Marine Biofuel Market

Marine Biofuel Market Size and Share Forecast Outlook 2025 to 2035

Marine biofuel market is projected to grow from USD 7.6 billion in 2025 to USD 15.4 billion by 2035, at a CAGR of 7.3%. FAME/Biodiesel will dominate with a 60.0% market share, while b20 & below will lead the blend segment with a 55.0% share.

Marine Biofuel Market Forecast and Outlook 2025 to 2035

The global marine biofuel market is projected to reach USD 15.5 billion by 2035, recording an absolute increase of USD 7.9 billion over the forecast period. The market is valued at USD 7.6 billion in 2025 and is set to rise at a CAGR of 7.3% during the assessment period.

The overall market size is expected to grow by nearly 2.0 times during the same period, supported by increasing adoption of alternative fuel solutions across maritime shipping sectors, driving demand for advanced biofuel technologies, and expanding investments in marine decarbonization initiatives and low-carbon fuel infrastructure globally. High production costs for advanced biofuels and limited supply chain infrastructure may pose challenges to market expansion.

Quick Stats for Marine Biofuel Market

  • Marine Biofuel Market Value (2025): USD 7.6 billion
  • Marine Biofuel Market Forecast Value (2035): USD 15.5 billion
  • Marine Biofuel Market Forecast CAGR: 7.3%
  • Leading Fuel Type in Marine Biofuel Market: FAME/Biodiesel (60%)
  • Key Growth Regions in Marine Biofuel Market: Asia Pacific, Europe, and North America
  • Top Players in Marine Biofuel Market: Neste, Shell, bp, TotalEnergies, Chevron, Valero, MOL, NYK, Maersk, GoodFuels
  • Marine Biofuel Market Year-over-Year Forecast (2025-2035)

Marine Biofuel Market Market Value Analysis

Between 2025 and 2030, the marine biofuel market is projected to expand from USD 7.6 billion to USD 10.8 billion, resulting in a value increase of USD 3.2 billion, which represents 40.8% of the total forecast growth for the decade. This phase of development will be shaped by rising demand for decarbonization solutions and regulatory compliance measures, product innovation in biofuel formulations and blending technologies, as well as expanding integration with maritime operations and fuel supply infrastructure systems. Companies are establishing competitive positions through investment in biofuel production and development, high-performance fuel technologies, and strategic market expansion across deep-sea, short-sea, and inland shipping applications.

From 2030 to 2035, the market is forecast to grow from USD 10.8 billion to USD 15.5 billion, adding another USD 4.7 billion, which constitutes 59.2% of the overall ten-year expansion. This period is expected to be characterized by the expansion of advanced biofuel formulations, including next-generation fuel systems and integrated supply solutions tailored for specific maritime applications, strategic collaborations between fuel producers and shipping operators, and an enhanced focus on regulatory harmonization and carbon reduction practices. The growing emphasis on emission reduction and environmental compliance will drive demand for comprehensive biofuel solutions across diverse maritime applications.

Marine Biofuel Market Key Takeaways

Metric Value
Market Value (2025) USD 7.6 billion
Market Forecast Value (2035) USD 15.5 billion
Forecast CAGR (2025-2035) 7.3%

Why is the Marine Biofuel Market Growing?

The marine biofuel market grows by enabling shipping operators to achieve emission reduction targets while accessing advanced fuel technologies without substantial infrastructure modifications. Maritime companies and shipping operations face mounting pressure to reduce carbon emissions and comply with strict environmental regulations, with biofuels typically providing 70-85% emission reduction rates compared to conventional marine fuels, making alternative solutions essential for regulatory compliance positioning. The shipping industry's need for decarbonization and application-specific fuel compatibility creates demand for comprehensive biofuel solutions that can provide superior environmental performance, maintain engine reliability, and ensure regulatory compliance without compromising operational standards or voyage requirements.

Government initiatives promoting maritime decarbonization and environmental protection drive adoption in deep-sea, short-sea, and inland shipping applications, where fuel transition has a direct impact on emission reduction and operational compliance. Supply availability constraints during transition phases and the infrastructure requirements for biofuel distribution may limit accessibility among smaller shipping operators and developing regions with limited technical infrastructure for alternative fuel systems.

Segmental Analysis

The market is segmented by fuel type, blend, end user, and region. By fuel type, the market is divided into FAME/biodiesel, HVO, and others. Based on blend, the market is categorized into B20 & below, B21-B50, and >B50/HVO neat. By end user, the market includes deep-sea, short-sea/coastal, and inland/harbor. Regionally, the market is divided into Asia Pacific, Europe, North America, and other key regions.

By Fuel Type, the FAME/Biodiesel Segment Accounts for a Dominant Market Share

Marine Biofuel Market Analysis By Fuel Type

The FAME/biodiesel segment represents the dominant force in the marine biofuel market, capturing approximately 60% of total market share in 2025. This established fuel category encompasses solutions featuring sophisticated biodiesel formulations and fatty acid methyl ester compounds, including first-generation and advanced biodiesel systems and specialized molecules that enable superior combustion characteristics and emission reduction across all marine engine types. The FAME/biodiesel segment's market leadership stems from its superior compatibility capabilities, with products capable of handling diverse marine applications while maintaining consistent performance standards and operational reliability across all shipping environments.

The HVO segment maintains a substantial 30.0% market share, serving shipping operators who require advanced fuel properties with enhanced performance features for complex operations and specialized applications. These products offer premium fuel solutions for high-performance marine engines while providing sufficient quality capabilities to meet emission standards and operational demands. The others segment accounts for approximately 10.0% of the market, serving specialized biofuel applications including synthetic fuels, advanced biofuel blends, and next-generation fuel applications across various maritime sectors.

