Biofuels Market
Biofuels Market Analysis by Type (Biodiesel, Bioethanol, Others), Feedstock (Corn-based Biofuel, Sugarcane-based Biofuel, Vegetable Oil-based Biofuel, Other Feedstock-based Biofuel), Application (Biofuel for Land Transport, Biofuel for Shipping, Biofuel for Other Applications) and Region Forecast till 2032
Analysis of Biofuels market covering 30+ countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Biofuels Market Growth Outlook (2022 to 2032)
The global revenue from the sales of biofuels in 2021 was US$ 140.43 Billion. The industry is likely to expand at a CAGR of 4.8% during 2022 to 2032.
Bioethanol is expected to be the highest revenue generating segment, accounting for an absolute dollar opportunity of nearly US$ 53.6 Billion over the next ten years.
| Report Attribute | Detail |
|---|---|
| Market Size in 2021 | US$ 140.43 Billion |
| Market Value in 2022 | US$ 147.17 Billion |
| Anticipated Forecast Value (2032) | US$ 235.20 Billion |
| Projected Growth Rate (2022 to 2032) | 4.8% CAGR |
| Expected Market Share of the U.S. Market (2032) | 45% |
| Anticipated CAGR of China (2022 to 2032) | 6% |
| Major Biofuels Providers | Bunge Limited; Archer Daniels Midland Company; Valero Energy Corp.; Petrobras; Butamax; Renewable Energy Corp.; Wilmar International; Algenol; Pacific Ethanol Inc.; Poet, Llc; Flint Hills Resources; The Andersons, Inc.; Raizen S.A.; Copersucar S.A.; Abengoa, S. A.; Alpha Biofuels |
Consumption Analysis of Biofuels from 2017 to 2021 Compared to Demand Outlook for 2022 to 2032
As per the biofuels industry research by Fact.MR - a market research and competitive intelligence provider, historically, from 2017 to 2021, market value increased at around 4.3% CAGR, where revenue was largely dominated by the U.S., Brazil, Indonesia, Germany, France, and China.
Global endeavour to replace fossil fuels with biofuels for a sustainable ecosystem has led to significant increase in the production of the latter. Concerns of environmentalists and policymakers across the globe to reduce greenhouse gas pollutant emissions, fossil resource depletion, and dependence on unstable foreign suppliers are expected to further elevate production and consumption of biofuels during the forecast period.
- Fact.MR estimates that biofuel revenue will grow 1.6X from 2022 to 2032, reaching nearly US$ 235.20 Billion by 2032.
- Revenue through bioethanol will account for over 65% share, owing to its suitability in automotive applications.
- Based on feedstock, corn-based biofuel commands over 1/4 of over biofuel revenue.
- Top 5 providers of biofuels held around 21% market share in 2021.
Which are Some Prominent Drivers of Biofuels Market?
Fuel Policy Formulators Maintained a Non-deviated Demand Growth for Biofuels
In certain countries, biofuels demand have been accelerating due to the fuel policymakers’ support. For instance, RenovaBio program in Brazil will necessitate the fuel distributors to obtain emission reduction certificate.
Secondly, the competitive prices of gasoline and bioethanol in the country have been driving fuel demand in favour of biofuels. On the other hand, in the U.S., availability of blender’s tax credit has reduced refiners’ burden of competitiveness for biodiesel blending.
Supply of Sugarcane and Corn - The Equation between Food and Biofuel at the Supply Level
Corn and sugarcane account for over 50% of the required feedstocks for biofuel production. While they are being used in the production of biofuels, their prime utility remains in the production of food products in most countries. Hence, providers of sugarcane and corn need to strike a balance between the two commodities.
In Brazil, while sugarcane is primarily used for biofuel production, corn production has also grown significantly. As compared to 2014, when corn production was under 80 Mn tons in Brazil, in 2020, it crossed the 100 Mn tons mark.
Also, the proportion of corn used in ethanol production has increased significantly over the years. As compared to 44 Mn liters of corn ethanol production in 2014, the country produced 2,500 Mn liters of corn ethanol in 2020, thus reducing dependence on sugarcane. While consumption of corn in ethanol has been growing, production of corn has also increased substantially over the years, thus justifying the balance of supply in food and biofuel sub-sectors.
Research in Progress in Automotive Space - Making Biofuel Providers Expect Better
In July 2021, Volkswagen announced R&D for biofuel-based engines targeted at emerging markets. The research is likely to be mostly carried out in Brazil in conjunction with the government, universities, and agribusinesses. With this, the company also plans to phase out its combustion vehicle production by 2035.
What are the Challenges Faced by the Biofuels Market?
