조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년06월
Sustainable Fuel Market – Global Forecast To 2029
지속 가능한 연료 시장 : 유형 (재생 가능 연료, 저탄소 화석 연료), 연료 유형 (바이오 연료, 전자 연료, 수소, 바이오 메탄, CNG), 최종 사용자 (도로 교통, 선박, 항공), 주 (액체, 가스) 및 지역별 – 2029년까지의 세계 예측
Sustainable Fuel Market by Type (Renewable Fuels, Low Carbon Fossil Fuels), Fuel Type (Biofuels, E-Fuels, Hydrogen, Biomethane, CNG), End User (Road transportation, Marine, Aviation), State (Liquid, Gas) and Region – Global Forecast to 2029
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| Multi User License | USD 6,650 |
| Corporate License | USD 8,150 |
| Enterprise License | USD 10.000 |
| 구성 | 영문조사보고서 |
Report Overview
The global sustainable fuel market is estimated to grow from USD 193.8 billion in 2024 to USD 299.9 billion by 2029; it is expected to record a CAGR of 9.1% during the forecast period.
세계의 지속 가능한 연료 시장은 2024년 1,938억 달러에서 2029년까지 2,999억 달러로 성장할 것으로 추정됩니다. 예측 기간 동안 9.1%의 CAGR을 기록할 것으로 예상됩니다.
Governments are enacting strict regulations and providing incentives to encourage the use of sustainable fuels. Additionally, the increasing global awareness of the necessity to combat climate change is propelling the sustainable fuel market. Furthermore, Sustainable fuels such as biofuels and green hydrogen contribute to diversifying energy sources and decreasing dependence on imported oil, thereby enhancing national energy security.
“Biofuels: The largest segment of the sustainable fuel market, by fuel type. “
Based on fuel type, the sustainable fuel market has been segmented into Biofuels, E-fuels, Hydrogen, Biomethane, and Compressed Natural Gas. The Biofuels segment is expected to be the largest segment during the forecast period. According to National Renewable Energy Laboratory (NREL), biofuels have the potential to reduce greenhouse gas emissions by 68% to 73% if equal volume of biofuel is substituted with petroleum-based fuels; therefore the need to reduce greenhouse gas emissions to boost the growth of the biofuels during the forecast period.
“Renewable fuels are expected to be the largest segment during the forecast period based on type.”
By type, the sustainable fuel market has been split into two types: renewable fuels and low carbon fossil fuels. The renewable fuels segment is expected to hold the largest market share during the forecast period. The goal of global economies to minimize their carbon footprint and greenhouse gas emissions has driven the adoption of clean and green energy alternatives. The rising energy demand, propelled by rapid industrialization and urbanization, has further hastened the shift towards renewable energy. Consequently, economies are increasingly utilizing renewable energy sources such as biomass, hydroelectric, and geothermal power.
“By state, liquid segment is expected to be the largest segment during the forecast period.”
Based on the State, the sustainable fuel market is segmented into liquid, and gas. The liquid segment is expected to be the largest growing segment of the sustainable fuel market during the forecast period. Liquid fuels have higher energy density compared to gases such as CNG, biomethane and hydrogen. Higher energy density refers to high amounts of energy per unit of volume. The higher density of liquid fuels is expected to drive the growth of the liquid segment during the forecast period.
“North America is expected to be the largest region in the sustainable fuel market.”
North America is expected to be the largest region in the sustainable fuel market during the forecast period. The growth is attributed to the enforcement of strict pollution control regulations, GHG emissions reduction efforts, and rising preference for low carbon and renewable energy alternatives. Reflecting the global trend towards sustainable fuels, investments in North America are increasing. These increasing investments in sustainable fuels boost the market growth during forecast period in the region.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
By Designation: C-Level- 30%, Director Level- 25%, and Others- 45%
By Region: North America- 25%, Europe- 25%, Asia Pacific- 30%, Middle East & Africa- 10%, South America-10%
Note: Others include sales managers, engineers, and regional managers.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The sustainable fuel market is dominated by a few major players that have a wide regional presence. The leading players in the sustainable fuel market are ADM (US), Shell plc (UK), Saudi Arabian Oil Co. (Saudi Arabia), Siemens Energy (Germany) and Chevron Corporation (US). The major strategy adopted by the players includes new product launches, partnerships, collaboration, mergers, and investments & expansions.
Research Coverage:
The report defines, describes, and forecasts the global sustainable fuel market by fuel type, state, type, end user and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the sustainable fuel market.
Key Benefits of Buying the Report
• Increasing emphasis on net zero emission and supportive government policies are few of the key factors driving the sustainable fuel market. Factors such as limited availability and infrastructure of sustainable fuel restrain the growth of the market. The growing energy transition towards reducing carbon emission is expected to present lucrative opportunities for the players operating in the sustainable fuel market.
• Product Development/ Innovation: The sustainable fuel market is witnessing significant product development and innovation, driven by the growing demand for environmentally friendly fuels to curb the transportation emissions. Companies are investing in developing advanced sustainable fuel technologies.
• Market Development: ADM and Gevo, Inc., a pioneer in transforming renewable energy into low-carbon, energy-dense liquid hydrocarbons, announced that they have signed a memorandum of understanding (MoU) to support the production of sustainable aviation fuel (SAF) and other low carbon-footprint hydrocarbon fuels.
• Market Diversification: Repsol has begun its first renewable hydrogen in the Petronor industrial area in Biscay, Spain. With an expenditure of 11 million euros, this renewable hydrogen is used in the refinery itself, lowering the carbon footprint of the products.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, like ADM (US), Shell plc (UK), Saudi Arabian Oil Co. (Saudi Arabia), Siemens Energy (Germany) and Chevron Corporation (US) among others in the sustainable fuel market.
