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Biofuel Market Share

Report ID: GMI7043
Published Date: Oct 2023
Report Format: PDF

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Biofuel Market Share

The biofuel industry is marked by both established global players and regional companies. Public-private partnerships and collaborations between research institutions, government agencies, and biofuel companies played a role in advancing the industry's research and development efforts. In addition, competition is driving innovation and efficiency, benefiting customers in terms of better technology and competitive pricing across the application segment:

Major players operating in the biofuel industry are:

Biofuel Market Companies

Chevron Corporation
Neste
Wilmar International Ltd
BTG International Ltd
Cargill
VERBIO AG
Borregaard AS
POET, LLC
ADM
My Eco Energy
FutureFuel Corporation
Münzer Bioindustrie GmbH
The Andersons, Inc.
GreenJoules
CropEnergies AG
UPM
CLARIANT
TotalEnergies
Praj Industries
COFCO

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market valuation of biofuel was worth USD 167.7 billion in 2023 and is set to grow at a rate of over 7.2% through 2032, backed by the increased demand for eco-friendly fuels in road transportation.

Vegetable oil feedstock is slated to register at a 6.5% CAGR through 2032. Vegetable oil feedstocks are considered to produce sustainable aviation fuels (SAF), fulfilling the aviation industrys aim to reduce carbon emissions.

North America biofuel market is estimated to observe 6.2% growth rate up to 2032, as the U.S. Environmental Protection Agency (EPA) continues to implement the Renewable Fuel Standard (RFS), which mandates the blending of biofuels into the nations transportation fuel supply.

Chevron Corporation, Neste, Wilmar International Ltd., BTG International Ltd, Cargill, VERBIO AG, Borregaard AS, and POET, LLC among others.