carbon neutral fuels market size Business Strategies and Forecast to 2027
Regional Overview In 2018, North America accounted for the highest part of the worldwide carbon-neutral fuels market, with a considerable CAGR projected by 2025. The rising aerospace and defence industries in the United States is credited with the increase. The aerospace and defence business in the United States generated roughly USD 865 billion in revenue in 2017. Increased regulations imposed by the US Environmental Protection Agency to minimise carbon emissions caused by the transportation industry are also assisting the region's market growth. Increased rules to reduce pollutants from the maritime and aviation industries are also predicted to boost the European market's growth. Annually, marine transportation emits roughly 940 million tonnes of CO2. As a result, with the expansion of the region's key end-use sectors, demand for carbon-neutral fuels is expected to rise significantly. Due to the rise of major end-use sectors such as marine, automotive, and aerospace and