US liquid biofuels market to reach $55.14 billion by 2035, research finds
In the United Arab Emirates, FactMR reported that the United States liquid biofuels market is projected to grow from a valuation of $ 36.20 billion in 2025 to $ 55.14 billion by the end of 2035.
This rapid expansion, representing a compound annual growth rate (CAGR) of 4.3%, is fueled by aggressive decarbonization targets and the integration of biofuels into hard-to-abate transportation sectors, according to the research firm.
“The United States liquid biofuels market exhibits significant momentum throughout the decadal forecast. From a 2025 base of $ 36.76 billion, the market is expected to climb to $ 41.00 billion by 2028. Continued acceleration will see the valuation reach $ 49.30 billion by 2030 and $ 55.40 billion in 2031,” the firm said.
“Expansion is driven by favorable federal policies, including the Renewable Fuel Standard (RFS) and the Inflation Reduction Act (IRA), which provides billions in production investments. Additionally, the shift toward second and third-generation biofuels from waste and algae is unlocking new supply chains to meet rising demand for Sustainable Aviation Fuel (SAF) and low-carbon transport,” the firm added.
Category: Fuels
