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Global Automotive Biofuels Market by 2021 Expected to Grow at a CAGR 8.37%: Foremost Manufacturers, Drivers, Trends, Challenges, Forecast & Analysis by Types and Applications

Submitted by on April 13, 2017 – 3:18 pmNo Comment

by Mangesh Kanase (SatPRNews)  The Automotive Biofuels Market report provides an in-depth analysis with current and future trends to clarify the forthcoming investment in the market. Global Automotive Biofuels market report shares information regarding key drivers, challenges and trends with impact analysis. Quantitative analysis of the current market and estimations through 2017–2021 are provided to showcase the financial appetency of the Automotive Biofuels industry.

Experts forecast Global Automotive Biofuels Market is expected to grow at 8.37% CAGR during the period 2017-2021.

Biofuels are fuels produced through biological processes such as anaerobic digestion of biological (mostly plant derived) materials rather than geological processes that are involved in the formation of fossil fuels. In this report, we have considered ethanol and biodiesel as the two major types of biofuels that are used as automotive fuels.

Automotive Biofuels Market Report Covered:

  • Opportunity of the Automotive Biofuels market
  • Market research methodology
  • Market landscape
  • Market segmentation by type
  • Geographical segmentation
  • Market Challenges
  • Market Trends
  • Automotive Biofuels Market Vendors landscape
  • List of Exhibits

Automotive Biofuels Market Drivers:

  • Governments across globe backing biofuel vehicles
  • Stringent regulations for keeping a check on vehicular emissions is likely to drive use of automotive biofuels
  • Enhanced focus on solutions associated with sustainability and ‘going green’ concept by participants in entire automotive value chain
  • Banning use of older vehicles to curb pollution levels, especially in developing regions likely to pave way for expansion in automotive biofuels market
  • Economic revival across regions that are target markets for biofuel vehicles

Automotive Biofuels Market Challenges:

  • Subsidies to fossil fuel consumption hampering adoption of biofuels for automotive use
  • Requirement of high capital investment for ethanol production compared with fossil fuel production
  • Lack of infrastructure: Scarcity of biofuel filling stations
  • Lack of consumer awareness on biofuels for automotive use, fear on potential damages to engine due to biofuel use, and relatively higher operating costs
  • Reason for an increased risk of water remaining in ethanol
  • Occupational hazards associated with sugarcane cultivation and consequent labor issues may impact production of biofuels   READ MORE

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