Key technological advantages driving the FAME/biodiesel segment include:

  • Advanced production technologies with integrated refining mechanisms that reduce fuel impurities and ensure consistent quality performance
  • Multi-engine compatibility options allowing deployment across different marine propulsion systems without modification requirements
  • Enhanced cold flow properties, maintaining fuel flow characteristics in various temperature conditions while preserving engine performance
  • Improved emission profiles enabling reduced greenhouse gas levels and enhanced environmental compliance requirements

By Blend, the B20 & Below Segment Accounts for the Largest Market Share

Marine Biofuel Market Analysis By Blend

B20 & below blends dominate the blend segment with approximately 55% market share in 2025, reflecting the critical role of low-blend ratios in supporting global maritime adoption and operational compatibility worldwide. The B20 & below segment's market leadership is reinforced by increasing regulatory acceptance, engine manufacturer approvals, and rising requirements for emission reduction diversity in comprehensive shipping programs across developed and emerging markets.

The B21-B50 segment represents the second-largest blend category, capturing 25.0% market share through medium-blend applications for enhanced emission reduction, performance optimization, and specialized operational applications. This segment benefits from growing industry preference for higher blend ratios that meet specific environmental requirements, performance standards, and regulatory protocols in competitive shipping markets.

The >B50/HVO neat segment accounts for 20.0% market share, serving specialized applications including high-blend operations, pure biofuel deployment, and advanced emission reduction applications across various maritime sectors.

Key market dynamics supporting blend segment growth include:

  • B20 & below expansion driven by regulatory acceptance and compatibility assurance, requiring specialized blending facilities in emerging markets
  • B21-B50 adoption trends require high-quality, standardized blending for consistency and performance compliance
  • Integration of advanced blending technologies enabling precision fuel management and quality systems
  • Growing emphasis on blend diversity driving demand for comprehensive, multi-ratio fuel solutions

By End User, the Deep-sea Segment Accounts for the Largest Market Share

Marine Biofuel Market Analysis By End User

Deep-sea operations dominate the end user segment with approximately 40% market share in 2025, reflecting the critical role of international shipping in supporting global maritime transportation and cargo operations worldwide. The deep-sea segment's market leadership is reinforced by increasing international regulations, emission reduction mandates, and rising requirements for environmental compliance diversity in integrated shipping programs across developed and emerging maritime markets.

The short-sea/coastal segment represents the second-largest end user category, capturing 35.0% market share through regional shipping operations for coastal transportation, regional cargo services, and specialized maritime applications. This segment benefits from growing demand for regional shipping that meets specific operational requirements, route flexibility standards, and regulatory protocols in competitive maritime markets.

The inland/harbor segment accounts for 25.0% market share, serving specialized applications including port operations, harbor services, and inland waterway transportation across various maritime sectors.

Key market dynamics supporting end user growth include:

  • Deep-sea expansion driven by international regulations and emission mandates, requiring specialized fuel infrastructure in emerging markets
  • Short-sea/coastal modernization trends require high-quality, standardized fuels for operational consistency and regulatory compliance
  • Integration of harbor technologies enabling precision fuel management and environmental systems
  • Growing emphasis on operational diversity driving demand for comprehensive, multi-sector biofuel solutions

What are the Drivers, Restraints, and Key Trends of the Marine Biofuel Market?

The market is driven by three concrete demand factors tied to environmental compliance outcomes. First, increasing maritime emission regulations and international decarbonization initiatives create increasing demand for alternative fuel systems, with shipping emission reduction requirements expanding by 10-15% annually in major maritime regions worldwide, requiring comprehensive biofuel infrastructure. Second, government initiatives promoting maritime decarbonization and environmental protection drive increased adoption of marine biofuel solutions, with many countries implementing carbon neutral goals for shipping advancement by 2050. Third, technological advancements in biofuel production technology and blending systems enable more effective and cost-competitive fuel solutions that reduce emission levels while improving operational efficiency and environmental capabilities.

Market restraints include high production costs for advanced biofuels that can deter new market entrants from developing comprehensive fuel capabilities, particularly in developing regions where access to advanced feedstock remains limited. Supply chain limitations and infrastructure requirements pose another significant challenge, as marine biofuels demand extensive storage and distribution networks, potentially causing increased operational costs and delivery delays. Technical compatibility and engine modification requirements across different regions create additional operational challenges for fuel adoption, demanding ongoing investment in maritime training and fuel transition programs.

Key trends indicate accelerated adoption in Asia-Pacific markets, particularly India and China, where maritime expansion and environmental requirements drive comprehensive marine biofuel adoption. Technology integration trends toward advanced fuel systems with next-generation formulations, engine compatibility assessments, and integrated supply solutions enable proactive emission approaches that optimize environmental performance and minimize operational disruption. The market thesis could face disruption if significant advances in alternative propulsion technologies or major changes in maritime approaches reduce reliance on traditional fuel-based marine systems.

Analysis of the Marine Biofuel Market by Key Country

Marine Biofuel Market Cagr Analysis By Country

Country CAGR (2025-2035)
India 9.0%
China 8.5%
Mexico 6.5%
USA 6.0%
Germany 5.8%
South Korea 5.6%
Japan 5.0%

The marine biofuel market is expanding rapidly, with India leading at a 9.0% CAGR through 2035, driven by maritime infrastructure expansion, government-backed environmental programs, and advanced biofuel technology adoption. China follows at 8.5%, supported by shipping modernization and large-scale port initiatives. Mexico records 6.5%, reflecting rising adoption of alternative fuel solutions in coastal regions. USA posts 6.0%, anchored by maritime regulations and federal environmental programs. Germany grows at 5.8%, maintaining leadership in biofuel innovation and EU compliance. South Korea advances at 5.6%, emphasizing technology integration, while Japan grows steadily at 5.0%, focusing on advanced maritime standards.

