E-Fuel Market is segmented By Product (E-diesel, E-gasoline, Ethanol, Hydrogen, E-kerosene, E-methane, E-methanol), By Production Method (Power-to-liq....
Market Size in USD
CAGR17.8%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 17.8% |
Market Concentration | Medium |
Major Players | Archer Daniels Midland Co., Ballard Power Systems, Inc., Ceres Power Holding Plc, Clean Fuels Alliance America, Climeworks AG |
The e-fuel market is estimated to be valued at USD 147.37 Bn in 2024 and is expected to reach USD 463.95 Bn by 2031, growing at a compound annual growth rate (CAGR) of 17.8% from 2024 to 2031. The e-fuel market is driven by the need to decarbonize the transportation sector and achieve sustainability targets set by governments and international bodies.