The Bio-LNG Market: Trends, Opportunities, and Growth Forecast 2024-2030
The global bio-LNG market size is expected to reach USD 19.78 billion by 2030, registering a CAGR of 41.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. As concerns about climate change and air pollution continue to mount, there is a growing demand for clean and sustainable energy sources. Bio-LNG is considered a low-carbon fuel that can reduce greenhouse gas emissions by up to 90% compared to traditional fossil fuels. This has increased interest in the adoption of Bio-LNG. The transportation fuel segment is expected to witness substantial growth over the next few years, due to the growing demand from the shipping industry. Shipping companies around the world are looking for alternative fuels to reduce their greenhouse gas emissions and are investing in technologies such as Bio-LNG fueled vessels. This is expected to advance the market during the forecast period. Organic household waste is one of the significant sources of feedstock fo...