액체 바이오연료 시장 - 세계 산업 규모, 점유율, 동향, 기회, 예측 : 제품, 원료, 프로세스, 용도, 지역별＆경쟁(2021-2031년)

The Global Liquid Biofuels Market is projected to expand from a valuation of USD 90.08 Billion in 2025 to USD 134.81 Billion by 2031, reflecting a CAGR of 6.95%. Defined as renewable transportation fuels sourced primarily from biomass materials like agricultural crops and organic waste, these products serve as vital substitutes or additives for conventional fossil-based gasoline and diesel. The industry's growth trajectory is largely propelled by government regulations aimed at carbon reduction and strategic measures to bolster energy security via domestic fuel manufacturing. These frameworks establish a reliable demand floor, while elevated crude oil prices provide further incentive to adopt alternative energy sources for diversifying national fuel portfolios. Illustrating this global demand, the Renewable Fuels Association reported that the United States ethanol industry achieved record exports of 1.91 billion gallons to international partners in 2024.

Nevertheless, the market faces a significant hurdle regarding the volatility and availability of feedstock supplies. Because the sector is heavily dependent on agricultural commodities such as corn and vegetable oils, fuel production competes directly with food markets, resulting in unstable input costs. This economic unpredictability introduces investment risks and fosters regulatory caution concerning land use, factors which can ultimately hinder the capacity expansion needed to achieve future global energy objectives.

Market Driver

The enforcement of strict government blending mandates acts as the primary foundation for the Global Liquid Biofuels Market, obligating distributors to incorporate renewable elements into their transportation fuel supplies. Regulatory authorities are progressively raising these incorporation standards to satisfy decarbonization commitments, effectively ensuring consistent consumption levels despite changes in fossil fuel prices. Brazil's RenovaBio policy illustrates this dynamic by setting ambitious decarbonization targets to guarantee domestic market expansion. In line with this, the Brazilian National Energy Policy Council approved RenovaBio targets in December 2024 that established a mandatory goal of acquiring 40.39 million Decarbonization Credits for 2025 to support long-term reduction strategies. This regulatory stability encourages significant production increases in key regions, as evidenced by the Renewable Fuels Association's '2025 Ethanol Industry Outlook' from November 2025, which projected U.S. ethanol production to hit a record 16.3 billion gallons in 2025, highlighting the strong link between legislative backing and industrial output.

A second vital driver is the increasing commercial uptake of Sustainable Aviation Fuel (SAF), which extends the industry's reach beyond ground transportation. Faced with mounting pressure to lower carbon emissions, the aviation sector is rapidly increasing its purchase of bio-based jet fuels made from feedstocks such as used cooking oil. This transition establishes a high-value market segment that supplements established biodiesel and ethanol trade. According to year-end estimates released by the International Air Transport Association in December 2024, global SAF production volumes hit 1 million tonnes in 2024, doubling the previous year's total. This swift growth emphasizes how the aviation industry's strategic shift toward liquid biofuels is stimulating new infrastructure investments and broadening revenue sources for producers globally.

Market Challenge

The inconsistency and limited availability of feedstock supplies constitute a major barrier directly impeding the growth of the global liquid biofuels market. Since the industry relies extensively on agricultural commodities like corn and vegetable oils, the costs associated with fuel production are intrinsically tied to the fluctuating conditions of the food market. When supplies become limited or competition for food resources increases, input prices experience unpredictable spikes. This economic volatility diminishes profit margins and fosters a high-risk climate that discourages the long-term capital investment required to construct new processing infrastructure.

Moreover, this dependence on arable crops causes considerable regulatory caution regarding land allocation, which further constrains capacity development. Policymakers frequently postpone or restrict support for biofuel initiatives due to apprehensions that cultivating energy crops will displace food production. This limitation directly suppresses output growth in critical regions. For example, the European Biodiesel Board reported that in 2024, regional production of FAME biodiesel stagnated at 9.8 million tonnes, a plateau linked to regulatory uncertainty and political scrutiny regarding crop-based feedstocks. Such stagnation illustrates how feedstock constraints physically limit the industry's capacity to expand and satisfy global demand.

