Market Size of Europe Biofuel Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Biofuel Market Analysis
The European biofuel market is expected to register a CAGR of more than 5.5% during the forecast period.
Due to regional lockdowns and a decline in the demand for biofuels, the COVID-19 outbreak had a negative effect on the market.Currently, the market has reached pre-pandemic levels.
- Factors such as concerns about the environment, peak oil, energy security, fuel diversity, and sustainability are likely to drive the biofuel market in the region.
- However, the initial cost of providing energy through biofuel is much higher than that of fossil fuels, which may act as a restraint on the market.
- Some countries, like Germany, the UK, the Netherlands, and Sweden, want to blend biodiesel with other fuels to get pure biodiesel, which can be used as fuel in diesel engines.This is likely to give the biofuel market a lot of chances in the near future.
- Germany has been the largest market for biofuel for the last three years, and it is the largest consumer of biofuel in the European Union.
Europe Biofuel Industry Segmentation
Biofuel is a type of fuel that is made in a short amount of time from biomass instead of through the very slow natural processes that make fossil fuels like oil.Biofuel can be produced from plants or from agricultural, domestic, or industrial biowaste.
The European biofuel market is segmented by type, feedstock, and geography. By type, the market is segmented into biodiesel, ethanol, and other types. By feedstock, the market is segmented into coarse grain, sugar crop, vegetable oil, and other feedstocks. The report also covers the market size and forecasts for the biofuel market across the major countries in the region. For each segment, market sizing and forecasts have been done based on volume (million liters).
| Type | |
| Biodiesel | |
| Ethanol | |
| Other Types |
| Feedstock | |
| Coarse Grain | |
| Sugar Crop | |
| Vegetable Oil | |
| Other Feedstocks |
| Geography | |
| Germany | |
| United Kingdom | |
| France | |
| Rest of Europe |
Europe Biofuel Market Size Summary
The European biofuel market is poised for significant growth, driven by increasing environmental concerns, energy security, and the need for fuel diversity and sustainability. Despite the initial high costs associated with biofuels compared to fossil fuels, the market is expected to expand, with countries like Germany, the UK, the Netherlands, and Sweden leading the charge in blending biodiesel with other fuels. Germany, in particular, has been a dominant force in the European biofuel sector, being the largest consumer within the European Union. The region's production of biofuels, including biodiesel and ethanol, surpasses that of any other area globally, with biodiesel playing a crucial role in heavy-duty vehicles and various industries due to its clean-burning properties and renewable nature.
The market landscape is characterized by a fragmented structure with key players such as UPM-Kymmene Oyj, Green Fuel Nordic Oy, and Svenska Cellulosa AB, among others, actively contributing to the sector's development. Recent advancements, such as the establishment of new biodiesel production facilities in Hungary and Germany, underscore the region's commitment to increasing biofuel production capacity. However, geopolitical factors, such as supply chain disruptions due to Russia's invasion of Ukraine, pose challenges, particularly in the availability of feedstock for biodiesel production. Despite these challenges, regulatory measures and new biofuel laws in countries like Germany are expected to bolster the market, supporting the broader growth of biofuels across Europe during the forecast period.
Europe Biofuel Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in million barrels, until 2028
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1.3 Recent Trends and Developments
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1.4 Market Dynamics
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1.4.1 Drivers
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1.4.2 Restraints
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1.5 Supply Chain Analysis
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1.6 Porter's Five Forces Analysis
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1.6.1 Bargaining Power of Suppliers
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1.6.2 Bargaining Power of Consumers
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1.6.3 Threat of New Entrants
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1.6.4 Threat of Substitute Products and Services
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1.6.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Biodiesel
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2.1.2 Ethanol
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2.1.3 Other Types
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2.2 Feedstock
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2.2.1 Coarse Grain
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2.2.2 Sugar Crop
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2.2.3 Vegetable Oil
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2.2.4 Other Feedstocks
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2.3 Geography
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2.3.1 Germany
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2.3.2 United Kingdom
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2.3.3 France
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2.3.4 Rest of Europe
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Europe Biofuel Market Size FAQs
What is the current Europe Biofuel Market size?
The Europe Biofuel Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)
Who are the key players in Europe Biofuel Market?
UPM-Kymmene Oyj, Green Fuel Nordic Oy, SunPine AB., Svenska Cellulosa AB and Preem AB. are the major companies operating in the Europe Biofuel Market.