Table of Contents
1 INTRODUCTION 41
1.1 STUDY OBJECTIVES 41
1.2 MARKET DEFINITION 41
1.3 STUDY SCOPE 42
1.3.1 INCLUSIONS AND EXCLUSIONS 42
1.3.2 MARKETS COVERED 43
FIGURE 1 SUSTAINABLE FUEL MARKET: SEGMENTATION 43
1.3.3 REGIONS COVERED 43
1.3.4 YEARS CONSIDERED 44
1.4 CURRENCY CONSIDERED 44
1.5 UNITS CONSIDERED 44
1.6 RESEARCH LIMITATIONS 44
1.7 STAKEHOLDERS 44
1.8 RECESSION IMPACT 45
2 RESEARCH METHODOLOGY 46
2.1 RESEARCH DATA 46
FIGURE 2 SUSTAINABLE FUEL MARKET: RESEARCH DESIGN 46
2.1.1 SECONDARY DATA 47
2.1.1.1 List of major secondary sources 47
2.1.1.2 Key data from secondary sources 47
2.1.2 PRIMARY DATA 48
2.1.2.1 List of key primary interview participants 48
2.1.2.2 Key data from primary sources 48
2.1.2.3 Key industry insights 49
2.1.2.4 Breakdown of primaries 49
2.2 MARKET SIZE ESTIMATION 51
2.2.1 BOTTOM-UP APPROACH 51
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 51
2.2.2 TOP-DOWN APPROACH 52
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 52
2.3 DEMAND-SIDE ANALYSIS 53
2.3.1 DEMAND-SIDE METRICS 53
FIGURE 5 KEY METRICS CONSIDERED TO ASSESS DEMAND FOR SUSTAINABLE FUELS 53
2.3.1.1 Assumptions for demand-side analysis 53
2.3.1.2 Calculations for demand-side analysis 53
2.4 SUPPLY-SIDE ANALYSIS 54
2.4.1 SUPPLY-SIDE METRICS 54
FIGURE 6 KEY METRICS CONSIDERED TO ASSESS SUPPLY OF SUSTAINABLE FUELS 54
FIGURE 7 SUSTAINABLE FUEL MARKET: SUPPLY-SIDE ANALYSIS 55
2.4.1.1 Assumptions for supply-side analysis 55
2.4.1.2 Calculations for supply-side analysis 55
2.5 DATA TRIANGULATION 56
FIGURE 8 SUSTAINABLE FUEL MARKET: DATA TRIANGULATION 56
2.6 GROWTH FORECAST 57
2.7 RISK ASSESSMENT 57
2.8 IMPACT OF RECESSION 57
3 EXECUTIVE SUMMARY 58
TABLE 1 SUSTAINABLE FUEL MARKET SNAPSHOT 58
FIGURE 9 RENEWABLE FUELS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 59
FIGURE 10 BIOFUELS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029 60
FIGURE 11 LIQUID SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 60
FIGURE 12 ROAD TRANSPORTATION SEGMENT TO ACCOUNT FOR LARGEST SHARE IN 2029 61
FIGURE 13 NORTH AMERICA HELD LARGEST SHARE OF SUSTAINABLE FUEL MARKET IN 2023 62
4 PREMIUM INSIGHTS 63
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SUSTAINABLE FUEL MARKET 63
FIGURE 14 INCREASE IN DEMAND FOR CLEAN ENERGY AND GOVERNMENT POLICIES TO DRIVE SUSTAINABLE FUEL MARKET DURING FORECAST PERIOD 63
4.2 SUSTAINABLE FUEL MARKET, BY REGION 63
FIGURE 15 ASIA PACIFIC TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD 63
4.3 SUSTAINABLE FUEL MARKET, BY TYPE 64
FIGURE 16 RENEWABLE FUELS SEGMENT DOMINATED MARKET IN 2023 64
4.4 SUSTAINABLE FUEL MARKET, BY FUEL TYPE 64
FIGURE 17 BIOFUELS SEGMENT HELD LARGEST MARKET SHARE IN 2023 64
4.5 SUSTAINABLE FUEL MARKET, BY STATE 64
FIGURE 18 LIQUID SEGMENT ACCOUNTED FOR LARGER SHARE OF MARKET IN 2023 64
4.6 SUSTAINABLE FUEL MARKET, BY END USER 65
FIGURE 19 ROAD TRANSPORTATION SEGMENT DOMINATED MARKET IN 2023 65
4.7 SUSTAINABLE FUEL MARKET IN NORTH AMERICA, BY END USER AND COUNTRY 65
FIGURE 20 ROAD TRANSPORTATION AND US LED MARKET IN NORTH AMERICA IN 2023 65
5 MARKET OVERVIEW 66
5.1 INTRODUCTION 66
5.2 MARKET DYNAMICS 66
FIGURE 21 SUSTAINABLE FUEL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 66
5.2.1 DRIVERS 67
5.2.1.1 Growing environmental concerns associated with conventional fuels 67
FIGURE 22 CARBON EMISSION DURING TRANSPORTATION, 2015–2022, 2030 67
5.2.1.2 Favorable government policies to reduce greenhouse emissions 67
5.2.1.3 Rising adoption of low-emission fuels 68
5.2.2 RESTRAINTS 68
5.2.2.1 Requirement of high initial capital investment 68
5.2.2.2 Growing competition from alternative fuels 68
5.2.3 OPPORTUNITIES 69
5.2.3.1 High depletion rate of fossil fuels 69
5.2.3.2 Transition toward renewable energy 69
FIGURE 23 RENEWABLE ENERGY CAPACITY ADDITIONS BY COUNTRY/REGION, 2019–2022 70
5.2.4 CHALLENGES 70
5.2.4.1 Limited commercial availability of hydrogen and biofuel-powered vehicles 70
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 71
FIGURE 24 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 71
5.4 SUPPLY CHAIN ANALYSIS 71
FIGURE 25 SUSTAINABLE FUEL MARKET: SUPPLY CHAIN ANALYSIS 71
5.4.1 RAW MATERIAL SUPPLIERS/TECHNOLOGY & EPC PROVIDERS 72
5.4.2 SUSTAINABLE FUEL PRODUCERS/SUPPLIERS 72
5.4.3 END USERS 72
5.5 ECOSYSTEM/MARKET MAP 72
FIGURE 26 SUSTAINABLE FUEL MARKET MAP 72
TABLE 2 ROLE OF PLAYERS IN SUSTAINABLE FUEL MARKET ECOSYSTEM 73
FIGURE 27 ECOSYSTEM ANALYSIS 74
5.6 CASE STUDY ANALYSIS 74
5.6.1 PRIO HELPED CARRIS ACHIEVE SUSTAINABLE MOBILITY IN URBAN SETTING 74
5.6.2 CROWN IRON WORKS (CIW) INTRODUCED RD-READY PRETREATMENT SYSTEM TO INCREASE BIODIESEL PRODUCTION EFFICIENCY 74
5.6.3 ENVIROGAS RNG PROJECT CAPTURED SIGNIFICANT AMOUNT OF METHANE 75
5.7 INVESTMENT AND FUNDING SCENARIO 76
FIGURE 28 INVESTMENT AND FUNDING SCENARIO 76
5.8 TECHNOLOGY ANALYSIS 76
5.8.1 KEY TECHNOLOGY 76
5.8.1.1 Biogas transformation to biomethane 76
5.8.1.2 Electrolysis for hydrogen production 77
5.8.2 COMPLEMENTARY TECHNOLOGY 77
5.8.2.1 Material-based hydrogen storage 77
5.8.2.2 Machine learning 78
5.8.3 ADJACENT TECHNOLOGY 78
5.8.3.1 Carbon capture, utilization, and storage 78
5.8.3.2 Fuel cell 78
5.9 TRADE ANALYSIS 79
5.9.1 E-FUELS 79
5.9.1.1 Import scenario 79
TABLE 3 IMPORT DATA FOR HS CODE 2814-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND) 79
FIGURE 29 HS CODE 2814: IMPORT DATA FOR TOP FIVE COUNTRIES, 2021–2023 80
