Press release
Soaring Petroleum Prices Fueling The Growth Of The Biofuel Market Emerges as a Core Driver of the Biofuels Market in 2025
Biofuels Market
What Is the Expected CAGR for the Biofuels Market Through 2025?
The biofuels market has seen robust growth in the past few years. From $175.24 billion in 2024, it is expected to increase to $188.9 billion in 2025, with a compound annual growth rate (CAGR) of 7.8%. This growth during the historical period can be credited to concerns over energy security, fluctuations in oil prices, and government incentives.
What's the Projected Size of the Global Biofuels Market by 2029?
The size of the biofuels market is predicted to significantly expand in the coming years, reaching a valuation of $258.09 billion in 2029 with a compound annual growth rate (CAGR) of 8.1%. The anticipated surge during the forecast period can be attributed to renewable energy objectives, improvements in feedstock production, increased public awareness, and the adoption in developing economies. Key trends anticipated during the forecast period encompass the development of advanced biofuels, technological advancements, integration with traditional fuels, and market consolidation.
View the full report here:
https://www.thebusinessresearchcompany.com/report/biofuels-global-market-report
Top Growth Drivers in the Biofuels Industry: What's Accelerating the Market?
The biofuel market is likely to be propelled by the escalating prices of petroleum. The surge in crude oil prices, compounded by climbing taxes, has consistently resulted in inflated petrol and diesel costs worldwide. The ongoing Russia-Ukraine conflict represents a key factor in the swift escalation of worldwide petroleum prices. Several other factors are also triggering the rise in crude oil prices, such as market tightness, supply and demand uncertainties, geopolitical dynamics, apprehensions about potential future supply disruptions, and speculation affecting the petroleum market. These increasing petroleum prices promote a higher demand for biofuel - an alternative fuel derived from renewable sources and less flammable than fossil diesel, thus assisting in the reduction of transportation and other industries' carbon footprint. As an illustration, the Federal Reserve Bank of Dallas reported that crude oil prices skyrocketed from an average of $71 per barrel in December 2021 to $109 per barrel by May 2022. Consequently, the burgeoning petroleum prices are expected to stimulate the growth of the biofuel market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7745&type=smp
What Trends Will Shape the Biofuels Market Through 2029 and Beyond?
In the biofuel market, technology progression is becoming a popular trend. The increasing popularity of advanced biofuels can be attributed to their high energy densities and compatibility with the existing fuel infrastructure. They are also regarded as environmentally friendly energy sources. The market recently observed the creation of advanced bio-hydrocarbons from lignocellulosic biomass such as waste, trees, grasses, and agricultural left-overs. Main businesses in the biofuel market are dedicated to creating technological innovations to consolidate their market standing. For illustration, Clariant, a Europe-based chemical company, launched a range of Vita surfactants and polyethylene glycols (PEGs) - entirely derived from bio-based, renewable carbon from plants - in February 2022. These new Vita products are devised for natural formulations having a high Renewable Carbon Index (RCI), aiding manufacturers to enhance the utilization of bio-based carbon content in consumer products like detergents, hair and shower gels, paints, industrial lubricants, and crop treatments.
What Are the Main Segments in the Biofuels Market?
The biofuels market covered in this report is segmented -
1) By Form: Solid Biofuel, Liquid Biofuel, Gaseous Biofuel
2) By Product Type: Biodiesel, Ethanol, Biogas, Others Products
3) By Feedstock: Coarse Grain, Non-Agri Feedstock, Biomass, Vegetable Oil, Sugar Crop, Jatropha, Other Feedstocks
Subsegments:
1) By Solid Biofuel: Wood Pellets, Agricultural Residues, Dedicated Energy Crops, Biomass Briquettes
2) By Liquid Biofuel: Bioethanol, Biodiesel, Renewable Diesel, Bio-Jet Fuel
3) By Gaseous Biofuel: Biogas, Biomethane, Hydrogen From Biomass
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=7745&type=smp
Which Top Companies are Driving Growth in the Biofuels Market?
Major companies operating in the biofuels market include The Archer-Daniels-Midland Company, Abengoa S. A., Renewable Energy Corporation, Wilmar International Limited, Poet LLC, Praj Industries Limited, Raven SR Inc., Shell PLC, Sustainable Oils, UPM-Kymmene Oyj, Velocys Inc., Virent Energy Systems Inc., Aemetis Inc., Amyris Inc., Anellotech Inc., Avantium Technologies B. V., Axens Technologies (IFP), Cargill Inc., Chevron Corporation, Clariant International AG, Corbion N. V., DG Fuels, Diamond Green Diesel LLC, Dimeta, DMC Biotechnologies Inc., Enerkem Inc., Fidelis New Energy LLC, Fluid Quip Technologies LLC, Genofuel, Gevo Inc., Ginkgo BioWorks, GranBio, Green Plains Inc., Haldor Topsoe A/S, Honeywell International Inc.
Which Regions Will Dominate the Biofuels Market Through 2029?
North America was the largest region in the biofuel market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biofuels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7745
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Soaring Petroleum Prices Fueling The Growth Of The Biofuel Market Emerges as a Core Driver of the Biofuels Market in 2025 here
News-ID: 4075055 • Views: …
More Releases from The Business Research Company
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
Polyurethane Foam Market to Record 8.4% CAGR Growth Through 2029 | Global Analys …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyurethane Foam Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the size of the polyurethane foam market has experienced substantial growth. It is projected to increase from a value of $54.27 billion in 2024 to $57.26 billion in 2025, indicating a compound annual growth…
Pharmaceutical Intermediates Market Size to Reach $46.04 Billion by 2029 | Growt …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Pharmaceutical Intermediates Industry?
There has been consistent growth in the market size of pharmaceutical intermediates over the past few years. The market is predicted to increase from a value of $33.37 billion in 2024, up to $34.95 billion in 2025, with a compound…
More Releases for Biofuel
Biofuel Enzymes Market Strategic Outlook Revenue Forecast and biofuel enzymes ma …
In recent years, the global biofuel enzymes Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on biofuel enzymes Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five…
Biofuel Additives Market Growing Rapidly by - Clariant AG, The Lubrizol Corporat …
DataM Intelligence has published a new research report on "Biofuel Additives Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
Get a Free Sample Research PDF -…
Biofuel Market Powering a Greener Future: The Biofuel Market - A Sustainable Pat …
Biofuel Market worth $257.19 Bn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Biofuel Market- (By Fuel Type (Ethanol, Biodiesel, Renewable Diesel, and Biojets), Generation (First Generation, Second Generation, Third Generation), End-use (Transportation, Aviation)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Biofuel Market…
Biofuel Additives Market Set for Explosive Growth| Chemiphase, Evonik Industries …
Advance Market Analytics published a new research publication on "Biofuel Additives Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Biofuel Additives market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample Copy of…
Global Enzymes in Biofuel Market By Key Players Biofuel Enzyme, Schaumann Bioene …
Qyresearchreports include new market research report Global Enzymes in Biofuel Market Research Report 2018 to its huge collection of research reports.
This report studies the global Enzymes in Biofuel market status and forecast, categorizes the global Enzymes in Biofuel market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
The global…
Enzymes in Biofuel Market Research Report 2018 | Biofuel Enzyme, Schaumann Bioen …
Researchmoz added Most up-to-date research on "Global Enzymes in Biofuel Market Research Report 2018" to its huge collection of research reports.
This report studies the global Enzymes in Biofuel market status and forecast, categorizes the global Enzymes in Biofuel market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
The…
