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PUBLISHER: Grand View Research | PRODUCT CODE: 1870040
PUBLISHER: Grand View Research | PRODUCT CODE: 1870040
Carbon-neutral Fuels Market Size, Share & Trends Analysis Report By Type (Biofuels, E-fuels, Green Hydrogen), By Application, By Region, And Segment Forecasts, 2025 - 2033
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PAGES: 110 Pages
DELIVERY TIME: 2-10 business days
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Carbon-neutral Fuels Market Summary
The global carbon-neutral fuels market size was estimated at USD 98.67 billion in 2024 and is projected to reach USD 184.36 billion by 2033, growing at a CAGR of 7.2% from 2025 to 2033. The global transition toward low-carbon energy alternatives and stricter environmental regulations across developed economies continues to serve as a significant growth driver for the carbon-neutral fuels sector.
Over the past few years, the transportation, industrial, and power generation sectors have increasingly adopted carbon-neutral fuels to reduce greenhouse gas (GHG) emissions, driving steady market expansion. Biofuels, e-fuels, and green hydrogen have emerged as dominant contributors, reflecting the broader push toward sustainable energy sources and the decarbonization of traditional fuel systems.
In the United States, market growth is supported by federal and state-level incentives, including subsidies for sustainable aviation fuels (SAF) and biofuel blending mandates. The growing adoption of biofuels in transportation and industrial applications is further reinforced by abundant renewable feedstock, particularly biomass and waste-derived fuels. The country's energy transition is accelerating as natural gas and carbon-neutral alternatives increasingly replace conventional fossil fuels, while rising fuel prices and corporate sustainability targets create additional demand. These factors, combined with ongoing investment in R&D for e-fuels and green hydrogen, are expected to sustain strong market momentum throughout the forecast period.
Europe represents a key market for carbon-neutral fuels, with Germany at the forefront due to its aggressive decarbonization policies and renewable energy infrastructure. Investments in sustainable aviation fuel production, advanced biofuels, and hydrogen technologies have been instrumental in accelerating market growth. As the country continues to reduce dependence on imported fossil fuels, it is expected to drive significant regional demand for carbon-neutral fuels. The broader adoption of e-fuels and green hydrogen across European transportation and industrial sectors will further reinforce the region's contribution to the global market.
Global Carbon-neutral Fuels Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global carbon-neutral fuels market report based on the type, application, and region:
- Type Outlook (Revenue, USD Billion, 2021 - 2033)
- Biofuels
- E-fuels
- Green Hydrogen
- Other Alternative Fuels
- Application Outlook (Revenue, USD Billion, 2021 - 2033)
- Transportation
- Power Generation
- Industrial Use
- Residential & Commercial
- Regional Outlook (Revenue, USD Billion, 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Brazil
- Middle East & Africa
- Saudi Arabia
- UAE
Product Code: GVR-4-68040-766-2
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.4.1. Standards & Compliance
- 3.4.2. Regulatory Impact Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunities
- 3.5.4. Market Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Carbon-Neutral Fuels Market: Type Estimates & Trend Analysis
- 4.1. Carbon-Neutral Fuels Market: Type Movement Analysis, 2024 & 2033
- 4.2. Biofuels
- 4.2.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 4.3. E-fuels
- 4.3.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 4.4. Green Hydrogen
- 4.4.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 4.5. Other Alternative Fuels
- 4.5.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
Chapter 5. Carbon-Neutral Fuels Market: Application Estimates & Trend Analysis
- 5.1. Carbon-Neutral Fuels Market: Application Movement Analysis, 2024 & 2033
- 5.2. Transportation
- 5.2.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 5.3. Power Generation
