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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6.4. <strong>Global</strong> <strong>Biofuel</strong>s <strong>Market</strong> Share (%), 2016 & <strong>Market</strong> Size (USD Billion), By<br />
Region,2015 & 2016<br />
Fig: 6-9 <strong>Global</strong> <strong>Biofuel</strong>s <strong>Market</strong> Share (%) - By Region, 2016 Fig: 6-10 <strong>Global</strong> <strong>Biofuel</strong>s <strong>Market</strong> Size (USD Billion) - By Region, 2015-2016<br />
XX%<br />
XX%<br />
XX%<br />
XX<br />
XX<br />
XX<br />
XX<br />
XX<br />
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<strong>Report</strong><br />
XX<br />
XX<br />
2015 2016<br />
XX<br />
XX%<br />
XX%<br />
XX<br />
XX<br />
XX<br />
XX<br />
XX<br />
XX<br />
XX<br />
North America<br />
Latin America<br />
Middle East & Africa<br />
Asia-Pacific<br />
Europe<br />
XX<br />
North America APAC Latin America Europe Middle East &<br />
Africa<br />
Source: Goldstein <strong>Research</strong><br />
Source: Goldstein <strong>Research</strong><br />
• Asia-Pacific is expected to dominate the <strong>Biofuel</strong>s market with a market share of XX% by the end of the forecast period<br />
i.e. 2024 owing to the presence of high energy consumption and availability of feedstock such sugarcane, rice, corn and<br />
others.<br />
• Latin America <strong>Biofuel</strong>s market is anticipated to expand at a CAGR of XX% during the forecast period i.e. 2016-2024.<br />
The production capacity is expected to increase in Brazil and Argentina due to huge sugarcane production, share of<br />
which is used for producing bio-ethanol and the new technology adopted is expected to increase the bio-ethanol<br />
production by XX% by 2024.
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