Marine Biofuel Market
Marine Biofuel Market Analysis by FAME [Biodiesel], HVO [Renewable Diesel], Ethanol, Biomethanol, and BioLNG for Passenger, Cargo, and Military Vessels from 2024 to 2034
Analysis of Marine Biofuel Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Marine Biofuel Market Outlook (2024 to 2034)
The global marine biofuel market size is calculated at a value of US$ 3.94 billion for 2024 and is projected to end up at US$ 7.99 billion by 2034. Worldwide demand for marine biofuel is forecasted to rise at 7.3% CAGR between 2024 and 2034.
Renewable fuel derived from using organic materials and sourced from marine biomass that is capable of powering marine vessels such as ships and boats is known as marine biofuel. Marine biofuel is different than regular biofuel as it has to meet the specific requirements of long-distance sea travel.
The shipping industry has emerged as one of the leading contributors to carbon emissions in the world and efforts to reduce the same are projected to uplift sales of marine biofuel around the world going forward. Implementation of stringent mandates to curb emissions from marine vessels by different governments and high emphasis on sustainability are also forecasted to aid marine biofuel market growth through 2034.
- In July 2023, the International Maritime Organization (IMO) adopted interim guidance on the use of biofuels in marine vessels. The guidance stressed that the biofuels used in marine vessels should have international certification and reduce GHG emissions by at least 65% as compared to conventional fossil fuels.
Advancements in marine biofuel technology, growing acceptance of alternative fuels in the marine industry, and low costs of biofuel production are other marine biofuel market trends that could create new opportunities for marine biofuel suppliers over the coming years.
| Report Attributes | Details |
|---|---|
| Marine Biofuel Market Size (2024) | US$ 3.94 Billion |
| Projected Market Value (2034F) | US$ 7.99 Billion |
| Global Market Growth Rate (2024 to 2034) | 7.3% CAGR |
| East Asia Market Value (2024E) | US$ 382.8 Million |
| Demand Growth in Canada (2024 to 2034) | 5.7% CAGR |
| Liquid Marine Biofuel Segment Share (2024E) | 92.2% |
| Key Companies Profiled | Cargill; Neste Oil; Chevron Corporation; GoodFuels; ExxonMobil; BP plc; UPM; TotalEnergies; Uniper Energy; World Energy; Dansuk Industrial; Emami Group; Gevo; Cepsa |
Don't Need a Global Report?
save 40%! on Country & Region specific reports
How Can Start-ups Sustainably Power the Future of Marine Vessels?
“Advancements in Biofuel Technology Creating Opportunities for New Companies”
The race to develop a perfect biofuel suitable for a multitude of applications has been on for quite a while now and this trend has attracted many new companies to invest in the R&D of novel biofuels. Incoming marine biofuel manufacturers are focusing on solving the challenges associated with the use of biofuels to make a mark in this marketplace.
- Paterson Energy, a new company based in India is creating replacements for traditional fuel by using sorted plastic waste to create alternative fuel oil and carbon black. With their proprietary technology, they create a product called Verte-X that has similar calorific values as diesel and can be used to power marine engines.
New marine biofuel companies are also focusing on raising new capital and partnering with established market players to expand their business scope and boost revenue generation in the future.
- Wastefuel, a start-up founded in 2018 to convert waste into fuel, received US$ 10 million in funding from British Petroleum (BP) in July 2023. Wastefuel had plans to utilize the recently raised capital to create a network of waste-to-biofuel conversion plants around the world.
- In October 2022, Goodfuels, Carnival Corporation, and Wärtsilä came together to carry out ship trials involving 100% biofuel and 70% diesel with 30% biofuel mixture using Wärtsilä ZA40 engine. The tests were carried out on Holland America Line’s vessel Volendam.
Start-ups can gain a detailed understanding of factors such as local supply, pricing trends, product standards, safety regulations, and new developments in this marine biofuel market research analysis by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
Why is Europe a Formidable Force in the Marine World?
“Huge Marine Territory of Europe Makes it Profitable Market for Biofuel Suppliers”
The contribution of the marine industry is huge to European economies as the region has a substantial chunk of the world’s marine territory. The region is home to some of the most prominent shipbuilding companies and industries in the world, which makes it a highly rewarding market for marine biofuel companies.
