Bio Fuels Market to Expand at a Steady CAGR of About 5.7% During the Period of 2016 to 2023
The growth of the Global Bio Fuels Market is majorly driven by the cleaner emission of biofuels than traditional fossil fuels. The biofuels market is increasingly used in the transportation sector as blended fuels to power automobiles and reduce the use of gasoline and diesel. The market is further driven by the requirement to meet climate change targets and the obligation to reduce CO2 emissions from transport sector operations. Recent strict legislations on global automotive sector have increased the use...
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