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Biofuel Consumption in North America

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    Report

  • 43 Pages
  • September 2024
  • Region: North America
  • MarketLine
  • ID: 6028948
Description Jump to:
Biofuel Consumption in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • Biofuels are renewable energy sources produced from organic materials or biomass. Biofuels help in reducing greenhouse gas emissions and are therefore used as a substitute for fossil fuels such as gasoline and diesel. Market volume represents consumption of biofuel in a country in a specific year. Market value is calculated by multiplying market volume with wholesale price of biofuel.
  • The North American biofuel consumption market recorded revenues of $55.5 billion in 2023, representing a compound annual growth rate (CAGR) of 5.0% between 2018 and 2023.
  • Market consumption volumes declined with a negative CAGR of 0.7% between 2018 and 2023, to reach a total of 426.9 million barrel in 2023.
  • The value market growth during 2018-2023 is attributed to government policies and regulations, environmental concerns and climate change, technological advancements, increasing demand for sustainable fuels in transportation, and growing concern for energy security.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the biofuel consumption market in North America
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the biofuel consumption market in North America
  • Leading company profiles reveal details of key biofuel consumption market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the North America biofuel consumption market with five year forecasts

Reasons to Buy

  • What was the size of the North America biofuel consumption market by value in 2023?
  • What will be the size of the North America biofuel consumption market in 2028?
  • What factors are affecting the strength of competition in the North America biofuel consumption market?
  • How has the market performed over the last five years?
  • What are the main segments that make up North America's biofuel consumption market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
7.4. What are the recent developments in the biofuel consumption industry?
8 Company Profiles
8.1. Poet LLC
8.2. Valero Energy Corp
8.3. Renewable Energy Group Inc
8.4. Neste Corp
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: North America biofuel consumption market value: $ million, 2018-23
Table 2: North America biofuel consumption market volume: thousand barrel, 2018-23
Table 3: North America biofuel consumption market category segmentation: % share, by value, 2018-23
Table 4: North America biofuel consumption market category segmentation: $ million, 2018-23
Table 5: North America biofuel consumption market geography segmentation: $ million, 2023
Table 6: North America biofuel consumption market value forecast: $ million, 2023-28
Table 7: North America biofuel consumption market volume forecast: thousand barrel, 2023-28
Table 8: Poet LLC: Key Facts
Table 9: Poet LLC: Key Employees
Table 10: Valero Energy Corp: Key Facts
Table 11: Valero Energy Corp: Annual Financial Ratios
Table 12: Valero Energy Corp: Key Employees
Table 13: Valero Energy Corp: Key Employees Continued
Table 14: Renewable Energy Group Inc: Key Facts
Table 15: Renewable Energy Group Inc: Key Employees
Table 16: Neste Corp: Key Facts
Table 17: Neste Corp: Annual Financial Ratios
Table 18: Neste Corp: Key Employees
Table 19: North America Exchange Rate, 2018-23
List of Figures
Figure 1: North America biofuel consumption market value: $ million, 2018-23
Figure 2: North America biofuel consumption market volume: thousand barrel, 2018-23
Figure 3: North America biofuel consumption market category segmentation: $ million, 2018-23
Figure 4: North America biofuel consumption market geography segmentation: % share, by value, 2023
Figure 5: North America biofuel consumption market value forecast: $ million, 2023-28
Figure 6: North America biofuel consumption market volume forecast: thousand barrel, 2023-28
Figure 7: Forces driving competition in the biofuel consumption market in North America, 2023
Figure 8: Drivers of buyer power in the biofuel consumption market in North America, 2023
Figure 9: Drivers of supplier power in the biofuel consumption market in North America, 2023
Figure 10: Factors influencing the likelihood of new entrants in the biofuel consumption market in North America, 2023
Figure 11: Factors influencing the threat of substitutes in the biofuel consumption market in North America, 2023
Figure 12: Drivers of degree of rivalry in the biofuel consumption market in North America, 2023

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Poet LLC
  • Valero Energy Corp
  • Renewable Energy Group Inc
  • Neste Corp

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About the Biofuel Consumption Market

The Biofuel Consumption market is a sector of the energy industry that focuses on the production and use of biofuels. Biofuels are renewable energy sources derived from organic materials such as plants, animal fats, and agricultural waste. They are used as an alternative to traditional fossil fuels, such as oil and gas, and are becoming increasingly popular due to their environmental benefits. Biofuel consumption is growing rapidly, driven by government policies, technological advances, and consumer demand. The Biofuel Consumption market is highly competitive, with a range of companies offering different types of biofuels. These include biodiesel, ethanol, biogas, and biobutanol. Companies in the market are involved in the production, distribution, and sale of biofuels, as well as providing services such as research and development, and consulting. Examples of companies in the market include Neste, BP, and Renewable Energy Group. Show Less Read more

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