Biofuel Market: By Type, Others), By Feed Stock Type, By Application and Region Forecast 2020-2031
Biofuel Market: By Type, Others), By Feed Stock Type, By Application and Region Forecast 2020-2031
Biofuel Market size was valued at US$ 192.4 billion in 2024 and is expected to reach US$ 302 billion by 2031, growing at a significant CAGR of 6.4% from 2025-2031. The market refers to the global industry involved in the production, distribution, and consumption of fuels derived from renewable biological sources such as crops, waste materials, and algae. These fuels are primarily used as alternatives or supplements to conventional fossil fuels in sectors such as transportation, power generation, and heating. Biofuels include biodiesel, bioethanol, biogas, and advanced fuels like hydrotreated vegetable oil (HVO) and sustainable aviation fuel (SAF).
The market encompasses all activities across the biofuel value chain from feedstock cultivation to end-use applications and plays a critical role in decarbonization efforts and energy transition strategies. The market is experiencing robust growth driven by rising global concerns over climate change, energy security, and the depletion of fossil fuel reserves. Governments worldwide are implementing supportive policies, blending mandates, and financial incentives to encourage biofuel adoption. Technological advancements are enabling the production of advanced biofuels with higher efficiency and lower greenhouse gas emissions.
Based on the type:
Bioethanol is anticipated to hold a leading position within the Sustainable Aviation Fuel market, driven by its widespread availability and established production base. As one of the most extensively produced biofuels globally, bioethanol benefits from abundant feedstocks such as sugarcane, corn, and other biomass materials, ensuring consistent supply. Its adaptability through Alcohol-to-Jet (ATJ) technology enables conversion into high-quality aviation fuel that complies with international safety standards. Additionally, countries like the United States and Brazil have strong ethanol industries, providing a robust foundation for scaling aviation applications. Government blending mandates and rising airline commitments further reinforce bioethanol’s growth trajectory in SAF
Based on the feed stock type:
Sugarcane is anticipated to play a leading role in the Sustainable Aviation Fuel market as a feedstock, primarily due to its high yield efficiency and established role in bioethanol production. Countries like Brazil and India already possess strong sugarcane industries, providing a steady supply of biomass for Alcohol-to-Jet (ATJ) technology. Sugarcane-derived ethanol is recognized for its lower carbon intensity compared to corn or wheat, making it a preferred renewable option for aviation fuel pathways. Additionally, sugarcane by-products such as bagasse can be utilized for energy generation, further enhancing sustainability. Government blending mandates and ongoing investment in sugarcane-based biofuels solidify its growth.
Based on the application:
The transportation sector, particularly road transport, is anticipated to dominate the biofuels market, including Sustainable Aviation Fuel pathways, due to the massive global demand for cleaner mobility solutions. Road transport accounts for a significant share of energy consumption, and the integration of biofuels such as biodiesel, bioethanol, and renewable diesel provides an immediate, scalable alternative to fossil fuels. Many governments have introduced blending mandates such as E20 ethanol blending in India and B20 biodiesel programs in the U.S. to cut emissions and reduce crude oil dependency. These regulatory pushes, combined with growing adoption of low-carbon fuels by commercial fleets, strengthen road transport’s leadership in applications.
Study Period
2025 - 2031Base Year
2024CAGR
6.4%Largest Market
Asia-PacificFastest Growing Market
North America
The growth of the market is strongly driven by government regulations and mandatory blending targets set across multiple regions. Many countries, including the United States, Brazil, India, and members of the European Union, have introduced policies requiring a fixed percentage of biofuels to be blended with traditional fossil fuels to reduce carbon emissions and reliance on petroleum imports. For instance, Brazil’s E27 ethanol blending mandate and India’s E20 target by 2025 are significant milestones that push domestic industries to expand production capacity. These blending mandates not only secure consistent demand for biofuels but also encourage farmers to cultivate energy crops such as sugarcane, maize, and soybean, thereby strengthening rural economies.
Furthermore, subsidies, tax incentives, and low-interest financing programs make it economically viable for producers to invest in advanced biofuel technologies. This regulatory support creates a stable foundation for long-term growth, ensuring that biofuels remain an integral part of the global energy transition.