Strong devotion of European countries towards sustainability and energy innovation is also estimated to create new opportunities for marine biofuel manufacturers over the coming years. Germany, Netherlands, Sweden, and Belgium are some prominent markets in the European region for suppliers of marine biofuel in the future.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Country-wise Insights
Apart from investing in European countries, marine biofuel distributors can target China, Japan, South Korea, and the United States to scale their business on a global level and boost revenue generation in the future.
How Investment-worthy is Japan for Marine Biofuel Companies?
“Presence of Robust Shipbuilding Industry and Huge Naval Fleet”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 159.6 Million |
| Growth Rate (2024 to 2034) | 7.2% CAGR |
| Projected Value (2034F) | US$ 340.3 Million |
Japan is a formidable marine force in the world and this is why it is a highly opportunistic space for marine biofuel suppliers as well. The country controls a huge naval as well as commercial shipping fleet that makes it a moneymaking market for all things marine. Increasing efforts of Japanese ship manufacturers and fleet owners to reduce maritime emissions and make sea transportation sustainable are estimated to bolster shipments of marine biofuel in the country going forward.
- In May 2022, ITOCHU Corporation, a leading Japanese trading company, announced that it has partnered with GoodFuels, a provider of marine biofuel to scale the availability of sustainable marine biofuel in the Asian region.
What Makes the United States a Key Market in This Space?
“Surging Investments in R&D of Novel Biofuels”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 862.2 Million |
| Growth Rate (2024 to 2034) | 7.4% CAGR |
| Projected Value (2034F) | US$ 1.75 Billion |
The government in the United States has been imposing stringent restrictions on the maritime industry to curb emissions from marine vessels, which is driving shipments of marine biofuels in the country. Rising air pollution and the growing availability of advanced biofuel production technology are also forecasted to increase the marine biofuel market size in the United States over the coming years.
Increasing investments in the R&D of novel biofuels by public and private organizations in the country are also creating new opportunities for marine biofuel providers going forward.
- In January 2023, the United States Department of Energy (DOE) revealed its plans to allocate US$ 118 million to 17 different projects that are aimed at scaling and accelerating the production of biofuels in the country.
Category-wise Insights
Marine biofuel manufacturers are focusing on providing FAME biodiesel for cargo vessels to maximize their revenue generation potential in the long run.
What’s Driving High Preference of FAME Biodiesel?
“Compatibility with Existing Infrastructure”
| Attribute | FAME (Biodiesel) |
|---|---|
| Segment Value (2024E) | US$ 1.42 Billion |
| Growth Rate (2024 to 2034) | 6.8% CAGR |
| Projected Value (2034F) | US$ 2.74 Billion |
Fatty acid methyl ester (FAME) biodiesel is gaining popularity around the world owing to its ability to work with existing engines and distribution infrastructure. FAME biodiesel can be effortlessly blended with conventional diesel to create a smooth transition from fossil fuels to cleaner and sustainable fuels in different modes of transportation including marine. The use of FAME biodiesel is projected to increase as companies opt for it to comply with changing emission mandates for ships and other marine vessels.
For Which Type of Vessel is Marine Biofuel Widely Used?
“Cargo Vessels to Account for High Marine Biofuel Consumption”
| Attribute | Cargo |
|---|---|
| Segment Value (2024E) | US$ 3.2 Billion |
| Growth Rate (2024 to 2034) | 7.5% CAGR |
| Projected Value (2034F) | US$ 6.6 Billion |
Marine cargo vessels are crucial in world trade and the majority of trade is carried using these cargo vessels. Cargo vessels contribute significantly to the global carbon footprint as they burn more fuel to carry huge amounts of cargo from one point to another. Increasing focus on improving the sustainability of the supply chain is pushing cargo companies to opt for marine biofuels as they allow them to improve their profit margins while complying with strict emission mandates.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
Leading marine biofuel brands are focusing on partnerships, collaborations, mergers, and acquisitions to fast-track the R&D of their products as well as improve their global marine biofuel market share.
- In September 2022, Wärtsilä, Meriaura, and Green NortH2 Energy collaborated to build a new cargo vessel that would be powered by green ammonia. The vessel is projected to be completed by 2024 and is estimated to start operations in 2026.
