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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Europe BioLPG Market Size
The Europe bioLPG market reached around 391.05 KMT in 2023. The market is estimated to grow at a CAGR of 19.8% during 2024-2032 to reach a volume of 1,879.12 KMT by 2032.
Key Takeaways
- The European Union (EU) has a 2030 target of a 55% net reduction in greenhouse gas emissions, which is driving the adoption of green alternatives like BioLPG.
- The EU Commission has published a REPowerEU plan to reduce dependency of Russian fossil fuel by 2030 and cut gas imports.
- The EU has set forth an ambitious proposal to significantly increase the presence of Solid Aviation Fuel (SAF) in aviation fuel sales. The aim is to raise it from 2% in 2025 to over 70% by 2050.
BioLPG serves as a green substitute for fossil-fuel-based LPG, aiding the decarbonisation of transportation, residential, industrial, and petrochemical sectors. BioLPG is presently manufactured in France, Italy, Spain, Sweden, and the Netherlands.
Due to its identical chemical composition to conventional LPG, bioLPG possesses the ability to be stored, blended, and utilised just like traditional LPG. It acts as an efficient drop-in replacement for existing LPG applications, such as transportation fuel, which is leading to the Europe bioLPG market expansion.
Strategic bioLPG supply partnerships in Europe aimed at decarbonising the economy aid the availability of bioLPG across the region.
The shifting economic landscape in the UK and EU towards biofuels and sustainable aviation fuels is propelling HVO-based pathways to the forefront as a key market driver for bioLPG production.
Table: Strategic Alliances in the Europe BioLPG Market
| Date | Description |
| November 2022 | Friedrich Scharr KG, a German multi-energy fuel distribution group entered a Research Funding and Collaboration Agreement with BioLPG LLC to develop renewable LPG (bioLPG) technology. The collaboration aims to develop the GTI Energy renewables-sourced, green LPG (“bioLPG”) Cool LPG technology and for preparation of bioLPG production at scale within the next few years. |
| October 2022 | Green LG Energy and BioLPG LLC entered into a significant agreement to increase funding for the development of renewable bioLPG technology, aiming to contribute to the decarbonization of LPG sourcing in Italy and Europe. The collaboration underscores their commitment to producing affordable and green bioLPG at scale to meet energy demands while aligning with global emissions reduction targets. |
| February 2021 | UGI International established an exclusive partnership with Ekobenz, a bioLPG producer, giving UGI exclusive rights to Ekobenz's bioLPG supply in Europe. This collaboration enhances UGI International's sustainable fuels portfolio, aligning with its decarbonization strategy and commitment to the Paris Agreement's net-zero global economy goals while addressing customers' carbon reduction needs. |
Europe BioLPG Market Report Snapshots
Europe BioLPG Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The Europe bioLPG market attained a volume of 391.05 KMT in 2023.
The market is estimated to grow at a CAGR of 19.8% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 1,879.12 KMT by 2032.
The key drivers of the bioLPG market are the increasing refinery conversions and greenfield biofuels projects, increasing research and development activities, rising environmental consciousness and depletion of natural resources, and growing energy demands.
The key trends guiding the growth of the market include rapid advancements in technology and stringent government measures to achieve decarbonisation goals.
The major regional markets are France, Germany, Italy, Spain, Sweden, the United Kingdom, the Netherlands, and Belgium, among others.
The different applications include industrial, transport, household, HoReCa, offices, and others.
The key players in the market include Neste Oyj, TotalEnergies, Ekobenz Sp.z.o.o, Galp Energia, SGPS, S.A., Compañía Española de Petróleos, S.A. (CEPSA), and ENI Spa, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124