Biofuels Market: Segments, Opportunity, Growth and Forecast By End-use Industry 2015-2020
Biofuel is a hydrocarbon that has been derived from agricultural biomass, plant and animal waste or from metabolic by-products. This report provides detailed analysis and forecast of the biofuel market on a global and regional level.
Biofuel is a hydrocarbon that has been derived from agricultural biomass, plant and animal waste or from metabolic by-products. This report provides detailed analysis and forecast of the biofuel market on a global and regional level.
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<strong>Biofuels</strong> <strong>Market</strong><br />
Biofuel is a hydrocarbon that has been derived from agricultural biomass, plant <strong>and</strong> animal<br />
waste or from metabolic by-products. Biofuel is mainly available in two types such as bioethenol<br />
<strong>and</strong> biodiesel, which are primarily <strong>use</strong>d in automotive, marine <strong>and</strong> railway. Bioethanol is <strong>use</strong>d as<br />
a replacement for petrol <strong>and</strong> biodiesel is <strong>use</strong>d as a replacement for diesel. Use of biofuel can<br />
reduce carbon emission by 80%. Biofuel is basically extracted from the photosynthesis process<br />
<strong>and</strong> can therefore often be referred to as a source of solar energy.<br />
Browse the full report at: http://www.syndicatemarketresearch.com/marketanalysis/biofuels-market.html<br />
Biofuel market has witnessed significant growth in recent years on account of rising<br />
environmental awareness <strong>and</strong> strong dem<strong>and</strong> from automotive sector. Stringent government<br />
regulations resulted into growing dem<strong>and</strong> for biofuel. This is anticipated to boost the dem<strong>and</strong> for<br />
bioethanol. Biofuel market is classified based on different forms of biofuel such as liquid<br />
(biodiesel <strong>and</strong> bioethanol), solid (biocoal, fuel pellets, <strong>and</strong> biochar), <strong>and</strong> gaseous (syngas,<br />
biogas, <strong>and</strong> biopropane). Biodiesel was the largest product segment followed by bioethanol.<br />
Moreover, Advancement in technology expected to propel the biofuel market over the forecast<br />
period.<br />
Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin<br />
America, <strong>and</strong> Middle East & Africa, further bifurcation of region on the country level, which<br />
include U.S., Germany, UK, France, China, Japan <strong>and</strong> India. North America has witnessed strong<br />
biofuels dem<strong>and</strong> over the recent past years on account of stringent government policies <strong>and</strong><br />
sales@Syndicate<strong>Market</strong>Research.com
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