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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Key Findings<br />
• The global <strong>Biofuel</strong>s market accounted for USD XX billion in 2016 and tends to reach the valuation of USD XX billion by 2024<br />
at a CAGR of XX% over the forecast years owing to the fact that combination of government policy initiatives and increasing<br />
oil prices have been pushing the growth of biofuel market.<br />
• Commercial production of 2 nd generation bioethanol from lingo-cellulosic materials that is expected to supplement the<br />
annual supply of XX billion gallons of 1 st Generation bioethanol. It is expected that global bioethanol production and<br />
utilization will increase significantly in the near future from XX billion gallons in 2016 to XX billion gallons by 2024.<br />
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Rising CO2<br />
levels<br />
• Regions with high energy consumption such as Europe and North America and regions with high energy production such as<br />
Brazil, Indonesia are witnessed in phenomenon of biofuels production of XX% of the total global biofuel production.<br />
• <strong>Biofuel</strong>s such as diesel, ethanol and wood can be produces from existing technologies. The new trend is named as 2 nd<br />
generation biofuels which are specifically made from biomass such as lingo cellulosic feedstock to convert enzymes into<br />
fuels.<br />
• Renewable energy supply globally was XX TWh in 2016 which has increased by XX% since 2014. Among the consumption of<br />
renewable energy, electricity has the largest share of among all other sectors. Though biomass is 3 rd largest source of<br />
generating electricity, however solar and wind energy are the fastest growing sectors with annual growth rate of XX%.<br />
Cost Effective<br />
Technological<br />
Advancements<br />
Feedstock<br />
2016<br />
Asia-Pacific & Latin America <strong>Biofuel</strong>s <strong>Market</strong> (USD Billion)<br />
Asia-Pacific<br />
Latin America<br />
XX Billion<br />
XX Billion<br />
Non-Renewable<br />
Energy<br />
2024<br />
XX Billion<br />
XX Billion
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