A significant restraint in the market arises from the dependency on agricultural feedstocks such as corn, sugarcane, palm oil, and soybean. These feedstocks are also crucial for food and livestock industries, creating a food-versus-fuel dilemma. Fluctuations in crop yields due to changing weather conditions, droughts, and climate variability make feedstock supply highly uncertain. For example, a poor corn harvest in the U.S. or sugarcane shortfall in Brazil can lead to sharp price increases in ethanol, directly impacting production economics.
Additionally, competition with food demand often triggers criticism about biofuels exacerbating global food insecurity. Rising input costs, including fertilizers and land usage, further add to volatility in biofuel pricing. This instability makes it difficult for refiners and distributors to maintain consistent profit margins, especially in developing countries where subsidies and policy frameworks are weaker. Thus, feedstock dependency and pricing volatility act as major barriers to sustainable and scalable growth in the biofuel sector.
One of the most promising opportunities in the market lies in the development and commercialization of advanced biofuels, particularly sustainable aviation fuels (SAF). Unlike first-generation biofuels, which are largely dependent on food crops, advanced fuels are derived from non-food biomass, agricultural residues, municipal waste, and algae, significantly reducing competition with food supply chains. The aviation industry, which accounts for a substantial portion of global greenhouse gas emissions, is under increasing regulatory and public pressure to decarbonize. Airlines and governments are committing to net-zero targets, and SAF is emerging as a critical enabler.
Major carriers like United Airlines, Lufthansa, and Singapore Airlines have already initiated SAF-powered flights, while airports in Europe and North America are integrating SAF distribution infrastructure. With supportive frameworks such as the U.S. Inflation Reduction Act and EU’s “ReFuelEU Aviation” initiative, the demand for SAF is projected to surge in the coming decade, presenting enormous growth potential for biofuel producers.
A notable trend shaping the market is the growing integration of circular economy principles, particularly through waste-to-fuel technologies. Instead of relying solely on agricultural crops, producers are increasingly turning to municipal solid waste, used cooking oil, and industrial residues as feedstocks. This approach not only addresses sustainability challenges but also reduces dependency on volatile crop markets. For instance, several companies in Europe are investing in facilities that convert household waste into biogas or advanced bioethanol, thereby creating value from materials that would otherwise end up in landfills.
Similarly, hydrotreated vegetable oil (HVO) and renewable diesel production from used cooking oil is gaining rapid traction in both road transport and aviation sectors. This waste-based fuel generation aligns with global carbon reduction goals and helps achieve circularity in resource utilization. As environmental consciousness among consumers and policymakers strengthens, waste-to-fuel pathways are expected to dominate future innovations, making circular economy integration a defining trend of the biofuel industry.
Largest Share of the Region: Asia-Pacific is expected to be the fastest-growing region in the market, with countries like India, China, and Indonesia driving expansion. The region’s rapid urbanization, rising energy demand, and ambitious government blending mandates are major growth drivers. India, for instance, has advanced its E20 ethanol blending target to 2025, while Indonesia continues to expand its biodiesel program with B35 and plans for B40 blends. These policies are backed by vast agricultural feedstock availability, such as sugarcane, palm oil, and rice husks, which support domestic biofuel production. A key trend shaping the region is the increasing focus on diversifying feedstock sources through crop residues and waste-to-energy initiatives, ensuring long-term sustainability.
Moreover, partnerships between global players like Neste and local governments are accelerating the adoption of advanced biofuels and SAF across Asia. This combination of policy push, feedstock potential, and technology adoption positions Asia-Pacific as the most dynamic emerging market for biofuels.
Fastest Growing/ Emerging Region: North America is anticipated to hold the largest share of the market, primarily driven by the United States’ strong regulatory framework under the Renewable Fuel Standard (RFS) and California’s Low Carbon Fuel Standard (LCFS). The region benefits from abundant feedstock availability, particularly corn for ethanol and soybean for biodiesel production, making it one of the most reliable suppliers worldwide. The U.S. has also emerged as a leader in developing advanced biofuels, including sustainable aviation fuel (SAF), supported by significant investments from companies like Chevron, POET, and Renewable Energy Group.
