Renewable Synfuels in this report refer to both Biofuel and eFuel. Biofuels are fuels derived from organic sources such as biomass and organic waste. The two most common types of biofuel are bioethanol and biodiesel. Biofuel represent one of the main solutions for quickly and efficiently reducing emissions from mobility in the coming years. Electrofuels, also known as e-fuels, a class of synthetic fuels, are a type of drop-in replacement fuel. They are manufactured using captured carbon dioxide or carbon monoxide, together with hydrogen obtained from water split by sustainable electricity sources such as wind, solar and nuclear power.
According to the new market research report “Renewable Synfuels- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Renewable Synfuels market size is projected to reach USD 373.12 billion by 2030, at a CAGR of 13.4% during the forecast period.
- Global Renewable Synfuels MarketSize(US$ Million), 2019 VS 2023 VS 2030
Source: QYResearch, "Renewable Synfuels- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
The market is anticipated to be driven by the demand for cleaner fuel, coupled with increasing governmental regulations for desulphurization of petroleum products. B Renewable Synfuels are types of fuels that are derived from plants, animal waste, or algae material. Renewable Synfuels are considered renewable fuels as feedstock material utilized can be replenished at a faster rate as compared to conventional fossil fuels. Limited availability of fossil fuel-based resources and growing awareness regarding curbing carbon emissions are some of the factors that are likely to drive the global market.
- Global Renewable Synfuels Top10Players Ranking and Market Share（Continually updated）
Source: QYResearch, "Renewable Synfuels- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Renewable Synfuels include Valero, Neste, ADM, POET, Renewable Energy Group (Chevron), Raízen, Green Plains, Saipol, The Andersons, Verbio, etc. In 2023, the global top five players had a share approximately 34.0% in terms of revenue.
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