Albany, NY -- (SBWIRE) -- 09/25/2017 -- A new market research report has been recently published by Transparency Market Research, a U.S.-based market research and intelligence firm. The research report provides a detailed overview of the global biofuels market, including a market overview, product segmentation, and major participants of the market. The global biofuels market is expected to witness high growth, as biofuels are derived naturally and can easily substitute nonrenewable resources.
The 85-page research report makes use of graphical representations such as tables and charts to showcase the historical data and present the forecast regarding the global biofuels market.The research report is titled "Global Biofuels Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019". According to the research report, in terms of production capacities in 2012, the global biofuels market stood at 24326.7 million gallons and is anticipated to total 50921.4 million gallons by the end of 2019, growing significantly at a 9.6% CAGR between 2013 and 2019.
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Rising economic development, rigid environmental rules and regulations encouraging the use of biofuels, and increasing energy import bills resulting in negative balance of trade are some of the factors expected to fuel the growth of the global biofuels market. In addition, development of sustainable biofuels is one of the great opportunities for the market players. However, hurdles related to retailing, distribution, and development of biofuels and the competition between fuel and food resulting in high costs of food are the restraining factors anticipated to hamper the growth of the global biofuels market in the coming years.On the basis of types, the global biofuels market has been divided into two: biodiesel and bioethanol. Further, on the basis of form, the global biofuels market is categorized into liquid (biodiesel and bioethanol), solid (biocoal, fuel pellets, and biochar), and gaseous (syngas, biogas, and biopropane).
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For the purpose of geographical analysis, the global biofuels market has been segmented into Europe, Asia Pacific, North America, and Rest of the World. Among all these regions, North America accounts for the largest market share, owing to the strict environmental regulations and policies and rising environmental awareness among the population in this region. North America is further followed by Europe, which is witnessing a steady growth rate. Developing nations such as India, Russia, and China are also anticipating significant growth in the forecast period.
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Furthermore, the research report discusses the competitive landscape of the global biofuels market. It comprises a detailed analysis of each key player operating in the market in terms of company information, financial overview, business strategies, and recent developments in the industry. The report has also used several reliable analytical tools to present a better understanding to the readers. Some of the key players in the global biofuels market are Raizen Energia Participacoes S.A, Renewable Energy Group, BlueFire Renewables, Aventine Renewable Energy Holdings, Inc., Australian Renewable Fuels Limited, and Solazyme Inc.Despite an array of drivers, the demand for biofuels is much higher than the pace of feedstock regeneration, which is reflecting negatively on the demand-supply gap, thereby hampering the growth of the market. Furthermore, there are several hurdles related to existing retailing, distribution, and development channels, which are adversely affecting the growth of the market. The levels of awareness regarding the availability and benefits of biofuels are low in developing and less-developed countries, which will also limit their widespread adoption. Nevertheless, the growing investments in the research and development of new feedstocks are supporting the future of the global biofuels market.
Global Biofuels Market Report is available at US$ 5795 -http://www.transparencymarketresearch.com/checkout.php?rep_id=1345