How big is the advanced biofuel market?

The advanced biofuel market was valued at USD 1.46 billion in 2024 and is expected to reach around USD 5.21 billion by 2034, growing at 13.9% CAGR through 2034.

What will be the size of cellulosic ethanol segment in the advanced biofuel industry?

The cellulosic ethanol segment is anticipated to cross 2.4 billion by 2034.

Who are the key players in advanced biofuel market?

Some of the major players in the advanced biofuel industry include Advanced Biofuel Solutions, BP, Clariant, ExxonMobil, Gevo, GranBio, Green Plains, Iogen, POET, Solix Biofuels.

How much advanced biofuel market share captured by North America in 2024?

The North America advanced biofuel market held around 36% share in 2024.

Advanced Biofuel Market Share

Report ID: GMI12968

Published Date: February 2025

Report Format: PDF

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Advanced Biofuel Market Share

Eminent players are heavily investing in R&D to improve biofuel production technologies. Advancements in enzyme technology, fermentation processes, and feedstock conversion are making biofuels more efficient and cost-effective. Key players are expanding their feedstock base to include non-food and waste-based materials. This reduces competition with food crops, ensures a sustainable supply of raw materials, and helps meet global sustainability targets.

Advanced Biofuel Market Companies

Eminent players operating in the advanced biofuel industry are:

Advanced Biofuel Solutions
BP
Clariant
ExxonMobil
Gevo
GranBio
Green Plains
Iogen
POET
Solix Biofuels

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Question(FAQ) :

How big is the advanced biofuel market?: The advanced biofuel market was valued at USD 1.46 billion in 2024 and is expected to reach around USD 5.21 billion by 2034, growing at 13.9% CAGR through 2034.
What will be the size of cellulosic ethanol segment in the advanced biofuel industry?: The cellulosic ethanol segment is anticipated to cross 2.4 billion by 2034.
Who are the key players in advanced biofuel market?: Some of the major players in the advanced biofuel industry include Advanced Biofuel Solutions, BP, Clariant, ExxonMobil, Gevo, GranBio, Green Plains, Iogen, POET, Solix Biofuels.
How much advanced biofuel market share captured by North America in 2024?: The North America advanced biofuel market held around 36% share in 2024.

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Authors: Ankit Gupta, Pooja Shukla

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Base Year: 2024

Companies covered: 10

Tables & Figures: 35

Countries covered: 15

Pages: 123

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Advanced Biofuel Market Share

Advanced Biofuel Market Share

Advanced Biofuel Market Companies

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