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Transportation Biofuel Market Share

Report ID: GMI7636
Published Date: Dec 2023
Report Format: PDF

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Transportation Biofuel Market Share

The transportation 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:

Transportation 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 transportation biofuel was worth USD 76.9 billion in 2023 and is expected to witness over 7.5% CAGR from 2024 to 2032, attributed to the surging need for environmentally friendly fuels in road transportation.

The ethanol fuel segment held sizable revenue share of the transportation biofuel industry in 2023 and is projected to grow at over 7.4% CAGR through 2032, owing to the ongoing shift towards higher ethanol blends coupled with increasing interest in cellulosic ethanol.

North American market for transportation biofuel is anticipated to record over 7.4% CAGR from 2024 to 2032, driven by the increasing number of government policies and incentives at the federal and state levels to promote the use of biofuels.

Some of the top transportation biofuel companies are Chevron Corporation, Neste, Wilmar International Ltd, BTG International Ltd, Cargill, POET, LLC, My Eco Energy, Münzer Bioindustrie GmbH, The Andersons, Inc., UPM, CLARIANT, and TotalEnergies, among others.