Increasing population across the globe has led to an increase in the demand for energy. This has directly resulted into increased consumption of fossil fuels such as coal and petroleum which are expected to deplete by 2060. It is estimated that every year the world consumes approximately 10 billion tonnes of oil in fossil fuels. Owing to this, there is an increase in demand for sustainable solutions such as biofuels and other alternative sources of energy. Moreover, dependency on fossil fuels for energy generation has led to an increase in greenhouse gases volumes, which has a direct impact on public health as these gases pollute air leading to global warming. In addition to that, gases produced from wastes are the major factor for many hazardous diseases to rise which can result into mass epidemic.
The report titled “Global Biofuels Market” provides an in-depth analysis of the key development strategies and market trend dynamics which includes drivers, challenges, and opportunities prevailing in the biofuels industry. Key regulatory bodies have also been considered in the report because of the compliance requirements with environmental regulations and promotion for the production of biofuels. Moreover, value chain analysis, consortiums, and patents have also been included in the report. Key development strategies adopted by biofuel producers, distributors, and service providers have also been included in the report.
The biofuels market estimation has been built on detailed assumptions. The market has been estimated on the basis of different types of biofuels produced, their applications, and geography analysis.
The report profiles 25 organizations on the basis of manufacturers and services providers working across the biofuels industry and in different geographies.
Key questions answered in the report:
- What are the key drivers, challenges and opportunities for the global biofuels market?
- What kind of development strategies have gained traction among the players for growth in biofuels market?
- What are the different types of biofuels produced across the globe, their application types and their market sizes?
- Which region is currently dominating the global biofuels market and the market size by different geography?