Deforestation for sugarcane production creating roadblocks for growth of biofuels market
Sugarcane-based biofuel generally has good impression on the environmentalist; however, a low degree concern also exists with the issue of deforestation.
With the zeal of increasing the volume of sugarcane plantation to meet both, food and fuel demand, certain areas around the globe are being deforested. It is becoming an agenda of the increased carbon debt, thus raising some eyebrows against the expansion of sugarcane cultivation. Though, if pasture lands are managed as cropland, this issue can be addressed in the mid-to-long term.
Comparative View of Biofuels Markets
Biofuels Market :
| Attribute | Biofuels Market |
|---|---|
| CAGR (2022 to 2032) | 4.8% |
| Market Value (2032) | US$ 235.20 Billion |
| Growth Factor | Increasing demand for fuel from the automotive industry is bolstering the demand for biofuel. |
| Opportunity | Increasing research activities for using different types of feedstock across the globe is creating lucrative opportunities for biofuels. |
Wind Turbine Generator Market :
| Attribute | Wind Turbine Generator Market |
|---|---|
| CAGR (2022 to 2032) | 5.4% |
| Market Value (2032) | US$ 35.4 Billion |
| Growth Factor | Increasing demand for finding economic alternative to conventional energy is creating lucrative opportunities for wind turbine generator. |
| Opportunity | Increasing demand for industries to grow with wind power deployment at competitive price is creating growth for wind turbine generators market. |
Solar Dryer Market :
| Attribute | Solar Dryer Market |
|---|---|
| CAGR (2022 to 2032) | 6.1% |
| Market Value (2032) | US$ 4.76 Billion |
| Growth Factor | Growing Innovation in solar dryers is aiding market expansion. |
| Opportunity | Several benefits of solar dryers in textile and agriculture industries augmenting market growth. |
Which Region is Projected to Offer the Largest Opportunity for Biofuel Suppliers?
With an absolute dollar opportunity of US$ 22.7 Billion, North America will remain the most lucrative region for biofuel demand. North America has sufficient harvest land for sugarcane, corn, as well as soybean production.
This makes it a self-sufficient country in terms of feedstock for biofuels. Transportation, especially trucks, significant use of biodiesel in the U.S., which further makes it a fertile ground for biofuel sales.
Why Does America Continue being the Nucleus of Global Biofuel Production?
Considering the statistics of U.S. Energy Information Administration, USDA Foreign Agricultural Service, Renewable Fuels Association, and Fact.MR secondary research, total estimated production of biofuels in the U.S. and Brazil in 2020 was over 9.5 Bn gallons.
While the two countries account for over 3/4 of global biofuel production, they also account for nearly 50% of global biofuel demand. Fuel ethanol and biodiesel in both countries are blended with fossil-based transportation fuels. In Brazil, biofuel for automotive directly competes with gasoline.
Country-wise Analysis
Sustainable Production of Biofuels Accelerating Growth of Market in China?
Bioethanol production contributing to market growth in China
In China, bioethanol is produced from corn and cassava. According to the International Energy Agency (IEA), ethanol consumption accounts for nearly 2% of its fuel demand; however, by 2024, it is expected to rise to more than triple.
Although China has already taken a strong stance to curb emissions through the electrification of its vehicles, its focus on biofuels can provide another alternative to users and policymakers alike. Thus, China is expected to register a CAGR of 6% for biofuels market.
Investment in Alternative Biofuel Infrastructure Bolstering Growth in Indonesia?
Vehicular electrification increasing rapid adoption of biofuels
Indonesia is known for its significant investments in biofuel infrastructure to meet its alternative fuel goal. The Institute for Essential Services Reform (IESR), also known as the Indonesian think tank, has projected biofuel demand in the country to reach 190 Mn tons by 2050.
At the same time, the government has also shown its ambition for vehicular electrification. With this, the Indonesian Chambers of Commerce and Industry (KADIN) predicts the country to become the world’s largest producer of lithium batteries in the coming years.
This makes a tweak in country’s objective of achieving 93 Million tons of biofuel demand by 2050 if the market for electric vehicles rises greater than expectations. Thus, Indonesia is expected to register a CAGR of 5% for biofuels market.
Country-wise Forecast CAGRs for the Biofuels Industry
| Country | CAGR |
|---|---|
| China | 6% |
| Indonesia | 5% |
| U.S. | 7% |
| Canada | 5% |
Category-wise Insights
Renewability of Ethanol Fuel Attracting Manufacturers for Production of Biofuels?
