Biofuel Market

Biofuel Market (Type: Biodiesel, Bioethanol, Bio-heavy Oil, and Others; and Feedstock: Corn, Sugarcane, Vegetable Oil, Palm Oil, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Biofuel Market Outlook 2031

  • The global biofuel market was valued at US$ 131.68 Bn in 2021
  • It is estimated to advance at a CAGR of 11.5% from 2022 to 2031
  • The global biofuel market is expected to reach a value of US$ 331.81 Bn by the end of 2031

Analysts’ Viewpoint on Biofuel Market Scenario

Increase in adoption of renewable energy and the implementation of government regulations to reduce carbon emissions are driving the global biofuel market. Rapid industrialization and urbanization have led to surge in the consumption of electricity worldwide. Thus, several governments are investing in clean energy to cater to the rise in demand for electricity and achieve their sustainability goals simultaneously. Surge in the construction of new biofuel projects is expected to augment the market during the forecast period. Companies in the automotive sector are launching ethanol-powered vehicles. Market players are comprehensively investing in R&D activities to identify potential sources of biofuels to enhance their revenue streams.

Biofuel Market

Global Biofuel Market Introduction

Biofuel is derived from organic matter such as plants, algae, and animal waste. It plays an important role in reducing carbon dioxide emissions. Biofuels are renewable alternatives to conventional fuels such as gasoline, diesel, and kerosene. They can be used in passenger vehicles, trucks, ships, and airplanes. Currently, ethanol and biodiesel are the two common types of liquid biofuels. Ethanol is produced from corn and cellulosic feedstock such as crop residues and wood. Algae biofuels are an alternative to commonly known biofuel sources, such as corn and sugarcane. Vegetable oils, yellow grease, used cooking oils, or animal fats are used in the production of renewable diesel.

Rise in Adoption of Renewable Energy Augmenting Market Demand for Biofuel

Biofuels can be used to limit greenhouse gas (GHG) and CO2 emissions. Fossil fuels are the main source of global warming. Adoption of biofuels can lead to lower GHG emissions, depending on the source and its circumstances. Thus, liquid biofuels help improve local air quality, reduce bio-waste, and protect ecosystems. Regulatory policies such as the Renewable Fuel Standard, a federal program that requires transportation fuel sold in the U.S. to contain a minimum volume of renewable fuels, encourage the adoption of biofuels. The EU Renewable Energy Directive (RED) stipulates that biofuels should have at least 50% lower emissions than their fossil fuel alternatives for installations in operation before October 2015, and 60% for installations starting after this date, rising to 65% lower for biofuel plants commencing operation after 1 January 2021.

Increase in the R&D of biofuels is expected to augment the global market during the forecast period. In October 2022, a study ‘Efficient process for xylitol production from nitric acid pretreated rice straw derived pentosans by Candida tropicalis GS18’, published in the Biomass and Bioenergy Journal identified a potential Candida tropicalis strain for efficient xylitol production. Xylitol is a natural sugar alcohol. Rye straw can be converted into fuel and xylitol.

Supply Security and Risk Abatement of Conventional Oil

Crude oil reserves are mostly concentrated in Middle East & Africa, the Americas, and Asia Pacific. However, reserves in these regions are witnessing high pressure due to rise in demand for fuel worldwide. This could be a basis for future conflicts between oil-producing nations aiming to secure remaining reserves for themselves. Thus, diversification of energy sources is a robust solution for risk abatement in this situation. South America, Russia, and Sub-Saharan Africa are some of the largest producers of biomass. Of these regions, only Russia has major fossil fuel deposits. Crude oil prices are volatile as natural and manmade events can potentially disrupt the supply of oil & gas. These include geopolitical risks, sanctions, crude inventory draws, and speculative positioning by oil producers. Therefore, other regions and countries are significantly investing in renewable energy to reduce their dependency on oil reserves.

