The Road to Net Zero: Biofuels Market Trends & Forecast...

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2025-04-11 07:19:12 - Translate -

The Road to Net Zero: Biofuels Market Trends & Forecast (2024–2031)

The global biofuels market, valued at USD 147 billion in 2023, is set to grow to USD 235 billion by 2031, with a CAGR of 5.8%. This expansion reflects rising demand for sustainable energy alternatives, supported by advancements in biofuel technology and favorable government policies. With bioethanol and biodiesel leading, biofuels are essential in reducing carbon emissions and advancing the...

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