Ethanol’s usability for vehicular fuel gaining traction
Bioethanol is expected to account for over 65% revenue in the market in 2022. Ethanol, being a renewable fuel, can be produced from several plant materials known as biomass. As a blending agent for gasoline, ethanol is used to increase octane in vehicles and reduce carbon monoxide and smog-mixed emissions.
Easy Availability of Corn Increasing Use for Biofuel Production?
Rapid production of corn increasing production of biofuel
Corn accounted for over 30% of biofuel feedstock used globally. It is a highly available feedstock for the production of biofuel. However, requirement of sugarcane- and vegetable oil-based biofuels has also been increasing at a rapid pace.
Start-Ups for Biofuels Market
Key start-up players in the biofuel market are Innoltek, Manta Biofuel, Biofuel Evolution, Neozeo and Celtic Renewables
- Swedish start-up Neozeo is focusing on creating modules by using agricultural and municipal organic waste. Thus, the company’s system utilizes pressure swing adsorption technology along with porous materials to create biofuels.
- The US-based start-up, Manta Biofuel, a key player in the biofuels market is focusing on producing carbon-neutral crude oil biofuel. By harvesting algae in open ponds, the company utilizes patented magnetic harvesting technology that helps in collecting concentrated biomass. Furthermore, the company uses this convert the material into biofuel using hydrothermal liquefaction reactors.
Competitive Landscape
Key market players in the biofuel production are Bunge Limited, Archer Daniels Midland Company, Valero Energy Corp, Petrobras, Butamax, Renewable Energy Corp, Wilmar International, Algenol, Pacific Ethanol Inc., Poet, Llc, Flint Hills Resources, The Andersons, Inc., Raizen S.A., Copersucar S.A., Abengoa, S. A and Alpha Biofuels
According to Fact.MR’s market research analysis, innovations as well as product development have been prominent developments related to biofuel in recent years.
- In July 2021, Alpha Biofuels, a Singapore based company announced that it has blended its biofuel at its Tuas plant, wherein, it was converted from cooking oil that it had collected from food & beverage manufacturers. In the same month, it is also used as trial in the vessel The Frontier Jacaranda, which sailed on 93% standard fuel and 7% biofuel.
Key Segments Profiled in the Industry Survey
-
By Type :
- Biodiesel-based
- Bioethanol-based
- Other Biofuel Types
-
By Feedstock :
- Corn-based
- Sugarcane-based
- Vegetable Oil-based
- Other Feedstock-based Biofuel
-
By Application :
- Land Transport
- Shipping
- Other Applications
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Key Success Factors
- 6. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 7. Global Market Value Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type
- 8.1. Biodiesel
- 8.2. Bioethanol
- 8.3. Others
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
- 9.1. Land Transport
- 9.2. Shipping
- 9.3. Other Applications
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Feedstock
- 10.1. Corn
- 10.2. Sugarcane
- 10.3. Vegetable Oils
- 10.4. Other Feedstocks
- 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 17. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 19. Key Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Bunge Limited
- 21.2. Archer Daniels Midland Company
- 21.3. Valero Energy Corp.
- 21.4. Petrobras
- 21.5. Butamax
- 21.6. Renewable Energy Corp.
- 21.7. Wilmar International
- 21.8. Algenol
- 21.9. Pacific Ethanol Inc.
- 21.10. Poet, LLC
- 21.11. Flint Hills Resources
- 21.12. The Andersons, Inc.
- 21.13. Raizen S.A.
- 21.14. Copersucar S.A.
- 21.15. Abengoa, S.A.