Increase in Adoption of Bioethanol in Vehicles

In terms of type, the global biofuel market has been segregated into biodiesel, bioethanol, bio-heavy oil, and others. According to recent trends in the biofuel market, the bioethanol segment held major share of 67.3% in 2021. It is estimated to dominate the market during the forecast period. Bioethanol is a renewable fuel produced from various plant materials. It is used as a blending agent with gasoline to increase octane and cut down carbon monoxide and other smog-causing emissions. E10 is the most common blend of ethanol and is approved for use in most conventional gasoline-powered vehicles. Bioethanol is made from plant starches and sugars, particularly corn starch.

Rise in Production of Biofuel from Vegetable Oils

Based on feedstock, the global biofuel market has been classified into corn, sugarcane, vegetable oil, palm oil, and others. The vegetable oil segment dominated the global biofuel market and accounted for 28.34% share in 2021. Biodiesel can be produced from vegetable oils such as sunflower, soybean, rapeseed, and castor oil. Biodiesel production from vegetable oils is eco-friendly, as it recycles waste cooking oil and provides renewable energy with lower pollution.

Regional Outlook of Global Biofuel Market

North America accounted for prominent share of 39.1% of the global market in 2021. Implementation of stringent regulations is expected to boost adoption of biofuels in the region in the next few years. Under the Energy Independence and Security Act of 2007 of the U.S., the Renewable Fuel Standard mandates that 36 billion gallons per year (bg/y) of biofuels need to be produced by 2023.

Future of the biofuel market in Asia Pacific and Europe is promising with the rise in production of liquid biofuels in Southeast Asia and increase in launch of ethanol-powered vehicles. These regions held 26.3% and 8.5 % share of the global market, respectively, in 2021. Middle East & Africa and Latin America are relatively minor markets for biofuel compared to other regions.

Analysis of Key Players in Global Biofuel Market

The global biofuel market comprises several small and large-scale service providers that control majority of the market share. Key players are investing significantly in the R&D of new products to enhance their market share. Expansion of product portfolios and mergers & acquisitions are prominent strategies adopted by market players. Dow, Cargill, Inc., Archer-Daniels-Midland Company, BTG International Ltd., Renewable Energy Group, Inc., Enerkem, Drax Group, EnviTec Biogas AG, Green Plains, AR Energy Group, Abengoa Bioenergy SA, and VERBIO Vereinigte BioEnergie AG are key vendors in the biofuel market.

Key Developments in Global Biofuel Market

  • In May 2019, United Airlines strengthened its reputation as the world's most environmentally conscious airline by renewing its contract with the U.S.-based World Energy. United Airlines agreed to purchase up to 10 million gallons of cost-competitive, commercial-scale, sustainable aviation biofuel over the next two years.
  • In January 2019, ExxonMobil Corporation and Renewable Energy Group (REG) announced the signing of a joint research agreement with Clariant to evaluate the potential use of cellulosic sugars from sources such as residues and agricultural waste to produce biofuel

Key players have been profiled in the biofuel market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Global Biofuel Market Snapshot

Attribute

Detail

Market Size Value in 2021

US$ 131.68 Bn

Market Forecast Value in 2031

US$ 331.81 Bn

Growth Rate

(CAGR)

11.5%

Forecast Period

2022–2031

Historical Data Available for

2020

Quantitative Units

US$ Bn for Value and Tons for Volume

Market Analysis

It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2021)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Type
    • Biodiesel
    • Bioethanol
    • Bio-heavy Oil
    • Others
  • Feedstock
    • Corn
    • Sugarcane
    • Vegetable Oil
    • Palm Oil
    • Others
  • End-use
    • Transport
    • Heat
    • Electricity

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia & CIS
  • Rest of Europe
  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Brazil
  • Mexico
  • Rest of Latin America
  • GCC
  • South Africa
  • Rest of Middle East & Africa

Companies Profiled

  • Dow
  • Cargill, Inc.
  • Archer-Daniels-Midland Company
  • BTG International Ltd.,
  • Renewable Energy Group, Inc.
  • Enerkem
  • Drax Group PLC
  • EnviTec Biogas AG
  • Green Plains
  • AR Energy Group
  • Abengoa Bioenergy SA
  • VERBIO Vereinigte BioEnergie AG

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the biofuel market in 2021?

