Canadian Biomass Magazine

Features Biofuel Biofuels
Biofuel production to surpass 50 mil. gallons by 2019?

July 8, 2014, Albany, N.Y. - According to a new market report published by Transparency Market Research "Biofuels Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019," biofuels production was 24,326.7 million gallons in 2012 and is expected to reach 50,921.4 million gallons by 2019, growing at a CAGR of 9.6% from 2013 to 2019.


July 8, 2014
By Canadian Biomass

Topics

July 8, 2014, Albany, N.Y. – According to a new market
report published by Transparency Market Research "Biofuels Market: Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019,"
biofuels production was 24,326.7 million gallons in 2012 and is expected to
reach 50,921.4 million gallons by 2019, growing at a CAGR of 9.6% from 2013 to
2019.

 

With the growing demand for energy across the globe, the
biofuels market is witnessing large amounts of investments to ensure a
permanent source of clean energy. There has been a tremendous increase in the
demand for biofuels since they are naturally derived and can replace
non-renewable resources.

 

Advertisment

Geographically, North America has the largest market share
due to the increased awareness amongst the population and stringent
environmental regulatory policies. Europe is also experiencing steady growth.
Developing economies like China, India, and Russia are also experiencing steady
growth and it is expected to increase substantially for the next six years.
Liquid not only used in transport, but are also used in commercial heating
processes. They can significantly help in reducing carbon emissions and can be
a key renewable energy source. With new environmental regulations, stringent government
policies, and depleting natural resources, the demand for biofuels is likely to
increase.

 

Browse the full Biofuels Market Report with TOC at www.transparencymarketresearch.com/liquid-biofuels-market.html


Print this page

Related



Leave a Reply

Your email address will not be published. Required fields are marked *

*