Key Segments of Marine Biofuel Market Research
-
By Fuel Type :
- FAME (Biodiesel)
- HVO (Renewable Diesel)
- Ethanol
- Biomethanol
- BioLNG
- Others
-
By Feedstock :
- Sugarcane
- Corn
- Vegetable Oil
- Castor Oil
- Biomass
- Others
-
By Form :
- Liquid
- Gas
-
By Vessel Type :
- Passenger
- Cargo
- Military
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background
- 4. Global Market Pricing Analysis
- 5. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034)
- 6. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Fuel Type
- 6.1. FAME (Biodiesel)
- 6.2. HVO (Renewable Diesel)
- 6.3. Ethanol
- 6.4. Biomethanol
- 6.5. BioLNG
- 6.6. Others
- 7. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Feedstock
- 7.1. Sugarcane
- 7.2. Corn
- 7.3. Vegetable Oil
- 7.4. Castor Oil
- 7.5. Biomass
- 7.6. Others
- 8. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Form
- 8.1. Liquid
- 8.2. Gas
- 9. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Vessel Type
- 9.1. Passenger
- 9.2. Cargo
- 9.3. Military
- 9.4. Others
- 10. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Region
- 10.1. North America
- 10.2. Europe
- 10.3. East Asia
- 10.4. South Asia
- 10.5. Latin America
- 10.6. Middle East & Africa (MEA)
- 10.7. Oceania
- 11. North America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia Market Analysis and Forecast
- 15. Latin America Market Analysis and Forecast
- 16. Middle East & Africa Market Analysis and Forecast
- 17. Oceania Market Analysis and Forecast
- 18. Global Market Analysis Key Countries
- 19. Competition Landscape
- 20. Competition Analysis
- 20.1. Cargill
- 20.2. Neste Oil
- 20.3. Chevron Corporation
- 20.4. GoodFuels
- 20.5. ExxonMobil
- 20.6. BP plc
- 20.7. UPM
- 20.8. TotalEnergies
- 20.9. Uniper Energy
- 20.10. World Energy
- 20.11. Dansuk Industrial
- 20.12. Emami Group
- 20.13. Gevo
- 20.14. Cepsa
- 21. Appendix
- 22. Definitions of Analytical Frameworks
- 23. Sources and References
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 01: Global Market by Fuel Type, 2018 to 2034
Table 02: Global Market Value (US$ Mn), by Fuel Type, 2018 to 2034
Table 03: Global Market by Feedstock, 2018 to 2034
Table 04: Global Market Value (US$ Mn), by Feedstock, 2018 to 2034
Table 05: Global Market by Form, 2018 to 2034
Table 06: Global Market Value (US$ Mn), by Form, 2018 to 2034
Table 07: Global Market by Vessel Type, 2018 to 2034
Table 08: Global Market Value (US$ Mn), by Vessel Type, 2018 to 2034
Table 09: Global Market by Region, 2018 to 2034
Table 10: Global Market Value (US$ Mn), by Region, 2018 to 2034
Table 11: North America Market by Fuel Type, 2018 to 2034
Table 12: North America Market Value (US$ Mn), by Fuel Type, 2018 to 2034
Table 13: North America Market by Feedstock, 2018 to 2034
Table 14: North America Market Value (US$ Mn), by Feedstock, 2018 to 2034
Table 15: North America Market by Form, 2018 to 2034
Table 16: North America Market Value (US$ Mn), by Form, 2018 to 2034
Table 17: North America Market by Vessel Type, 2018 to 2034
Table 18: North America Market Value (US$ Mn), by Vessel Type, 2018 to 2034
Table 19: North America Market by Country, 2018 to 2034
Table 20: North America Market Value (US$ Mn), by Country, 2018 to 2034
Table 21: Europe Market by Fuel Type, 2018 to 2034
Table 22: Europe Market Value (US$ Mn), by Fuel Type, 2018 to 2034
Table 23: Europe Market by Feedstock, 2018 to 2034
Table 24: Europe Market Value (US$ Mn), by Feedstock, 2018 to 2034
Table 25: Europe Market by Form, 2018 to 2034
Table 26: Europe Market Value (US$ Mn), by Form, 2018 to 2034
Table 27: Europe Market by Vessel Type, 2018 to 2034
Table 28: Europe Market Value (US$ Mn), by Vessel Type, 2018 to 2034