The biofuel market stood at US$ 131.68 Bn in 2021.

How is the biofuel market expected to grow by 2031?

The biofuel market is expected to advance at a CAGR of 11.5% from 2022 to 2031.

What are the key drivers of the biofuel market?

Rise in adoption of renewable energy and supply security and risk abatement of conventional oil.

Which was the largest segment of the biofuel market in 2021?

Bioethanol was the largest type segment that held 67.3% share of the market in 2021.

Which region was the most lucrative in the biofuel market in 2021?

North America was the most lucrative region of the biofuel market in 2021.

Who are the prominent players in the biofuel market?

Dow, Cargill, Inc., Archer-Daniels-Midland Company, BTG International Ltd., Renewable Energy Group, Inc., Enerkem, Drax Group, EnviTec Biogas AG, Green Plains, AR Energy Group, Abengoa Bioenergy SA, and VERBIO Vereinigte BioEnergie AG.

    1. Executive Summary

        1.1. Biofuel Market Snapshot

        1.2. Key Market Trends

        1.3. Current Market and Future Potential

        1.4. TMR’s Growth Opportunity Wheel

    2. Market Overview

        2.1. Market Segmentation

        2.2. Market Trends

        2.3. Market Dynamics

            2.3.1. Drivers

            2.3.2. Restraints

            2.3.3. Opportunities

        2.4. Porter’s Five Forces Analysis

        2.5. Regulatory Analysis

        2.6. Value Chain Analysis

            2.6.1. List of Manufacturers

            2.6.2. List of Dealers and Distributors

            2.6.3. List of Potential Customers

        2.7. Production Process

        2.8. Cost Structure Analysis

    3. COVID-19 Impact Analysis

    4. Impact of Current Geopolitical Scenario

    5. Production Output Analysis

    6. Price Trend Analysis

    7. Global Biofuel Market Analysis and Forecast, by Type, 2022-2031

        7.1. Introduction and Definitions

        7.2. Global Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

                7.2.1.1. Biodiesel

                7.2.1.2. Bioethanol

                7.2.1.3. Bio-heavy Oil

                7.2.1.4. Others

        7.3. Global Biofuel Market Attractiveness, by Type

    8. Global Biofuel Market Analysis and Forecast, by Feedstock, 2022-2031

        8.1. Introduction and Definitions

        8.2. Global Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            8.2.1. Corn

            8.2.2. Sugarcane

            8.2.3. Vegetable Oil

            8.2.4. Palm Oil

            8.2.5. Others

    9. Global Biofuel Market Attractiveness, by Feedstock

    10. Global Biofuel Market Analysis and Forecast, by End-use, 2022-2031

        10.1. Introduction and Definitions

        10.2. Global Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

            10.2.1. Transport

            10.2.2. Heat

            10.2.3. Electricity

        10.3. Global Biofuel Market Attractiveness, by End-use

    11. Global Biofuel Market Analysis and Forecast, by Region, 2022-2031

        11.1. Key Findings

        11.2. Global Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Region, 2022-2031

            11.2.1. North America

            11.2.2. Europe

            11.2.3. Asia Pacific

            11.2.4. Middle East & Africa

            11.2.5. Latin America

        11.3. Global Biofuel Market Attractiveness, by Region

    12. North America Biofuel Market Analysis and Forecast, 2022-2031

        12.1. Key Findings

        12.2. North America Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

        12.3. North America Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

        12.4. North America Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

        12.5. North America Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Country, 2022-2031

            12.5.1. U.S. Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

            12.5.2. U.S. Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            12.5.3. U.S. Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

            12.5.4. Canada Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

            12.5.5. Canada Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            12.5.6. Canada Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

