Across the world, there has been an unprecedented interest in biofuels over the past decade. The main reason for this is the volatility in crude oil prices, which is affecting the economic condition of many countries that do not have significant oil and gas reserves to support their growing economy. High dependence on non-renewable fuels has created economic as well as environmental concerns, such as rising greenhouse gas emissions. Several developing and developed economies have implemented regulatory reforms, blending targets, and statutory norms while using biofuels to offset the growing environmental risks associated with conventional fuels.
Technavio’s analysts forecast the global biofuels market to grow at a CAGR of 5.87% during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the global biofuels market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors operating in the market.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Biofuels Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
Key vendors - ADM - INEOS Enterprises - Neste - Renewable Energy Group
Other prominent vendors - Archer Daniel Midland - Cosan - Fujian Zhongde Energy - Guangzhou Devotion Thermal Technology - Gushan Environmental Energy - Henan Tianguan Enterprise Group - Jiangsu Hengshunda Bio-Energy - Jiangsu Yueda Kate New Energy - Jilin Fuel Ethanol - Longyan Zhuoyue New Energy - Louis Dreyfus Commodities - Ningbo Tech-Bank - Petrobras - Shandong Jinjiang Bioenergy Technology - Shell - Tangshan Jin Lihai Biodiesel - Zhenghe Bioenergy
Market driver - Rising need for cleaner fuel - For a full, detailed list, view our report
Market challenge - Fall in oil prices - For a full, detailed list, view our report
Market trend - Need to comply with environmental regulations - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2020 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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