Based on our brand-new research study report “Global Biofuel Market Analysis”, the global bio-fuel market will witness a quick growth track from 2010 onwards in the backdrop of diminishing nonrenewable fuel sources and deterioration of ecological conditions. It is forecasted that, the global bio-fuel market will grow at a CAGR of around 18% throughout 2010-2013. Further, lots of governments around the world have actually been carrying out mandatory bio-fuel blend with the traditional fuel to further up the demand for biofuel.

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