- 21.16. Alpha Biofuels
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
List Of Table
Table 01: Global Market Volume (Gallons) and Value (US$ Mn), By Type, 2017 to 2021
Table 02: Global Market Volume (Gallons) and Value (US$ Mn), By Type, 2022 to 2032
Table 03: Global Market Volume (Gallons) and Value (US$ Mn), By Feedstock, 2017 to 2021
Table 04: Global Market Volume (Gallons) and Value (US$ Mn), By Feedstock, 2022 to 2032
Table 05: Global Market Volume (Gallons) and Value (US$ Mn), By Application, 2017 to 2021
Table 06: Global Market Volume (Gallons) and Value (US$ Mn), By Application, 2022 to 2032
Table 07: Global Market, By Region, 2017 to 2021
Table 08: Global Market, By Region, 2022 to 2032
Table 09: North America Market Volume (Gallons) and Value (US$ Mn), By Type, 2017 to 2021
Table 10: North America Market Volume (Gallons) and Value (US$ Mn), By Type, 2022 to 2032
Table 11: North America Market Volume (Gallons) and Value (US$ Mn), By Feedstock, 2017 to 2021
Table 12: North America Market Volume (Gallons) and Value (US$ Mn), By Feedstock, 2022 to 2032
Table 13: North America Market Volume (Gallons) and Value (US$ Mn), By Application, 2017 to 2021
Table 14: North America Market Volume (Gallons) and Value (US$ Mn), By Application, 2022 to 2032
Table 15: North America Market, By Country, 2017 to 2021
Table 16: North America Market, By Country, 2022 to 2032
Table 17: Latin America Market Volume (Gallons) and Value (US$ Mn), By Type, 2017 to 2021
Table 18: Latin America Market Volume (Gallons) and Value (US$ Mn), By Type, 2022 to 2032
Table 19: Latin America Market Volume (Gallons) and Value (US$ Mn), By Feedstock, 2017 to 2021
Table 20: Latin America Market Volume (Gallons) and Value (US$ Mn), By Feedstock, 2022 to 2032
Table 21: Latin America Market Volume (Gallons) and Value (US$ Mn), By Application, 2017 to 2021
Table 22: Latin America Market Volume (Gallons) and Value (US$ Mn), By Application, 2022 to 2032
Table 23: Latin America Market, By Country, 2017 to 2021
Table 24: Latin America Market, By Country, 2022 to 2032
Table 25: Europe Market Volume (Gallons) and Value (US$ Mn), By Type, 2017 to 2021
Table 26: Europe Market Volume (Gallons) and Value (US$ Mn), By Type, 2022 to 2032
Table 27: Europe Market Volume (Gallons) and Value (US$ Mn), By Feedstock, 2017 to 2021
Table 28: Europe Market Volume (Gallons) and Value (US$ Mn), By Feedstock, 2022 to 2032
Table 29: Europe Market Volume (Gallons) and Value (US$ Mn), By Application, 2017 to 2021
Table 30: Europe Market Volume (Gallons) and Value (US$ Mn), By Application, 2022 to 2032
Table 31: Europe Market, By Country, 2017 to 2021
Table 32: Europe Market, By Country, 2022 to 2032
Table 33: East Asia Market Volume (Gallons) and Value (US$ Mn), By Type, 2017 to 2021
Table 34: East Asia Market Volume (Gallons) and Value (US$ Mn), By Type, 2022 to 2032
Table 35: East Asia Market Volume (Gallons) and Value (US$ Mn), By Feedstock, 2017 to 2021
Table 36: East Asia Market Volume (Gallons) and Value (US$ Mn), By Feedstock, 2022 to 2032
Table 37: East Asia Market Volume (Gallons) and Value (US$ Mn), By Application, 2017 to 2021
Table 38: East Asia Market Volume (Gallons) and Value (US$ Mn), By Application, 2022 to 2032
Table 39: East Asia Market, By Country, 2017 to 2021
Table 40: East Asia Market, By Country, 2022 to 2032
Table 41: South Asia Market Volume (Gallons) and Value (US$ Mn), By Type, 2017 to 2021
Table 42: South Asia Market Volume (Gallons) and Value (US$ Mn), By Type, 2022 to 2032
Table 43: South Asia Market Volume (Gallons) and Value (US$ Mn), By Feedstock, 2017 to 2021
Table 44: South Asia Market Volume (Gallons) and Value (US$ Mn), By Feedstock, 2022 to 2032
Table 45: South Asia Market Volume (Gallons) and Value (US$ Mn), By Application, 2017 to 2021
Table 46: South Asia Market Volume (Gallons) and Value (US$ Mn), By Application, 2022 to 2032
Table 47: South Asia Market, By Country, 2017 to 2021
Table 48: South Asia Market, By Country, 2022 to 2032
Table 49: Oceania Market Volume (Gallons) and Value (US$ Mn), By Type, 2017 to 2021
Table 50: Oceania Market Volume (Gallons) and Value (US$ Mn), By Type, 2022 to 2032
Table 51: Oceania Market Volume (Gallons) and Value (US$ Mn), By Feedstock, 2017 to 2021
Table 52: Oceania Market Volume (Gallons) and Value (US$ Mn), By Feedstock, 2022 to 2032
Table 53: Oceania Market Volume (Gallons) and Value (US$ Mn), By Application, 2017 to 2021
Table 54: Oceania Market Volume (Gallons) and Value (US$ Mn), By Application, 2022 to 2032
Table 55: Oceania Market, By Country, 2017 to 2021
Table 56: Oceania Market, By Country, 2022 to 2032
Table 57: MEA Market Volume (Gallons) and Value (US$ Mn), By Type, 2017 to 2021
