Based on our new research study report “Global Biofuel Market Analysis”, the worldwide bio-fuel market will witness a quick growth track from 2010 onwards in the backdrop of diminishing fossil fuels and degradation of environmental conditions. It is forecasted that, the global bio-fuel market will grow at a CAGR of around 18% during 2010-2013. Further, lots of federal governments around the world have actually been implementing obligatory bio-fuel mix with the traditional fuel to more increase up the need for biofuel.

Our study indicates that, as the increased use of renewable and alternative fuels can lead to substantial decreases in the use of petroleum-based fuels