Press release
Biofuels Market To Reach US$ 390.62 Bn by 2031 CAGR: 9% . Report By Coherent Market Insights
Biofuels Market
The global biofuels market size was valued at US$ 213.68 Bn in 2023 and is expected to reach US$ 390.62 Bn by 2030, growing at a compound annual growth rate (CAGR) of 9% from 2023 to 2030.
Market Dynamics:
Stringent government policies and regulations mandating the use of clean energy sources along with growing concerns about environmental pollution are expected to boost the demand for biofuels over the forecast period. Several countries have implemented renewable fuel standards that require the blending of biofuels such as ethanol with gasoline. For instance, the U.S. Renewable Fuel Standard (RFS) program requires millions of gallons of biofuels to be blended into transportation fuel each year. Furthermore, rapid urbanization and rising energy demand from the transportation sector are also anticipated to drive the biofuels market during the forecast period.
💎 Sample Copy of the Report @ https://www.coherentmarketinsights.com/insight/request-sample/5847?utm_source=openpr.com&utm_medium=referral
Major Market Drivers
Increasing Concerns Over Greenhouse Gas Emissions and Environmental Pollution
One of the key drivers of the biofuels market is the increasing concerns regarding greenhouse gas emissions and environmental pollution caused by fossil fuels. Burning of fossil fuels like petroleum, coal, and natural gas releases carbon dioxide and other harmful gases into the atmosphere. This is contributing significantly to global warming and climate change. Several countries and international agencies are putting stringent regulations on vehicle emissions to curb air pollution. Biofuels are considered as cleaner and greener alternative to conventional fossil fuels as they have lower carbon footprint. The use of biofuels can help reduce dependency on fossil fuels and lower emissions from the transportation sector.
Major Market Opportunity
Increasing Focus on Advanced Biofuels
With the global focus shifting towards sustainability and reducing dependence on petroleum, governments and companies are investing heavily in research and development of advanced biofuels. Advanced biofuels are made from non-edible parts of plants and other feedstocks that do not interfere with food production. This includes cellulosic ethanol from agricultural residues like corn cobs and stalks as well as algae-based biofuels. Advanced biofuels have the potential to provide higher energy density and significantly lower lifecycle greenhouse gas emissions compared to conventional biofuels. As technologies around advanced biofuels gradually mature, their commercial production presents a major growth opportunity for biofuel manufacturers in the coming years. This can help address the issues related to land-use changes and food security.
Major Market Trend
Integration of Biofuels into Mainstream Transportation Sector
A key trend observed in the biofuels market is the increasing integration of biofuels into mainstream transportation sector. Major automakers are approving flex-fuel vehicles that can run on high blends of gasoline and ethanol as well as diesel and biodiesel blends. Many oil marketing companies are setting up pumps specifically for biodiesel and neat biodiesel. Major airlines are also testing biojet fuels to reduce their carbon footprint. Airports are investing in biofuel infrastructure to enable larger-scale supply and use of sustainable aviation fuels. As distribution networks expand and global fleet adopts higher biofuel blends, the market for renewable transportation fuels is expected to grow substantially in the coming years. This reflects growing acceptance of biofuels among transportation consumers worldwide.
💎 You Can Purchase Complete Report @ https://www.coherentmarketinsights.com/insight/buy-now/5847
Top Companies Featured in This Report:
★ Archer Daniels Midland Company
★ Cargill
★ Incorporated
★ Neste Corporation
★ Renewable Energy Group
★ Inc.
★ Poet
★ LLC
★ Valero Energy Corporation
★ BP plc
★ Royal Dutch Shell plc
★ Chevron Corporation
★ TotalEnergies SE
★ Repsol S.A.
★ Cosan Limited
★ Wilmar International Limited
★ Raízen
★ Green Plains Inc.
Market Segmentation:
By Product Type:
★ By Feedstock Type: Vegetable Oil-based Biofuels (e.g., soybean oil, palm oil, rapeseed oil), Animal Fat-based Biofuels (e.g., tallow, poultry fat), Algae-based Biofuels, and Waste-based Biofuels (e.g., used cooking oil, municipal solid waste)
★ By Fuel Type: Biodiesel, Bioethanol, Biogas, Biojet Fuel, and Biohydrogen
By Applications:
★ By Application: Transportation (road vehicles, aviation, marine), Power Generation, Heating and Cooling, and Industrial Processes
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Trends in Navigation Keyword Market:
Market Growth: Expect significant expansion in the navigation keyword market, with a projected Compound Annual Growth Rate (CAGR) of 14.65% from 2024 to 2031.
Increasing Demand: Notice a surge in demand for navigation keywords due to the widespread adoption of GPS-enabled devices and the need for precise mapping data.
Technological Innovations: Witness innovative breakthroughs enhancing the accuracy and reliability of navigation keywords, such as real-time traffic updates, 3D mapping, and augmented reality.
Tailored Solutions: Explore industry-specific navigation keyword solutions designed to meet the unique needs of automotive, aviation, and maritime sectors.
Integration with Advanced Technologies: Embrace the integration of navigation keywords with cutting-edge technologies like artificial intelligence and the Internet of Things, unlocking advanced functionalities.
Mobile Applications: Embrace the convenience and accessibility of navigation keywords through mobile applications, catering to the evolving needs of consumers.
