Malaysia Biofuels Market Size & Outlook, 2023-2030
Malaysia biofuels market, 2018-2030 (US$M)
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Malaysia biofuels market highlights
- The Malaysia biofuels market generated a revenue of USD 1,207.0 million in 2023 and is expected to reach USD 2,707.0 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 12.2% 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 1,207.0 million |
| Market revenue in 2030 | USD 2,707.0 million |
| Growth rate | 12.2% (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, Malaysia accounted for 1.2% 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 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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Malaysia 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 60.95% in 2023. Horizon Databook has segmented the Malaysia biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
The rising utilization of biofuels in transportation sector along with the government policies for blending mandates and subsidies is expected to drive the biofuels market in the country.
For instance, in January 2022, The Malaysian government announced plans to implement a 20% biodiesel blending mandate by the end of 2022 as part of the B20 palm oil biofuel program.
The mandate was originally scheduled for 2020, however it was postponed due to the pandemic outbreaks. Moreover, the ongoing trade of biodiesel and bioethanol in the country is expected to boost the biofuels market in the coming years.
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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 Malaysia biofuels market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia biofuels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Malaysia biofuels market size, by form, 2018-2030 (US$M)
Malaysia Biofuels Market Outlook Share, 2023 & 2030 (US$M)
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