Published by maria gbaf
Posted on November 9, 2021
4 min readLast updated: January 28, 2026
In 2020, U.S. and Brazil produced over 9.5 billion gallons of biofuels. The global market is set to exceed US$ 141 billion by 2021, with North America leading demand.
As per a new report published by Fact.MR, a market research and competitive intelligence provider, the global biofuels market is anticipated to exceed a valuation of around US$ 141 Bn by 2021. Under the likely scenario, the market can register a CAGR of around 4.8% over the projection period of 2021 to 2031. North America accounts for nearly 35% of global biofuel demand.
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Key Companies Profiled
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Key Takeaways from Market Study
“Research & development on biofuel-based automotive engines promises significant revenue addition in the years to come. Volkswagen’s recent announcement to phase out fossil fuel-based vehicle production and conducting research on biofuel-based automotive suggests growth prospects for biofuel suppliers.” says a Fact.MR analyst.
Market Segments Covered in Biofuels Industry Research
By Biofuel Type
By Feedstock
By Application
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Winning Strategy
Considering policymakers’ interest in alternative fuel, biofuel companies should steadily increase their production capacity. Besides, concentration of production base in the U.S. and Brazil makes the industry trade-dependent. Companies’ initiative to open production bases in other countries can lead to a significant growth in demand over the coming years.
Analysis on Market Size Evaluation
The market has been analyzed for each market segment in terms of volume (Gallons) and value (US$ Mn). Market estimates at global and regional levels for biofuels are available in terms of “US$ Mn”. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report.
Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a solution provider can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global biofuels market.
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2020/03/17/2001947/0/en/Sales-of-Automotive-Wrap-Films-to-Expand-6X-Between-2019-and-2029-MEA-Poised-to-Turn-Highly-Lucrative-Forecasts-a-New-Fact-MR-Report.html
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The article discusses biofuels production in the U.S. and Brazil in 2020, highlighting market trends and future projections.
Biofuels market is expected to grow, with North America and Latin America leading production and demand.
Major companies include Bunge Limited, Archer Daniels Midland Company, and Valero Energy Corp.
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