India Leads Global Market Expansion

India demonstrates the strongest growth potential in the marine biofuel market with a CAGR of 9.0% through 2035. The country's leadership position stems from maritime infrastructure expansion, government-backed environmental development programs, and increasing shipping expertise driving the adoption of advanced marine biofuel solutions. Growth is concentrated in major port centers, including Mumbai, Chennai, Kolkata, and Kochi, where shipping facilities and maritime operations are implementing advanced biofuel systems for enhanced environmental compliance and operational efficiency. Distribution channels through fuel distributors and maritime networks expand deployment across specialized shipping projects and comprehensive port initiatives. The country's National Maritime Development Program provides policy support for shipping modernization, including advanced marine biofuel adoption.

Key market factors:

  • Maritime expansion concentrated in port hubs and specialized shipping zones with comprehensive environmental development programs
  • Government support through environmental programs and maritime infrastructure initiatives
  • Comprehensive shipping technology ecosystem, including established fuel suppliers with proven track records
  • Technology integration featuring advanced biofuel platforms, blending systems, and environmental optimization technologies

China Emerges as High-Growth Market

In Shanghai, Shenzhen, Qingdao, and Tianjin, the adoption of comprehensive marine biofuel solutions is accelerating across shipping networks and specialized port facilities, driven by environmental modernization targets and government maritime programs. The market demonstrates strong growth momentum with a CAGR of 8.5% through 2035, linked to comprehensive shipping modernization and increasing focus on advanced biofuel solutions. Chinese shipping operators are implementing advanced fuel systems and integrated environmental platforms to enhance operational efficiency while meeting growing demand in expanding international trade and domestic shipping sectors. The country's Belt and Road Initiative creates persistent demand for marine biofuel solutions, while increasing emphasis on environmental advancement drives adoption of advanced fuel systems.

Key development areas:

  • Shipping facilities and port centers leading biofuel technology adoption with comprehensive modernization programs
  • Maritime channels providing integrated solutions with 75% emission improvement rates
  • Technology partnerships between fuel companies and shipping enterprises are expanding market reach
  • Integration of advanced maritime technologies and comprehensive environmental management systems

Mexico Shows Strong Regional Leadership

Marine biofuel market expansion in Mexico is driven by diverse maritime demand, including specialized port centers in Veracruz and Manzanillo, and comprehensive shipping adoption across multiple coastal states. The country demonstrates promising growth potential with a CAGR of 6.5% through 2035, supported by federal government maritime investment programs and state-level environmental development initiatives. Mexican shipping operators face implementation challenges related to technology financing constraints and technical expertise availability, requiring phased deployment approaches and support from international suppliers. However, growing trade demand and environmental requirements create compelling business cases for biofuel adoption, particularly in coastal areas where emission reduction has a direct impact on maritime competitiveness.

Market characteristics:

  • Specialized shipping and port segments showing fastest growth with 18% annual increase in biofuel utilization
  • Regional expansion trends focused on coastal areas in Gulf and Pacific states
  • Future projections indicate the need for local technical support infrastructure and maritime specialist training programs
  • Growing emphasis on environmental excellence and international competitiveness in shipping operations

Germany Demonstrates Technology Innovation

The German market leads in advanced biofuel innovation based on integration with precision shipping systems and specialized maritime technologies for enhanced environmental performance. The country shows strong potential with a CAGR of 5.8% through 2035, driven by the modernization of existing maritime infrastructure and the expansion of specialized shipping facilities in major port centers, including Hamburg, Bremen, Rostock, and Wilhelmshaven. German shipping operators are adopting intelligent biofuel systems for regulatory compliance and emission improvement, particularly in regions with advanced environmental requirements and specialized applications demanding comprehensive fuel upgrades. Technology deployment channels through established fuel distributors and maritime management companies expand coverage across shipping facilities and operation-focused operators.

Leading market segments:

  • Specialized maritime modernization projects in major port centers are implementing comprehensive biofuel upgrades
  • Shipping partnerships with fuel providers, achieving 80% emission improvement rates
  • Strategic collaborations between biofuel companies and maritime operations are expanding market presence
  • Focus on high-performance systems and specialized environmental requirements

United States Emphasizes Maritime Modernization

Marine Biofuel Market Country Value Analysis

In major port centers including Los Angeles, New York, Houston, and Seattle, shipping facilities are implementing comprehensive biofuel solutions to modernize existing fuel infrastructure and improve environmental accuracy, with documented case studies showing a 65% improvement in emission reduction through advanced biofuel systems. The market shows strong growth potential with a CAGR of 6.0% through 2035, linked to the ongoing modernization of maritime facilities, shipping networks, and emerging specialized port projects in major regions. American shipping operators are adopting intelligent fuel and monitoring platforms to enhance operational reliability while maintaining environmental standards demanded by regulatory authorities and environmental agencies. The country's established maritime infrastructure creates persistent demand for system upgrade and modernization solutions that integrate with existing shipping systems.

Market development factors:

  • Maritime facilities and shipping networks leading biofuel modernization initiatives across United States
  • Environmental modernization programs providing federal funding support for maritime and port infrastructure upgrades
  • Strategic partnerships between American shipping companies and international fuel providers are expanding technical capabilities
  • Emphasis on advanced environmental compliance and regulatory standards across maritime applications

South Korea Shows Technology-Driven Growth

Marine Biofuel Market South Korea Market Share Analysis By Blend

Marine biofuel market in South Korea demonstrates sophisticated implementation focused on advanced maritime technology and fuel optimization, with documented integration of advanced biofuel systems, achieving 70% improvement in emission performance across shipping and port facilities. The country maintains steady growth momentum with a CAGR of 5.6% through 2035, driven by maritime facilities' emphasis on environmental innovation and continuous improvement methodologies that align with international emission requirements applied to shipping operations. Major port areas, including Busan, Incheon, Ulsan, and Gwangyang, showcase advanced deployment of biofuel platforms where fuel systems integrate seamlessly with existing maritime control systems and comprehensive environmental management programs.

