As per our brand-new research report “Global Biofuel Market Analysis”, the worldwide bio-fuel market will witness a quick development track from 2010 onwards in the background of diminishing nonrenewable fuel sources and degradation of environmental conditions. It is anticipated that, the international bio-fuel market will grow at a CAGR of around 18% throughout 2010-2013. Further, lots of governments around the world have been implementing mandatory bio-fuel mix with the standard fuel to additional boost up the demand for biofuel.

Our research study suggests that, as the increased use of renewable and alternative fuels can result in significant reductions in the use of petroleum-based fuels