- 5.3.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 5.4. Industrial Use
- 5.4.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 5.5. Residential & Commercial
- 5.5.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
Chapter 6. Carbon-Neutral Fuels Market: Regional Estimates & Trend Analysis
- 6.1. Regional Analysis, 2024 & 2033
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 6.2.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion)
- 6.2.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Billion)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 6.2.4.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion)
- 6.2.4.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Billion)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 6.2.5.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion)
- 6.2.5.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Billion)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 6.2.6.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion)
- 6.2.6.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Billion)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 6.3.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion)
- 6.3.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Billion)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 6.3.4.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion)
- 6.3.4.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Billion)
- 6.3.5. UK
- 6.3.5.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 6.3.5.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion)
- 6.3.5.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Billion)
- 6.3.6. France
- 6.3.6.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 6.3.6.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion)
- 6.3.6.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Billion)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 6.4.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion)
- 6.4.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Billion)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 6.4.4.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion)
- 6.4.4.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Billion)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 6.4.5.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion)
- 6.4.5.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Billion)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 6.4.6.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion)
- 6.4.6.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Billion)
- 6.4.7. South Korea
- 6.4.7.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 6.4.7.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion)
- 6.4.7.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Billion)
- 6.5. Latin America
- 6.5.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 6.5.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion)
- 6.5.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Billion)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 6.5.4.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion)
- 6.5.4.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Billion)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 6.6.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion)
- 6.6.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Billion)
- 6.6.4. Saudi Arabia
- 6.6.4.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 6.6.4.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion)
- 6.6.4.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Billion)
- 6.6.5. UAE
- 6.6.5.1. Market estimates and forecasts, 2021 - 2033 (USD Billion)
- 6.6.5.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion)
- 6.6.5.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Billion)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments: By Key Market Participants
- 7.2. Company Categorization
- 7.3. List of Key Component Suppliers & Channel Partners
- 7.4. Company Market Share & Positioning Analysis, 2024
- 7.5. Heat Map Analysis
- 7.6. Vendor Landscape
- 7.6.1. List of Raw Material Suppliers
- 7.6.2. List of Distributors/Traders
- 7.6.3. List of Other Prominent Manufacturers
- 7.7. List of Prospective End Users
- 7.8. Strategy Mapping
