Biofuels Market: Global Industry Analysis and Forecast (2025-2032)
Given the availability of feedstock for biofuel production, North America held the greatest market share of 38.6 percent in terms of revenue in 2024. The market will expand in the region as long as there is supportive infrastructure for the production of these fuels and supportive government regulations for their use. In comparison to other regions, the market in the Asia Pacific is anticipated to see the greatest volume-based CAGR of 6.4 percent over the forecast period. It is anticipated that the introduction and expansion of biofuel-supporting laws and policies in countries like Germany, Indonesia, Australia, and India would increase demand for biofuels, particularly in the transportation sector when blended with traditional fossil fuels.
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