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 European biofuels market recorded revenues of $45.04 billion in 2024, representing a compound annual growth rate (CAGR) of 4.8% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 1.1% between 2019 and 2024, reaching a total of 164.42 million barrels in 2024.
- Germany accounted for 20.5% of the European biofuels market in 2024, followed by France with a 19.3% share.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the biofuels market in Europe
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the biofuels market in Europe
- 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 Europe biofuels market with five year forecasts
Reasons to Buy
- What was the size of the Europe biofuels market by value in 2024?
- What will be the size of the Europe biofuels market in 2029?
- What factors are affecting the strength of competition in the Europe biofuels market?
- How has the market performed over the last five years?
- What are the main segments that make up Europe's biofuels market?
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Neste Corp
- Repsol SA
- Verbio SE
- TotalEnergies SE