The liquid biofuels market is estimated to be valued at USD 89.18 Bn in 2024, growing at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031. Liquid biofuels are an alternative fuel made from biomass feedstock like vegetable oils, animal fats, sugar cane, corn, etc. They include fuels like biodiesel, ethanol, bioethanol, biomethanol, bio-butanol, etc. Liquid biofuels are considered environmentally sustainable and a renewable source of energy as they are produced from biomass. They serve as alternatives to conventional fossil fuels and help reduce dependence on petroleum. Usage of liquid biofuels also contributes to lower greenhouse gas emissions compared to fossil fuels.
Market Dynamics:
Increasing support through favorable government policies promoting the use of renewable and clean fuels is a key driver for the liquid biofuels market. Many nations have mandated blending targets for liquid biofuels to be mixed with gasoline and diesel. Rising crude oil prices and supply security concerns also motivate the usage of liquid biofuels. Technological advancements in the production process of biofuels along with second and third generation biofuel feedstock present lucrative opportunities. However, high production and infrastructure costs restrain the market growth. Fluctuations in agricultural commodity prices of feedstock also impact the liquid biofuels market.
Key Features of the Study:
- This report provides an in-depth analysis of the global liquid biofuels market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global liquid biofuels market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include The Archer-Daniels-Midland Company, Valero Energy Corporation, Green Plains Inc., Gevo, Chevron, Neste, TotalEnergies, Wilmar International Ltd, Enerkem , POET , Fulcrum BioEnergy, Inc. , Alto Ingredients, Inc. , Pacific Biodiesel, Südzucker AG, Emami Agrotech Limited , Chemical Construction International Limited, Khanda BioFule, BIOD TECHNOLOGY FZCO, Lootah Bio Fuels, and Neutral Fuels.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global liquid biofuels market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global liquid biofuels market.
Market Segmentation
- By Type:
- Ethanol
- Biodiesel
- Others (Hydrotreated vegetable oil, etc.)
- By Feedstock:
- Corn
- Sugarcane
- Soybean
- Canola
- Others (Cellulosic biomass, etc.)
- By Process:
- Fermentation
- Transesterification
- Others (Hydro Heating, etc.)
- By Application:
- Transportation Fuel
- Marine
- Others (Aviation, etc.)
- Power Generation
- Others (Thermal Heating, etc.)
- By Regional:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- The Archer-Daniels-Midland Company
- Valero Energy Corporation
- Green Plains Inc.
- Gevo
- Chevron
- Neste
- TotalEnergies
- Wilmar International Ltd
- Enerkem
- POET
- Fulcrum BioEnergy, Inc.
- Alto Ingredients, Inc.
- Pacific Biodiesel
- Südzucker AG
- Emami Agrotech Limited
- Chemical Construction International Limited
- Khanda BioFule
- BIOD TECHNOLOGY FZCO
- Lootah Bio Fuels
- Neutral Fuels
