According to Cognitive Market Research, The Global Bio-Oil market size is USD 300 million in 2023 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2023 to 2030.
The demand for Bio Oils is rising due to advancements in extraction technologies and expanding applications across industries.
Demand for biodiesel remains higher in the Bio-Oil market.
The agricultural residues held the highest Bio-Oil market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific Bio-Oil market will experience the strongest growth until 2030.