Environmental Sustainability: Embrace environmentally conscious navigation keyword solutions that address issues like traffic congestion and air quality, promoting sustainable transportation options.
Report Highlights:
📈 Examination of navigation keyword market share at both country and regional levels
📈 Thorough analysis of the competitive landscape and emerging trends
📈 Detailed review of product advancements, technological developments, drivers, and limitations
📈 Strategic recommendations tailored for key business segments based on market insights
📈 Valuable guidance for newcomers venturing into the navigation keyword market
Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/5847
Author Bio:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )
Contact Us
Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Australia: +61-2-4786-0457
India: +91-848-285-0837
About Us
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Biofuels Market To Reach US$ 390.62 Bn by 2031 CAGR: 9% . Report By Coherent Market Insights here
News-ID: 3596157 • Views: …
More Releases from CMI
New Report: Topical Pain Relief Market Set for Rapid Expansion 2025-2032 | Johns …
The Topical Pain Relief Market : A thorough analysis of statistics about the current as well as emerging trends offers clarity regarding the Topical Pain Relief Market dynamics. The report includes Porter's Five Forces to analyze the prominence of various features such as the understanding of both the suppliers and customers, risks posed by various agents, the strength of competition, and promising emerging businesspersons to understand a valuable resource. Also,…
How the Endocrinology Drug Market Evolve by 2032 - Growth, Segments, and Revenue …
Endocrinology Drug Market is estimated to be valued at USD 74.11 Bn in 2025 and is expected to reach USD 99.51 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.3% from 2025 to 2032.
The Endocrinology Drug Market : A thorough analysis of statistics about the current as well as emerging trends offers clarity regarding the Endocrinology Drug Market dynamics. The report includes Porter's Five Forces to…
Single Cell Analysis Market: Future Trends & Opportunity Outlook to 2032 | 10X G …
Overview
The "Single Cell Analysis Market 2025 Forecast to 2032" report delivers precise global, regional, and country-level insights backed by reliable economic analysis. It presents a clear view of the competitive environment and includes a detailed supply chain study to help businesses anticipate shifts in industry practices. The study also assesses the present market scenario of the Single Cell Analysis industry and outlines future growth prospects, technological developments, investment opportunities, and…
Elastomeric Infusion Pumps Market to hit US$ 2,359.03 Mn by 2032 - Coherent Mark …
The Elastomeric Infusion Pumps Market Research Report is the result of extensive research and analysis conducted by our team of experienced market researchers. It encompasses a wide range of critical factors influencing the Elastomeric Infusion Pumps Market Growth from 2025 to 2032, including competitive landscape, consumer behavior, and technological advancements. This report serves as a valuable resource for industry players, helping them make informed decisions and stay ahead of the…
More Releases for Biofuels
Biofuels Market Is in Huge Demand: ADM, Arizona Biodiesel, Amereco Biofuels
AMA Research recently published a report on the Global Biofuels market that provides the latest and reviewed data, figures, and analysis of technological advancements, policies, and markets worldwide. The report includes a survey with manufacturers and stakeholders of Biofuels from major geographies, which revealed various challenges in regulation, development, and growth scenarios. The report also highlights the increase in Biofuels mergers and acquisitions as producers aim to remain competitive in…
BIOFUELS CONFERENCE
Curtis & Wyss Group is pleased to invite you to the Biofuels Conference scheduled on April 27th-28th, 2023 in Barcelona, Spain.
Do not miss the opportunity to join a range of topical sessions relating to the biofuels and bioenergy sector, emerging trends, biomass into biofuels and bioenergy, feedstock supply and conversion technologies for advanced biofuels, microalgae as
a source of biofuels and bioenergy, techno-economic analysis and life cycle assessment and…
Aviation Biofuels Market Research Report and Forecast to 2028 | Red Rock Biofuel …
Abstract: What`s New for 2022? Global competitiveness and key competitor percentage market shares. Market presence across multiple geographies - Strong/Active/Niche/Trivial.
The Aviation Biofuels Market report contains a complete analysis of the industry's major drivers and constraints, opportunities, and challenges throughout the forecasted timeframe. With the greatest facts and figures, meaning, definition, SWOT analysis, research findings, and the newest developments throughout the world, the research report provides essential analysis on the Aviation…
Aviation Biofuels Market Statistics, Cagr, Outlook, And Covid-19 Impact 2021 – …
The Aviation Biofuels Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
The Global Aviation Biofuels Market…
Aviation Biofuels Market May see a Big Move | Major Giants Honeywell, Red Rock B …
The latest research on “Global Aviation Biofuels Report 2021” offered by HTF MI provides a comprehensive investigation into the geographical landscape, industry size along with the revenue estimation of the business. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the “Market”.
Get Free Sample PDF including full TOC, Tables and Figures and Available customizations) in Global Aviation Biofuels: https://www.htfmarketreport.com/sample-report/1956983-global-aviation-biofuels-market
Proceeding further, the…
Global Aviation Biofuels Market 2020 Business Strategies – Red Rock Biofu …
The market report titled “Aviation Biofuels Market by Production Technology (Fischer-Tropsch and Hydrogenated Vegetable Oil) and by Application (Military Aviation and Commercial Aviation): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” and published by Zion Market Research will put forth a systematizedevaluation of the vital facets of the global Aviation Biofuels market. The report willfunction as a medium for the better assessment of the existing and future situations of the…
