Biofuels Market Research
Biofuels are renewable fuels that are primarily produced from domestically-formed biomass feed stocks or as a byproduct from the industrial processing of agricultural or food products, or from the recovery and reprocessing of products such as cooking and vegetable oil. Biofuel is simple to use, biodegradable, non-toxic and essentially free of sulfur and aromatics.
The has been a considerable rise of many small biofuel companies and bio refineries in the US, Brazil, Europe and Asia, in recent times, thereby increasing competition and causing the global market to diversify towards third generation biofuels like cellulosic biofuels and algae oil in particular. Global market for Biofuels is projected to grow by a CAGR of 12.9% during the period 2006-2015 to reach US$ 61.5 billion by 2015.
The Biofuels market research report offers an in-depth analysis of biofuels as one of the growing elements of the energy industry. It further outlines trends in the flourishing biofuels industry and anticipates the direction of the market over the next decade, and elucidates the strengths and weaknesses of different markets with targeted sales forecasts.