- 7.9. Company Profiles/Listing
- 7.9.1. Archer Daniels Midland Company (ADM)
- 7.9.1.1. Company Overview
- 7.9.1.2. Financial Performance
- 7.9.1.3. Product Benchmarking
- 7.9.2. Chevron Corporation
- 7.9.2.1. Company Overview
- 7.9.2.2. Financial Performance
- 7.9.2.3. Product Benchmarking
- 7.9.3. TotalEnergies S.E.
- 7.9.3.1. Company Overview
- 7.9.3.2. Financial Performance
- 7.9.3.3. Product Benchmarking
- 7.9.4. ExxonMobil Corporation
- 7.9.4.1. Company Overview
- 7.9.4.2. Financial Performance
- 7.9.4.3. Product Benchmarking
- 7.9.5. Shell plc
- 7.9.5.1. Company Overview
- 7.9.5.2. Financial Performance
- 7.9.5.3. Product Benchmarking
- 7.9.6. BP plc
- 7.9.6.1. Company Overview
- 7.9.6.2. Financial Performance
- 7.9.6.3. Product Benchmarking
- 7.9.7. Neste Corporation
- 7.9.7.1. Company Overview
- 7.9.7.2. Financial Performance
- 7.9.7.3. Product Benchmarking
- 7.9.8. Raizen
- 7.9.8.1. Company Overview
- 7.9.8.2. Financial Performance
- 7.9.8.3. Product Benchmarking
- 7.9.9. LanzaTech
- 7.9.9.1. Company Overview
- 7.9.9.2. Financial Performance
- 7.9.9.3. Product Benchmarking
- 7.9.10. Praj Industries
- 7.9.10.1. Company Overview
- 7.9.10.2. Financial Performance
- 7.9.10.3. Product Benchmarking
- 7.9.1. Archer Daniels Midland Company (ADM)
Product Code: GVR-4-68040-766-2
List of Tables
- Table 1 Carbon-Neutral Fuels market estimates & forecasts, 2021 - 2033 (USD Billion)
- Table 2 Biofuels market estimates & forecasts, 2021 - 2033 (USD Billion)
- Table 3 E-fuels market estimates & forecasts, 2021 - 2033 (USD Billion)
- Table 4 Green Hydrogen market estimates & forecasts, 2021 - 2033 (USD Billion)
- Table 5 Other Alternative Fuels market estimates & forecasts, 2021 - 2033 (USD Billion)
- Table 6 Carbon-Neutral Fuels market estimates & forecasts, in Transportation, 2021 - 2033 (USD Billion)
- Table 7 Carbon-Neutral Fuels market estimates & forecasts, in Power Generation, 2021 - 2033 (USD Billion)
- Table 8 Carbon-Neutral Fuels market estimates & forecasts, in Industrial Use, 2021 - 2033 (USD Billion)
- Table 9 Carbon-Neutral Fuels market estimates & forecasts, in Residential & Commercial, 2021 - 2033 (USD Billion)
- Table 10 North America Carbon-Neutral Fuels market estimates & forecast, 2021 - 2033 (USD Billion)
- Table 11 North America Carbon-Neutral Fuels market estimates & forecasts by type, 2021 - 2033 (USD Billion)
- Table 12 North America Carbon-Neutral Fuels market estimates & forecasts by application, 2021 - 2033 (USD Billion)
- Table 13 U.S. Carbon-Neutral Fuels market estimates & forecasts, 2021 - 2033 (USD Billion)
- Table 14 U.S. Carbon-Neutral Fuels market estimates & forecasts by type, 2021 - 2033 (USD Billion)
- Table 15 U.S. Carbon-Neutral Fuels market estimates & forecasts by application, 2021 - 2033 (USD Billion)
- Table 16 Canada Carbon-Neutral Fuels market estimates & forecasts, 2021 - 2033 (USD Billion)
- Table 17 Canada Carbon-Neutral Fuels market estimates & forecasts by type, 2021 - 2033 (USD Billion)
- Table 18 Canada Carbon-Neutral Fuels market estimates & forecasts by application, 2021 - 2033 (USD Billion)
- Table 19 Mexico Carbon-Neutral Fuels market estimates & forecasts, 2021 - 2033 (USD Billion)
- Table 20 Mexico Carbon-Neutral Fuels market estimates & forecasts by type, 2021 - 2033 (USD Billion)
- Table 21 Mexico Carbon-Neutral Fuels market estimates & forecasts by application, 2021 - 2033 (USD Billion)
- Table 22 Europe Carbon-Neutral Fuels market estimates & forecasts, 2021 - 2033 (USD Billion)
- Table 23 Europe Carbon-Neutral Fuels market estimates & forecasts by type, 2021 - 2033 (USD Billion)
- Table 24 Europe Carbon-Neutral Fuels market estimates & forecasts by application, 2021 - 2033 (USD Billion)
- Table 25 Germany Carbon-Neutral Fuels market estimates & forecasts, 2021 - 2033 (USD Billion)
- Table 26 Germany Carbon-Neutral Fuels market estimates & forecasts by type, 2021 - 2033 (USD Billion)
- Table 27 Germany Carbon-Neutral Fuels market estimates & forecasts by application, 2021 - 2033 (USD Billion)
- Table 28 France Carbon-Neutral Fuels market estimates & forecasts, 2021 - 2033 (USD Billion)
- Table 29 France Carbon-Neutral Fuels market estimates & forecasts by type, 2021 - 2033 (USD Billion)
- Table 30 France Carbon-Neutral Fuels market estimates & forecasts by application, 2021 - 2033 (USD Billion)