5.9.1.2 Export scenario 80
TABLE 4 EXPORT DATA FOR HS CODE 2814-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND) 80
FIGURE 30 HS CODE 2814: EXPORT DATA FOR TOP FIVE COUNTRIES, 2021–2023 81
5.9.2 BIOFUELS 81
5.9.2.1 Import scenario 81
TABLE 5 IMPORT DATA FOR HS CODE 3826-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2023 (USD THOUSAND) 81
FIGURE 31 HS CODE 3826: IMPORT DATA FOR TOP FIVE COUNTRIES, 2021–2023 (USD THOUSAND) 82
5.9.2.2 Export scenario 82
TABLE 6 EXPORT DATA FOR HS CODE 3826-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND) 82
FIGURE 32 HS CODE 3826: EXPORT DATA FOR TOP FIVE COUNTRIES, 2021–2023 (USD THOUSAND) 83
5.9.3 HYDROGEN 83
5.9.3.1 Import scenario 83
TABLE 7 IMPORT DATA FOR HS CODE 280410-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND) 84
FIGURE 33 HS CODE 280410: IMPORT DATA FOR TOP FIVE COUNTRIES, 2020–2022 (USD THOUSAND) 84
5.9.3.2 Export scenario 85
TABLE 8 EXPORT DATA FOR HS CODE 280410-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND) 85
FIGURE 34 HS CODE 280410: EXPORT DATA FOR TOP FIVE COUNTRIES, 2020–2023 (USD THOUSAND) 85
5.9.4 BIOMETHANE 86
5.9.4.1 Import scenario 86
TABLE 9 IMPORT DATA FOR HS CODE 271111-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND) 86
FIGURE 35 HS CODE 271111: IMPORT DATA FOR TOP FIVE COUNTRIES, 2020–2023 (USD THOUSAND) 87
5.9.4.2 Export scenario 87
TABLE 10 EXPORT DATA FOR HS CODE 271111-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND) 87
FIGURE 36 HS CODE 271111: EXPORT DATA FOR TOP FIVE COUNTRIES, 2020–2023 (USD THOUSAND) 88
5.10 PATENT ANALYSIS 89
5.10.1 HYDROGEN 89
FIGURE 37 HYDROGEN: INNOVATIONS AND PATENT REGISTRATIONS, 2013–2023 89
5.10.1.1 List of major patents 90
TABLE 11 HYDROGEN: LIST OF MAJOR PATENTS, 2019–2023 90
5.10.2 E-FUELS 91
FIGURE 38 E-FUELS: INNOVATIONS AND PATENT REGISTRATIONS, 2013–2023 91
5.10.2.1 List of major patents 92
TABLE 12 E-FUELS: LIST OF MAJOR PATENTS, 2019–2023 92
5.10.3 BIOFUELS 94
FIGURE 39 BIOFUELS: INNOVATIONS AND PATENT REGISTRATIONS, 2013–2023 94
5.10.3.1 List of major patents 95
TABLE 13 BIOFUELS: LIST OF MAJOR PATENTS, 2019–2023 95
5.10.4 BIOMETHANE 98
FIGURE 40 BIOMETHANE: INNOVATIONS AND PATENT REGISTRATIONS, 2013–2023 98
5.10.4.1 List of major patents 99
TABLE 14 BIOMETHANE: LIST OF MAJOR PATENTS, 2019–2023 99
5.11 KEY CONFERENCES AND EVENTS IN 2024–2025 101
TABLE 15 SUSTAINABLE FUEL MARKET: KEY CONFERENCES AND EVENTS, 2024–2025 101
5.12 PRICING ANALYSIS 103
5.12.1 INDICATIVE PRICING ANALYSIS, BY FUEL TYPE 103
TABLE 16 INDICATIVE PRICING ANALYSIS, BY FUEL TYPE (USD/KG) 103
5.12.2 AVERAGE SELLING PRICE TREND, BY REGION 103
TABLE 17 AVERAGE SELLING PRICE TREND, BY REGION (USD/KG) 103
5.13 REGULATORY LANDSCAPE 103
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 103
TABLE 18 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 103
TABLE 19 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 105
TABLE 20 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 105
TABLE 21 MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 107
TABLE 22 SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 107
5.13.2 SUSTAINABLE FUEL MARKET: REGULATORY FRAMEWORK 108
TABLE 23 SUSTAINABLE FUEL MARKET: REGULATIONS 108
5.14 PORTER’S FIVE FORCES ANALYSIS 110
FIGURE 41 SUSTAINABLE FUEL MARKET: PORTER’S FIVE FORCES ANALYSIS 110
TABLE 24 SUSTAINABLE FUEL MARKET: PORTER’S FIVE FORCES ANALYSIS 110
5.14.1 THREAT OF NEW ENTRANTS 111
5.14.2 THREAT OF SUBSTITUTES 111
5.14.3 BARGAINING POWER OF SUPPLIERS 111
5.14.4 BARGAINING POWER OF BUYERS 111
5.14.5 INTENSITY OF COMPETITIVE RIVALRY 111
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 112
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 112
FIGURE 42 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY END USER 112
TABLE 25 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%) 112
5.15.2 BUYING CRITERIA 112
FIGURE 43 KEY BUYING CRITERIA, BY END USER 112
TABLE 26 KEY BUYING CRITERIA, BY END USER 113
6 SUSTAINABLE FUEL MARKET, BY TYPE 114
6.1 INTRODUCTION 115
FIGURE 44 SUSTAINABLE FUEL MARKET SHARE, BY TYPE, 2023 (%) 115
TABLE 27 SUSTAINABLE FUEL MARKET, BY TYPE, 2019–2023 (USD MILLION) 115
TABLE 28 SUSTAINABLE FUEL MARKET, BY TYPE, 2024–2029 (USD MILLION) 115
6.2 RENEWABLE FUELS 116
6.2.1 TRANSITIONING TOWARD RENEWABLE ENERGY TO DRIVE DEMAND 116
TABLE 29 RENEWABLE FUELS: SUSTAINABLE FUEL MARKET, BY TYPE, 2019–2023 (USD MILLION) 116
TABLE 30 RENEWABLE FUELS: SUSTAINABLE FUEL MARKET, BY TYPE, 2024–2029 (USD MILLION) 116
6.3 LOW-CARBON FOSSIL FUELS 117
6.3.1 DEMAND FOR COST-EFFECTIVE TRANSPORTATION FUEL TO DRIVE MARKET 117
TABLE 31 LOW-CARBON FOSSIL FUELS: SUSTAINABLE FUEL MARKET, BY TYPE, 2019–2023 (USD MILLION) 117
TABLE 32 LOW-CARBON FOSSIL FUELS: SUSTAINABLE FUEL MARKET, BY TYPE, 2024–2029 (USD MILLION) 117
7 SUSTAINABLE FUEL MARKET, BY FUEL TYPE 118
7.1 INTRODUCTION 119
FIGURE 45 SUSTAINABLE FUEL MARKET SHARE, BY FUEL TYPE, 2023 (%) 119
TABLE 33 SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (MILLION TONS) 119
TABLE 34 SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (MILLION TONS) 120
TABLE 35 SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 120
TABLE 36 SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 120
7.2 E-FUELS 121
7.2.1 CLEAN ENERGY INITIATIVES BY GOVERNMENTS TO DRIVE DEMAND 121
