Dublin, Sept. 22, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Bio-fuels Market 2016-2020" report to their offering. The global biofuels market to grow at a CAGR of 5.87% during the period 2016-2020.
Global Biofuels Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, need for environment and energy security will be a key driver for market growth. Fossil fuels have limited reserve across the world with a majority of the energy production based on fossil fuel. This has led to a large number of countries importing large quantities of crude oil, which impacts the growth of their economy. Biofuels are one of the fastest growing alternative fuels across various parts of the world, as they help to diversify the energy mix and reduce the dependency on global petroleum markets. This reduces dependency on crude imports, which helps the countries to utilize the money to improve their economy and lessen the threat to their national security.
Across the world, there has been an unprecedented interest in biofuels over the past decade. The main reason for this is the volatility in crude oil prices, which is affecting the economic condition of many countries that do not have significant oil and gas reserves to support their growing economy. High dependence on non-renewable fuels has created economic as well as environmental concerns, such as rising greenhouse gas emissions. Several developing and developed economies have implemented regulatory reforms, blending targets, and statutory norms while using biofuels to offset the growing environmental risks associated with conventional fuels.
Development of second and third generation biofuels will be a key trend for market growth. First generation biofuels are produced using vegetable oil, animal fat, and used cooking oil. The feedstocks used in producing biodiesel are also used as food, and the prices of these feedstocks ware directly associated with the demand for biodiesel, thus creating conflict between the food and energy sectors. This continuous conflict led to the development of second and third generation biofuels to overcome the limitation of the first generation fuels. The second generation fuels are produced using non-food crops like wood (saw-dust), organic waste (corn-stover), and specific biomass plants like jatropha, camelina, and switchgrass. The third generation biofuels, also called advanced biofuels, are produced using specially engineered energy crop like algae. Key vendors
- ADM
- INEOS Enterprises
- Neste
- Renewable Energy Group
Other prominent vendors
- Archer Daniel Midland
- Cosan
- Fujian Zhongde Energy
- Guangzhou Devotion Thermal Technology
- Gushan Environmental Energy
- Henan Tianguan Enterprise Group
- Jiangsu Hengshunda Bio-Energy
- Jiangsu Yueda Kate New Energy
- Jilin Fuel Ethanol
- Longyan Zhuoyue New Energy
- Louis Dreyfus Commodities
- Ningbo Tech-Bank
- Petrobras
- Shandong Jinjiang Bioenergy Technology
- Shell
- Tangshan Jin Lihai Biodiesel
- Zhenghe Bioenergy
Key Topics Covered: Part 01: Executive summary Part 02: Scope of the report Part 03: Market research methodology Part 04: Introduction Part 05: Technology overview Part 06: Market landscape Part 07: Market segmentation by fuel type Part 08: Market segmentation by feedstock Part 09: Geographical segmentation Part 10: Market drivers Part 11: Impact of drivers Part 12: Market challenges Part 13: Impact of drivers and challenges Part 14: Market trends Part 15: Vendor landscape Part 16: Key vendor analysis Part 17: Appendix For more information about this report visit http://www.researchandmarkets.com/research/f6...l_biofuels Related Topics: Biofuels
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