Thailand Biofuels Market Size & Outlook, 2023-2030
Thailand biofuels market, 2018-2030 (US$M)
Related Markets
Thailand biofuels market highlights
- The Thailand biofuels market generated a revenue of USD 2,414.2 million in 2023 and is expected to reach USD 5,378.8 million by 2030.
- The Thailand market is expected to grow at a CAGR of 12.1% 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 2,414.2 million |
| Market revenue in 2030 | USD 5,378.8 million |
| Growth rate | 12.1% (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, Thailand accounted for 2.4% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Biofuels Market Scope
Biofuels Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Thailand 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 48.79% in 2023. Horizon Databook has segmented the Thailand biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
Several farmers, especially in the northwestern regions of Thailand, have been encouraged by traders from the country to start growing biofuel crops (mainly Jatropha curcas) for exports, which offer high prices for these crops.
The Government of Thailand has introduced several policies and incentives such as waiving excise taxes for ethanol-blended gasoline and subsidizing gasohol. This subsidy ensures that the price of a liter of gasohol in the country is less than the cost of one liter of regular gas.
Along with two different types of E85 and E10 (octane ratings of 91 and 95), Thailand is one of the few economies in Asia Pacific wherein E20 is available at a retail level.
Reasons to subscribe to Thailand biofuels market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Thailand biofuels market databook
-
Our clientele includes a mix of biofuels market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Thailand biofuels market , including forecasts for subscribers. This country databook contains high-level insights into Thailand biofuels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Thailand biofuels market size, by form, 2018-2030 (US$M)
Thailand Biofuels Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
