Published By: Syndicate Market Research
Biofuels Market - Global Industry Perspective,
Comprehensive Analysis and Forecast, 2014 – 2020
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Biofuels Market
Biofuel is a hydrocarbon that has been derived from agricultural biomass, plant and animal waste or
from metabolic by-products. Biofuel is mainly available in two types such as bioethenol and
biodiesel, which are primarily used in automotive, marine and railway. Bioethanol is used as a
replacement for petrol and biodiesel is used as a replacement for diesel. Use of biofuel can reduce
carbon emission by 80%. Biofuel is basically extracted from the photosynthesis process and can
therefore often be referred to as a source of solar energy.
Biofuel Market has witnessed significant growth in recent years on account of rising environmental
awareness and strong demand from automotive sector. Stringent government regulations resulted into
growing demand for biofuel. This is anticipated to boost the demand for bioethanol. Biofuel market is
classified based on different forms of biofuel such as liquid (biodiesel and bioethanol), solid (biocoal,
fuel pellets, and biochar), and gaseous (syngas, biogas, and biopropane). Biodiesel was the largest
product segment followed by bioethanol. Moreover, Advancement in technology expected to propel
the biofuel market over the forecast period.
Browse the full " Biofuels Market - Global Industry Perspective, Comprehensive
Analysis and Forecast, 2014 – 2020" report at
http://www.syndicatemarketresearch.com/market-analysis/biofuels-market.html
Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa, further bifurcation of region on the country level, which include...