Second Generation Biofuels Market: Quantitative Analysis from 2013 to 2020
Second Generation Biofuels (Advanced Biofuels) Market is expected to garner $23.9 billion by 2020, registering a CAGR of 49.4% during the forecast period 2014 - 2020. Second generation biofuels yield more energy efficient output than conventional fossil fuels and are environment-friendly as well. Other enabling factors such as favourable environmental regulations & policies, investments/funds provided by the North American and European governments for R&D and commercialization of second generation biofuels, also drive growth of the second generation biofuels market.
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