Table 29: Europe Market by Country, 2018 to 2034
Table 30: Europe Market Value (US$ Mn), by Country, 2018 to 2034
Table 31: East Asia Market by Fuel Type, 2018 to 2034
Table 32: East Asia Market Value (US$ Mn), by Fuel Type, 2018 to 2034
Table 33: East Asia Market by Feedstock, 2018 to 2034
Table 34: East Asia Market Value (US$ Mn), by Feedstock, 2018 to 2034
Table 35: East Asia Market by Form, 2018 to 2034
Table 36: East Asia Market Value (US$ Mn), by Form, 2018 to 2034
Table 37: East Asia Market by Vessel Type, 2018 to 2034
Table 38: East Asia Market Value (US$ Mn), by Vessel Type, 2018 to 2034
Table 39: East Asia Market by Country, 2018 to 2034
Table 40: East Asia Market Value (US$ Mn), by Country, 2018 to 2034
Table 41: South Asia Market by Fuel Type, 2018 to 2034
Table 42: South Asia Market Value (US$ Mn), by Fuel Type, 2018 to 2034
Table 43: South Asia Market by Feedstock, 2018 to 2034
Table 44: South Asia Market Value (US$ Mn), by Feedstock, 2018 to 2034
Table 45: South Asia Market by Form, 2018 to 2034
Table 46: South Asia Market Value (US$ Mn), by Form, 2018 to 2034
Table 47: South Asia Market by Vessel Type, 2018 to 2034
Table 48: South Asia Market Value (US$ Mn), by Vessel Type, 2018 to 2034
Table 49: South Asia Market by Country, 2018 to 2034
Table 50: South Asia Market Value (US$ Mn), by Country, 2018 to 2034
Table 51: Latin America Market by Fuel Type, 2018 to 2034
Table 52: Latin America Market Value (US$ Mn), by Fuel Type, 2018 to 2034
Table 53: Latin America Market by Feedstock, 2018 to 2034
Table 54: Latin America Market Value (US$ Mn), by Feedstock, 2018 to 2034
Table 55: Latin America Market by Form, 2018 to 2034
Table 56: Latin America Market Value (US$ Mn), by Form, 2018 to 2034
Table 57: Latin America Market by Vessel Type, 2018 to 2034
Table 58: Latin America Market Value (US$ Mn), by Vessel Type, 2018 to 2034
Table 59: Latin America Market by Country, 2018 to 2034
Table 60: Latin America Market Value (US$ Mn), by Country, 2018 to 2034
Table 61: Middle East and Africa Market by Fuel Type, 2018 to 2034
Table 62: Middle East and Africa Market Value (US$ Mn), by Fuel Type, 2018 to 2034
Table 63: Middle East and Africa Market by Feedstock, 2018 to 2034
Table 64: Middle East and Africa Market Value (US$ Mn), by Feedstock, 2018 to 2034
Table 65: Middle East and Africa Market by Form, 2018 to 2034
Table 66: Middle East and Africa Market Value (US$ Mn), by Form, 2018 to 2034
Table 67: Middle East and Africa Market by Vessel Type, 2018 to 2034
Table 68: Middle East and Africa Market Value (US$ Mn), by Vessel Type, 2018 to 2034
Table 69: Middle East and Africa Market by Country, 2018 to 2034
Table 70: Middle East and Africa Market Value (US$ Mn), by Country, 2018 to 2034
Table 71: Oceania Market by Fuel Type, 2018 to 2034
Table 72: Oceania Market Value (US$ Mn), by Fuel Type, 2018 to 2034
Table 73: Oceania Market by Feedstock, 2018 to 2034
Table 74: Oceania Market Value (US$ Mn), by Feedstock, 2018 to 2034
Table 75: Oceania Market by Form, 2018 to 2034
Table 76: Oceania Market Value (US$ Mn), by Form, 2018 to 2034
Table 77: Oceania Market by Vessel Type, 2018 to 2034
Table 78: Oceania Market Value (US$ Mn), by Vessel Type, 2018 to 2034
Table 79: Oceania Market by Country, 2018 to 2034
Table 80: Oceania Market Value (US$ Mn), by Country, 2018 to 2034
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Fig 01: Global Market Value (US$) and Y-o-Y Growth, 2018 to 2034
Fig 02: Global Absolute $ Historical Market (2018 to 2023) and Absolute $ Opportunity (2024 to 2034), US$ Mn
Fig 03: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Fig 04: Global Market Incremental $ Opportunity (US$ Thousand), 2024 to 2034