Key market characteristics:

  • Maritime facilities and port centers are driving advanced biofuel requirements with emphasis on environmental innovation and compliance
  • Environmental management partnerships enabling 94% emission compliance with comprehensive monitoring programs
  • Technology collaboration between Korean companies and international fuel providers is expanding market capabilities
  • Emphasis on maritime innovation and continuous improvement methodologies

Japan Emphasizes Advanced Maritime Integration

Marine Biofuel Market Japan Market Share Analysis By Fuel Type

Marine biofuel market in Japan demonstrates mature and technology-focused landscape, characterized by sophisticated integration of biofuel systems with existing maritime infrastructure across shipping facilities, port networks, and specialized fuel initiatives. Japan's emphasis on advanced environmental compliance and emission standards drives demand for high-reliability biofuel solutions that support comprehensive maritime initiatives and regulatory compliance requirements in shipping operations. The market benefits from strong partnerships between international fuel providers and domestic maritime leaders, creating comprehensive service ecosystems that prioritize system performance and technical training programs. Port centers in major maritime regions showcase advanced biofuel implementations where fuel systems achieve 88% efficiency through integrated monitoring programs.

Europe Market Split by Country

Marine Biofuel Market Europe Country Market Share Analysis, 2025 & 2035

The marine biofuel market in Europe is projected to grow from USD 1.8 billion in Germany in 2025, maintaining a 23.0% market share, supported by its extensive specialized maritime infrastructure, advanced port facilities, and comprehensive biofuel networks serving major European markets.

The UK follows with USD 1.3 billion and a 16.5% share in 2025, driven by comprehensive maritime programs in major port regions implementing advanced marine biofuel management systems. France holds USD 1.1 billion with a 13.5% share through the ongoing development of specialized port facilities and advanced biofuel networks. Italy commands USD 0.9 billion with a 11.0% share, while Spain accounts for USD 0.7 billion with a 9.0% share in 2025. The Rest of Europe region maintains USD 1.8 billion with a 23.0% collective share, attributed to increasing biofuel adoption in Nordic countries and emerging Eastern European maritime facilities implementing advanced environmental programs.

Competitive Landscape of the Marine Biofuel Market

Marine Biofuel Market Analysis By Company

The marine biofuel market features approximately 15-20 meaningful players with moderate concentration, where the top three companies control roughly 35-45% of global market share through established biofuel product portfolios and extensive maritime industry relationships. Competition centers on fuel quality, supply reliability, and environmental performance rather than price competition alone.

Market leaders include Neste, Shell, and bp, which maintain competitive advantages through comprehensive marine biofuel solution portfolios, global distribution networks, and deep expertise in the maritime fuel and environmental sectors, creating high switching costs for customers. These companies leverage established shipping operator relationships and ongoing supply services to defend market positions while expanding into adjacent fuel and integrated maritime applications.

Challengers encompass TotalEnergies and Chevron, which compete through specialized biofuel formulations and strong regional presence in key maritime markets. Fuel specialists, including Valero, MOL, and NYK, focus on specific fuel technologies or specialized applications, offering differentiated capabilities in production systems, blending technology, and application-specific solutions.

Regional players and emerging biofuel companies create competitive pressure through innovative formulations and rapid market deployment capabilities, particularly in high-growth markets including India and China, where local presence provides advantages in shipping operator support and regulatory compliance. Market dynamics favor companies that combine advanced biofuel technologies with comprehensive supply services that address the complete maritime lifecycle from product development through ongoing fuel support and environmental management.

Global Marine Biofuel Market - Stakeholder Contribution Framework

Marine biofuel solutions represent a critical environmental technology that enables shipping operators, maritime facilities, and fuel departments to enhance emission performance and environmental effectiveness without substantial infrastructure requirements, typically providing 70-85% emission reduction rates compared to conventional alternatives while improving environmental compliance. With the market projected to grow from USD 7.6 billion in 2025 to USD 15.5 billion by 2035 at a 7.3% CAGR, these solutions offer compelling advantages - superior environmental outcomes, enhanced operational efficiency, and regulatory compliance capabilities - making them essential for deep-sea shipping (growing segment), coastal operations (expanding adoption), and diverse maritime applications seeking reliable biofuel solutions. Scaling market penetration and fuel capabilities requires coordinated action across maritime policy, environmental standards, fuel manufacturers, shipping technology providers, and research institutions.

How Governments Could Spur Local Production and Adoption?

  • Maritime Development Programs: Include marine biofuel capabilities in national shipping development initiatives, providing targeted funding for specialized port facilities in underserved regions and supporting local fuel companies through innovation grants and development support.
  • Tax Policy & R&D Support: Implement accelerated depreciation schedules for biofuel production equipment, provide tax incentives for companies investing in advanced maritime and fuel technologies, and establish favorable research accounting standards that encourage biofuel adoption over conventional approaches.
  • Regulatory Framework Development: Create streamlined fuel registration processes across specialized and general maritime applications, establish clear performance testing frameworks for biofuel operation, and develop international harmonization protocols that facilitate cross-border fuel trade.
  • Skills Development & Training: Fund vocational programs for fuel technicians, maritime specialists, and shipping professionals. Invest in technology transfer initiatives that bridge academic research with commercial fuel development and emission optimization systems.
  • Market Access & Competition: Establish procurement policies that favor advanced biofuel solutions for government maritime applications, support small and medium shipping operations through preferential lending programs, and create regulatory environments that encourage innovation in fuel technologies.

How Industry Bodies Could Support Market Development?