TABLE 37 E-FUELS: SUSTAINABLE FUEL MARKET, BY E-FUELS TYPE, 2019–2023 (USD MILLION) 121
TABLE 38 E-FUELS: SUSTAINABLE FUEL MARKET, BY E-FUELS TYPE, 2024–2029 (USD MILLION) 122
TABLE 39 E-FUELS: SUSTAINABLE FUEL MARKET, BY REGION, 2019–2023 (USD MILLION) 122
TABLE 40 E-FUELS: SUSTAINABLE FUEL MARKET, BY REGION, 2024–2029 (USD MILLION) 122
7.2.1.1 E-Methane 123
7.2.1.2 E-Methanol 123
7.2.1.3 E-Ammonia 123
7.2.1.4 E-Gasoline 123
7.2.1.5 E-Kerosene 123
7.2.1.6 E-Diesel 123
7.3 BIOFUELS 124
7.3.1 MANDATES, TAX CREDITS, AND INVESTMENTS TO DRIVE MARKET 124
TABLE 41 BIOFUELS: SUSTAINABLE FUEL MARKET, BY BIOFUELS TYPE, 2019–2023 (USD MILLION) 124
TABLE 42 BIOFUELS: SUSTAINABLE FUEL MARKET, BY BIOFUELS TYPE, 2024–2029 (USD MILLION) 124
TABLE 43 BIOFUELS: SUSTAINABLE FUEL MARKET, BY REGION, 2019–2023 (USD MILLION) 125
TABLE 44 BIOFUELS: SUSTAINABLE FUEL MARKET, BY REGION, 2024–2029 (USD MILLION) 125
7.3.1.1 Ethanol 125
7.3.1.2 Biodiesel 125
7.3.1.3 Renewable diesel 126
7.3.1.4 Biojet 126
7.4 HYDROGEN 126
7.4.1 STRICT REGULATIONS ON CURBING EMISSIONS TO DRIVE MARKET 126
TABLE 45 HYDROGEN: SUSTAINABLE FUEL MARKET, BY HYDROGEN TYPE, 2019–2023 (USD MILLION) 127
TABLE 46 HYDROGEN: SUSTAINABLE FUEL MARKET, BY HYDROGEN TYPE, 2024–2029 (USD MILLION) 127
TABLE 47 HYDROGEN: SUSTAINABLE FUEL MARKET, BY REGION, 2019–2023 (USD MILLION) 127
TABLE 48 HYDROGEN: SUSTAINABLE FUEL MARKET, BY REGION, 2024–2029 (USD MILLION) 127
7.4.1.1 Blue hydrogen 128
7.4.1.2 Green hydrogen 128
7.5 BIOMETHANE 128
7.5.1 GROWING FOCUS ON RENEWABLE ENERGY TO DRIVE MARKET 128
TABLE 49 BIOMETHANE: SUSTAINABLE FUEL MARKET, BY REGION, 2019–2023 (USD MILLION) 128
TABLE 50 BIOMETHANE: SUSTAINABLE FUEL MARKET, BY REGION, 2024–2029 (USD MILLION) 129
7.6 COMPRESSED NATURAL GAS 129
7.6.1 GROWING DEMAND FOR COST-EFFECTIVE FUEL TO DRIVE MARKET 129
TABLE 51 COMPRESSED NATURAL GAS: SUSTAINABLE FUEL MARKET, BY REGION, 2019–2023 (USD MILLION) 129
TABLE 52 COMPRESSED NATURAL GAS: SUSTAINABLE FUEL MARKET, BY REGION, 2024–2029 (USD MILLION) 130
8 SUSTAINABLE FUEL MARKET, BY STATE 131
8.1 INTRODUCTION 132
FIGURE 46 SUSTAINABLE FUEL MARKET SHARE, BY STATE, 2023 (%) 132
TABLE 53 SUSTAINABLE FUEL MARKET, BY STATE, 2019–2023 (USD MILLION) 132
TABLE 54 SUSTAINABLE FUEL MARKET, BY STATE, 2024–2029 (USD MILLION) 132
8.2 LIQUID 133
8.2.1 HIGH ENERGY DENSITY OF LIQUID FUELS TO DRIVE DEMAND 133
TABLE 55 LIQUID: SUSTAINABLE FUEL MARKET, BY REGION, 2019–2023 (USD MILLION) 133
TABLE 56 LIQUID: SUSTAINABLE FUEL MARKET, BY REGION, 2024–2029 (USD MILLION) 133
8.3 GAS 134
8.3.1 CONTRIBUTION OF GAS IN ENERGY SECURITY TO DRIVE MARKET 134
TABLE 57 GAS: SUSTAINABLE FUEL MARKET, BY REGION, 2019–2023 (USD MILLION) 134
TABLE 58 GAS: SUSTAINABLE FUEL MARKET, BY REGION, 2024–2029 (USD MILLION) 134
9 SUSTAINABLE FUEL MARKET, BY END USER 135
9.1 INTRODUCTION 136
FIGURE 47 SUSTAINABLE FUEL MARKET SHARE, BY END USER, 2023 (%) 136
TABLE 59 SUSTAINABLE FUEL MARKET, BY END USER, 2019–2023 (USD MILLION) 136
TABLE 60 SUSTAINABLE FUEL MARKET, BY END USER, 2024–2029 (USD MILLION) 136
9.2 ROAD TRANSPORTATION 137
9.2.1 COMPATIBILITY OF SUSTAINABLE FUELS WITH EXISTING ENGINES AND INFRASTRUCTURE TO DRIVE MARKET 137
TABLE 61 ROAD TRANSPORTATION: SUSTAINABLE FUEL MARKET, BY REGION, 2019–2023 (USD MILLION) 137
TABLE 62 ROAD TRANSPORTATION: SUSTAINABLE FUEL MARKET, BY REGION, 2024–2029 (USD MILLION) 137
9.2.1.1 Two- and three-wheelers 138
9.2.1.2 Passenger cars 138
9.2.1.3 Commercial/Heavy-duty vehicles 138
9.3 AVIATION 138
9.3.1 TRANSITION TO NET-ZERO EMISSION SUPPORTED BY SHIFT TOWARD SUSTAINABLE FUELS 138
TABLE 63 AVIATION: SUSTAINABLE FUEL MARKET, BY REGION, 2019–2023 (USD MILLION) 139
TABLE 64 AVIATION: SUSTAINABLE FUEL MARKET, BY REGION, 2024–2029 (USD MILLION) 139
9.4 MARINE 139
9.4.1 ENFORCEMENT OF STRICT EMISSION REGULATIONS TO DRIVE MARKET 139
TABLE 65 MARINE: SUSTAINABLE FUEL MARKET, BY REGION, 2019–2023 (USD MILLION) 140
TABLE 66 MARINE: SUSTAINABLE FUEL MARKET, BY REGION, 2024–2029 (USD MILLION) 140
10 SUSTAINABLE FUEL MARKET, BY REGION 141
10.1 INTRODUCTION 142
FIGURE 48 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 142
FIGURE 49 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF SUSTAINABLE FUEL MARKET IN 2023 142
TABLE 67 SUSTAINABLE FUEL MARKET, BY REGION, 2019–2023 (MILLION TONS) 143
TABLE 68 SUSTAINABLE FUEL MARKET, BY REGION, 2024–2029 (MILLION TONS) 143
TABLE 69 SUSTAINABLE FUEL MARKET, BY REGION, 2019–2023 (USD MILLION) 143
TABLE 70 SUSTAINABLE FUEL MARKET, BY REGION, 2024–2029 (USD MILLION) 144
10.2 ASIA PACIFIC 144
10.2.1 RECESSION IMPACT 144
10.2.2 ASIA PACIFIC: SUSTAINABLE FUEL MARKET, BY FUEL TYPE 145
TABLE 71 ASIA PACIFIC: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 145
TABLE 72 ASIA PACIFIC: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 145
10.2.3 ASIA PACIFIC: SUSTAINABLE FUEL MARKET, BY STATE 145
TABLE 73 ASIA PACIFIC: SUSTAINABLE FUEL MARKET, BY STATE, 2019–2023 (USD MILLION) 145
TABLE 74 ASIA PACIFIC: SUSTAINABLE FUEL MARKET, BY STATE, 2024–2029 (USD MILLION) 146
10.2.4 ASIA PACIFIC: SUSTAINABLE FUEL MARKET, BY END USER 146
TABLE 75 ASIA PACIFIC: SUSTAINABLE FUEL MARKET, BY END USER, 2019–2023 (USD MILLION) 146
TABLE 76 ASIA PACIFIC: SUSTAINABLE FUEL MARKET, BY END USER, 2024–2029 (USD MILLION) 146
10.2.5 ASIA PACIFIC: SUSTAINABLE FUEL MARKET, BY COUNTRY 147
TABLE 77 ASIA PACIFIC: SUSTAINABLE FUEL MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 147