Fig 05: Global Market Share, By Fuel Type – 2024 to 2034
Fig 06: Global Market Y-o-Y Growth Projections, By Fuel Type – 2024 to 2034
Fig 07: Global Market Attractiveness Index, By Fuel Type – 2024 to 2034
Fig 08: Global Market Share, By Feedstock – 2024 to 2034
Fig 09: Global Market Y-o-Y Growth Projections, By Feedstock – 2024 to 2034
Fig 10: Global Market Attractiveness Index, By Feedstock – 2024 to 2034
Fig 11: Global Market Share, By Form – 2024 to 2034
Fig 12: Global Market Y-o-Y Growth Projections, By Form – 2024 to 2034
Fig 13: Global Market Attractiveness Index, By Form – 2024 to 2034
Fig 14: Global Market Share, By Vessel Type – 2024 to 2034
Fig 15: Global Market Y-o-Y Growth Projections, By Vessel Type – 2024 to 2034
Fig 16: Global Market Attractiveness Index, By Vessel Type – 2024 to 2034
Fig 17: Global Market Share, by Region – 2024 to 2034
Fig 18: Global Market Y-o-Y Growth Projections, by Region – 2024 to 2034
Fig 19: Global Market Attractiveness Index, by Region – 2024 to 2034
Fig 20: Y-o-Y Growth Comparison of Market: North America Vs North America Countries Vs North America Average
Fig 21: North America Market Share, By Fuel Type – 2024 to 2034
Fig 22: North America Market Y-o-Y Growth Projections, By Fuel Type – 2024 to 2034
Fig 23: North America Market Attractiveness Index, By Fuel Type – 2024 to 2034
Fig 24: North America Market Share, By Feedstock – 2024 to 2034
Fig 25: North America Market Y-o-Y Growth Projections, By Feedstock – 2024 to 2034
Fig 26: North America Market Attractiveness Index, By Feedstock – 2024 to 2034
Fig 27: North America Market Share, By Form – 2024 to 2034
Fig 28: North America Market Y-o-Y Growth Projections, By Form – 2024 to 2034
Fig 29: North America Market Attractiveness Index, By Form – 2024 to 2034
Fig 30: North America Market Share, By Vessel Type – 2024 to 2034
Fig 31: North America Market Y-o-Y Growth Projections, By Vessel Type – 2024 to 2034
Fig 32: North America Market Attractiveness Index, By Vessel Type – 2024 to 2034
Fig 33: North America Market Share, By Country – 2024 to 2034
Fig 34: North America Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 35: North America Market Attractiveness Index, By Country – 2024 to 2034
Fig 36: Y-o-Y Growth Comparison of Market: Europe Vs Europe Countries Vs Europe Average
Fig 37: Europe Market Share, By Fuel Type – 2024 to 2034
Fig 38: Europe Market Y-o-Y Growth Projections, By Fuel Type – 2024 to 2034
Fig 39: Europe Market Attractiveness Index, By Fuel Type – 2024 to 2034
Fig 40: Europe Market Share, By Feedstock – 2024 to 2034
Fig 41: Europe Market Y-o-Y Growth Projections, By Feedstock – 2024 to 2034
Fig 42: Europe Market Attractiveness Index, By Feedstock – 2024 to 2034
Fig 43: Europe Market Share, By Form – 2024 to 2034
Fig 44: Europe Market Y-o-Y Growth Projections, By Form – 2024 to 2034
Fig 45: Europe Market Attractiveness Index, By Form – 2024 to 2034
Fig 46: Europe Market Share, By Vessel Type – 2024 to 2034
Fig 47: Europe Market Y-o-Y Growth Projections, By Vessel Type – 2024 to 2034
Fig 48: Europe Market Attractiveness Index, By Vessel Type – 2024 to 2034
Fig 49: Europe Market Share, By Country – 2024 to 2034
Fig 50: Europe Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 51: Europe Market Attractiveness Index, By Country – 2024 to 2034
Fig 52: Y-o-Y Growth Comparison of Market: East Asia Vs East Asia Countries Vs East Asia Average
Fig 53: East Asia Market Share, By Fuel Type – 2024 to 2034
Fig 54: East Asia Market Y-o-Y Growth Projections, By Fuel Type – 2024 to 2034
Fig 55: East Asia Market Attractiveness Index, By Fuel Type – 2024 to 2034
Fig 56: East Asia Market Share, By Feedstock – 2024 to 2034
