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 ecological conditions. It is forecasted that, the worldwide bio-fuel market will grow at a CAGR of around 18% during 2010-2013. Further, numerous governments around the world have been carrying out compulsory bio-fuel blend with the standard fuel to more boost up the demand for biofuel.

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