The Production of Global Biofuels Market is Expected to Reach 50,921.4 Million Gallons by 2019: Transparency Market Research

ALBANY, New York, July 8, 2014 /PRNewswire/ --

According to a new market report published by Transparency Market Research "Biofuels Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019," biofuels production was 24,326.7 million gallons in 2012 and is expected to reach 50,921.4 million gallons by 2019, growing at a CAGR of 9.6% from 2013 to 2019.

Browse the full Biofuels Market Report with TOC at http://www.transparencymarketresearch.com/liquid-biofuels-market.html

Biofuels is a class of fuels whose energy is derived biologically from carbon fixation. They are derived from various conversion procedures from solid biomass, liquid fuels and various gases. Liquid produced from various oil-rich crops and are grown in many regions across the globe. With the growing demand for energy across the globe, the biofuels market is witnessing large amounts of investments to ensure a permanent source of clean energy. There has been a tremendous increase in the demand for biofuels since they are naturally derived and can replace non-renewable resources.

The global market for biofuels is experiencing a steady growth over the last few years due to the rise in population and due to the increased awareness amongst the population. One of the major factors propelling the growth of biofuels is that they are derived from biological processes and are eco-friendly in nature. Liquid biofuels can be manufactured from any oil-rich crop like sunflower, oil palm and soy which can be grown in all the regions around the world. Liquid biofuels can also be obtained from fish, oil or poultry products which are the byproducts of the food industry, which also helps in eliminating waste products. 

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Geographically, North America has the largest market share due to the increased awareness amongst the population and stringent environmental regulatory policies. Europe is also experiencing steady growth. Developing economies like China, India, and Russia are also experiencing steady growth and it is expected to increase substantially for the next six years. Liquid not only used in transport, but are also used in commercial heating processes. They can significantly help in reducing carbon emissions and can be a key renewable energy source. With new environmental regulations, stringent government policies, and depleting natural resources, the demand for biofuels is likely to increase. Analysis and forecasting of global biofuels market is given by fuel type, by form analysis and region mentioned below:

Biofuels Market: By Fuel Type 

  • Bioethanol
  • Biodiesel

Biofuels Market: By Form Analysis 

  • Solid (fuel pellets, biochar, biocoal)
  • Liquid (bioethanol and biodiesel)
  • Gaseous (biogas, biopropane, syngas)

Browse the full Biofuels Market Report with TOC at http://www.transparencymarketresearch.com/liquid-biofuels-market.html

Biofuels Market: Regional Analysis 

  • North America
  • Europe
  • Asia Pacific
  • RoW

Browse All Energy & Mining Market Research Reports @http://www.transparencymarketresearch.com/energy-market-reports-3.html

About Us 

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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SOURCE Transparency Market Research



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