Biofuels market to grow 7.7% through 2015
October 11, 2012
By John Tenpenny
October 11, 2012, London, UK – A new report prepared by analysts at TechNavio says given current market conditions, the global biofuels market should grow by about 7.7 percent through 2015.
The report, “Global Biofuels Market 2011-2015” is based on an in-depth study covering the Americas, and the EMEA and APAC regions.
'One of the major trends in this market is the increasing demand for energy,” commented an analyst from TechNavio. “With the existing power generation capacity, it will be difficult to meet the future demand for energy. The usage of biofuels or biomass for electricity generation is a good alternative to fossil fuels, thus paving the way for the growth of the global biofuels market.''
According to the report, one of the key factors contributing to this market growth is the increase in government funding and subsidies. The global biofuels market has also been witnessing increasing demand for energy. However, the lack of food security could pose a challenge to the growth of this market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
Click here for more information on this report.
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