UAE Biofuels Market Size & Outlook, 2023-2030
UAE biofuels market, 2018-2030 (US$M)
Related Markets
UAE biofuels market highlights
- The UAE biofuels market generated a revenue of USD 86.3 million in 2023 and is expected to reach USD 163.1 million by 2030.
- The UAE market is expected to grow at a CAGR of 9.5% 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 86.3 million |
| Market revenue in 2030 | USD 163.1 million |
| Growth rate | 9.5% (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, UAE 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 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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UAE 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 55.27% in 2023. Horizon Databook has segmented the UAE biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
The rise in environmental concerns is expected to drive the demand for the biofuels market across UAE. Favorable regulatory policies along with rising government investments will further boost the adoption of biofuels in the country.
For instance, the Dubai Municipality build a biogas plant at the Warsan sewage treatment plant, and this project will help decrease carbon dioxide emission. This project is guided by the Dubai Clean Energy Strategy 2050, and with this strategy, the city aims to become the world's minimum carbon footprint city by the year 2050.
Moreover, in January 2023, Masdar, the United Arab Emirates' renewable energy organization, Abu Dhabi National Oil organization (ADNOC), and oil and gas major BP have agreed to launch a joint feasibility study to investigate the development of sustainable aviation fuel (SAF) in the country.
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Target buyers of UAE biofuels market databook
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Our clientele includes a mix of biofuels market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 UAE biofuels market , including forecasts for subscribers. This country databook contains high-level insights into UAE biofuels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE biofuels market size, by form, 2018-2030 (US$M)
UAE Biofuels Market Outlook Share, 2023 & 2030 (US$M)
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