In India, Precendence Research reported that the global advanced biofuels market revenue reached $87.98 billion in 2024 and is predicted to attain around $1443.4 billion by 2033 with a CAGR of 34.85%.The advanced biofuel market is propelled by renewable energy requirements, government support, technological developments, and accessible, sustainable resources such as algae and lignocellulosic biomass, according to the research firm.
“North America’s advanced biofuels market accounted for the largest revenue share in 2024 due to supportive government regulations, solid transportation networks, and substantial financing. The largest aviation market globally and its prominent use of fossil fuel-based transportation in the region have made sustainability a main priority for this region. North America’s market expansion continues to strengthen due to growing market interest in SAF and cellulosic biofuels,” Precedence Resarch stated.
“Asia Pacific is anticipated to host the fastest-growing advanced biofuels market. Population growth creates increased demand for advanced biofuels because the transportation sector continues expanding immensely. Government laws designed for better fuel efficiency and emission reduction have forced industries to choose cleaner energy alternatives. The region shows improvement as China, India, and Indonesia support second-generation biofuels, waste-to-energy projects, and sustainable aviation fuel,”
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