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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4.1. <strong>Global</strong> <strong>Biofuel</strong>s <strong>Market</strong> Overview, By Region and <strong>Market</strong> Players-2016<br />
Fig:- 4-3 <strong>Global</strong> <strong>Biofuel</strong>s <strong>Market</strong> Share (%), By Country, 2016 Fig:- 4-4 <strong>Global</strong> <strong>Biofuel</strong>s <strong>Market</strong> Share (%), By Players, 2016<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
United States of<br />
America<br />
Brazil<br />
Germany<br />
Argentina<br />
Indonesia<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
Cosan<br />
Gevo<br />
XX%<br />
Coskata<br />
BlueFire Renewables<br />
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Bio Amber<br />
France<br />
XX%<br />
Sapphire Energy<br />
XX%<br />
China<br />
XX%<br />
XX%<br />
Genomatica<br />
Green Biologics<br />
Source: Goldstein <strong>Research</strong><br />
Netherlands<br />
Source: Goldstein <strong>Research</strong><br />
Others<br />
• <strong>Global</strong> <strong>Biofuel</strong>s market accounted USD XX billion in 2016 on the back of the policies on energy independence and<br />
climate change have encouraged development and utilization of renewable energy in the form of bioenergy and<br />
biofuels.<br />
• China has the largest urban population of XX million people with USD XX billion GDP. China has highest CO2<br />
emissions and requires XX PJ renewable energy supply compared to other regions. The source of raw material through<br />
forestry and agricultural produce in China is sufficient for the production of biofuels.
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