        12.6. North America Biofuel Market Attractiveness Analysis

    13. Europe Biofuel Market Analysis and Forecast, 2022-2031

        13.1. Key Findings

        13.2. Europe Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

        13.3. Europe Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

        13.4. Europe Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

        13.5. Europe Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2031

            13.5.1. Germany Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

            13.5.2. Germany Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            13.5.3. Germany Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

            13.5.4. France Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

            13.5.5. France Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            13.5.6. France Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

            13.5.7. U.K. Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

            13.5.8. U.K. Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            13.5.9. U.K. Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

            13.5.10. Spain Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

            13.5.11. Spain Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            13.5.12. Spain Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

            13.5.13. Italy Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

            13.5.14. Italy Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            13.5.15. Italy Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

            13.5.16. Russia & CIS Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

            13.5.17. Russia & CIS Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            13.5.18. Russia & CIS Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

            13.5.19. Rest of Europe Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

            13.5.20. Rest of Europe Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            13.5.21. Rest of Europe Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

        13.6. Europe Biofuel Market Attractiveness Analysis

    14. Asia Pacific Biofuel Market Analysis and Forecast, 2022-2031

        14.1. Key Findings

        14.2. Asia Pacific Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type

        14.3. Asia Pacific Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

        14.4. Asia Pacific Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

        14.5. Asia Pacific Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2031

            14.5.1. China Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

            14.5.2. China Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            14.5.3. China Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

            14.5.4. Japan Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

            14.5.5. Japan Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            14.5.6. Japan Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

            14.5.7. India Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

            14.5.8. India Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            14.5.9. India Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

            14.5.10. ASEAN Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

            14.5.11. ASEAN Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            14.5.12. ASEAN Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

            14.5.13. Rest of Asia Pacific Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

            14.5.14. Rest of Asia Pacific Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            14.5.15. Rest of Asia Pacific Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

        14.6. Asia Pacific Biofuel Market Attractiveness Analysis

    15. Latin America Biofuel Market Analysis and Forecast, 2022-2031

        15.1. Key Findings

        15.2. Latin America Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

        15.3. Latin America Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

        15.4. Latin America Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

        15.5. Latin America Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2031

            15.5.1. Brazil Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

            15.5.2. Brazil Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            15.5.3. Brazil Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

            15.5.4. Mexico Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

            15.5.5. Mexico Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            15.5.6. Mexico Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

            15.5.7. Rest of Latin America Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

            15.5.8. Rest of Latin America Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            15.5.9. Rest of Latin America Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

        15.6. Latin America Biofuel Market Attractiveness Analysis

    16. Middle East & Africa Biofuel Market Analysis and Forecast, 2022-2031

        16.1. Key Findings

        16.2. Middle East & Africa Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

        16.3. Middle East & Africa Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

        16.4. Middle East & Africa Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

        16.5. Middle East & Africa Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2031

            16.5.1. GCC Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

            16.5.2. GCC Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            16.5.3. GCC Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

            16.5.4. South Africa Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

            16.5.5. South Africa Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            16.5.6. South Africa Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