Fig 57: East Asia Market Y-o-Y Growth Projections, By Feedstock – 2024 to 2034
Fig 58: East Asia Market Attractiveness Index, By Feedstock – 2024 to 2034
Fig 59: East Asia Market Share, By Form – 2024 to 2034
Fig 60: East Asia Market Y-o-Y Growth Projections, By Form – 2024 to 2034
Fig 61: East Asia Market Attractiveness Index, By Form – 2024 to 2034
Fig 62: East Asia Market Share, By Vessel Type – 2024 to 2034
Fig 63: East Asia Market Y-o-Y Growth Projections, By Vessel Type – 2024 to 2034
Fig 64: East Asia Market Attractiveness Index, By Vessel Type – 2024 to 2034
Fig 65: East Asia Market Share, By Country – 2024 to 2034
Fig 66: East Asia Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 67: East Asia Market Attractiveness Index, By Country – 2024 to 2034
Fig 68: Y-o-Y Growth Comparison of Market: South Asia Vs South Asia Countries Vs South Asia Average
Fig 69: South Asia Market Share, By Fuel Type – 2024 to 2034
Fig 70: South Asia Market Y-o-Y Growth Projections, By Fuel Type – 2024 to 2034
Fig 71: South Asia Market Attractiveness Index, By Fuel Type – 2024 to 2034
Fig 72: South Asia Market Share, By Feedstock – 2024 to 2034
Fig 73: South Asia Market Y-o-Y Growth Projections, By Feedstock – 2024 to 2034
Fig 74: South Asia Market Attractiveness Index, By Feedstock – 2024 to 2034
Fig 75: South Asia Market Share, By Form – 2024 to 2034
Fig 76: South Asia Market Y-o-Y Growth Projections, By Form – 2024 to 2034
Fig 77: South Asia Market Attractiveness Index, By Form – 2024 to 2034
Fig 78: South Asia Market Share, By Vessel Type – 2024 to 2034
Fig 78: South Asia Market Y-o-Y Growth Projections, By Vessel Type – 2024 to 2034
Fig 80: South Asia Market Attractiveness Index, By Vessel Type – 2024 to 2034
Fig 81: South Asia Market Share, By Country – 2024 to 2034
Fig 82: South Asia Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 83: South Asia Market Attractiveness Index, By Country – 2024 to 2034
Fig 84: Y-o-Y Growth Comparison of Market: Latin America Vs Latin America Countries Vs Latin America Average
Fig 85: Latin America Market Share, By Fuel Type – 2024 to 2034
Fig 86: Latin America Market Y-o-Y Growth Projections, By Fuel Type – 2024 to 2034
Fig 87: Latin America Market Attractiveness Index, By Fuel Type – 2024 to 2034
Fig 88: Latin America Market Share, By Feedstock – 2024 to 2034
Fig 89: Latin America Market Y-o-Y Growth Projections, By Feedstock – 2024 to 2034
Fig 90: Latin America Market Attractiveness Index, By Feedstock – 2024 to 2034
Fig 91: Latin America Market Share, By Form – 2024 to 2034
Fig 92: Latin America Market Y-o-Y Growth Projections, By Form – 2024 to 2034
Fig 93: Latin America Market Attractiveness Index, By Form – 2024 to 2034
Fig 94: Latin America Market Share, By Vessel Type – 2024 to 2034
Fig 95: Latin America Market Y-o-Y Growth Projections, By Vessel Type – 2024 to 2034
Fig 96: Latin America Market Attractiveness Index, By Vessel Type – 2024 to 2034
Fig 97: Latin America Market Share, By Country – 2024 to 2034
Fig 98: Latin America Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 99: Latin America Market Attractiveness Index, By Country – 2024 to 2034
Fig 100: Y-o-Y Growth Comparison of Market: MEA Vs MEA Countries Vs MEA Average
Fig 101: MEA Market Share, By Fuel Type – 2024 to 2034
Fig 102: MEA Market Y-o-Y Growth Projections, By Fuel Type – 2024 to 2034
Fig 103: MEA Market Attractiveness Index, By Fuel Type – 2024 to 2034
Fig 104: MEA Market Share, By Feedstock – 2024 to 2034
Fig 105: MEA Market Y-o-Y Growth Projections, By Feedstock – 2024 to 2034
Fig 106: MEA Market Attractiveness Index, By Feedstock – 2024 to 2034
Fig 107: MEA Market Share, By Form – 2024 to 2034
