The synthetic fuel market is estimated to be valued at US$ 5.60 billion in 2023 and is expected to exhibit a CAGR of 19.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
 

Market Overview:

The synthetic fuel market comprises fuels that are derived from renewable energy sources such as biomass, waste, and carbon dioxide. These fuels are produced ... Read more

Synthetic fuels are liquid or gaseous fuels that are produced through chemical or thermal processes rather than being extracted from fossil fuels such as oil, natural gas or coal. Synthetic fuels are an alternative, non-petroleum based fuel that can power vehicles, aircraft and electricity generators. They offer certain advantages over fossil fuels including price stability, energy security and reduced greenhouse gas emissions. The global synthetic fuel market is expanding rapidly due to ... Read more