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Biofuels Industry Is Likely To Expand At A CAGR Of 4.8% During 2022-2032

07-12-2022 11:52 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Biofuels Industry Is Likely To Expand At A CAGR Of 4.8% During

As per a new report published by Fact.MR, a market research and competitive intelligence provider, the global biofuels market is anticipated to exceed a valuation of around US$ 141 Bn by 2021. Under the likely scenario, the market can register a CAGR of around 4.8% over the projection period of 2021 to 2031. North America accounts for nearly 35% of global biofuel demand.

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Market Segments Covered in Biofuels Industry Research

By Biofuel Type

Biodiesel
Bioethanol
Others

By Feedstock

Corn-based Biofuel
Sugarcane-based Biofuel
Vegetable Oil-based Biofuel
Other Feedstock-based Biofuel

By Application

Biofuel for Land Transport
Biofuel for Shipping
Biofuel for Other Applications

Need more information about Report Custimization? Click here-https://www.factmr.com/connectus/sample?flag=RC&rep_id=6485

Competitive Landscape

According to Fact.MR's market research analysis, innovations as well as product development have been prominent developments related to biofuel in recent years.

In July 2021, Alpha Biofuels, a Singapore based company announced that it has blended its biofuel at its Tuas plant, wherein, it was converted from cooking oil that it had collected from food & beverage manufacturers. In the same month, it is also used as trial in the vessel The Frontier Jacaranda, which sailed on 93% standard fuel and 7% biofuel.
Similarly, recent developments related to companies offering biofuel have been tracked by the team at Fact.MR, which are available in the full report.

Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/6485

Through this report, reader gets insights and assessments on following aspects:

Latest guidelines in important sectors influencing the overall demand in the Biofuels Market
Detailed profiling of diverse companies operating in this market
Important trends underlining high investments by top shareholders in diverse countries
Shifting consumer preferences and latest trends in key industries
Latest opportunities for investments in diverse technology and product/service types
Varying demand and consumption of diverse product segments
The insights and estimations offered in this report are the output of consistent research by Factmr analysts. The unique approach and effective guidance offered in this report will help stakeholders to comprehend the growth dynamics of the Biofuels Market.

This study offers all-inclusive data on:

Important guidelines and standards implemented by government bodies together with spotlight on potential changes in the post-COVID period
Study of policies in developed as well as developing countries to comprehend what aspects are important in assisting players to bounce back after COVID-19 outbreak
Assessment of size and shares of important product segments
Study of various technologies that are playing key role in fueling the demands in Biofuels Market
Synopsis of present and potential research and development activities by private Biofuels Market industry player as well as public institutions
Detailed study of the monetary disruptions that are likely to stay for few months following the COVID-19 pandemic in the worldwide locations
Technological advancements and healthcare infrastructures that will assist in comprehending the readiness of government bodies of diverse countries to handle such pandemic situation

For More Insights- https://www.prnewswire.com/news-releases/home-diagnostics-market-witnessing-heightened-start-up-investments-offering-specialized-solutions-factmr-301212625.html

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