Fig 108: MEA Market Y-o-Y Growth Projections, By Form – 2024 to 2034
Fig 109: MEA Market Attractiveness Index, By Form – 2024 to 2034
Fig 110: MEA Market Share, By Vessel Type – 2024 to 2034
Fig 111: MEA Market Y-o-Y Growth Projections, By Vessel Type – 2024 to 2034
Fig 112: MEA Market Attractiveness Index, By Vessel Type – 2024 to 2034
Fig 113: MEA Market Share, By Country – 2024 to 2034
Fig 114: MEA Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 115: MEA Market Attractiveness Index, By Country – 2024 to 2034
Fig 116: Y-o-Y Growth Comparison of Market: Oceania Vs Oceania Countries Vs Oceania Average
Fig 117: Oceania Market Share, By Fuel Type – 2024 to 2034
Fig 118: Oceania Market Y-o-Y Growth Projections, By Fuel Type – 2024 to 2034
Fig 119: Oceania Market Attractiveness Index, By Fuel Type – 2024 to 2034
Fig 120: Oceania Market Share, By Feedstock – 2024 to 2034
Fig 121: Oceania Market Y-o-Y Growth Projections, By Feedstock – 2024 to 2034
Fig 122: Oceania Market Attractiveness Index, By Feedstock – 2024 to 2034
Fig 123: Oceania Market Share, By Form – 2024 to 2034
Fig 124: Oceania Market Y-o-Y Growth Projections, By Form – 2024 to 2034
Fig 125: Oceania Market Attractiveness Index, By Form – 2024 to 2034
Fig 126: Oceania Market Share, By Vessel Type – 2024 to 2034
Fig 127: Oceania Market Y-o-Y Growth Projections, By Vessel Type – 2024 to 2034
Fig 128: Oceania Market Attractiveness Index, By Vessel Type – 2024 to 2034
Fig 129: Oceania Market Share, By Country – 2024 to 2034
Fig 130: Oceania Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 131: Oceania Market Attractiveness Index, By Country – 2024 to 2034
Fig 132: United States Market share by Fuel Type, 2023
Fig 133: United States Market share by Feedstock, 2023
Fig 134: United States Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 135: United States Market Share by Vessel Type, 2023
Fig 136: Canada Market share by Fuel Type, 2023
Fig 137: Canada Market share by Feedstock, 2023
Fig 138: Canada Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 139: Canada Market Share by Vessel Type, 2023
Fig 140: Germany Market share by Fuel Type, 2023
Fig 141: Germany Market share by Feedstock, 2023
Fig 142: Germany Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 143: Germany Market Share by Vessel Type, 2023
Fig 144: United Kingdom Market share by Fuel Type, 2023
Fig 145: United Kingdom Market share by Feedstock, 2023
Fig 146: United Kingdom Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 147: United Kingdom Market Share by Vessel Type, 2023
Fig 148: France Market share by Fuel Type, 2023
Fig 149: France Market share by Feedstock, 2023
Fig 150: France Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 151: France Market Share by Vessel Type, 2023
Fig 152: Russia Market share by Fuel Type, 2023
Fig 153: Russia Market share by Feedstock, 2023
Fig 154: Russia Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 155: Russia Market Share by Vessel Type, 2023
Fig 156: Spain Market share by Fuel Type, 2023
Fig 157: Spain Market share by Feedstock, 2023
Fig 158: Spain Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 159: Spain Market Share by Vessel Type, 2023
Fig 160: Italy Market share by Fuel Type, 2023
Fig 161: Italy Market share by Feedstock, 2023
Fig 162: Italy Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 163: Italy Market Share by Vessel Type, 2023
Fig 164: China Market share by Fuel Type, 2023
Fig 165: China Market share by Feedstock, 2023
Fig 166: China Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 167: China Market Share by Vessel Type, 2023
Fig 168: Japan Market share by Fuel Type, 2023
Fig 169: Japan Market share by Feedstock, 2023