            16.5.7. Rest of Middle East & Africa Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Type, 2022-2031

            16.5.8. Rest of Middle East & Africa Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by Feedstock, 2022-2031

            16.5.9. Rest of Middle East & Africa Biofuel Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2022-2031

        16.6. Middle East & Africa Biofuel Market Attractiveness Analysis

    17. Competition Landscape

        17.1. Global Biofuel Company Market Share Analysis, 2020

        17.2. Company Profiles (Details – Overview, Financials, Recent Developments, and Strategy)

            17.2.1. Dow

                17.2.1.1. Company Description

                17.2.1.2. Business Overview

                17.2.1.3. Financial Overview

                17.2.1.4. Strategic Overview

            17.2.2. Cargill, Inc.

                17.2.2.1. Company Description

                17.2.2.2. Business Overview

                17.2.2.3. Financial Overview

                17.2.2.4. Strategic Overview

            17.2.3. Archer-Daniels-Midland Company

                17.2.3.1. Company Description

                17.2.3.2. Business Overview

                17.2.3.3. Financial Overview

                17.2.3.4. Strategic Overview

            17.2.4. BTG International Ltd.

                17.2.4.1. Company Description

                17.2.4.2. Business Overview

                17.2.4.3. Financial Overview

                17.2.4.4. Strategic Overview

            17.2.5. Renewable Energy Group, Inc.

                17.2.5.1. Company Description

                17.2.5.2. Business Overview

                17.2.5.3. Financial Overview

                17.2.5.4. Strategic Overview

            17.2.6. Enerkem

                17.2.6.1. Company Description

                17.2.6.2. Business Overview

                17.2.6.3. Financial Overview

                17.2.6.4. Strategic Overview

            17.2.7. Drex Group

                17.2.7.1. Company Description

                17.2.7.2. Business Overview

                17.2.7.3. Financial Overview

                17.2.7.4. Strategic Overview

            17.2.8. EnviTech Biogas AG

                17.2.8.1. Company Description

                17.2.8.2. Business Overview

                17.2.8.3. Financial Overview

                17.2.8.4. Strategic Overview

            17.2.9. Green Plains

                17.2.9.1. Company Description

                17.2.9.2. Business Overview

                17.2.9.3. Financial Overview

                17.2.9.4. Strategic Overview

            17.2.10. AR Energy Group

                17.2.10.1. Company Description

                17.2.10.2. Business Overview

                17.2.10.3. Strategic Overview

            17.2.11. Abengoa Bioenergy SA

                17.2.11.1. Company Description

                17.2.11.2. Business Overview

                17.2.11.3. Strategic Overview

            17.2.12. VERBIO Vereinigte BioEnergie AG

                17.2.12.1. Company Description

                17.2.12.2. Business Overview

                17.2.12.3. Strategic Overview

    18. Primary Research: Key Insights

    19. Appendix

    List of Tables

    Table 1: Global Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 2: Global Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 3: Global Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 4: Global Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 5: Global Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 6: Global Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 7: Global Biofuel Market Volume (Tons) Forecast, by Region, 2022-2031

    Table 8: Global Biofuel Market Value (US$ Bn) Forecast, by Region, 2022-2031

    Table 9: North America Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 10: North America Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 11: North America Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 12: North America Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 13: North America Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 14: North America Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 15: North America Biofuel Market Volume (Tons) Forecast, by Country, 2022-2031

    Table 16: North America Biofuel Market Value (US$ Bn) Forecast, by Country, 2022-2031

    Table 17: U.S. Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 18: U.S. Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 19: U.S. Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 20: U.S. Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 21: U.S. Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 22: U.S. Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 23: Canada Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 24: Canada Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 25: Canada Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 26: Canada Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 27: Canada Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 28: Canada Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 29: Europe Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 30: Europe Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 31: Europe Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 32: Europe Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 33: Europe Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 34: Europe Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 35: Europe Biofuel Market Volume (Tons) Forecast, by Country and Sub-region, 2022-2031

    Table 36: Europe Biofuel Market Value (US$ Bn) Forecast, by Country and Sub-region, 2022-2031

    Table 37: Germany Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 38: Germany Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 39: Germany Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 40: Germany Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 41: Germany Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 42: Germany Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 43: France Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 44: France Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 45: France Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 46: France Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 47: France Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 48: France Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 49: U.K. Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 50: U.K. Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 51: U.K. Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 52: U.K. Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 53: U.K. Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 54: U.K. Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 55: Italy Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 56: Italy Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 57: Italy Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 58: Italy Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 59: Italy Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 60: Italy Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 61: Spain Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 62: Spain Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 63: Spain Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 64: Spain Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 65: Spain Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 66: Spain Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 67: Russia & CIS Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 68: Russia & CIS Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 69: Russia & CIS Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 70: Russia & CIS Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 71: Russia & CIS Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 72: Russia & CIS Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 73: Rest of Europe Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 74: Rest of Europe Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 75: Rest of Europe Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 76: Rest of Europe Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 77: Rest of Europe Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 78: Rest of Europe Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 79: Asia Pacific Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 80: Asia Pacific Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 81: Asia Pacific Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 82: Asia Pacific Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 83: Asia Pacific Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 84: Asia Pacific Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 85: Asia Pacific Biofuel Market Volume (Tons) Forecast, by Country and Sub-region, 2022-2031

