Biofuels in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). 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. Market volume represents the consumption of biofuel in a country in a specific year. Market value is calculated by multiplying market volume by the wholesale price of biofuel.
- The North American biofuels market recorded revenues of $64.03 billion in 2024, representing a compound annual growth rate (CAGR) of 3.8% between 2019 and 2024.
- Market consumption volumes declined with a negative CAGR of 1.1% between 2019 and 2024, reaching a total of 425.35 million barrel in 2024.
- The US accounted for 95.8% of the North American biofuels market in 2024, followed by Canada with a 3.5% share and Mexico with a 0.7% share.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the biofuels market in North America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the biofuels market in North America
- Leading company profiles reveal details of key biofuels market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the North America biofuels market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the North America biofuels market by value in 2024?
- What will be the size of the North America biofuels market in 2029?
- What factors are affecting the strength of competition in the North America biofuels market?
- How has the market performed over the last five years?
- What are the main segments that make up North America's biofuels market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Poet LLC
- Valero Energy Corp
- Chevron Renewable Energy Group Inc
- Neste Corp
