The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Biofuels Global Market Report 2024 offers crucial insights into the biofuels market help businesses analyse and build stronger strategies.

Introduction: Sustained Growth

• The biofuels market has witnessed robust expansion.
• From $163.86 billion in 2023 to $176.59 billion in 2024, with a CAGR of 7.8%.
• Drivers: Energy security concerns, oil price volatility, government incentives.

Anticipating Strong Growth Ahead

• Forecast: Expected to reach $240.55 billion in 2028, with a CAGR of 8.0%.
• Factors: Renewable energy targets, feedstock advancements, rising public awareness.
• Trends: Advanced biofuels, technological innovations, market consolidation.

Increasing Transportation Sector Demand Fuels Growth In The Biofuels Market

• Transportation sector drives market expansion.
• Example: International Air Transport Association reports a 26.2% increase in total traffic for July 2023.
• Key players: The Archer-Daniels-Midland Company, Abengoa S.A., Shell PLC, among others.

Read The Full Biofuels Market Report Here:

https://www.thebusinessresearchcompany.com/report/biofuels-global-market-report

Innovative Products Enhance Competitiveness In The Biofuels Market

• Companies introduce innovative solutions to gain a competitive edge.
• Example: Novozymes launches Innova Quantum, a comprehensive fermentation solution, improving ethanol yield and reducing energy consumption.
• Acquisition: ExxonMobil acquires a 49.9% stake in Biojet AS to enhance low-emission transportation initiatives.

Market Segmentation

• Form: Solid Biofuel, Liquid Biofuel, Gaseous Biofuel.
• Product Type: Biodiesel, Ethanol, Biogas, Others Products.
• Feedstock: Coarse Grain, Non-agri Feedstock, Biomass, Vegetable Oil, Sugar Crop, Jatropha, Other Feedstocks.

North America Leads, Asia-Pacific Emerges

• North America was the largest region in the biofuel market in 2023.
• Asia-Pacific is expected to be the fastest-growing region in the forecast period.

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The Biofuels Global Market Report 2024 provides a comprehensive outlook of the biofuels market for the historic years (2010 -2021) and ten years forecast (2023 – 2032).The biofuels market forecast offers a thorough analysis onbiofuelsmarket size, biofuels market share,prominent players and their strategies.

The Table Of Content For The Biofuels Market Include:
1. Biofuels Market Executive Summary
2. Biofuels Market Segments
3. Biofuels Market Size And Biofuels Market Growth Rate
4. Key Biofuels Market Trends
5. Major Biofuels Market Drivers
……
25. Key Mergers And Acquisitions In The Biofuels Market
26. Top Biofuels Companies
27. Biofuels Market Opportunities And Strategies
28. Biofuels Market, Conclusions And Recommendations
29. Appendix

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