TABLE 78 ASIA PACIFIC: SUSTAINABLE FUEL MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 147
10.2.5.1 China 147
10.2.5.1.1 Increasing investment in sustainable fuels to drive market 147
TABLE 79 CHINA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 148
TABLE 80 CHINA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 148
10.2.5.2 India 148
10.2.5.2.1 Rising adoption of clean energy and transition to a circular economy to foster growth 148
TABLE 81 INDIA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 149
TABLE 82 INDIA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 149
10.2.5.3 Japan 149
10.2.5.3.1 Ongoing net zero carbon emission initiatives to drive market 149
TABLE 83 JAPAN: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 150
TABLE 84 JAPAN: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 150
10.2.5.4 Australia 151
10.2.5.4.1 Development and commercialization of sustainable fuels to boost market 151
TABLE 85 AUSTRALIA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 151
TABLE 86 AUSTRALIA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 151
10.2.5.5 South Korea 152
10.2.5.5.1 Measures for sustainable shipping and aviation to drive market 152
TABLE 87 SOUTH KOREA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 152
TABLE 88 SOUTH KOREA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 152
10.2.5.6 Rest of Asia Pacific 153
TABLE 89 REST OF ASIA PACIFIC: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 153
TABLE 90 REST OF ASIA PACIFIC: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 153
10.3 EUROPE 153
FIGURE 50 EUROPE: REGIONAL SNAPSHOT 155
10.3.1 RECESSION IMPACT 155
10.3.2 EUROPE: SUSTAINABLE FUEL MARKET, BY FUEL TYPE 156
TABLE 91 EUROPE: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 156
TABLE 92 EUROPE: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 156
10.3.3 EUROPE: SUSTAINABLE FUEL MARKET, BY STATE 156
TABLE 93 EUROPE: SUSTAINABLE FUEL MARKET, BY STATE, 2019–2023 (USD MILLION) 156
TABLE 94 EUROPE: SUSTAINABLE FUEL MARKET, BY STATE, 2024–2029 (USD MILLION) 157
10.3.4 EUROPE: SUSTAINABLE FUEL MARKET, BY END USER 157
TABLE 95 EUROPE: SUSTAINABLE FUEL MARKET, BY END USER, 2019–2023 (USD MILLION) 157
TABLE 96 EUROPE: SUSTAINABLE FUEL MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 157
10.3.5 EUROPE: SUSTAINABLE FUEL MARKET, BY COUNTRY 158
TABLE 97 EUROPE: SUSTAINABLE FUEL MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 158
TABLE 98 EUROPE: SUSTAINABLE FUEL MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 158
10.3.5.1 Germany 158
10.3.5.1.1 Launch of new schemes such as Neste Impact to boost demand for biofuels 158
TABLE 99 GERMANY: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 159
TABLE 100 GERMANY: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 159
10.3.5.2 UK 160
10.3.5.2.1 Strategic investments in biofuels to drive market 160
TABLE 101 UK: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 160
TABLE 102 UK: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 160
10.3.5.3 France 161
10.3.5.3.1 Upcoming incentives and policies to propel sustainable fuel market 161
TABLE 103 FRANCE: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 161
TABLE 104 FRANCE: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 161
10.3.5.4 Norway 162
10.3.5.4.1 Commercialization of sustainable fuels by government and corporate sector to boost market 162
TABLE 105 NORWAY: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 162
TABLE 106 NORWAY: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 163
10.3.5.5 Rest of Europe 163
TABLE 107 REST OF EUROPE: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 163
TABLE 108 REST OF EUROPE: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 164
10.4 MIDDLE EAST & AFRICA 164
10.4.1 RECESSION IMPACT 164
10.4.2 MIDDLE EAST & AFRICA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE 165
TABLE 109 MIDDLE EAST & AFRICA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 165
TABLE 110 MIDDLE EAST & AFRICA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 165
10.4.3 MIDDLE EAST & AFRICA: SUSTAINABLE FUEL MARKET, BY STATE 165
TABLE 111 MIDDLE EAST & AFRICA: SUSTAINABLE FUEL MARKET, BY STATE, 2019–2023 (USD MILLION) 165
TABLE 112 MIDDLE EAST & AFRICA: SUSTAINABLE FUEL MARKET, BY STATE, 2024–2029 (USD MILLION) 166
10.4.4 MIDDLE EAST & AFRICA: SUSTAINABLE FUEL MARKET, BY END USER 166
TABLE 113 MIDDLE EAST & AFRICA: SUSTAINABLE FUEL MARKET, BY END USER, 2019–2023 (USD MILLION) 166
TABLE 114 MIDDLE EAST & AFRICA: SUSTAINABLE FUEL MARKET, BY END USER, 2024–2029 (USD MILLION) 166
10.4.5 MIDDLE EAST & AFRICA: SUSTAINABLE FUEL MARKET, BY COUNTRY 167
TABLE 115 MIDDLE EAST & AFRICA: SUSTAINABLE FUEL MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 167
TABLE 116 MIDDLE EAST & AFRICA: SUSTAINABLE FUEL MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 167
10.4.5.1 GCC countries 167
TABLE 117 GCC COUNTRIES: SUSTAINABLE FUEL MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 167
TABLE 118 GCC COUNTRIES: SUSTAINABLE FUEL MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 168
10.4.5.1.1 Saudi Arabia 168
10.4.5.1.1.1 Major investments in sustainable and low-carbon transportation fuels to boost market 168
TABLE 119 SAUDI ARABIA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 168
