Mexico Bioenergy Market Report and Forecast 2024-2032

Mexico Bioenergy Market Size

The Mexico bioenergy market reached around 311.02 PJ in 2023. The market is projected to grow at a CAGR of 2.9% between 2024 and 2032, reaching almost 405.41 PJ by 2032.

Mexico Bioenergy Market Outlook

• Biofuels are expected to play a critical role in the global transition towards clean energy.

• Mexico has huge potential biogas generation, driven by increasing cross-border investments into the construction of new facilities.

• Yucatan Peninsula is expected to become one of the key regions for bioenergy generation over the forecast period.

Mexico Bioenergy Market Growth

Hydrogen and biofuels are expected to play a key role in decarbonising the aviation and the maritime transportation sector, constituting nearly 10% of the world’s consumption by 2030.

Seaweeds are expected to drive biogas generation in Mexico on a large scale. Major energy companies like the Nopalimex are planning to expand their sargassum processing capabilities to enhance biogas and biofertiliser production and decarbonise the transportation sector.

As per the Mexican Association of Biomass and Biogas (AMBB), Mexico generates 587,000 tons of biomass every day, which can either be transformed into 7,000 MW of electricity in key production regions or generate 7 million m3 of biogas each day, which can fuel hydrogen production in the country.

Mexico annually generates 140 MMT of solid wastes, while it produces 62 MT of carbon dioxide emissions daily. This can become a significant source of biogas energy, with increasing investments and rapid infrastructure development.

Mexico Bioenergy Industry Segmentation

Mexico Bioenergy Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Solid Biomass 

• Biogas

• Renewable Waste

• Others

Market Breakup by Technology

• Gasification

• Fast Pyrolysis

• Fermentation

• Others

Market Breakup by Region

• Baja California

• Northern Mexico

• The Bajio

• Central Mexico

• Pacific Coast

• Yucatan Peninsula

Mexico Bioenergy Market Share

Based on technology, the market is divided into gasification, fast pyrolysis, and fermentation, among others. Over the forecast period, fermentation is expected to become the most popular technology for generating energy from biomass as it provides a high degree of conversion efficiency and can be used to make a wide variety of bioproducts.

Leading Companies in the Mexico Bioenergy Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.

• TotalEnergies S.A.

• Fulcrum BioEnergy, Inc.

• Rio Valley Biofuels, LLC

• Novonesis

• Others

Major market players are boosting their investments in the construction of biodigester plants to boost their biogas production capabilities.

Key Highlights of the Report