South Africa Biofuels Market Size & Outlook, 2023-2030
South Africa biofuels market, 2018-2030 (US$M)
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South Africa biofuels market highlights
- The South Africa biofuels market generated a revenue of USD 12.6 million in 2023 and is expected to reach USD 24.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.9% 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 12.6 million |
| Market revenue in 2030 | USD 24.3 million |
| Growth rate | 9.9% (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
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia biofuels market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 205.7 million by 2030.
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Biofuels Market Scope
Biofuels Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 50.79% in 2023. Horizon Databook has segmented the South Africa biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa's biogas market is expected to provide many opportunities for the market because of ongoing concerns towards GHG emission levels in the country. The country is focusing on developing its biofuels market to limit carbon emissions in the country.
For instance, in June 2019 South African government introduced a carbon tax that will boost investments for low carbon alternatives, ensuring zero waste to the landfill and a decrease in GHG emissions in the country.
Similarly, the Biofuels Industrial Strategy, part of the Petroleum Products Act, mandates biofuel blending of 2%-10% for bioethanol and a minimum of 5% for biodiesel from 2015 onwards. Such initiatives will directly influence the demand for biofuels in the country in the forecast period.
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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 South Africa biofuels market , including forecasts for subscribers. This country databook contains high-level insights into South Africa biofuels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa biofuels market size, by form, 2018-2030 (US$M)
South Africa Biofuels Market Outlook Share, 2023 & 2030 (US$M)
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