TABLE 120 SAUDI ARABIA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 169
10.4.5.1.2 UAE 169
10.4.5.1.2.1 Advanced biofuel policy for sustainable aviation and energy sector to drive market 169
TABLE 121 UAE: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 169
TABLE 122 UAE: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 170
10.4.5.1.3 Rest of GCC countries 170
TABLE 123 REST OF GCC COUNTRIES: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 170
TABLE 124 REST OF GCC COUNTRIES: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 171
10.4.5.2 South Africa 171
10.4.5.2.1 Advanced green energy transition to drive market 171
TABLE 125 SOUTH AFRICA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 171
TABLE 126 SOUTH AFRICA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 172
10.4.5.3 Rest of Middle East & Africa 172
TABLE 127 REST OF MIDDLE EAST & AFRICA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 172
TABLE 128 REST OF MIDDLE EAST & AFRICA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 173
10.5 NORTH AMERICA 173
FIGURE 51 NORTH AMERICA: REGIONAL SNAPSHOT 174
10.5.1 RECESSION IMPACT 174
10.5.2 NORTH AMERICA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE 175
TABLE 129 NORTH AMERICA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 175
TABLE 130 NORTH AMERICA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 175
10.5.3 NORTH AMERICA: SUSTAINABLE FUEL MARKET, BY STATE 175
TABLE 131 NORTH AMERICA: SUSTAINABLE FUEL MARKET, BY STATE, 2019–2023 (USD MILLION) 175
TABLE 132 NORTH AMERICA: SUSTAINABLE FUEL MARKET, BY STATE, 2024–2029 (USD MILLION) 176
10.5.4 NORTH AMERICA: SUSTAINABLE FUEL MARKET, BY END USER 176
TABLE 133 NORTH AMERICA: SUSTAINABLE FUEL MARKET, BY END USER, 2019–2023 (USD MILLION) 176
TABLE 134 NORTH AMERICA: SUSTAINABLE FUEL MARKET, BY END USER, 2024–2029 (USD MILLION) 176
10.5.5 NORTH AMERICA: SUSTAINABLE FUEL MARKET, BY COUNTRY 177
TABLE 135 NORTH AMERICA: SUSTAINABLE FUEL MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 177
TABLE 136 NORTH AMERICA: SUSTAINABLE FUEL MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 177
10.5.5.1 US 177
10.5.5.1.1 Increasing demand for sustainable fuels in aviation and marine industries to drive market 177
TABLE 137 US: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 178
TABLE 138 US: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD BILLION) 178
10.5.5.2 Canada 178
10.5.5.2.1 Rising need for climate change mitigation to boost demand for sustainable fuels 178
TABLE 139 CANADA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 179
TABLE 140 CANADA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD BILLION) 179
10.5.5.3 Mexico 179
10.5.5.3.1 Increasing demand for hydrogen and CNG vehicles to drive market 179
TABLE 141 MEXICO: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 180
TABLE 142 MEXICO: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD BILLION) 180
10.6 SOUTH AMERICA 180
10.6.1 RECESSION IMPACT 181
10.6.2 SOUTH AMERICA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE 181
TABLE 143 SOUTH AMERICA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 181
TABLE 144 SOUTH AMERICA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 181
10.6.3 SOUTH AMERICA: SUSTAINABLE FUEL MARKET, BY STATE 182
TABLE 145 SOUTH AMERICA: SUSTAINABLE FUEL MARKET, BY STATE, 2019–2023 (USD MILLION) 182
TABLE 146 SOUTH AMERICA: SUSTAINABLE FUEL MARKET, BY STATE, 2024–2029 (USD MILLION) 182
10.6.4 SOUTH AMERICA: SUSTAINABLE FUEL MARKET, BY END USER 182
TABLE 147 SOUTH AMERICA: SUSTAINABLE FUEL MARKET, BY END USER, 2019–2023 (USD MILLION) 182
TABLE 148 SOUTH AMERICA: SUSTAINABLE FUEL MARKET, BY END USER, 2024–2029 (USD MILLION) 182
10.6.5 SOUTH AMERICA: SUSTAINABLE FUEL MARKET, BY COUNTRY 183
TABLE 149 SOUTH AMERICA: SUSTAINABLE FUEL MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 183
TABLE 150 SOUTH AMERICA: SUSTAINABLE FUEL MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 183
10.6.5.1 Brazil 183
10.6.5.1.1 Rising demand for clean hydrogen in transportation sector to boost market 183
TABLE 151 BRAZIL: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 184
TABLE 152 BRAZIL: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 184
10.6.5.2 Argentina 184
10.6.5.2.1 Surge in gasoline demand to drive market 184
TABLE 153 ARGENTINA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 185
TABLE 154 ARGENTINA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 185
10.6.5.3 Rest of South America 186
TABLE 155 REST OF SOUTH AMERICA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION) 186
TABLE 156 REST OF SOUTH AMERICA: SUSTAINABLE FUEL MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 186
11 COMPETITIVE LANDSCAPE 187
11.1 OVERVIEW 187
11.2 KEY STRATEGIES/RIGHT TO WIN 187
TABLE 157 SUSTAINABLE FUEL MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2019–2024 187
11.3 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023 190
FIGURE 52 SUSTAINABLE FUEL MARKET: MARKET SHARE ANALYSIS, 2023 190
11.3.1 MARKET RANKING ANALYSIS 191
FIGURE 53 RANKING OF KEY PLAYERS IN SUSTAINABLE FUEL MARKET 191
11.3.2 MARKET EVALUATION FRAMEWORK, 2020–2024 192
TABLE 159 SUSTAINABLE FUEL MARKET: MARKET EVALUATION FRAMEWORK, 2020–2024 193
11.4 REVENUE ANALYSIS OF KEY PLAYERS 194
FIGURE 54 SUSTAINABLE FUEL MARKET: REVENUE ANALYSIS OF TEN KEY PLAYERS, 2019–2023 194
