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Biofuels Market 2023 - Business Overview, New Share, Trends Analysis, And Forecast To 2032
Biofuels Market
Biofuels Market Size, Growth Rate, And Forecast
The global biofuels market size grew from $151.44 billion in 2022 to $168.13 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The biofuels market size is expected to grow to $220.87 billion in 2027 at a CAGR of 7.1%.
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Biofuels Market Drivers
Increased petroleum prices are expected to propel the growth of the biofuel market. Rising crude oil costs and increased taxation have consistently contributed to increased petrol and diesel prices across the world. It helps to reduce the carbon footprint of transportation and other businesses.
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Biofuels Market Segments
• By Form: Solid Biofuel, Liquid Biofuel, Gaseous Biofuel
• By Product Type: Biodiesel, Ethanol, Biogas, Others Products
• By Feedstock: Coarse Grain, Non-agri Feedstock, Biomass, Vegetable Oil, Sugar Crop, Jatropha, Other Feedstocks
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the biofuels market.
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Biofuels Market Key Players
Major competitors in the biofuels market include Archer Daniels Midland Company, Abengoa S. A., Renewable Energy Corp, Wilmar International, Poet Llc, Bunge Limited, Valero Energy Corporation, Petrobras, Butamax Advanced Biofuels LLC, Algenol, Pacific Ethanol Inc., Cargill, DowDuPont Inc., Verbio AG, My Eco Energy, China Clean Energy Inc., BTG International Ltd., Flint Hills Resources and The Andersons Inc.,
The Business Research Company's "Global Biofuels Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Biofuels Market Include:
1. Executive Summary
2. Biofuels Market Characteristics
3. Biofuels Market Trends And Strategies
4. Biofuels Market - Macro Economic Scenario
5. Biofuels Market Size And Growth
……
26. Africa Biofuels Market
27. Biofuels Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biofuels Market
29. Biofuels Market Future Outlook And Potential Analysis
30. Appendix
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