    Table 86: Asia Pacific Biofuel Market Value (US$ Bn) Forecast, by Country and Sub-region, 2022-2031

    Table 87: China Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 88: China Biofuel Market Value (US$ Bn) Forecast, by Type 2022-2031

    Table 89: China Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 90: China Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 91: China Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 92: China Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 93: Japan Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 94: Japan Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 95: Japan Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 96: Japan Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 97: Japan Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 98: Japan Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 99: India Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 100: India Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 101: India Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 102: India Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 103: India Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 104: India Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 105: India Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 106: India Biofuel Market Value (US$ Bn) Forecast, by End-use 2022-2031

    Table 107: ASEAN Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 108: ASEAN Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 109: ASEAN Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 110: ASEAN Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 111: ASEAN Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 112: ASEAN Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 113: Rest of Asia Pacific Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 114: Rest of Asia Pacific Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 115: Rest of Asia Pacific Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 116: Rest of Asia Pacific Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 117: Rest of Asia Pacific Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 118: Rest of Asia Pacific Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 119: Latin America Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 120: Latin America Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 121: Latin America Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 122: Latin America Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 123: Latin America Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 124: Latin America Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 125: Latin America Biofuel Market Volume (Tons) Forecast, by Country and Sub-region, 2022-2031

    Table 126: Latin America Biofuel Market Value (US$ Bn) Forecast, by Country and Sub-region, 2022-2031

    Table 127: Brazil Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 128: Brazil Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 129: Brazil Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 130: Brazil Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 131: Brazil Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 132: Brazil Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 133: Mexico Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 134: Mexico Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 135: Mexico Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 136: Mexico Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 137: Mexico Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 138: Mexico Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 139: Rest of Latin America Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 140: Rest of Latin America Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 141: Rest of Latin America Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 142: Rest of Latin America Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 143: Rest of Latin America Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 144: Rest of Latin America Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 145: Middle East & Africa Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 146: Middle East & Africa Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 147: Middle East & Africa Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 148: Middle East & Africa Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 149: Middle East & Africa Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 150: Middle East & Africa Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 151: Middle East & Africa Biofuel Market Volume (Tons) Forecast, by Country and Sub-region, 2022-2031

    Table 152: Middle East & Africa Biofuel Market Value (US$ Bn) Forecast, by Country and Sub-region, 2022-2031

    Table 153: GCC Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 154: GCC Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 155: GCC Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 156: GCC Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 157: GCC Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 158: GCC Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 159: South Africa Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 160: South Africa Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 161: South Africa Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 162: South Africa Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 163: South Africa Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 164: South Africa Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    Table 165: Rest of Middle East & Africa Biofuel Market Volume (Tons) Forecast, by Type, 2022-2031

    Table 166: Rest of Middle East & Africa Biofuel Market Value (US$ Bn) Forecast, by Type, 2022-2031

    Table 167: Rest of Middle East & Africa Biofuel Market Volume (Tons) Forecast, by Feedstock, 2022-2031

    Table 168: Rest of Middle East & Africa Biofuel Market Value (US$ Bn) Forecast, by Feedstock, 2022-2031

    Table 169: Rest of Middle East & Africa Biofuel Market Volume (Tons) Forecast, by End-use, 2022-2031

    Table 170: Rest of Middle East & Africa Biofuel Market Value (US$ Bn) Forecast, by End-use, 2022-2031

    List of Figures

    Figure 1: Global Biofuel Market Volume Share Analysis, by Type, 2021, 2025, and 2031

    Figure 2: Global Biofuel Market Attractiveness, by Type

    Figure 3: Global Biofuel Market Volume Share Analysis, by Feedstock, 2021, 2025, and 2031

    Figure 4: Global Biofuel Market Attractiveness, by Feedstock

    Figure 5: Global Biofuel Market Volume Share Analysis, by End-use, 2021, 2025, and 2031

    Figure 6: Global Biofuel Market Attractiveness, by End-use

    Figure 7: Global Biofuel Market Volume Share Analysis, by Region, 2021, 2025, and 2031

    Figure 8: Global Biofuel Market Attractiveness, by Region

    Figure 9: North America Biofuel Market Volume Share Analysis, by Type, 2021, 2025, and 2031