11.5 COMPANY VALUATION AND FINANCIAL MATRIX 195
FIGURE 55 SUSTAINABLE FUEL MARKET: COMPANY VALUATION 195
FIGURE 56 SUSTAINABLE FUEL MARKET: FINANCIAL MATRIX 195
11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 196
11.6.1 STARS 196
11.6.2 EMERGING LEADERS 196
11.6.3 PERVASIVE PLAYERS 196
11.6.4 PARTICIPANTS 196
FIGURE 57 SUSTAINABLE FUEL MARKET: COMPANY EVALUATION MATRIX
(KEY PLAYERS), 2023 197
11.6.5 COMPANY FOOTPRINT: KEY PLAYERS 198
11.6.5.1 Company footprint 198
FIGURE 58 SUSTAINABLE FUEL MARKET: COMPANY OVERALL FOOTPRINT 198
11.6.5.2 Product footprint 199
FIGURE 59 SUSTAINABLE FUEL MARKET: COMPANY PRODUCT FOOTPRINT 199
11.6.5.3 Market footprint 200
FIGURE 60 SUSTAINABLE FUEL MARKET: COMPANY MARKET FOOTPRINT 200
11.6.5.4 Regional footprint 201
TABLE 160 SUSTAINABLE FUEL MARKET: REGION FOOTPRINT 201
11.6.5.5 Fuel type footprint 202
TABLE 161 SUSTAINABLE FUEL MARKET: FUEL TYPE FOOTPRINT 202
11.6.5.6 State footprint 203
TABLE 162 SUSTAINABLE FUEL MARKET: STATE FOOTPRINT 203
11.6.5.7 End user footprint 204
TABLE 163 SUSTAINABLE FUEL MARKET: END USER FOOTPRINT 204
11.6.5.8 Type footprint 205
TABLE 164 SUSTAINABLE FUEL MARKET: TYPE FOOTPRINT 205
11.7 BRAND/PRODUCT COMPARATIVE ANALYSIS 206
11.8 COMPANY EVALUATION MATRIX: OTHER PLAYERS, 2023 206
11.8.1 STARS 206
11.8.2 EMERGING LEADERS 206
11.8.3 PERVASIVE PLAYERS 206
11.8.4 PARTICIPANTS 207
FIGURE 61 SUSTAINABLE FUEL MARKET: COMPANY EVALUATION MATRIX (OTHER PLAYERS), 2023 207
11.8.5 COMPANY FOOTPRINT: OTHER PLAYERS, 2023 208
11.8.5.1 Company footprint 208
FIGURE 62 SUSTAINABLE FUEL MARKET: COMPANY OVERALL FOOTPRINT (OTHER PLAYERS) 208
11.8.5.2 Regional footprint 209
TABLE 165 SUSTAINABLE FUEL MARKET: REGION FOOTPRINT (OTHER PLAYERS) 209
11.8.5.3 Fuel type footprint 210
TABLE 166 SUSTAINABLE FUEL MARKET: FUEL TYPE FOOTPRINT (OTHER PLAYERS) 210
11.8.5.4 State footprint 211
TABLE 167 SUSTAINABLE FUEL MARKET: STATE FOOTPRINT (OTHER PLAYERS) 211
11.8.5.5 Type footprint 212
TABLE 168 SUSTAINABLE FUEL MARKET: TYPE FOOTPRINT (OTHER PLAYERS) 212
11.8.5.6 End user footprint 213
TABLE 169 SUSTAINABLE FUEL MARKET: END USER FOOTPRINT (OTHER PLAYERS) 213
11.9 COMPETITIVE SCENARIO AND TRENDS 214
11.9.1 PRODUCT LAUNCHES 214
TABLE 170 SUSTAINABLE FUEL MARKET: PRODUCT LAUNCHES, JANUARY 2020–APRIL 2024 214
11.9.2 DEALS 215
TABLE 171 SUSTAINABLE FUEL MARKET: DEALS, JANUARY 2020–APRIL 2024 215
11.9.3 EXPANSION 216
TABLE 172 SUSTAINABLE FUEL MARKET: EXPANSION, JANUARY 2020–APRIL 2024 216
11.9.4 OTHER DEVELOPMENTS 217
TABLE 173 SUSTAINABLE FUEL MARKET: OTHER DEVELOPMENTS, JANUARY 2020–APRIL 2024 217
12 COMPANY PROFILES 218
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
12.1 KEY COMPANIES 218
12.1.1 CHEVRON CORPORATION 218
TABLE 174 CHEVRON CORPORATION: COMPANY OVERVIEW 218
FIGURE 63 CHEVRON CORPORATION: COMPANY SNAPSHOT 219
TABLE 175 CHEVRON CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED 219
TABLE 176 CHEVRON CORPORATION: PRODUCT LAUNCHES 220
TABLE 177 CHEVRON CORPORATION: DEALS 221
TABLE 178 CHEVRON CORPORATION: EXPANSION 225
12.1.2 ADM 226
TABLE 179 ADM: COMPANY OVERVIEW 226
FIGURE 64 ADM: COMPANY SNAPSHOT 227
TABLE 180 ADM: PRODUCTS/SERVICES/SOLUTIONS OFFERED 227
TABLE 181 ADM: DEALS 228
TABLE 182 ADM: OTHER DEVELOPMENTS 228
12.1.3 CNPC 230
TABLE 183 CNPC: COMPANY OVERVIEW 230
FIGURE 65 CNPC: COMPANY SNAPSHOT 231
TABLE 184 CNPC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 231
TABLE 185 CNPC: DEALS 232
TABLE 186 CNPC: EXPANSION 232
12.1.4 SHELL PLC 236
TABLE 187 SHELL PLC: COMPANY OVERVIEW 236
FIGURE 66 SHELL PLC: COMPANY SNAPSHOT 237
TABLE 188 SHELL PLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 237
TABLE 189 SHELL PLC: PRODUCT LAUNCHES 238
TABLE 190 SHELL PLC: DEALS 238
TABLE 191 SHELL PLC: EXPANSION 239
12.1.5 SAUDI ARABIAN OIL CO. 241
TABLE 192 SAUDI ARABIAN OIL CO.: COMPANY OVERVIEW 241
FIGURE 67 SAUDI ARABIAN OIL CO.: COMPANY SNAPSHOT 242
TABLE 193 SAUDI ARABIAN OIL CO.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 242
TABLE 194 SAUDI ARABIAN OIL CO.: DEALS 243
TABLE 195 SAUDI ARABIAN OIL CO.: EXPANSION 243
12.1.6 TOTALENERGIES 245
TABLE 196 TOTALENERGIES: COMPANY OVERVIEW 245
TABLE 197 TOTALENERGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 246
TABLE 198 TOTALENERGIES: PRODUCT LAUNCHES 247
TABLE 199 TOTALENERGIES: DEALS 248
12.1.7 AIR LIQUIDE 251
TABLE 200 AIR LIQUIDE: COMPANY OVERVIEW 251
FIGURE 69 AIR LIQUIDE: COMPANY SNAPSHOT 252
TABLE 201 AIR LIQUIDE: PRODUCTS/SERVICES/SOLUTIONS OFFERED 253
TABLE 202 AIR LIQUIDE: DEALS 253
TABLE 203 AIR LIQUIDE: OTHER DEVELOPMENTS 254
12.1.8 AUDI AG 257
TABLE 204 AUDI AG: COMPANY OVERVIEW 257
FIGURE 70 AUDI AG: COMPANY SNAPSHOT 257
TABLE 205 AUDI AG: PRODUCTS/SERVICES/SOLUTIONS OFFERED 258
TABLE 206 AUDI AG: PRODUCT LAUNCHES 258
12.1.9 SIEMENS ENERGY 259
TABLE 207 SIEMENS ENERGY: COMPANY OVERVIEW 259
FIGURE 71 SIEMENS ENERGY: COMPANY SNAPSHOT 260
TABLE 208 SIEMENS ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED 260
TABLE 209 SIEMENS ENERGY: DEALS 261
12.1.10 GASUM LTD. 262
TABLE 210 GASUM LTD.: COMPANY OVERVIEW 262
FIGURE 72 GASUM LTD.: COMPANY SNAPSHOT 263
TABLE 211 GASUM LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 263
TABLE 212 GASUM LTD.: DEALS 264
TABLE 213 GASUM LTD.: OTHER DEVELOPMENTS 264
12.1.11 LINDE PLC 265
TABLE 214 LINDE PLC: COMPANY OVERVIEW 265
