Mexico Biofuels Market Size & Outlook, 2023-2030
Mexico biofuels market, 2018-2030 (US$M)
Related Markets
Mexico biofuels market highlights
- The Mexico biofuels market generated a revenue of USD 119.0 million in 2023 and is expected to reach USD 276.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 12.8% from 2024 to 2030.
- In terms of segment, liquid biofuel was the largest revenue generating form in 2023.
- Solid 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 119.0 million |
| Market revenue in 2030 | USD 276.7 million |
| Growth rate | 12.8% (CAGR from 2023 to 2030) |
| Largest segment | Liquid biofuel |
| Fastest growing segment | Solid 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, Mexico accounted for 0.1% 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 North America, U.S. biofuels market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 276.7 million by 2030.
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Biofuels Market Scope
Biofuels Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 49.33% in 2023. Horizon Databook has segmented the Mexico biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
The limited supply of fossil fuel-based resources, as well as increased awareness about reducing carbon emissions, are projected to drive market expansion in the country. Mexico's government (GOM) amended its Nationally Determined Contribution (NDC) to the Paris Agreement.
It includes key goals such as reducing GHG emissions by 22% and black carbon emissions by 51% by 2030. The growing construction activities in the country have increased carbon emissions. Mexico has developed rules and regulations to encourage the use of renewable energy sources, such as biofuels.
The collaboration is enlisting the private sector and real estate developers to promote the use of efficient cooling systems in residential, commercial, and municipal-owned buildings, which is especially crucial given that Mexico City is witnessing a building boom due to population expansion.
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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 Mexico biofuels market , including forecasts for subscribers. This country databook contains high-level insights into Mexico biofuels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico biofuels market size, by form, 2018-2030 (US$M)
Mexico Biofuels Market Outlook Share, 2023 & 2030 (US$M)
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