Market Trends

The increasing utilization of Hydrotreated Vegetable Oil (HVO) is fundamentally transforming the market structure by providing a superior "drop-in" substitute for conventional fatty acid methyl ester (FAME) biodiesel. In contrast to FAME, which encounters technical blending restrictions due to engine compatibility concerns, HVO is chemically identical to petroleum diesel, permitting 100% replacement in existing heavy-duty fleets without requiring infrastructure adjustments. This technical benefit is prompting a notable shift in production tactics as manufacturers turn toward hydrogenation technologies to secure high-margin market segments. As noted in the '2024 Statistical Report' by the European Biodiesel Board in January 2025, HVO production volumes in Europe reached roughly 5.6 million tonnes in 2024, underscoring the steady expansion of this advanced fuel category despite broader market stagnation.

Simultaneously, the move toward advanced second-generation lignocellulosic feedstocks is accelerating as a strategic countermeasure to the volatility and ethical issues linked to food-based crops. Industry leaders are actively commercializing technologies capable of converting agricultural residues, such as sugarcane bagasse, into high-yield biofuels, effectively decoupling energy production from global food commodity cycles. This transition not only reduces feedstock price risks but also accesses extensive new raw material supply chains previously regarded as waste. For instance, Bioenergy International reported in July 2024, within the article 'Brazil's Raizen launches second-generation ethanol plant', that the company opened a new industrial-scale facility with an annual production capacity of 82 million liters of cellulosic ethanol, confirming the commercial feasibility of processing waste biomass on a large scale.

Key Market Players

• Archer Daniels Midland Company
• Bangchak Corporation Public Company Limited
• Renewable Energy Group, Inc.
• CropEnergies AG
• Green Plains Inc.
• Valero Energy Corporation
• POET, LLC
• Algenol Biofuels, Inc.
• Fulcrum BioEnergy, Inc.
• Emami Agrotech Limited

Report Scope

In this report, the Global Liquid Biofuels Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Liquid Biofuels Market, By Product

• Biodiesel
• Bioethanol
• Others

Liquid Biofuels Market, By Feedstock

• Sugar Crops
• Starch Crops
• Vegetable Oils
• Animal Fats
• Others

Liquid Biofuels Market, By Process

• Fermentation
• Transesterification
• Others

Liquid Biofuels Market, By Application

• Transportation
• Power Generation
• Heat

Liquid Biofuels Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Liquid Biofuels Market.

Available Customizations:

Global Liquid Biofuels Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Liquid Biofuels Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Product (Biodiesel, Bioethanol, Others)
  • 5.2.2. By Feedstock (Sugar Crops, Starch Crops, Vegetable Oils, Animal Fats, Others)
  • 5.2.3. By Process (Fermentation, Transesterification, Others)
  • 5.2.4. By Application (Transportation, Power Generation, Heat)
  • 5.2.5. By Region
  • 5.2.6. By Company (2025)
• 5.3. Market Map

6. North America Liquid Biofuels Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Product
  • 6.2.2. By Feedstock
  • 6.2.3. By Process
  • 6.2.4. By Application
  • 6.2.5. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Liquid Biofuels Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Product
      • 6.3.1.2.2. By Feedstock
      • 6.3.1.2.3. By Process
      • 6.3.1.2.4. By Application
  • 6.3.2. Canada Liquid Biofuels Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Product
      • 6.3.2.2.2. By Feedstock
      • 6.3.2.2.3. By Process
      • 6.3.2.2.4. By Application
  • 6.3.3. Mexico Liquid Biofuels Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Product
      • 6.3.3.2.2. By Feedstock
      • 6.3.3.2.3. By Process
      • 6.3.3.2.4. By Application

