Based on our new research report “Global Biofuel Market Analysis”, the worldwide bio-fuel market will witness a fast development track from 2010 onwards in the backdrop of depleting nonrenewable fuel sources and deterioration of environmental conditions. It is forecasted that, the worldwide bio-fuel market will grow at a CAGR of around 18% throughout 2010-2013. Further, numerous governments around the world have actually been executing obligatory bio-fuel blend with the conventional fuel to more increase up the demand for biofuel.

Our research study shows that, as the increased use of eco-friendly and alternative fuels can result in significant reductions in the usage of petroleum-based fuels