  • Performance Standards & Certification: Define standardized performance metrics for biofuel systems across specialized, general, and integrated maritime applications, establish universal quality and environmental protocols, and create certification programs for fuel performance that shipping operators can rely on.
  • Market Education & Best Practices: Lead messaging that demonstrates biofuel advantages, emphasizing improved environmental outcomes, enhanced operational effectiveness, and superior emission compatibility compared to conventional alternatives.
  • Technology Integration Standards: Develop interoperability standards for biofuel systems, comprehensive shipping compatibility guidelines, and advanced maritime platforms, ensuring seamless integration across different operational environments and fuel requirements.
  • Professional Development: Run certification programs for maritime practitioners, fuel specialists, and technical service teams on optimizing biofuel performance, environmental management, and advanced shipping in competitive maritime markets.

How Manufacturers and Technology Players Could Strengthen the Ecosystem?

  • Advanced Fuel Development: Develop next-generation biofuels with enhanced performance capabilities, improved environmental stability, and application-specific fuel features that enhance operational reliability while improving environmental outcomes.
  • Intelligence Platforms: Provide comprehensive fuel software that integrates emission monitoring, supply timing, predictive modeling, and performance optimization, enabling shipping operators to maximize system efficacy and operational efficiency.
  • Service & Support Networks: Offer flexible support programs for maritime operations and shipping departments, including technical training options, fuel consultation services, and performance optimization pathways that keep biofuel systems current with operational demands.
  • Research & Development Networks: Build comprehensive R&D capabilities, collaborative fuel innovation programs, and emission development systems that ensure biofuel technologies maintain high performance rates and consistent quality across diverse maritime environments.

Key Players in the Marine Biofuel Market

  • Neste
  • Shell
  • bp
  • TotalEnergies
  • Chevron
  • Valero
  • MOL
  • NYK
  • Maersk
  • GoodFuels
  • Bunker Holding
  • World Fuel Services
  • Sinopec
  • ENOC
  • Repsol

Scope of the Report

Items Values
Quantitative Units (2025) USD 7.6 billion
Fuel Type FAME/Biodiesel, HVO, Others
Blend B20 & below, B21-B50, >B50/HVO neat
End User Deep-sea, Short-sea/Coastal, Inland/Harbor
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East & Africa
Country Covered India, China, Mexico, Germany, USA, South Korea, Japan, and 40+ countries
Key Companies Profiled Neste, Shell, bp, TotalEnergies, Chevron, Valero, MOL, NYK, Maersk, GoodFuels
Additional Attributes Dollar sales by fuel type and blend categories, regional adoption trends across Asia Pacific, Europe, and North America, competitive landscape with biofuel solution providers and maritime companies, shipping facility requirements and specifications, integration with advanced maritime initiatives and specialized fuel platforms.

Marine Biofuel Market by Segments

  • Fuel Type:

    • FAME/Biodiesel
    • HVO
    • Others
  • Blend:

    • B20 & below
    • B21-B50
    • B50/HVO neat
  • End User:

    • Deep-sea
    • Short-sea/Coastal
    • Inland/Harbor
  • Region:

    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Australia & New Zealand
      • ASEAN
      • Rest of Asia Pacific
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Spain
      • Nordic
      • BENELUX
      • Rest of Europe
    • North America
      • United States
      • Canada
      • Mexico
    • Latin America
      • Brazil
      • Chile
      • Rest of Latin America
    • Middle East & Africa
      • Kingdom of Saudi Arabia
      • Other GCC Countries
      • Turkey
      • South Africa
      • Other African Union
      • Rest of Middle East & Africa