A major driver in this region is the growing emphasis on reducing dependence on imported fossil fuels while simultaneously meeting carbon reduction goals. A notable trend is the integration of SAF into major airlines’ operations, with United Airlines and Delta actively adopting bio-based jet fuels. This strong policy support, coupled with technological innovation, secures North America’s dominant market position.
Latin America
Europe
Asia Pacific
Middle East
North America
|
Report Benchmarks |
Details |
|
Report Study Period |
2025 - 2031 |
|
Market Size in 2024 |
US$ 192.4 billion |
|
Market Size in 2031 |
US$ 302 billion |
|
Market CAGR |
6.4% |
|
By Type |
|
|
By Feed Stock Type |
|
|
By Application |
|
|
By Region |
|
According to PBI Analyst, the global market is undergoing significant transformation as nations accelerate their transition toward cleaner energy alternatives. Characterized by rising demand for sustainable fuels, the market is supported by government blending mandates, net-zero commitments, and technological advancements in advanced biofuels such as hydrotreated vegetable oil (HVO) and sustainable aviation fuel (SAF). North America currently leads due to strong policy frameworks and abundant feedstock supply, while Asia-Pacific is emerging as the fastest-growing region, driven by ambitious mandates in India, China, and Indonesia.
Despite challenges such as feedstock price volatility and food-versus-fuel debates, the sector continues to attract substantial investment from both public and private players. A key trend shaping the market is the integration of circular economy practices through waste-to-fuel technologies, reducing reliance on food crops. With expanding applications in road transport, aviation, marine, and power generation, the market is positioned as a cornerstone of global decarbonization strategies.
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The biofuel market size was valued at US$ 192.4 billion in 2024 and is projected to grow at a significant CAGR of 6.4% from 2025-2031.
Biofuels are renewable fuels from crops, residues, algae, and waste, classified as first-generation, second-generation, and advanced types like SAF and HVO.
Government blending mandates, carbon reduction targets, and rising demand from transport and aviation are the key growth drivers.
Feedstock price volatility, food-versus-fuel concerns, and high production costs of advanced fuels remain major hurdles.
North America leads with strong policies and feedstock availability, while Asia-Pacific is the fastest-growing region with ambitious mandates.
Waste-to-fuel technologies, SAF adoption, and circular economy integration are the leading trends driving future biofuel expansion.
| 1.Executive Summary |
| 2.Global Biofuel Market Introduction |
| 2.1.Global Biofuel Market - Taxonomy |
| 2.2.Global Biofuel Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Feed Stock Type |
| 2.2.3.Application |
| 2.2.4.Region |
| 3.Global Biofuel Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Biofuel Market Analysis, 2020 - 2024 and Forecast 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Biofuel Market By Type , 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 5.1. Biodiesel |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Bioethanol |
| 5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Biogas |
| 5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Hydrotreated Vegetable Oil (HVO) |
| 5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Others |
| 5.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Global Biofuel Market By Feed Stock Type, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 6.1. Sugarcane |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Corn |
| 6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Wheat |
| 6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Vegetable oils |
| 6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Agricultural waste |
| 6.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Forestry residues |
| 6.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Used Cooking Oil |
| 6.7.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Animal fats |
| 6.8.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 6.9. Others |
| 6.9.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.9.3. Market Opportunity Analysis |
