Global Liquid Biofuels Market to Reaching $139.7 Billion by 2030

Dublin, Dec. 10, 2024 - The global liquid biofuels market is projected to reach $139.7 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.1% from 2023 to 2030, according to the newly released report "Liquid Biofuels - Global Strategic Business Report" by ResearchAndMarkets.com.

The market for liquid biofuels was estimated at $92.1 billion in 2023 and is expected to be driven by increasing demand for renewable energy sources, technological innovations in biofuel production, and supportive policies from governments worldwide.

The report provides a comprehensive overview of the global liquid biofuels market, including its market size, growth drivers, and forecasts. It also presents an in-depth analysis of market trends, regulatory environment, and competitive landscape.

According to the report, major players such as Archer Daniels Midland Company, Bangchak Petroleum Company Ltd., Butamax Advanced Biofuels LLC, CropEnergies AG, Emami Agrotech Limited, Enerkem Inc., Fulcrum BioEnergy Inc., Gevo Inc., Pacific Ethanol Inc., and Poet LLC are expected to play a significant role in the market.

The report also highlights several trends that are expected to shape the future of the global liquid biofuels market, including increasing adoption of circular economy practices, growing investment in biofuel infrastructure, and development of sustainable aviation fuels (SAFs).

Overall, the research report provides valuable insights into the global liquid biofuels market, helping businesses make informed strategic decisions.