Table of Content

  1. Executive Summary
    • Global Market Outlook
    • Demand to side Trends
    • Supply to side Trends
    • Technology Roadmap Analysis
    • Analysis and Recommendations
  2. Market Overview
    • Market Coverage / Taxonomy
    • Market Definition / Scope / Limitations
  3. Market Background
    • Market Dynamics
      • Drivers
      • Restraints
      • Opportunity
      • Trends
    • Scenario Forecast
      • Demand in Optimistic Scenario
      • Demand in Likely Scenario
      • Demand in Conservative Scenario
    • Opportunity Map Analysis
    • Product Life Cycle Analysis
    • Supply Chain Analysis
    • Investment Feasibility Matrix
    • Value Chain Analysis
    • PESTLE and Porter’s Analysis
    • Regulatory Landscape
    • Regional Parent Market Outlook
    • Production and Consumption Statistics
    • Import and Export Statistics
  4. Global Market Analysis 2020 to 2024 and Forecast, 2025 to 2035
    • Historical Market Size Value (USD Million) Analysis, 2020 to 2024
    • Current and Future Market Size Value (USD Million) Projections, 2025 to 2035
      • Y to o to Y Growth Trend Analysis
      • Absolute $ Opportunity Analysis
  5. Global Market Pricing Analysis 2020 to 2024 and Forecast 2025 to 2035
  6. Global Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Fuel Type
    • Introduction / Key Findings
    • Historical Market Size Value (USD Million) Analysis By Fuel Type , 2020 to 2024
    • Current and Future Market Size Value (USD Million) Analysis and Forecast By Fuel Type , 2025 to 2035
      • FAME/Biodiesel
      • HVO
      • Others
    • Y to o to Y Growth Trend Analysis By Fuel Type , 2020 to 2024
    • Absolute $ Opportunity Analysis By Fuel Type , 2025 to 2035
  7. Global Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Blend
    • Introduction / Key Findings
    • Historical Market Size Value (USD Million) Analysis By Blend, 2020 to 2024
    • Current and Future Market Size Value (USD Million) Analysis and Forecast By Blend, 2025 to 2035
      • B20 & Below
      • B21-B50
      • B50/HVO neat
    • Y to o to Y Growth Trend Analysis By Blend, 2020 to 2024
    • Absolute $ Opportunity Analysis By Blend, 2025 to 2035
  8. Global Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By End User
    • Introduction / Key Findings
    • Historical Market Size Value (USD Million) Analysis By End User, 2020 to 2024
    • Current and Future Market Size Value (USD Million) Analysis and Forecast By End User, 2025 to 2035
      • Deep-sea
      • Short-sea/Coastal
      • Inland/Harbor
    • Y to o to Y Growth Trend Analysis By End User, 2020 to 2024
    • Absolute $ Opportunity Analysis By End User, 2025 to 2035
  9. Global Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Region
    • Introduction
    • Historical Market Size Value (USD Million) Analysis By Region, 2020 to 2024
    • Current Market Size Value (USD Million) Analysis and Forecast By Region, 2025 to 2035
      • North America
      • Latin America
      • Western Europe
      • Eastern Europe
      • East Asia
      • South Asia and Pacific
      • Middle East & Africa
    • Market Attractiveness Analysis By Region
  10. North America Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
    • Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
    • Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
      • By Country
        • USA
        • Canada
        • Mexico
      • By Fuel Type
      • By Blend
      • By End User
    • Market Attractiveness Analysis
      • By Country
      • By Fuel Type
      • By Blend
      • By End User
    • Key Takeaways
  11. Latin America Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
    • Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
    • Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
      • By Country
        • Brazil
        • Chile
        • Rest of Latin America
      • By Fuel Type
      • By Blend
      • By End User
    • Market Attractiveness Analysis
      • By Country
      • By Fuel Type
      • By Blend
      • By End User
    • Key Takeaways
  12. Western Europe Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
    • Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
    • Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
      • By Country
        • Germany
        • UK
        • Italy
        • Spain
        • France
        • Nordic
        • BENELUX
        • Rest of Western Europe
      • By Fuel Type
      • By Blend
      • By End User
    • Market Attractiveness Analysis
      • By Country
      • By Fuel Type
      • By Blend
      • By End User
    • Key Takeaways
  13. Eastern Europe Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
    • Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
    • Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
      • By Country
        • Russia
        • Poland
        • Hungary
        • Balkan & Baltic
        • Rest of Eastern Europe
      • By Fuel Type
      • By Blend
      • By End User
    • Market Attractiveness Analysis
      • By Country
      • By Fuel Type
      • By Blend
      • By End User
    • Key Takeaways
  14. East Asia Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
    • Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
    • Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
      • By Country
        • China
        • Japan
        • South Korea
      • By Fuel Type
      • By Blend
      • By End User
    • Market Attractiveness Analysis
      • By Country
      • By Fuel Type
      • By Blend
      • By End User
    • Key Takeaways
  15. South Asia and Pacific Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
    • Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
    • Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
      • By Country
        • India
        • ASEAN
        • Australia & New Zealand
        • Rest of South Asia and Pacific
      • By Fuel Type
      • By Blend
      • By End User
    • Market Attractiveness Analysis
      • By Country
      • By Fuel Type
      • By Blend
      • By End User
    • Key Takeaways
  16. Middle East & Africa Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
    • Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
    • Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
      • By Country
        • Kingdom of Saudi Arabia
        • Other GCC Countries
        • Turkiye
        • South Africa
        • Other African Union
        • Rest of Middle East & Africa
      • By Fuel Type
      • By Blend
      • By End User
    • Market Attractiveness Analysis
      • By Country
      • By Fuel Type
      • By Blend
      • By End User
    • Key Takeaways
  17. Key Countries Market Analysis
    • USA
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • Canada
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • Mexico
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • Brazil
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • Chile
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • Germany
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • UK
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • Italy
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • Spain
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • France
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • India
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • ASEAN
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • Australia & New Zealand
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • China
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • Japan
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • South Korea
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • Russia
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • Poland
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • Hungary
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • Kingdom of Saudi Arabia
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • Turkiye
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
    • South Africa
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Fuel Type
        • By Blend
        • By End User
  18. Market Structure Analysis
    • Competition Dashboard
    • Competition Benchmarking
    • Market Share Analysis of Top Players
      • By Regional
      • By Fuel Type
      • By Blend
      • By End User
  19. Competition Analysis
    • Competition Deep Dive
      • Neste
        • Overview
        • Product Portfolio
        • Profitability by Market Segments (Product/Age /Sales Channel/Region)
        • Sales Footprint
        • Strategy Overview
          • Marketing Strategy
          • Product Strategy
          • Channel Strategy
      • Shell
      • bp
      • TotalEnergies
      • Chevron
      • Valero
      • MOL
      • NYK
      • Maersk
      • GoodFuels
      • Bunker Holding
      • World Fuel Services
      • Sinopec
      • ENOC
      • Repsol
  20. Assumptions & Acronyms Used
  21. Research Methodology

