UK Biofuels Market Size & Outlook, 2023-2030
UK biofuels market, 2018-2030 (US$M)
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UK biofuels market highlights
- The UK biofuels market generated a revenue of USD 2,253.9 million in 2023 and is expected to reach USD 4,793.7 million by 2030.
- The UK market is expected to grow at a CAGR of 11.4% 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 2,253.9 million |
| Market revenue in 2030 | USD 4,793.7 million |
| Growth rate | 11.4% (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, UK accounted for 2.3% 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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UK 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 48.31% in 2023. Horizon Databook has segmented the UK biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
In UK with the ever-increasing threat of energy safety, oil price volatility and growing political pressure to reduce greenhouse gas (GHG) emissions, UK has been focusing to develop a sustainable and economically viable alternative to traditional fossil-based fuels and to develop deep de-carbonization strategies.
Moreover, arable land used for bioenergy crops in the UK 96,000 hectare in 2019 which is 1.6% of total arable are in UK. In the UK, the bioethanol consumption is expected to increase because of an alteration of mandate in the biofuel legislation.
The target was set before electric vehicles became cost effective during the UK's membership in the European Union. In 2021 UK government decided to increase use of biofuels with the target of 9.6% in 2022, rising to 14.6 % by 2032.
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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 UK biofuels market , including forecasts for subscribers. This country databook contains high-level insights into UK biofuels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK biofuels market size, by form, 2018-2030 (US$M)
UK Biofuels Market Outlook Share, 2023 & 2030 (US$M)
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