7. Europe Liquid Biofuels Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Product
  • 7.2.2. By Feedstock
  • 7.2.3. By Process
  • 7.2.4. By Application
  • 7.2.5. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Liquid Biofuels Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Product
      • 7.3.1.2.2. By Feedstock
      • 7.3.1.2.3. By Process
      • 7.3.1.2.4. By Application
  • 7.3.2. France Liquid Biofuels Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Product
      • 7.3.2.2.2. By Feedstock
      • 7.3.2.2.3. By Process
      • 7.3.2.2.4. By Application
  • 7.3.3. United Kingdom Liquid Biofuels Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Product
      • 7.3.3.2.2. By Feedstock
      • 7.3.3.2.3. By Process
      • 7.3.3.2.4. By Application
  • 7.3.4. Italy Liquid Biofuels Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Product
      • 7.3.4.2.2. By Feedstock
      • 7.3.4.2.3. By Process
      • 7.3.4.2.4. By Application
  • 7.3.5. Spain Liquid Biofuels Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Product
      • 7.3.5.2.2. By Feedstock
      • 7.3.5.2.3. By Process
      • 7.3.5.2.4. By Application

8. Asia Pacific Liquid Biofuels Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Product
  • 8.2.2. By Feedstock
  • 8.2.3. By Process
  • 8.2.4. By Application
  • 8.2.5. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Liquid Biofuels Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Product
      • 8.3.1.2.2. By Feedstock
      • 8.3.1.2.3. By Process
      • 8.3.1.2.4. By Application
  • 8.3.2. India Liquid Biofuels Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Product
      • 8.3.2.2.2. By Feedstock
      • 8.3.2.2.3. By Process
      • 8.3.2.2.4. By Application
  • 8.3.3. Japan Liquid Biofuels Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Product
      • 8.3.3.2.2. By Feedstock
      • 8.3.3.2.3. By Process
      • 8.3.3.2.4. By Application
  • 8.3.4. South Korea Liquid Biofuels Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Product
      • 8.3.4.2.2. By Feedstock
      • 8.3.4.2.3. By Process
      • 8.3.4.2.4. By Application
  • 8.3.5. Australia Liquid Biofuels Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Product
      • 8.3.5.2.2. By Feedstock
      • 8.3.5.2.3. By Process
      • 8.3.5.2.4. By Application

9. Middle East & Africa Liquid Biofuels Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Product
  • 9.2.2. By Feedstock
  • 9.2.3. By Process
  • 9.2.4. By Application
  • 9.2.5. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Liquid Biofuels Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Product
      • 9.3.1.2.2. By Feedstock
      • 9.3.1.2.3. By Process
      • 9.3.1.2.4. By Application
  • 9.3.2. UAE Liquid Biofuels Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Product
      • 9.3.2.2.2. By Feedstock
      • 9.3.2.2.3. By Process
      • 9.3.2.2.4. By Application
  • 9.3.3. South Africa Liquid Biofuels Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Product
      • 9.3.3.2.2. By Feedstock
      • 9.3.3.2.3. By Process
      • 9.3.3.2.4. By Application

10. South America Liquid Biofuels Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Product
  • 10.2.2. By Feedstock
  • 10.2.3. By Process
  • 10.2.4. By Application
  • 10.2.5. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Liquid Biofuels Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Product
      • 10.3.1.2.2. By Feedstock
      • 10.3.1.2.3. By Process
      • 10.3.1.2.4. By Application
  • 10.3.2. Colombia Liquid Biofuels Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Product
      • 10.3.2.2.2. By Feedstock
      • 10.3.2.2.3. By Process
      • 10.3.2.2.4. By Application
  • 10.3.3. Argentina Liquid Biofuels Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Product
      • 10.3.3.2.2. By Feedstock
      • 10.3.3.2.3. By Process
      • 10.3.3.2.4. By Application

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Liquid Biofuels Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. Archer Daniels Midland Company
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. Bangchak Corporation Public Company Limited
• 15.3. Renewable Energy Group, Inc.
• 15.4. CropEnergies AG
• 15.5. Green Plains Inc.
• 15.6. Valero Energy Corporation
• 15.7. POET, LLC
• 15.8. Algenol Biofuels, Inc.
• 15.9. Fulcrum BioEnergy, Inc.
• 15.10. Emami Agrotech Limited

16. Strategic Recommendations

17. About Us & Disclaimer