List Of Table

  • Table 1: Global Market Value (USD Million) Forecast by Region, 2020 to 2035
  • Table 2: Global Market Value (USD Million) Forecast by Fuel Type , 2020 to 2035
  • Table 3: Global Market Value (USD Million) Forecast by Blend, 2020 to 2035
  • Table 4: Global Market Value (USD Million) Forecast by End User, 2020 to 2035
  • Table 5: North America Market Value (USD Million) Forecast by Country, 2020 to 2035
  • Table 6: North America Market Value (USD Million) Forecast by Fuel Type , 2020 to 2035
  • Table 7: North America Market Value (USD Million) Forecast by Blend, 2020 to 2035
  • Table 8: North America Market Value (USD Million) Forecast by End User, 2020 to 2035
  • Table 9: Latin America Market Value (USD Million) Forecast by Country, 2020 to 2035
  • Table 10: Latin America Market Value (USD Million) Forecast by Fuel Type , 2020 to 2035
  • Table 11: Latin America Market Value (USD Million) Forecast by Blend, 2020 to 2035
  • Table 12: Latin America Market Value (USD Million) Forecast by End User, 2020 to 2035
  • Table 13: Western Europe Market Value (USD Million) Forecast by Country, 2020 to 2035
  • Table 14: Western Europe Market Value (USD Million) Forecast by Fuel Type , 2020 to 2035
  • Table 15: Western Europe Market Value (USD Million) Forecast by Blend, 2020 to 2035
  • Table 16: Western Europe Market Value (USD Million) Forecast by End User, 2020 to 2035
  • Table 17: Eastern Europe Market Value (USD Million) Forecast by Country, 2020 to 2035
  • Table 18: Eastern Europe Market Value (USD Million) Forecast by Fuel Type , 2020 to 2035
  • Table 19: Eastern Europe Market Value (USD Million) Forecast by Blend, 2020 to 2035
  • Table 20: Eastern Europe Market Value (USD Million) Forecast by End User, 2020 to 2035
  • Table 21: East Asia Market Value (USD Million) Forecast by Country, 2020 to 2035
  • Table 22: East Asia Market Value (USD Million) Forecast by Fuel Type , 2020 to 2035
  • Table 23: East Asia Market Value (USD Million) Forecast by Blend, 2020 to 2035
  • Table 24: East Asia Market Value (USD Million) Forecast by End User, 2020 to 2035
  • Table 25: South Asia and Pacific Market Value (USD Million) Forecast by Country, 2020 to 2035
  • Table 26: South Asia and Pacific Market Value (USD Million) Forecast by Fuel Type , 2020 to 2035
  • Table 27: South Asia and Pacific Market Value (USD Million) Forecast by Blend, 2020 to 2035
  • Table 28: South Asia and Pacific Market Value (USD Million) Forecast by End User, 2020 to 2035
  • Table 29: Middle East & Africa Market Value (USD Million) Forecast by Country, 2020 to 2035
  • Table 30: Middle East & Africa Market Value (USD Million) Forecast by Fuel Type , 2020 to 2035
  • Table 31: Middle East & Africa Market Value (USD Million) Forecast by Blend, 2020 to 2035
  • Table 32: Middle East & Africa Market Value (USD Million) Forecast by End User, 2020 to 2035

