Biofuel Consumption in Europe
SummaryBiofuel Consumption in Europe industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Biofuels are renewable energy sources produced from organic materials or biomass. Biofuels help in reducing greenhouse gas emissions and are therefore used as a substitute for fossil fuels such as gasoline and diesel. Market volume represents consumption of biofuel in a country in a specific year. Market value is calculated by multiplying market volume with wholesale price of biofuel.
- The European biofuel consumption market recorded revenues of $33.4 billion in 2023, representing a compound annual growth rate (CAGR) of 11.3% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 2.2% between 2018 and 2023, to reach a total of 178.3 million barrel in 2023.
- The value market growth during 2018-2023 is attributed to government policies and regulations, environmental concerns and climate change, technological advancements, increasing demand for sustainable fuels in transportation, and growing concern for energy security.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the biofuel consumption market in Europe
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the biofuel consumption market in Europe
- Leading company profiles reveal details of key biofuel consumption market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Europe biofuel consumption market with five year forecasts by both value and volume
Reasons To Buy
- What was the size of the Europe biofuel consumption market by value in 2023?
- What will be the size of the Europe biofuel consumption market in 2028?
- What factors are affecting the strength of competition in the Europe biofuel consumption market?
- How has the market performed over the last five years?
- How large is Europe’s biofuel consumption market in relation to its regional counterparts?
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