According to our new research report “Global Biofuel Market Analysis”, the global bio-fuel market will witness a quick development track from 2010 onwards in the backdrop of depleting nonrenewable fuel sources and deterioration of ecological conditions. It is anticipated 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 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 usage of renewable and alternative fuels can result in significant decreases in the usage of petroleum-based fuels