With growing concern regarding the development of alternative and clean fuel, the Biofuels market is witnessing extensive R&D with large amount of investments globally. In order to keep pace with the ever increasing energy demand, companies are investing in production of biomass as a reserve for generating Biofuels. The growing demand for Biofuels has also triggered the high growth in its base market i.e. biomass.
Further, with continuous additions to the Biofuels plants, U.S has emerged as the largest player in this market with market share of more than 40% approximately followed by Brazil. The need for alternative fuel has motivated the Asia-Pacific market as well as India and China and this region is emerging as the fastest growing markets for bio-based energy.
The research report analyses the industry growth rate, industry capacity, supply & demand side and industry structure. The report analyses the historical data and forecasts the Biofuels industry market size, production forecasts along with key factors driving and restraining the market.