| 7.Global Biofuel Market By Application, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 7.1. Transportation |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Power Generation |
| 7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Industrial Heating |
| 7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Residential & Commercial Heating |
| 7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Others |
| 7.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.Global Biofuel Market By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Biofuel Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 9.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Biodiesel |
| 9.1.2.Bioethanol |
| 9.1.3.Biogas |
| 9.1.4.Hydrotreated Vegetable Oil (HVO) |
| 9.1.5.Others |
| 9.2. Feed Stock Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Sugarcane |
| 9.2.2.Corn |
| 9.2.3.Wheat |
| 9.2.4.Vegetable oils |
| 9.2.5.Agricultural waste |
| 9.2.6.Forestry residues |
| 9.2.7.Used Cooking Oil |
| 9.2.8.Animal fats |
| 9.2.9.Others |
| 9.3. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Transportation |
| 9.3.2.Power Generation |
| 9.3.3.Industrial Heating |
| 9.3.4.Residential & Commercial Heating |
| 9.3.5.Others |
| 9.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Biofuel Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Biodiesel |
| 10.1.2.Bioethanol |
| 10.1.3.Biogas |
| 10.1.4.Hydrotreated Vegetable Oil (HVO) |
| 10.1.5.Others |
| 10.2. Feed Stock Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Sugarcane |
| 10.2.2.Corn |
| 10.2.3.Wheat |
| 10.2.4.Vegetable oils |
| 10.2.5.Agricultural waste |
| 10.2.6.Forestry residues |
| 10.2.7.Used Cooking Oil |
| 10.2.8.Animal fats |
| 10.2.9.Others |
| 10.3. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Transportation |
| 10.3.2.Power Generation |
| 10.3.3.Industrial Heating |
| 10.3.4.Residential & Commercial Heating |
| 10.3.5.Others |
| 10.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Biofuel Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Biodiesel |
| 11.1.2.Bioethanol |
| 11.1.3.Biogas |
| 11.1.4.Hydrotreated Vegetable Oil (HVO) |
| 11.1.5.Others |
| 11.2. Feed Stock Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Sugarcane |
| 11.2.2.Corn |
| 11.2.3.Wheat |
| 11.2.4.Vegetable oils |
| 11.2.5.Agricultural waste |
| 11.2.6.Forestry residues |
| 11.2.7.Used Cooking Oil |
| 11.2.8.Animal fats |
| 11.2.9.Others |
| 11.3. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Transportation |
| 11.3.2.Power Generation |
| 11.3.3.Industrial Heating |
| 11.3.4.Residential & Commercial Heating |
| 11.3.5.Others |
| 11.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Biofuel Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Biodiesel |
| 12.1.2.Bioethanol |
| 12.1.3.Biogas |
| 12.1.4.Hydrotreated Vegetable Oil (HVO) |
| 12.1.5.Others |
| 12.2. Feed Stock Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Sugarcane |
| 12.2.2.Corn |
| 12.2.3.Wheat |
| 12.2.4.Vegetable oils |
| 12.2.5.Agricultural waste |
| 12.2.6.Forestry residues |
| 12.2.7.Used Cooking Oil |
| 12.2.8.Animal fats |
| 12.2.9.Others |
| 12.3. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Transportation |
| 12.3.2.Power Generation |
| 12.3.3.Industrial Heating |
| 12.3.4.Residential & Commercial Heating |
| 12.3.5.Others |
| 12.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Biofuel Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Biodiesel |
| 13.1.2.Bioethanol |
| 13.1.3.Biogas |
| 13.1.4.Hydrotreated Vegetable Oil (HVO) |
| 13.1.5.Others |
| 13.2. Feed Stock Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Sugarcane |
| 13.2.2.Corn |
| 13.2.3.Wheat |
| 13.2.4.Vegetable oils |
| 13.2.5.Agricultural waste |
| 13.2.6.Forestry residues |
| 13.2.7.Used Cooking Oil |
| 13.2.8.Animal fats |
| 13.2.9.Others |
| 13.3. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Transportation |
| 13.3.2.Power Generation |
| 13.3.3.Industrial Heating |
| 13.3.4.Residential & Commercial Heating |
| 13.3.5.Others |
| 13.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Borregaard ASA |
| 14.2.2.Cosan SA |
| 14.2.3.REX American Resources Corp |
| 14.2.4.TotalEnergies SE |
| 14.2.5.Chevron Corp |
| 14.2.6.Neste OYJ |
| 14.2.7.Valero Energy Corp |
| 14.2.8.Verbio SE |
| 14.2.9.Green Plains, Inc |
| 14.2.10.Montauk Renewables, Inc |
| 14.2.11.FutureFuel Corp |
| 14.2.12.Tidewater Renewables Ltd |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
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