Latin America Biofuels Market Growth Drivers and Opportunities
Latin America Biofuels Market Share Biofuels’ slice of the region’s broader energy and transportation fuel markets.
Latin America holds a substantial share of the global biofuels market, with a significant concentration of production and consumption. Brazil is the undisputed leader in the region and a global heavyweight in ethanol production, primarily from sugarcane. Argentina holds a dominant share in the biodiesel segment, leveraging its vast soybean production.
This regional leadership is supported by a long history of biofuel use and well-established policies. While other countries in the region are also growing their biofuel industries, Brazil and Argentina's combined output gives Latin America a commanding market share in both ethanol and biodiesel.