Spain Biofuels Market Size & Outlook, 2023-2030
Spain biofuels market, 2018-2030 (US$M)
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Spain biofuels market highlights
- The Spain biofuels market generated a revenue of USD 1,026.7 million in 2023 and is expected to reach USD 2,296.5 million by 2030.
- The Spain 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 1,026.7 million |
| Market revenue in 2030 | USD 2,296.5 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, Spain accounted for 1.0% 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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Spain 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 57.72% in 2023. Horizon Databook has segmented the Spain biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
Spain has become a major player in the solar PV and wind power market owing to supportive policies and financial tools provided by the government from 2008 onwards. Infrastructure for biofuel blending and delivery is an important aspect in market dynamics.
For instance, in June 2023, Naturgy, in collaboration with Compost Segrià, Sitra, and Servei de Gestió Ramadera, began processing a new renewable gas plant in Torrefarrera (Lleida), one of the key areas of Spain in terms of agricultural and livestock waste generation.
The factory will cost a total of 18 million euros to build. The facilities, which are slated to be operational in 2025, would treat 140,000 tonnes of agro-industrial and livestock waste from the region per year, generating 60 gigawatt hours (GWh) of renewable gas each year.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain biofuels market , including forecasts for subscribers. This country databook contains high-level insights into Spain biofuels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain biofuels market size, by form, 2018-2030 (US$M)
Spain Biofuels Market Outlook Share, 2023 & 2030 (US$M)
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