Fig 170: Japan Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 171: Japan Market Share by Vessel Type, 2023
Fig 172: South Korea Market share by Fuel Type, 2023
Fig 173: South Korea Market share by Feedstock, 2023
Fig 174: South Korea Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 175: South Korea Market Share by Vessel Type, 2023
Fig 176: India Market share by Fuel Type, 2023
Fig 177: India Market share by Feedstock, 2023
Fig 178: India Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 179: India Market Share by Vessel Type, 2023
Fig 180: Singapore Market share by Fuel Type, 2023
Fig 181: Singapore Market share by Feedstock, 2023
Fig 182: Singapore Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 183: Singapore Market Share by Vessel Type, 2023
Fig 184: Indonesia Market share by Fuel Type, 2023
Fig 185: Indonesia Market share by Feedstock, 2023
Fig 186: Indonesia Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 187: Indonesia Market Share by Vessel Type, 2023
Fig 188: Thailand Market share by Fuel Type, 2023
Fig 189: Thailand Market share by Feedstock, 2023
Fig 190: Thailand Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 191: Thailand Market Share by Vessel Type, 2023
Fig 192: Brazil Market share by Fuel Type, 2023
Fig 193: Brazil Market share by Feedstock, 2023
Fig 194: Brazil Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 195: Brazil Market Share by Vessel Type, 2023
Fig 196: Mexico Market share by Fuel Type, 2023
Fig 197: Mexico Market share by Feedstock, 2023
Fig 198: Mexico Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 199: Mexico Market Share by Vessel Type, 2023
Fig 200: Turkey Market share by Fuel Type, 2023
Fig 201: Turkey Market share by Feedstock, 2023
Fig 202: Turkey Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 203: Turkey Market Share by Vessel Type, 2023
Fig 204: GCC Countries Market share by Fuel Type, 2023
Fig 205: GCC Countries Market share by Feedstock, 2023
Fig 206: GCC Countries Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 207: GCC Countries Market Share by Vessel Type, 2023
Fig 208: South Africa Market share by Fuel Type, 2023
Fig 209: South Africa Market share by Feedstock, 2023
Fig 210: South Africa Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 211: South Africa Market Share by Vessel Type, 2023
Fig 212: Australia Market share by Fuel Type, 2023
Fig 213: Australia Market share by Feedstock, 2023
Fig 214: Australia Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 215: Australia Market Share by Vessel Type, 2023
Fig 216: New Zealand Market share by Fuel Type, 2023
Fig 217: New Zealand Market share by Feedstock, 2023
Fig 218: New Zealand Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 219: New Zealand Market Share by Vessel Type, 2023
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the current marine biofuel market size?
The global marine biofuel market is estimated to be valued at US$ 3.94 billion in 2024.
How big will the marine biofuel market be by 2034?
Sales of marine biofuel are forecasted to reach US$ 7.99 billion by 2034-end.
Will marine biofuel be in demand in the future?
Revenue from marine biofuel is set to increase at 7.3% CAGR over the next ten years.
Which country leads the demand for marine biofuel?
Shipments of marine biofuel in the United States are projected to rise at 7.4% CAGR from 2024 to 2034.
What statistics are listed for the market in China in this report?
Marine biofuel demand in China is set to rise at 8.6% CAGR over the next ten years.
Who are the leading marine biofuel suppliers?
Cargill, Neste Oil, Chevron Corporation, GoodFuels, ExxonMobil, BP plc, UPM, and TotalEnergies are top marine biofuel producing companies.
Marine Biofuel Market