Table 58: MEA Market Volume (Gallons) and Value (US$ Mn), By Type, 2022 to 2032
Table 59: MEA Market Volume (Gallons) and Value (US$ Mn), By Feedstock, 2017 to 2021
Table 60: MEA Market Volume (Gallons) and Value (US$ Mn), By Feedstock, 2022 to 2032
Table 61: MEA Market Volume (Gallons) and Value (US$ Mn), By Application, 2017 to 2021
Table 62: MEA Market Volume (Gallons) and Value (US$ Mn), By Application, 2022 to 2032
Table 63: MEA Market, By Country, 2017 to 2021
Table 64: MEA Market, By Country, 2022 to 2032
Table 65: Global Market Incremental $ Opportunity, By Type, 2017 to 2021
Table 66: Global Market Incremental $ Opportunity, By Feedstock, 2022 to 2032
Table 67: Global Market Incremental $ Opportunity, By Application, 2017 to 2021
Table 68: Global Market Incremental $ Opportunity, by Region, 2022 to 2032
Table 69: North America Market Incremental $ Opportunity, By Type, 2017 to 2021
Table 70: North America Market Incremental $ Opportunity, By Feedstock, 2022 to 2032
Table 71: North America Market Incremental $ Opportunity, By Application, 2017 to 2021
Table 72: North America Market Incremental $ Opportunity, by Country, 2022 to 2032
Table 73: Latin America Market Incremental $ Opportunity, By Type, 2017 to 2021
Table 74: Latin America Market Incremental $ Opportunity, By Feedstock, 2022 to 2032
Table 75: Latin America Market Incremental $ Opportunity, By Application, 2017 to 2021
Table 76: Latin America Market Incremental $ Opportunity, by Country, 2022 to 2032
Table 77: Europe Market Incremental $ Opportunity, By Type, 2017 to 2021
Table 78: Europe Market Incremental $ Opportunity, By Feedstock, 2022 to 2032
Table 79: Europe Market Incremental $ Opportunity, By Application, 2017 to 2021
Table 80: Europe Market Incremental $ Opportunity, by Country, 2022 to 2032
Table 81: East Asia Market Incremental $ Opportunity, By Type, 2017 to 2021
Table 82: East Asia Market Incremental $ Opportunity, By Feedstock, 2022 to 2032
Table 83: East Asia Market Incremental $ Opportunity, By Application, 2017 to 2021
Table 84: East Asia Market Incremental $ Opportunity, by Country, 2022 to 2032
Table 85: South Asia Market Incremental $ Opportunity, By Type, 2017 to 2021
Table 86: South Asia Market Incremental $ Opportunity, By Feedstock, 2022 to 2032
Table 87: South Asia Market Incremental $ Opportunity, By Application, 2017 to 2021
Table 88: South Asia Market Incremental $ Opportunity, by Country, 2022 to 2032
Table 89: Oceania Market Incremental $ Opportunity, By Type, 2017 to 2021
Table 90: Oceania Market Incremental $ Opportunity, By Feedstock, 2022 to 2032
Table 91: Oceania Market Incremental $ Opportunity, By Application, 2017 to 2021
Table 92: Oceania Market Incremental $ Opportunity, by Country, 2022 to 2032
Table 93: MEA Market Incremental $ Opportunity, By Type, 2017 to 2021
Table 94: MEA Market Incremental $ Opportunity, By Feedstock, 2022 to 2032
Table 95: MEA Market Incremental $ Opportunity, By Application, 2017 to 2021
Table 96: MEA Market Incremental $ Opportunity, by Country, 2022 to 2032
List Of Figures
Figure 01: Global Market Value (US$ Mn) and Year-on-Year Growth, 2017 to 2032
Figure 02: Global Market Absolute $ Historical Gain (2017 to 2021) and Opportunity (2022 to 2032), US$ Mn
Figure 03: Global Market Share, By Type, 2022 & 2032
Figure 04: Global Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Figure 05: Global Market Attractiveness Index, By Type - 2022 to 2032
Figure 06: Global Market Share, By Feedstock, 2022 & 2032
Figure 07: Global Market Y-o-Y Growth Projections, By Feedstock - 2022 to 2032
Figure 08: Global Market Attractiveness Index, By Feedstock - 2022 to 2032
Figure 09: Global Market Share, By Application, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 11: Global Market Attractiveness Index, By Application - 2022 to 2032
Figure 12: Global Market Share, By Application, 2022 & 2032
Figure 13: Global Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 14: Global Market Attractiveness Index, By Application - 2022 to 2032
Figure 15: Global Market Share, by Region, 2022 & 2032
Figure 16: Global Market Y-o-Y Growth Projections, by Region - 2022 to 2032
Figure 17: Global Market Attractiveness Index, by Region - 2022 to 2032
Figure 18: North America Market Value (US$ Mn) and Year-on-Year Growth, 2017 to 2032
Figure 19: North America Market Absolute $ Opportunity Historical (2017 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 20: North America Market Share, By Type, 2022 & 2032
Figure 21: North America Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Figure 22: North America Market Attractiveness Index, By Type - 2022 to 2032
