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.
Download
sample by clicking on carbon neutral
fuel market.
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.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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