As per our new research study report “Global Biofuel Market Analysis”, the global bio-fuel market will witness a fast development track from 2010 onwards in the background of diminishing fossil fuels and degradation of ecological conditions. It is forecasted that, the global bio-fuel market will grow at a CAGR of around 18% during 2010-2013. Further, many federal governments throughout the world have been carrying out compulsory bio-fuel mix with the traditional fuel to further increase up the demand for biofuel.

Our study suggests that, as the increased usage of renewable and alternative fuels can lead to significant reductions in the usage of petroleum-based fuels