FIGURE 73 LINDE PLC: COMPANY SNAPSHOT 266
TABLE 215 LINDE PLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 266
TABLE 216 LINDE PLC: PRODUCT LAUNCHES 267
TABLE 217 LINDE PLC: DEALS 267
TABLE 218 LINDE PLC: EXPANSION 268
12.1.12 AIR PRODUCTS AND CHEMICALS, INC. 269
TABLE 219 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY OVERVIEW 269
FIGURE 74 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY SNAPSHOT 270
TABLE 220 AIR PRODUCTS AND CHEMICALS, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 270
TABLE 221 AIR PRODUCTS AND CHEMICALS, INC.: DEALS 271
TABLE 222 AIR PRODUCTS AND CHEMICALS, INC.: OTHER DEVELOPMENTS 272
12.1.13 ELECTROCHAEA GMBH 274
TABLE 223 ELECTROCHAEA GMBH: COMPANY OVERVIEW 274
TABLE 224 ELECTROCHAEA GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED 274
TABLE 225 ELECTROCHAEA GMBH: OTHER DEVELOPMENTS 275
12.1.14 VALERO 276
TABLE 226 VALERO: COMPANY OVERVIEW 276
FIGURE 75 VALERO: COMPANY SNAPSHOT 277
TABLE 227 VALERO: PRODUCTS/SERVICES/SOLUTIONS OFFERED 277
TABLE 228 VALERO: DEALS 278
TABLE 229 VALERO: OTHER DEVELOPMENTS 278
12.1.15 NESTE 279
TABLE 230 NESTE: COMPANY OVERVIEW 279
FIGURE 76 NESTE: COMPANY SNAPSHOT 280
TABLE 231 NESTE: PRODUCTS/SERVICES/SOLUTIONS OFFERED 280
TABLE 232 NESTE: DEALS 281
TABLE 233 NESTE: OTHER DEVELOPMENTS 283
12.1.16 CARGILL, INCORPORATED 285
TABLE 234 CARGILL, INCORPORATED: COMPANY OVERVIEW 285
FIGURE 77 CARGILL, INCORPORATED: COMPANY SNAPSHOT 285
TABLE 235 CARGILL, INCORPORATED: PRODUCTS/SERVICES/SOLUTIONS OFFERED 286
TABLE 236 CARGILL, INCORPORATED: DEALS 286
TABLE 237 CARGILL, INCORPORATED: EXPANSION 287
12.1.17 NATURE ENERGY 288
TABLE 238 NATURE ENERGY: COMPANY OVERVIEW 288
TABLE 239 NATURE ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 288
TABLE 240 NATURE ENERGY: DEALS 288
TABLE 241 NATURE ENERGY: OTHER DEVELOPMENTS 289
12.1.18 ARCHAEA ENERGY INC. 291
TABLE 242 ARCHAEA ENERGY INC.: COMPANY OVERVIEW 291
TABLE 243 ARCHAEA ENERGY INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 291
TABLE 244 ARCHAEA ENERGY INC.: DEALS 291
TABLE 245 ARCHAEA ENERGY INC.: EXPANSION 292
12.1.19 OPAL FUELS 294
TABLE 246 OPAL FUELS: COMPANY OVERVIEW 294
FIGURE 78 OPAL FUELS: COMPANY SNAPSHOT 295
TABLE 247 OPAL FUELS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 295
TABLE 248 OPAL FUELS: DEALS 296
TABLE 249 OPAL FUELS: OTHER DEVELOPMENTS 296
12.1.20 REPSOL 297
TABLE 250 REPSOL: COMPANY OVERVIEW 297
FIGURE 79 REPSOL: COMPANY SNAPSHOT 298
TABLE 251 REPSOL: PRODUCTS/SERVICES/SOLUTIONS OFFERED 298
TABLE 252 REPSOL: PRODUCT LAUNCHES 299
TABLE 253 REPSOL: DEALS 300
TABLE 254 REPSOL: OTHER DEVELOPMENTS 302
12.1.21 ENGIE 303
TABLE 255 ENGIE: COMPANY OVERVIEW 303
TABLE 256 ENGIE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 304
TABLE 257 ENGIE: DEALS 305
TABLE 258 ENGIE: OTHER DEVELOPMENTS 306
12.1.22 INDIAN OIL CORPORATION LTD 307
TABLE 259 INDIAN OIL CORPORATION LTD.: COMPANY OVERVIEW 307
FIGURE 81 INDIAN OIL CORPORATION LTD.: COMPANY SNAPSHOT 308
TABLE 260 INDIAN OIL CORPORATION LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 308
TABLE 261 INDIAN OIL CORPORATION LTD.: PRODUCT LAUNCHES 309
TABLE 262 INDIAN OIL CORPORATION LTD.: DEALS 310
12.1.23 BP P.L.C. 311
TABLE 263 BP P.L.C.: COMPANY OVERVIEW 311
FIGURE 82 BP P.L.C.: COMPANY SNAPSHOT 312
TABLE 264 BP P.L.C.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 312
TABLE 265 BP P.L.C.: DEALS 313
TABLE 266 BP P.L.C.: EXPANSION 314
12.1.24 CONOCOPHILLIPS COMPANY 316
TABLE 267 CONOCOPHILLIPS COMPANY: COMPANY OVERVIEW 316
FIGURE 83 CONOCOPHILLIPS COMPANY: COMPANY SNAPSHOT 317
TABLE 268 CONOCOPHILLIPS COMPANY: PRODUCTS/SERVICES/SOLUTIONS OFFERED 317
TABLE 269 CONOCOPHILLIPS COMPANY: DEALS 318
12.2 OTHER PLAYERS 319
12.2.1 UNIPER SE 319
TABLE 270 UNIPER SE: COMPANY OVERVIEW 319
12.2.2 ØRSTED A/S 319
TABLE 271 ØRSTED A/S: COMPANY OVERVIEW 319
12.2.3 MAN ENERGY SOLUTIONS 320
TABLE 272 MAN ENERGY SOLUTIONS: COMPANY OVERVIEW 320
12.2.4 VERBIO SE 320
TABLE 273 VERBIO SE: COMPANY OVERVIEW 320
12.2.5 KINDER MORGAN 321
TABLE 274 KINDER MORGAN: COMPANY OVERVIEW 321
12.2.6 E.ON SE 321
TABLE 275 E.ON SE: COMPANY OVERVIEW 321
12.2.7 MESSER GROUP 322
TABLE 276 MESSER GROUP: COMPANY OVERVIEW 322
12.2.8 EQUINOR ASA 322
TABLE 277 EQUINOR ASA: COMPANY OVERVIEW 322
12.2.9 DR. ING. H.C. F. PORSCHE AG 323
TABLE 278 DR. ING. H.C. F. PORSCHE AG: COMPANY OVERVIEW 323
12.2.10 MITSUBISHI MOTORS CORPORATION 324
TABLE 279 MITSUBISHI MOTORS CORPORATION: COMPANY OVERVIEW 324
12.2.11 GREEN PLAINS INC. 325
TABLE 280 GREEN PLAINS INC.: COMPANY OVERVIEW 325
12.2.12 POET, LLC 326
TABLE 281 POET, LLC: COMPANY OVERVIEW 326
12.2.13 WILMAR INTERNATIONAL LTD. 327
TABLE 282 WILMAR INTERNATIONAL LTD.: COMPANY OVERVIEW 327
12.2.14 THE ANDERSONS, INC. 328
TABLE 283 THE ANDERSONS, INC.: COMPANY OVERVIEW 328
12.2.15 ENVITEC BIOGAS AG 329
TABLE 284 ENVITEC BIOGAS AG: COMPANY OVERVIEW 329
12.2.16 FUTURE BIOGAS LIMITED 330
TABLE 285 FUTURE BIOGAS LIMITED: COMPANY OVERVIEW 330
12.2.17 WAGA ENERGY 330
TABLE 286 WAGA ENERGY: COMPANY OVERVIEW 330
12.2.18 INFINIUM 331
TABLE 287 INFINIUM: COMPANY OVERVIEW 331
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13 APPENDIX 332
13.1 INSIGHTS FROM INDUSTRY EXPERTS 332
13.2 DISCUSSION GUIDE 333
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 338
13.4 CUSTOMIZATION OPTIONS 340
13.5 RELATED REPORTS 340
13.6 AUTHOR DETAILS 341
