Biofuels Market Poised to Reach USD 219.90 Bn by 2032, Growing at a CAGR of 5% from 2025 to 2032
The Biofuels Market is experiencing robust expansion, driven by the global demand for cleaner, renewable alternatives to fossil fuels. Derived from organic matter like corn, sugarcane, soy, and algae, biofuels such as bioethanol and biodiesel are gaining traction in the transportation sector due to their lower carbon emissions and sustainability profile. Governments across the globe are actively promoting biofuels through blending mandates, subsidies, and sustainability targets, making them a key component in achieving net-zero emissions and energy diversification.
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