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First Generation Biofuel Market Share

Report ID: GMI9452
Published Date: May 2024
Report Format: PDF

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First Generation Biofuel Market Share

Chevron, Total Energies, and Future Fuel are expected to dominate the European first generation biofuel industry, largely due to their substantial investments in research, development, and infrastructure. These corporate leaders wield significant financial resources and possess advanced technological expertise, enabling them to drive innovation and effectively expand biofuel production operations.

First Generation Biofuel Market Companies

Major players operating in the first generation biofuel industry are:

Biogreen Synergy
Blue Son
Borregard
Caterpillar
Chevron
Coasan
DuPont
Future Fuel
Green Plains
Montuk Renewables
Neste
Pacific Biodiesel
Renewable Energy Group
Total Energies
Verbio

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of first generation biofuel reached USD 151.3 billion in 2023 and is set to witness 7.1% CAGR during 2024 to 2032, led by growing concerns over climate change and the imperative for sustainable energy sources.

The ethanol segment held a decent share in 2023 and will exceed USD 115.5 billion by 2032, due to increasing government mandates for blending ethanol with gasoline.

North America market will surpass USD 110.2 billion by 2032, driven by government mandates for ethanol blending and robust agricultural infrastructure.

Biogreen Synergy, Blue Soe, Borregard, Caterpillar, Chevron, Coasan, DuPont, Future Fuel, Green Plains, Montuk Renewables, and Neste among others.