- Table 31 UK Carbon-Neutral Fuels market estimates & forecast, 2021 - 2033 (USD Billion)
- Table 32 UK Carbon-Neutral Fuels market estimates & forecasts by type, 2021 - 2033 (USD Billion)
- Table 33 UK Carbon-Neutral Fuels market estimates & forecasts by application, 2021 - 2033 (USD Billion)
- Table 34 Asia Pacific Carbon-Neutral Fuels market estimates & forecast, 2021 - 2033 (USD Billion)
- Table 35 Asia Pacific Carbon-Neutral Fuels market estimates & forecasts by type, 2021 - 2033 (USD Billion)
- Table 36 Asia Pacific Carbon-Neutral Fuels market estimates & forecasts by application, 2021 - 2033 (USD Billion)
- Table 37 China Carbon-Neutral Fuels market estimates & forecast, 2021 - 2033 (USD Billion)
- Table 38 China Carbon-Neutral Fuels market estimates & forecasts by type, 2021 - 2033 (USD Billion)
- Table 39 China Carbon-Neutral Fuels market estimates & forecasts by application, 2021 - 2033 (USD Billion)
- Table 40 Japan Carbon-Neutral Fuels market estimates & forecast, 2021 - 2033 (USD Billion)
- Table 41 Japan Carbon-Neutral Fuels market estimates & forecasts by type, 2021 - 2033 (USD Billion)
- Table 42 Japan Carbon-Neutral Fuels market estimates & forecasts by application, 2021 - 2033 (USD Billion)
- Table 43 South Korea Carbon-Neutral Fuels market estimates & forecast, 2021 - 2033 (USD Billion)
- Table 44 South Korea Carbon-Neutral Fuels market estimates & forecasts by type, 2021 - 2033 (USD Billion)
- Table 45 South Korea Carbon-Neutral Fuels market estimates & forecasts by application, 2021 - 2033 (USD Billion)
- Table 46 India Carbon-Neutral Fuels market estimates & forecast, 2021 - 2033 (USD Billion)
- Table 47 India Carbon-Neutral Fuels market estimates & forecasts by type, 2021 - 2033 (USD Billion)
- Table 48 India Carbon-Neutral Fuels market estimates & forecasts by application, 2021 - 2033 (USD Billion)
- Table 49 Latin America Carbon-Neutral Fuels market estimates & forecasts, 2021 - 2033 (USD Billion)
- Table 50 Latin America Carbon-Neutral Fuels market estimates & forecasts by type, 2021 - 2033 (USD Billion)
- Table 51 Latin America Carbon-Neutral Fuels market estimates & forecasts by application, 2021 - 2033 (USD Billion)
- Table 52 Brazil Carbon-Neutral Fuels market estimates & forecasts, 2021 - 2033 (USD Billion)
- Table 53 Brazil Carbon-Neutral Fuels market estimates & forecasts by type, 2021 - 2033 (USD Billion)
- Table 54 Brazil Carbon-Neutral Fuels market estimates & forecasts by application, 2021 - 2033 (USD Billion)
- Table 55 Middle East & Africa Carbon-Neutral Fuels market estimates & forecast, 2021 - 2033 (USD Billion)
- Table 56 Middle East & Africa Carbon-Neutral Fuels market estimates & forecasts by type, 2021 - 2033 (USD Billion)
- Table 57 Middle East & Africa Carbon-Neutral Fuels market estimates & forecasts by application, 2021 - 2033 (USD Billion)
- Table 58 Saudi Arabia Carbon-Neutral Fuels market estimates & forecasts, 2021 - 2033 (USD Billion)
- Table 59 Saudi Arabia Carbon-Neutral Fuels market estimates & forecasts by type, 2021 - 2033 (USD Billion)
- Table 60 Saudi Arabia Carbon-Neutral Fuels market estimates & forecasts by application, 2021 - 2033 (USD Billion)
- Table 61 UAE Carbon-Neutral Fuels market estimates & forecast, 2021 - 2033 (USD Billion)
- Table 62 UAE Carbon-Neutral Fuels market estimates & forecasts by type, 2021 - 2033 (USD Billion)
- Table 63 UAE Carbon-Neutral Fuels market estimates & forecasts by application, 2021 - 2033 (USD Billion)
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 Market snapshot
- Fig. 7 Segmental outlook - Type & Application
- Fig. 8 Competitive Outlook
- Fig. 9 Carbon-Neutral Fuels market outlook, 2021 - 2033 (USD Billion)
- Fig. 10 Value chain analysis
- Fig. 11 Market dynamics
- Fig. 12 Porter's Analysis
- Fig. 13 PESTEL Analysis
- Fig. 14 Carbon-Neutral Fuels market, by type: Key takeaways
- Fig. 15 Carbon-Neutral Fuels market, by type: Market share, 2024 & 2033
- Fig. 16 Carbon-Neutral Fuels market, by application: Key takeaways
- Fig. 17 Carbon-Neutral Fuels market, by application: Market share, 2024 & 2033
- Fig. 18 Carbon-Neutral Fuels market: Regional analysis, 2024 & 2033
- Fig. 19 Carbon-Neutral Fuels market, by region: Key takeaways
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