North America Biofuels Market Size & Outlook, 2024-2030
Global Report
Related Markets
North America biofuels market highlights
- The North America biofuels market generated a revenue of USD 33,151.7 million in 2023.
- The market is expected to grow at a CAGR of 11.8% from 2024 to 2030.
- In terms of segment, liquid biofuel was the largest revenue generating form in 2023.
- Liquid Biofuel is the most lucrative form segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 33,151.7 million |
| Market revenue in 2030 | USD 70,946.5 million |
| Growth rate | 11.8% (CAGR from 2024 to 2030) |
| Largest segment | Liquid biofuel |
| Fastest growing segment | Liquid Biofuel |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solid Biofuel, Liquid Biofuel, Gaseous Biofuel |
| Key market players worldwide | Air Liquide SA, Archer-Daniels Midland Co, Bunge Global SA, Green Plains Inc, Petroleo Brasileiro SA Petrobras ADR, Chevron Corp, International Flavors & Fragrances Inc, Shell PLC, Wilmar International Ltd |
Other key industry trends
- In terms of revenue, North America region accounted for 33.3% of the biofuels market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 43,944.0 million by 2030.
The North American biofuels market is rapidly growing for bioethanol & biodiesel. Significant factors influencing the growth include favorable regulatory & political support, innovation support (for second & third generation biofuels), environmental support, customer support, geopolitical support, agricultural, and economic support.
Major factors supporting the growth of biofuel market in North America include high demand for green fuels, stringent environmental regulations, and high investment for the development of biofuel refineries. Significant drivers including technological advancement and awareness regarding the benefits of biofuel as a clean fuel is likely to boost the North American market.
In the U.S., 49 states have implemented ASTM D6751 as state law and now been mandated to enforce the ASTM D6751 biodiesel standard.
No credit card required*
Publish Date: Nov 27, 2025
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Three ways to get this data
Subscribe to the databook, customize it, or ask a question.Horizon Databook
Unlock every chart on this page and get dashboard access
- Statistics1.2M+ across all markets
- Databooks30K+ global, 120K+ country
- Companies200K+ profiles
- ExportPDF, Dashboard, XLS & PNG, licensed to cite
Customize it
Customize data as per your requirement
- AddCountries, segments, years
- RecutTo your product definition
- ExtendCompany-level detail
- OrA bespoke databook
- Turnaround5–10 working days
Ask Prism AI
A cited answer in seconds
- Corpus30,000 studies, 1.2M points
- ScopeAll markets, not just this
- CitationTraced to report & table
- HonestySays "not covered" if so
- SpeedSeconds, not days
Biofuels Market Scope
Biofuels Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Chevron Corp | View profile | 45,600 | 6001 Bollinger Canyon Road, San Ramon, CA, United States, 94583-2324 | www.chevron.com |
| Archer-Daniels Midland Co | View profile | 41,802 | 77 West Wacker Drive, Suite 4600, Chicago, IL, United States, 60601 | www.adm.com |
| Wilmar International Ltd | View profile | 100,000 | 28 Biopolis Road, Wilmar International, Singapore, Singapore, 138568 | www.wilmar-international.com |
| International Flavors & Fragrances Inc | View profile | 21,500 | 521 West 57th Street, New York, NY, United States, 10019-2960 | www.iff.com |
| Shell PLC | View profile | 100,000 | Shell Centre, London, United Kingdom, SE1 7NA | www.shell.com |
| Green Plains Inc | View profile | 921 | 1811 Aksarben Drive, Omaha, NE, United States, 68106 | www.gpreinc.com |
| Petroleo Brasileiro SA Petrobras ADR | View profile | 40,213 | Avenida Republica do Chile, 65, Rio de Janeiro, RJ, Brazil, 20031-912 | www.petrobras.com.br |
| Bunge Global SA | View profile | 23,000 | 1391 Timberlake Manor Parkway, Chesterfield, MO, United States, 63017 | www.bunge.com |
| Air Liquide SA | View profile | 67,800 | 75, Quai d'Orsay, Paris, France, 75007 | www.airliquide.com |
North America Biofuels Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Biofuels Market Outlook will help companies and investors design strategic landscapes.
Liquid Biofuel was the largest segment with a revenue share of 53.94% in 2023.
Horizon Databook has segmented the North America biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
The North American biofuels market is rapidly growing for bioethanol & biodiesel. Significant factors influencing the growth include favorable regulatory & political support, innovation support (for second & third generation biofuels), environmental support, customer support, geopolitical support, agricultural, and economic support.
Major factors supporting the growth of biofuel market in North America include high demand for green fuels, stringent environmental regulations, and high investment for the development of biofuel refineries. Significant drivers including technological advancement and awareness regarding the benefits of biofuel as a clean fuel is likely to boost the North American market.
In the U.S., 49 states have implemented ASTM D6751 as state law and now been mandated to enforce the ASTM D6751 biodiesel standard.
- North America Biofuels Market Form Outlook (Revenue, USD Million , 2018-2030)
- Solid Biofuel
- Liquid Biofuel
- Gaseous Biofuel
- North America Biofuels Market Product Outlook (Revenue, USD Million , 2018-2030)
- Biodiesel
- Ethanol
- Wood Pellets
- Other Product
- North America Biofuels Market Feedstock Outlook (Revenue, USD Million , 2018-2030)
- Corn
- Sugarcane
- Vegetable Oils
- Other Feedstock
- North America Biofuels Market Application Outlook (Revenue, USD Million , 2018-2030)
- Transportation
- Aviation
- Energy Generation
- Heating
- Other Application
Reasons to subscribe to Biofuels Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Biofuels Market Outlook databook
- Our clientele includes a mix of Biofuels Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America Biofuels Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Biofuels Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
North America Biofuels Market, 2018-2030 (US$M)
North America Form - Biofuels Market Statistics, 2023 - 2030 (Thousand TOE)
