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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6.4.1.1. China <strong>Biofuel</strong>s <strong>Market</strong> Size (USD Billion) & Y-O-Y growth (%), 2016-2024<br />
Fig: 6-15 Japan <strong>Biofuel</strong>s <strong>Market</strong> Size (USD Billion). 2016-2024<br />
XX%<br />
CAGR: (2016-2024)<br />
XX<br />
XX<br />
Fig: 6-16 Japan <strong>Biofuel</strong>s <strong>Market</strong> Y-O-Y Growth Rate, 2016-2024<br />
XX% XX% XX%<br />
XX%<br />
XX%<br />
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XX% XX% XX% XX%<br />
XX<br />
XX<br />
XX<br />
XX<br />
XX<br />
XX<br />
2016f 2017f 2018f 2019f 2020f 2021f 2022f 2023f<br />
Source: Goldstein <strong>Research</strong><br />
2015 2016e 2017f 2018f 2019f 2020f 2021f 2022f 2023f<br />
Y-o-Y<br />
Source: Goldstein <strong>Research</strong><br />
• China <strong>Biofuel</strong>s market tends to reach the valuation of USD XX billion by 2024 at a growing CAGR of XX% over the forecast<br />
year owing to the high consumption of energy supply and to curb the rising CO2 emissions..<br />
•In China primary forestry area decreased while planted forests has seen an annual growth of XX% to reach XX million ha by<br />
2024.China , Russia and UK have the largest generation of derived heat from renewables.<br />
•China is the top renewable electricity generating nation generated XX TWh out of which more than 80% of renewable<br />
electricity comes from Hydropower. In comparison, EU generated XX TWh of renewable electricity with a more diversified<br />
electricity mix with a combination of biomass (20%), hydropower (43%), wind (27%) and other renewable electricity<br />
sources. Thus China is now also shifting its capacities towards biomass.
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