Advanced Biofuel Market is estimated to be valued at USD 178.97 Bn in 2025 and is expected to reach USD 2,000.75 Bn by 2032, growing at a compound annual growth rate (CAGR) of 41.18% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 178.97 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
41.18%
2032 Value Projection:
USD 2,000.75 Bn
Advanced biofuel, commonly known as second generation biofuel, is obtained by using organic, municipal, and industrial wastes as feedstock. These low-cost advanced biofuel helps to extend the energy mix and decreases the dependency on conventional fuels globally. Advanced biofuel reduces carbon emission and exhibits commercial possibilities Examples include algae, corn stalks, switchgrass or methane released by microbial activity in landfills. Among many other benefits, algae can be used to create biofuels similar in composition to current transportation fuels., leading to increased demand for its production, in turn driving growth of the global advanced biofuel market.
Market Dynamics
Global advanced biofuel market is expected to be dominated by North America, followed by Europe. This is mainly attributed to increasing R&D activities and supportive government policies in that region. The R&D framework of National Alliance for Advanced Biofuel and Bio-products (NAABB) in U.S. includes algal biology to increase the strain productivity. It has developed an algal transformation pipeline to increase biomass yield and lipid production. However, Asia Pacific is expected to witness highest growth as Asia Pacific was valued at US$ 13.12 Billion in 2022 due to rapidly growing biofuel or advanced biofuel manufacturing industry and increasing awareness towards usage of advanced biofuel in China and India.
Growing market for renewable energy, increasing investments, and encouraging regulations related to environment, fuels the growth of the global advanced biofuel market, Increasing Greenhouse gas (GHG) emissions in the atmosphere has boosted the research interest of the scientists towards the renewable energy. Asia Pacific is expected to witness increasing demand for advanced biofuel across the automotive end-use industry. Stringent government policies related to the change in usage of land and use of renewable sources has compelled manufacturers and researchers to innovate and develop new technology, which can replace fossil fuel.
Market segmentation
This report segments the global advanced biofuel market on the basis of fuel type, raw materials, by Region and process type. On the basis of fuel type, the global advanced biofuel market is segmented into cellulosic ethanol, biodiesel, biobutanol, BioDME, and others. On the basis of raw material, the market is segmented into jatropha, camelina, algae, simple lignocellulose, complex cellulose, and others. On basis of process type, the market is segmented into biochemical process and thermochemical process.
Key features of the study
This report provides in-depth analysis of advanced biofuel and provides market size (USD Bn & Kilo Tons) and Compound Annual Growth Rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year.
It elucidates potential revenue and volume opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global advanced biofuel market on the basis of the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies, and future plans
Key companies covered as a part of this study include Abengoa Bioenergy, A2BE Carbon Capture, LLC, Algenol Biofuel, Chemtex group, Bankchak Petroleum, Clariant Produkte (Deutschland) GmbH, Fiberight LLC, DuPont Industrial Biosciences, Fujian Zhongde Energy Co., Ltd, Inbicon, GranBio, INEOS Bio, POET-DSM Advanced Biofuel LLC, KiOR Inc., ZeaChem Inc., and Sundrop Fuels, Inc
Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
The global advanced biofuel market report caters to various stakeholders in this industry including investors, suppliers, advanced biofuel manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the advanced biofuel market
Market segmentation
Global Advanced Biofuel Market, By Fuel Type
Cellulosic Ethanol
Biodiesel
Biobutanol
BioDME
Others
Global Advanced Biofuel Market, By Raw Material
Jatropha
Camelina
Algae
Simple Lignocellulose
Complex Lignocellulose
Others
Global Advanced Biofuel Market, By Process Type
Biochemical Process
Thermochemical Process
Global Advanced Biofuel Market, By Region
North America
U.S.
Canada
Europe
U.K.
Germany
Italy
France
Russia
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Africa
North Africa
Central Africa
South Africa
Middle East
GCC
Israel
Rest of Middle East
Company Profiles
Abengoa Bioenergy
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
A2BE Carbon Capture, LLC
Algenol Biofuel
Chemtex group
Bankchak Petroleum
Clariant Produkte (Deutschland) GmbH
Fiberight LLC
DuPont Industrial Biosciences
Fujian Zhongde Energy Co., Ltd
Inbicon
GranBio
INEOS Bio
POET-DSM Advanced Biofuel LLC
KiOR Inc.
ZeaChem Inc.
Sundrop Fuels, Inc.
Table of Contents
1. Research Objective and Assumption
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Fuel Type
Market Snippet, By Raw Material
Market Snippet, By Process Type
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Supply Side Drivers
Demand Side Drivers
Economic Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Epidemiology/Prevalence/Incidence
Merger and Acquisitions
New Product Approvals/Launch
Promotion and Marketing Initiatives
Cost Tier Down Analysis
4. Global Advanced Biofuel Market, By Fuel Type, 2020-2032, (USD Bn & Kilo Tons)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Cellulosic Ethanol
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & Kilo Tons)
Biodiesel
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & Kilo Tons)
Biobutanol
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & Kilo Tons)
BioDME
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & Kilo Tons)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & Kilo Tons)
5. Global Advanced Biofuel Market, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Jatropha
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & Kilo Tons)
Camelina
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & Kilo Tons)
Algae
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & Kilo Tons)
Simple Lignocellulose
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & Kilo Tons)
Complex Lignocellulose
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & Kilo Tons)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & Kilo Tons)
6. Global Advanced Biofuel Market, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
Introduction
Market Share Analysis, 2025 and 2028 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Biochemical Process
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & Kilo Tons)
Thermochemical Process
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & Kilo Tons)
7. Global Advanced Biofuel Market, By Region, 2020 - 2032, (USD Bn & Kilo Tons)
Introduction
Market Share Analysis, By Region, 2025 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
North America
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2021 - 2032
U.S.
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
Canada
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
Europe
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2021 - 2032
U.K.
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
Germany
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
Italy
Country Trends
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
France
Country Trends
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
Russia
Country Trends
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
Rest of Europe
Country Trends
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
Asia Pacific
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2021 - 2032
China
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
India
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
Japan
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
ASEAN
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
Australia
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
South Korea
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
Rest of Asia Pacific
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
Latin America
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2021 - 2032
Brazil
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
Mexico
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
Rest of Latin America
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
Africa
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2021 - 2032
North Africa
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
Central Africa
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
South Africa
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
Middle East
Market Share Analysis, By Country/Region, 2025 and 2032 (%)
Y-o-Y Growth Analysis, By Country/Region, 2021 - 2032
GCC
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
Israel
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)
Rest of Middle East
Country Trends
Market Size and Forecast, By Fuel Type, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Raw Material, 2020 - 2032, (USD Bn & Kilo Tons)
Market Size and Forecast, By Process Type, 2020 - 2032, (USD Bn & Kilo Tons)