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MarketLine Department
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Global Biofuel Consumption

Summary

Global Biofuel Consumption industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). 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.
- The global biofuels market had total revenues of $190.3 billion in 2022, representing a compound annual growth rate (CAGR) of 8.7% between 2017 and 2022.
- Market consumption volume increased with a CAGR of 2.2% between 2017 and 2022, to reach a total of 1,074.2 thousand barrels in 2022.
- Demand for biofuel in transportation and power generation has been boosted in recent years as part of countries’ efforts to use alternative green fuels, to cut greenhouse gas emissions.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the biofuel consumption market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global biofuel consumption market
- 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 Global biofuel consumption market with five year forecasts by both value and volume

Reasons To Buy

- What was the size of the Global biofuel consumption market by value in 2022?
- What will be the size of the Global biofuel consumption market in 2027?
- What factors are affecting the strength of competition in the Global biofuel consumption market?
- How has the market performed over the last five years?
- Who are the top competitiors in the global's biofuel consumption market?
Provider
MarketLine
MarketLine

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