The Bio fuels market is expected to grow by a CAGR of 5.7 % during the forecast period.
Biofuels can be used in traditional engines with little or no modification. The automobile plays an important role in displacing fossil fuels and is a cleaner and renewable alternative. Also, the use of biofuels in fuel mix reduces toxic emissions from transport sector and helps achieve climate change targets. Furthermore, the biofuel blend has a very positive impact on improving the air quality and reduce particulate emissions. This in turn will improve health standards and can have positive impacts on the environment. The use of biofuel blend has been made mandatory in several countries as they also qualify for carbon credits.
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- Archer Daniels Midland Company
- Aceites Manuelita S.A
- Abengoa Bioenergy, Inc
- INEOS Group AG
- Neste Corporation .
- Distributer & Supplier companies
- End Users
- Consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
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The research report distributed by Market Research Future on the topic ‘Bio Fuels Market’ consists of a special section that is concerned with providing a detailed segmental analysis for the market. Here is a glimpse of that part of the report.
By composition – Miscellaneous, starch feedstocks, lingnocellulosic and sugar feedstocks.
By fuel type – Ethanol and bio diesel.
By feedstock type – Ethanol feedstock and bio diesel feedstock.
By application – Power generation and transportation.
Market Research Analysis
The bio fuel market is gaining importance because of the swift economic development around the world and strict environmental regulations that enable the use of biofuels. In recent years, the bio fuels market has seen rapid development in cellulosic and algae bio fuel technology. These technologies majorly involve the use of feedstock such as grass, corn stover, and algae for the bio ethanol and bio diesel production.
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