Global's biofuels market value 2021-2030, by form

Published by Statista Research Department, May 7, 2024

Gaseous biofuels have the highest market value worldwide. In 2023, the market value for gaseous biofuels production was estimated at 52.03 billion U.S. dollars. This compared to a market size of 24.71 billion U.S. dollars for solid biofuels production.

More information on the biofuels production market can be found here.

Market value of biofuels production worldwide from 2021 to 2023, with a forecast until 2030, by form (in billion U.S. dollars)

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Release date

April 2024

Region

Worldwide

Survey time period

2021 to 2023

Supplementary notes

*Figures underlie the following CAGR assumptions for 2024 to 2031: 

Solid fuels - 4.91 percent
Liquid fuels - 6.18 percent 
Gaseous fuels - 6.64 percent

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