From GlobeNewswire: 2024-06-27 09:30:00

The global Sustainable Fuel Market is projected to grow from USD 193.8 billion in 2024 to USD 299.9 billion by 2029, boasting a CAGR of 9.1%. Stronger environmental regulations worldwide are driving the demand for sustainable fuels, with governments enforcing blending regulations and consumers opting for eco-friendly options. E-fuels are expected to be the fastest-growing segment, appealing to investors and businesses looking to reduce their carbon footprints.

Low Carbon Fossil Fuels are forecasted to be the fastest-growing segment, driven by increasing consumer and industrial demand for sustainable energy options. Supportive government policies and significant investments are propelling growth in this segment. Asia Pacific is set to be the fastest-growing region, with governments enacting policies to boost the use of sustainable aviation fuels, encouraging market expansion.

Key players in the Sustainable Fuel Market include ADM, Shell plc, Siemens Energy AG, Saudi Arabian Oil Co., and Chevron Corporation, among others. These players are employing various strategies such as new product launches, acquisitions, partnerships, and expansions to drive growth in the market. The industry is poised for significant growth as environmental concerns continue to rise and sustainable practices become a priority for businesses and consumers.



Read more at GlobeNewswire: Sustainable Fuel Market Size to Hit $299.9 Billion by 2029