As per our brand-new research report “Global Biofuel Market Analysis”, the international bio-fuel market will witness a quick growth track from 2010 onwards in the background of depleting fossil fuels and destruction of environmental conditions. It is anticipated that, the global bio-fuel market will grow at a CAGR of around 18% during 2010-2013. Further, numerous governments around the world have actually been executing obligatory bio-fuel blend with the conventional fuel to further increase up the demand for biofuel.

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