Global Biofuel-Market Research Report-Sample Pages
Major driving factor for the growth of biofuels market is the environmental concerns that are causing the limitation over the use of non-renewable fuels such as petrol and diesel. According to Goldstein Research, Biofuel Industry is expected to reach more than USD 246.52 billion by 2024 from USD 168.18billion in 2016, growing at a compounded annual growth rate of 4.92% over the forecast period 2016-2024
Major driving factor for the growth of biofuels market is the environmental concerns that are causing the limitation over the use of non-renewable fuels such as petrol and diesel. According to Goldstein Research, Biofuel Industry is expected to reach more than USD 246.52 billion by 2024 from USD 168.18billion in 2016, growing at a compounded annual growth rate of 4.92% over the forecast period 2016-2024
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6.1.1. <strong>Global</strong> Bioethanol <strong>Market</strong>, 2016-2024<br />
Fig:- 6-4 <strong>Global</strong> Bioethanol <strong>Market</strong> Size (USD Billion)-2016-2024<br />
Fig:- 6-5 <strong>Global</strong> Bioethanol <strong>Market</strong> Y-O-Y Growth (%) Analysis-2016-2024<br />
XX<br />
XX<br />
XX<br />
XX<br />
XX<br />
XX<br />
XX<br />
XX<br />
XX<br />
XX<br />
XX<br />
XX<br />
XX<br />
XX<br />
XX<br />
XX<br />
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024<br />
Source: Goldstein <strong>Research</strong><br />
•<strong>Global</strong> Bioethanol market was USD XX billion in 2016,<br />
expected to attain the growth rate of XX% over the<br />
forecast period and reach USD XX Billion by 2024.<br />
• Asia-Pacific Bioethanol market dominate owing to the<br />
largest economies having feedstock available closely<br />
followed by North America with XX% market share in<br />
bioethanol.<br />
XX<br />
XX<br />
XX<br />
XX<br />
XX<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024<br />
Source: Goldstein <strong>Research</strong><br />
Fig:- 6-6 <strong>Global</strong> Share of <strong>Biofuel</strong>s in major crop production, 2016<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
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XX%<br />
XX%<br />
XX%<br />
Wheat<br />
Maize<br />
Other Grains<br />
Sugarbeet<br />
Sugarcane<br />
Palm oil<br />
Vegetable Oil<br />
XX%<br />
Source: Goldstein <strong>Research</strong><br />
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