    Figure 10: North America Biofuel Market Attractiveness, by Type

    Figure 11: North America Biofuel Market Attractiveness, by Type

    Figure 12: North America Biofuel Market Volume Share Analysis, by Feedstock, 2021, 2025, and 2031

    Figure 13: North America Biofuel Market Attractiveness, by Feedstock

    Figure 14: North America Biofuel Market Volume Share Analysis, by End-use, 2021, 2025, and 2031

    Figure 15: North America Biofuel Market Attractiveness, by End-use

    Figure 16: North America Biofuel Market Attractiveness, by Country

    Figure 17: Europe Biofuel Market Volume Share Analysis, by Type, 2021, 2025, and 2031

    Figure 18: Europe Biofuel Market Attractiveness, by Type

    Figure 19: Europe Biofuel Market Volume Share Analysis, by Feedstock, 2021, 2025, and 2031

    Figure 20: Europe Biofuel Market Attractiveness, by Feedstock

    Figure 21: Europe Biofuel Market Volume Share Analysis, by End-use, 2021, 2025, and 2031

    Figure 22: Europe Biofuel Market Attractiveness, by End-use

    Figure 23: Europe Biofuel Market Volume Share Analysis, by Country and Sub-region, 2021, 2025, and 2031

    Figure 24: Europe Biofuel Market Attractiveness, by Country and Sub-region

    Figure 25: Asia Pacific Biofuel Market Volume Share Analysis, by Type, 2021, 2025, and 2031

    Figure 26: Asia Pacific Biofuel Market Attractiveness, by Type

    Figure 27: Asia Pacific Biofuel Market Volume Share Analysis, by Feedstock, 2021, 2025, and 2031

    Figure 28: Asia Pacific Biofuel Market Attractiveness, by Feedstock

    Figure 29: Asia Pacific Biofuel Market Volume Share Analysis, by End-use, 2021, 2025, and 2031

    Figure 30: Asia Pacific Biofuel Market Attractiveness, by End-use

    Figure 31: Asia Pacific Biofuel Market Volume Share Analysis, by Country and Sub-region, 2021, 2025, and 2031

    Figure 32: Asia Pacific Biofuel Market Attractiveness, by Country and Sub-region

    Figure 33: Latin America Biofuel Market Volume Share Analysis, by Type, 2021, 2025, and 2031

    Figure 34: Latin America Biofuel Market Attractiveness, by Type

    Figure 35: Latin America Biofuel Market Volume Share Analysis, by Feedstock, 2021, 2025, and 2031

    Figure 36: Latin America Biofuel Market Attractiveness, by Feedstock

    Figure 37: Latin America Biofuel Market Volume Share Analysis, by End-use, 2021, 2025, and 2031

    Figure 38: Latin America Biofuel Market Attractiveness, by End-use

    Figure 39: Latin America Biofuel Market Volume Share Analysis, by Country and Sub-region, 2021, 2025, and 2031

    Figure 40: Latin America Biofuel Market Attractiveness, by Country and Sub-region

    Figure 41: Middle East & Africa Biofuel Market Volume Share Analysis, by Type, 2021, 2025, and 2031

    Figure 42: Middle East & Africa Biofuel Market Attractiveness, by Type

    Figure 43: Middle East & Africa Biofuel Market Volume Share Analysis, by Feedstock, 2021, 2025, and 2031

    Figure 44: Middle East & Africa Biofuel Market Attractiveness, by Feedstock

    Figure 45: Middle East & Africa Biofuel Market Volume Share Analysis, by End-use, 2021, 2025, and 2031

    Figure 46: Middle East & Africa Biofuel Market Attractiveness, by End-use

    Figure 47: Middle East & Africa Biofuel Market Volume Share Analysis, by Country and Sub-region, 2021, 2025, and 2031

    Figure 48: Middle East & Africa Biofuel Market Attractiveness, by Country and Sub-region

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