Albany - NY, Sept. 22, 2016 (GLOBE NEWSWIRE) -- Across the world, there has been an unprecedented interest in biofuels over the past decade. The main reason for this is the volatility in crude oil prices, which is affecting the economic condition of many countries that do not have significant oil and gas reserves to support their growing economy. High dependence on non-renewable fuels has created economic as well as environmental concerns, such as rising greenhouse gas emissions. Several developing and developed economies have implemented regulatory reforms, blending targets, and statutory norms while using biofuels to offset the growing environmental risks associated with conventional fuels.
Technavios analysts forecast the global biofuels market to grow at a CAGR of 5.87% during the period 2016-2020.
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The report covers the present scenario and the growth prospects of the global biofuels market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors operating in the market.
The market is divided into the following segments based on geography:
Latest report, Global Biofuels Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
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Market driver
Market challenge
Market trend
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