Figure 23: North America Market Share, By Feedstock, 2022 & 2032
Figure 24: North America Market Y-o-Y Growth Projections, By Feedstock - 2022 to 2032
Figure 25: North America Market Attractiveness Index, By Feedstock - 2022 to 2032
Figure 26: North America Market Share, By Application, 2022 & 2032
Figure 27: North America Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 28: North America Market Attractiveness Index, By Application - 2022 to 2032
Figure 29: North America Market Share, By Application, 2022 & 2032
Figure 30: North America Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 31: North America Market Attractiveness Index, By Application - 2022 to 2032
Figure 32: North America Market Share, by Country, 2022 & 2032
Figure 33: North America Market Y-o-Y Growth Projections, by Country - 2022 to 2032
Figure 34: North America Market Attractiveness Index, by Country - 2022 to 2032
Figure 35: Latin America Market Value (US$ Mn) and Year-on-Year Growth, 2017 to 2032
Figure 36: Latin America Market Absolute $ Opportunity Historical (2017 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 37: Latin America Market Share, By Type, 2022 & 2032
Figure 38: Latin America Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Figure 39: Latin America Market Attractiveness Index, By Type - 2022 to 2032
Figure 40: Latin America Market Share, By Feedstock, 2022 & 2032
Figure 41: Latin America Market Y-o-Y Growth Projections, By Feedstock - 2022 to 2032
Figure 42: Latin America Market Attractiveness Index, By Feedstock - 2022 to 2032
Figure 43: Latin America Market Share, By Application, 2022 & 2032
Figure 44: Latin America Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 45: Latin America Market Attractiveness Index, By Application - 2022 to 2032
Figure 46: Latin America Market Share, By Application, 2022 & 2032
Figure 47: Latin America Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 48: Latin America Market Attractiveness Index, By Application - 2022 to 2032
Figure 49: Latin America Market Share, by Country, 2022 & 2032
Figure 51: Latin America Market Y-o-Y Growth Projections, by Country - 2022 to 2032
Figure 52: Latin America Market Attractiveness Index, by Country - 2022 to 2032
Figure 53: Europe Market Value (US$ Mn) and Year-on-Year Growth, 2017 to 2032
Figure 54: Europe Market Absolute $ Opportunity Historical (2017 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 55: Europe Market Share, By Type, 2022 & 2032
Figure 56: Europe Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Figure 57: Europe Market Attractiveness Index, By Type - 2022 to 2032
Figure 58: Europe Market Share, By Feedstock, 2022 & 2032
Figure 59: Europe Market Y-o-Y Growth Projections, By Feedstock - 2022 to 2032
Figure 60: Europe Market Attractiveness Index, By Feedstock - 2022 to 2032
Figure 61: Europe Market Share, By Application, 2022 & 2032
Figure 62: Europe Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 63: Europe Market Attractiveness Index, By Application - 2022 to 2032
Figure 64: Europe Market Share, By Application, 2022 & 2032
Figure 65: Europe Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 66: Europe Market Attractiveness Index, By Application - 2022 to 2032
Figure 67: Europe Market Share, by Country, 2022 & 2032
Figure 68: Europe Market Y-o-Y Growth Projections, by Country - 2022 to 2032
Figure 69: Europe Market Attractiveness Index, by Country - 2022 to 2032
Figure 71: MEA Market Value (US$ Mn) and Year-on-Year Growth, 2017 to 2032
Figure 72: MEA Market Absolute $ Opportunity Historical (2017 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 73: MEA Market Share, By Type, 2022 & 2032
Figure 74: MEA Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Figure 75: MEA Market Attractiveness Index, By Type - 2022 to 2032
Figure 76: MEA Market Share, By Feedstock, 2022 & 2032
Figure 77: MEA Market Y-o-Y Growth Projections, By Feedstock - 2022 to 2032
Figure 78: MEA Market Attractiveness Index, By Feedstock - 2022 to 2032
Figure 79: MEA Market Share, By Application, 2022 & 2032
Figure 80: MEA Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 81: MEA Market Attractiveness Index, By Application - 2022 to 2032
Figure 82: MEA Market Share, By Application, 2022 & 2032
Figure 83: MEA Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 84: MEA Market Attractiveness Index, By Application - 2022 to 2032
Figure 85: MEA Market Share, by Country, 2022 & 2032
Figure 86: MEA Market Y-o-Y Growth Projections, by Country - 2022 to 2032
Figure 87: MEA Market Attractiveness Index, by Country - 2022 to 2032
Figure 88: East Asia Market Value (US$ Mn) and Year-on-Year Growth, 2015-2030
