GLOBAL FLEXFUEL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)
Global Flexfuel Market, By Blend (E10, E15, E70, E75, E85, ED95, E100), By Application (Light Commercial Vehicles, Heavy Commercial Vehicles, Passenger Cars, Others), By Feedstock Source (Corn, Sugarcane, Cassava, Molasses, Wheat, Sorghum, Others), By Fuel Type (Gasoline, Diesel, Methanol, Ethanol, Butanol, Bioethers), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
North America is expected to be the largest market for the global flexfuel market during the forecast period, accounting for over 38.5% of the market share in 2023. The market growth in North America is due to supportive policies, well-established ethanol production, and a large automotive market.
Europe accounted for over 26% of the market share in 2023. The market growth in Europe is due to the growing adoption of biofuels and government incentives promoting flexfuel vehicles.
Asia Pacific accounted for over 16% of the market share in 2023. The market growth in Asia Pacific is due to rapidly growing automotive sales and supportive government policies in countries like India, Thailand, and Australia.
Geographies covered:
North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East