Lucintel Forecasts the Global Carbon Neutral Fuel Market to Reach $124 Billion by 2030
Lucintel Forecasts the Global Carbon Neutral Fuel Market to Reach $124 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global carbon neutral fuel market looks promising with opportunities in the automobile, ship, aircraft, train, power generation, and chemical markets. The global carbon neutral fuel market is expected to reach an estimated $124 billion by 2030 from $83 billion in 2024 at a CAGR of 7% from 2024 to 2030. The major drivers for this market are growing concerns over climate change and greenhouse gas emissions, rising demand for fuel-efficient vehicles, and escalating investment in renewable energy.
A more than 150-page report to understand trends, opportunity and forecast in global carbon neutral fuel market to 2030 by feedstock (carbon dioxide, hydrogen, plant starches, animal fat, vegetable oil, and others), type (hydrogen cell, biodiesel, bioethanol, buiobutanol, methanol, algae, and others), application (automobiles, ships, aircrafts, trains, power generation, chemicals, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that bioethanol will remain the largest segment over the forecast period due to its substantial usage in road vehicles to replace gasoline.
Within this market, automobile is expected to witness the highest growth due to increasing usage of carbon neutral fuel in various applications, such as cars, trucks, and tractors.
North America is expected to witness the highest growth over the forecast period due to growing acceptance of sustainability and renewable energy, as well as rising stringent regulations for effective waste management in the region.
Carbon Engineering, Mitsui Kinzoku, Umcor, Nanoshell, American Element, Pometon Powder, ADM are the major suppliers in the carbon neutral fuel market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056