Figure 89: East Asia Market Absolute $ Opportunity Historical (2017 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 90: East Asia Market Share, By Type, 2022 & 2032
Figure 91: East Asia Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Figure 92: East Asia Market Attractiveness Index, By Type - 2022 to 2032
Figure 93: East Asia Market Share, By Feedstock, 2022 & 2032
Figure 94: East Asia Market Y-o-Y Growth Projections, By Feedstock - 2022 to 2032
Figure 95: East Asia Market Attractiveness Index, By Feedstock - 2022 to 2032
Figure 96: East Asia Market Share, By Application, 2022 & 2032
Figure 97: East Asia Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 98: East Asia Market Attractiveness Index, By Application - 2022 to 2032
Figure 99: East Asia Market Share, By Application, 2022 & 2032
Figure 100: East Asia Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 101: East Asia Market Attractiveness Index, By Application - 2022 to 2032
Figure 102: East Asia Market Share, by Country, 2022 & 2032
Figure 103: East Asia Market Y-o-Y Growth Projections, by Country - 2022 to 2032
Figure 104: East Asia Market Attractiveness Index, by Country - 2022 to 2032
Figure 105: South Asia Market Value (US$ Mn) and Year-on-Year Growth, 2017 to 2032
Figure 106: South Asia Market Absolute $ Opportunity Historical (2017 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 107: South Asia Market Share, By Type, 2022 & 2032
Figure 108: South Asia Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Figure 109: South Asia Market Attractiveness Index, By Type - 2022 to 2032
Figure 110: South Asia Market Share, By Feedstock, 2022 & 2032
Figure 111: South Asia Market Y-o-Y Growth Projections, By Feedstock - 2022 to 2032
Figure 112: South Asia Market Attractiveness Index, By Feedstock - 2022 to 2032
Figure 113: South Asia Market Share, By Application, 2022 & 2032
Figure 114: South Asia Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 115: South Asia Market Attractiveness Index, By Application - 2022 to 2032
Figure 116: South Asia Market Share, By Application, 2022 & 2032
Figure 117: South Asia Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 118: South Asia Market Attractiveness Index, By Application - 2022 to 2032
Figure 119: South Asia Market Share, by Country, 2022 & 2032
Figure 120: South Asia Market Y-o-Y Growth Projections, by Country - 2022 to 2032
Figure 121: South Asia Market Attractiveness Index, by Country - 2022 to 2032
Figure 122: Oceania Market Value (US$ Mn) and Year-on-Year Growth, 2017 to 2032
Figure 123: Oceania Market Absolute $ Opportunity Historical (2017 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 124: Oceania Market Share, By Type, 2022 & 2032
Figure 125: Oceania Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Figure 126: Oceania Market Attractiveness Index, By Type - 2022 to 2032
Figure 127: Oceania Market Share, By Feedstock, 2022 & 2032
Figure 128: Oceania Market Y-o-Y Growth Projections, By Feedstock - 2022 to 2032
Figure 129: Oceania Market Attractiveness Index, By Feedstock - 2022 to 2032
Figure 130: Oceania Market Share, By Application, 2022 & 2032
Figure 131: Oceania Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 132: Oceania Market Attractiveness Index, By Application - 2022 to 2032
Figure 133: Oceania Market Share, By Application, 2022 & 2032
Figure 134: Oceania Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 135: Oceania Market Attractiveness Index, By Application - 2022 to 2032
Figure 136: Oceania Market Share, by Country, 2022 & 2032
Figure 137: Oceania Market Y-o-Y Growth Projections, by Country - 2022 to 2032
Figure 138: Oceania Market Attractiveness Index, by Country - 2022 to 2032
Figure 139: US Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 140: US Market Share, By Type, 2021
Figure 141: US Market Share, By Feedstock, 2021
Figure 142: US Market Share, By Application, 2021
Figure 143: Canada Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 144: Canada Market Share, By Type, 2021
Figure 145: Canada Market Share, By Feedstock, 2021
Figure 146: Canada Market Share, By Application, 2021
Figure 147: Brazil Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 148: Brazil Market Share, By Type, 2021
Figure 149: Brazil Market Share, By Feedstock, 2021
Figure 150: Brazil Market Share, By Application, 2021
Figure 151: Mexico Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 152: Mexico Market Share, By Type, 2021
Figure 153: Mexico Market Share, By Feedstock, 2021
Figure 154: Mexico Market Share, By Application, 2021
Figure 155: Germany Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 156: Germany Market Share, By Type, 2021
Figure 157: Germany Market Share, By Feedstock, 2021