List Of Figures

  • Figure 1: Global Market Pricing Analysis
  • Figure 2: Global Market Value (USD Million) Forecast 2020-2035
  • Figure 3: Global Market Value Share and BPS Analysis by Fuel Type , 2025 and 2035
  • Figure 4: Global Market Y to o to Y Growth Comparison by Fuel Type , 2025-2035
  • Figure 5: Global Market Attractiveness Analysis by Fuel Type
  • Figure 6: Global Market Value Share and BPS Analysis by Blend, 2025 and 2035
  • Figure 7: Global Market Y to o to Y Growth Comparison by Blend, 2025-2035
  • Figure 8: Global Market Attractiveness Analysis by Blend
  • Figure 9: Global Market Value Share and BPS Analysis by End User, 2025 and 2035
  • Figure 10: Global Market Y to o to Y Growth Comparison by End User, 2025-2035
  • Figure 11: Global Market Attractiveness Analysis by End User
  • Figure 12: Global Market Value (USD Million) Share and BPS Analysis by Region, 2025 and 2035
  • Figure 13: Global Market Y to o to Y Growth Comparison by Region, 2025-2035
  • Figure 14: Global Market Attractiveness Analysis by Region
  • Figure 15: North America Market Incremental Dollar Opportunity, 2025-2035
  • Figure 16: Latin America Market Incremental Dollar Opportunity, 2025-2035
  • Figure 17: Western Europe Market Incremental Dollar Opportunity, 2025-2035
  • Figure 18: Eastern Europe Market Incremental Dollar Opportunity, 2025-2035
  • Figure 19: East Asia Market Incremental Dollar Opportunity, 2025-2035
  • Figure 20: South Asia and Pacific Market Incremental Dollar Opportunity, 2025-2035
  • Figure 21: Middle East & Africa Market Incremental Dollar Opportunity, 2025-2035
  • Figure 22: North America Market Value Share and BPS Analysis by Country, 2025 and 2035
  • Figure 23: North America Market Value Share and BPS Analysis by Fuel Type , 2025 and 2035
  • Figure 24: North America Market Y to o to Y Growth Comparison by Fuel Type , 2025-2035
  • Figure 25: North America Market Attractiveness Analysis by Fuel Type
  • Figure 26: North America Market Value Share and BPS Analysis by Blend, 2025 and 2035
  • Figure 27: North America Market Y to o to Y Growth Comparison by Blend, 2025-2035
  • Figure 28: North America Market Attractiveness Analysis by Blend
  • Figure 29: North America Market Value Share and BPS Analysis by End User, 2025 and 2035
  • Figure 30: North America Market Y to o to Y Growth Comparison by End User, 2025-2035
  • Figure 31: North America Market Attractiveness Analysis by End User
  • Figure 32: Latin America Market Value Share and BPS Analysis by Country, 2025 and 2035
  • Figure 33: Latin America Market Value Share and BPS Analysis by Fuel Type , 2025 and 2035
  • Figure 34: Latin America Market Y to o to Y Growth Comparison by Fuel Type , 2025-2035
  • Figure 35: Latin America Market Attractiveness Analysis by Fuel Type
  • Figure 36: Latin America Market Value Share and BPS Analysis by Blend, 2025 and 2035
  • Figure 37: Latin America Market Y to o to Y Growth Comparison by Blend, 2025-2035
  • Figure 38: Latin America Market Attractiveness Analysis by Blend
  • Figure 39: Latin America Market Value Share and BPS Analysis by End User, 2025 and 2035
  • Figure 40: Latin America Market Y to o to Y Growth Comparison by End User, 2025-2035
  • Figure 41: Latin America Market Attractiveness Analysis by End User
  • Figure 42: Western Europe Market Value Share and BPS Analysis by Country, 2025 and 2035
  • Figure 43: Western Europe Market Value Share and BPS Analysis by Fuel Type , 2025 and 2035
  • Figure 44: Western Europe Market Y to o to Y Growth Comparison by Fuel Type , 2025-2035
  • Figure 45: Western Europe Market Attractiveness Analysis by Fuel Type
  • Figure 46: Western Europe Market Value Share and BPS Analysis by Blend, 2025 and 2035
  • Figure 47: Western Europe Market Y to o to Y Growth Comparison by Blend, 2025-2035
  • Figure 48: Western Europe Market Attractiveness Analysis by Blend
  • Figure 49: Western Europe Market Value Share and BPS Analysis by End User, 2025 and 2035
  • Figure 50: Western Europe Market Y to o to Y Growth Comparison by End User, 2025-2035
  • Figure 51: Western Europe Market Attractiveness Analysis by End User
  • Figure 52: Eastern Europe Market Value Share and BPS Analysis by Country, 2025 and 2035
  • Figure 53: Eastern Europe Market Value Share and BPS Analysis by Fuel Type , 2025 and 2035
  • Figure 54: Eastern Europe Market Y to o to Y Growth Comparison by Fuel Type , 2025-2035
  • Figure 55: Eastern Europe Market Attractiveness Analysis by Fuel Type
  • Figure 56: Eastern Europe Market Value Share and BPS Analysis by Blend, 2025 and 2035
  • Figure 57: Eastern Europe Market Y to o to Y Growth Comparison by Blend, 2025-2035
  • Figure 58: Eastern Europe Market Attractiveness Analysis by Blend
  • Figure 59: Eastern Europe Market Value Share and BPS Analysis by End User, 2025 and 2035
  • Figure 60: Eastern Europe Market Y to o to Y Growth Comparison by End User, 2025-2035
  • Figure 61: Eastern Europe Market Attractiveness Analysis by End User
  • Figure 62: East Asia Market Value Share and BPS Analysis by Country, 2025 and 2035
  • Figure 63: East Asia Market Value Share and BPS Analysis by Fuel Type , 2025 and 2035
  • Figure 64: East Asia Market Y to o to Y Growth Comparison by Fuel Type , 2025-2035
  • Figure 65: East Asia Market Attractiveness Analysis by Fuel Type
  • Figure 66: East Asia Market Value Share and BPS Analysis by Blend, 2025 and 2035
  • Figure 67: East Asia Market Y to o to Y Growth Comparison by Blend, 2025-2035
  • Figure 68: East Asia Market Attractiveness Analysis by Blend
  • Figure 69: East Asia Market Value Share and BPS Analysis by End User, 2025 and 2035
  • Figure 70: East Asia Market Y to o to Y Growth Comparison by End User, 2025-2035
  • Figure 71: East Asia Market Attractiveness Analysis by End User
  • Figure 72: South Asia and Pacific Market Value Share and BPS Analysis by Country, 2025 and 2035
  • Figure 73: South Asia and Pacific Market Value Share and BPS Analysis by Fuel Type , 2025 and 2035
  • Figure 74: South Asia and Pacific Market Y to o to Y Growth Comparison by Fuel Type , 2025-2035
  • Figure 75: South Asia and Pacific Market Attractiveness Analysis by Fuel Type
  • Figure 76: South Asia and Pacific Market Value Share and BPS Analysis by Blend, 2025 and 2035
  • Figure 77: South Asia and Pacific Market Y to o to Y Growth Comparison by Blend, 2025-2035
  • Figure 78: South Asia and Pacific Market Attractiveness Analysis by Blend
  • Figure 79: South Asia and Pacific Market Value Share and BPS Analysis by End User, 2025 and 2035
  • Figure 80: South Asia and Pacific Market Y to o to Y Growth Comparison by End User, 2025-2035
  • Figure 81: South Asia and Pacific Market Attractiveness Analysis by End User
  • Figure 82: Middle East & Africa Market Value Share and BPS Analysis by Country, 2025 and 2035
  • Figure 83: Middle East & Africa Market Value Share and BPS Analysis by Fuel Type , 2025 and 2035
  • Figure 84: Middle East & Africa Market Y to o to Y Growth Comparison by Fuel Type , 2025-2035
  • Figure 85: Middle East & Africa Market Attractiveness Analysis by Fuel Type
  • Figure 86: Middle East & Africa Market Value Share and BPS Analysis by Blend, 2025 and 2035
  • Figure 87: Middle East & Africa Market Y to o to Y Growth Comparison by Blend, 2025-2035
  • Figure 88: Middle East & Africa Market Attractiveness Analysis by Blend
  • Figure 89: Middle East & Africa Market Value Share and BPS Analysis by End User, 2025 and 2035
  • Figure 90: Middle East & Africa Market Y to o to Y Growth Comparison by End User, 2025-2035
  • Figure 91: Middle East & Africa Market Attractiveness Analysis by End User
  • Figure 92: Global Market - Tier Structure Analysis
  • Figure 93: Global Market - Company Share Analysis

- FAQs -

How big is the marine biofuel market in 2025?

The global marine biofuel market is estimated to be valued at USD 7.6 billion in 2025.

What will be the size of marine biofuel market in 2035?

The market size for the marine biofuel market is projected to reach USD 15.4 billion by 2035.

How much will be the marine biofuel market growth between 2025 and 2035?

The marine biofuel market is expected to grow at a 7.3% CAGR between 2025 and 2035.

What are the key product types in the marine biofuel market?

The key product types in marine biofuel market are fame/biodiesel, hvo and others.

Which blend segment to contribute significant share in the marine biofuel market in 2025?

In terms of blend, b20 & below segment to command 55.0% share in the marine biofuel market in 2025.

Marine Biofuel Market