japan biofuels market , including forecasts for subscribers. This country databook contains high-level insights into Japan biofuels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan biofuels market size, by form, 2018-2030 (US$M)
Japan Biofuels Market Outlook Share, 2023 & 2030 (US$M)
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