Figure 158: Germany Market Share, By Application, 2021
Figure 159: U.K. Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 160: U.K. Market Share, By Type, 2021
Figure 161: U.K. Market Share, By Feedstock, 2021
Figure 162: U.K. Market Share, By Application, 2021
Figure 163: France Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 164: France Market Share, By Type, 2021
Figure 165: France Market Share, By Feedstock, 2021
Figure 166: France Market Share, By Application, 2021
Figure 167: Italy Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 168: Italy Market Share, By Type, 2021
Figure 169: Italy Market Share, By Feedstock, 2021
Figure 170: Italy Market Share, By Application, 2021
Figure 171: BENELUX Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 172: BENELUX Market Share, By Type, 2021
Figure 173: BENELUX Market Share, By Feedstock, 2021
Figure 174: BENELUX Market Share, By Application, 2021
Figure 175: China Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 176: China Market Share, By Type, 2021
Figure 177: China Market Share, By Feedstock, 2021
Figure 178: China Market Share, By Application, 2021
Figure 179: Japan Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 180: Japan Market Share, By Type, 2021
Figure 181: Japan Market Share, By Feedstock, 2021
Figure 182: Japan Market Share, By Application, 2021
Figure 183: South Korea Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 184: South Korea Market Share, By Type, 2021
Figure 185: South Korea Market Share, By Feedstock, 2021
Figure 186: South Korea Market Share, By Application, 2021
Figure 187: India Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 188: India Market Share, By Type, 2021
Figure 189: India Market Share, By Feedstock, 2021
Figure 190: India Market Share, By Application, 2021
Figure 191: Indonesia Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 192: Indonesia Market Share, By Type, 2021
Figure 193: Indonesia Market Share, By Feedstock, 2021
Figure 194: Indonesia Market Share, By Application, 2021
Figure 195: Singapore Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 196: Singapore Market Share, By Type, 2021
Figure 197: Singapore Market Share, By Feedstock, 2021
Figure 198: Singapore Market Share, By Application, 2021
Figure 199: Australia Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 200: Australia Market Share, By Type, 2021
Figure 201: Australia Market Share, By Feedstock, 2021
Figure 202: Australia Market Share, By Application, 2021
Figure 203: New Zealand Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 204: New Zealand Market Share, By Type, 2021
Figure 205: New Zealand Market Share, By Feedstock, 2021
Figure 206: New Zealand Market Share, By Application, 2021
Figure 207: GCC Countries Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 208: GCC Countries Market Share, By Type, 2021
Figure 209: GCC Countries Market Share, By Feedstock, 2021
Figure 210: GCC Countries Market Share, By Application, 2021
Figure 211: South Africa Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 212: South Africa Market Share, By Type, 2021
Figure 213: South Africa Market Share, By Feedstock, 2021
Figure 214: South Africa Market Share, By Application, 2021
Figure 215: Turkey Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 216: Turkey Market Share, By Type, 2021
Figure 217: Turkey Market Share, By Feedstock, 2021
Figure 218: Turkey Market Share, By Application, 2021
- FAQs -
Which type of feedstock is expected to hold the maximum share for biofuels market?
Corn is expected to account for over 30% of biofuel feedstock used globally.
Which type of biofuel is expected to hold the maximum share for biofuels market?
Bioethanol is expected to account for over 65% revenue in the market in 2022.
At what percentage will the market for biofuels rise until 2032?
From 2022-2032, Fact.MR expects biofuels revenue to flourish at a 4.8% CAGR.
What is the expected market value for biofuels in 2032?
In 2032, biofuels market worth is poised to reach US$ 235.20 Billion.
How do growth prospects for biofuels appear in the North America?
North America is expected to create an absolute dollar opportunity of US$ 22.7 Billion.
How do growth prospects for biofuels appear in China?
China is expected to register a CAGR of 6% for biofuels market.
What are the growth prospects for China, Indonesia and U.S.?
China, U.S., and Indonesia will flourish at a CAGR of 18% combined until 2032.
At what value is the biofuels industry likely to close by 2022?
Fact.MR foresees biofuels demand to reach US$ US$ 147.17 Billion in 2022.
What was the market worth for biofuels in 2021?
As of 2021, the biofuels market was worth US$ 140.43 Billion.
Biofuels Market