The biofuels market in the UAE is expected to reach a projected revenue of US$ 163.1 million by 2030. A compound annual growth rate of 9.8% is expected of the UAE biofuels market from 2024 to 2030.
The UAE biofuels market generated a revenue of USD 86.3 million in 2023 and is expected to reach USD 163.1 million by 2030.
The UAE market is expected to grow at a CAGR of 9.8% from 2024 to 2030.
In terms of segment, solid 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.
Biofuels market data book summary
Market revenue in 2023
USD 86.3 million
Market revenue in 2030
USD 163.1 million
Growth rate
9.8% (CAGR from 2024 to 2030)
Largest segment
Solid biofuel
Fastest growing segment
Liquid Biofuel
Historical data
2018 - 2022
Base year
2023
Forecast period
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, UAE accounted for 0.1% of the biofuels market in 2023.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Middle East & Africa, Saudi Arabia biofuels market is projected to lead the regional market in terms of revenue in 2030.
Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 205.7 million by 2030.
The rise in environmental concerns is expected to drive the demand for the biofuels market across UAE. Favorable regulatory policies along with rising government investments will further boost the adoption of biofuels in the country.
For instance, the Dubai Municipality build a biogas plant at the Warsan sewage treatment plant, and this project will help decrease carbon dioxide emission. This project is guided by the Dubai Clean Energy Strategy 2050, and with this strategy, the city aims to become the world's minimum carbon footprint city by the year 2050.
Moreover, in January 2023, Masdar, the United Arab Emirates' renewable energy organization, Abu Dhabi National Oil organization (ADNOC), and oil and gas major BP have agreed to launch a joint feasibility study to investigate the development of sustainable aviation fuel (SAF) in the country.
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.
Solid Biofuel was the largest segment with a revenue share of 60.02% in 2023.
Horizon Databook has segmented the Uae biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
The rise in environmental concerns is expected to drive the demand for the biofuels market across UAE. Favorable regulatory policies along with rising government investments will further boost the adoption of biofuels in the country.
For instance, the Dubai Municipality build a biogas plant at the Warsan sewage treatment plant, and this project will help decrease carbon dioxide emission. This project is guided by the Dubai Clean Energy Strategy 2050, and with this strategy, the city aims to become the world's minimum carbon footprint city by the year 2050.
Moreover, in January 2023, Masdar, the United Arab Emirates' renewable energy organization, Abu Dhabi National Oil organization (ADNOC), and oil and gas major BP have agreed to launch a joint feasibility study to investigate the development of sustainable aviation fuel (SAF) in the country.
Uae Biofuels Market Form Outlook (Revenue, USD Million , 2018-2030)
Solid Biofuel
Liquid Biofuel
Gaseous Biofuel
Uae Biofuels Market Product Outlook (Revenue, USD Million , 2018-2030)
Biodiesel
Ethanol
Wood Pellets
Other Product
Uae Biofuels Market Feedstock Outlook (Revenue, USD Million , 2018-2030)
Corn
Sugarcane
Vegetable Oils
Other Feedstock
Uae Biofuels Market Application Outlook (Revenue, USD Million , 2018-2030)
Transportation
Aviation
Energy Generation
Heating
Other Application
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Horizon Databook provides a detailed overview of country-level data and insights on the UAE Biofuels Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into UAE Biofuels Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.