Published on : Oct 07, 2016
ALBANY, New York, Oct 07, 2016: The research report, titled “Global Bio-fuels Market 2016-2020,” provides a thorough assessment of the global bio-fuels market along with the market dynamics influencing it. The research report thoroughly examines the strengths, weaknesses, opportunities, and threats influencing the segments of the global market. It documents the historical data pertaining to the global bio-fuels market and compares it with the current market scenario to present a possible trajectory of this market for the coming few years.
According to the research report, the global bio-fuels market is anticipated to expand at a CAGR of 5.87% between 2016 and 2020. The steady rise of the market will be driven by the growing interest in bio-fuels as the pricing of crude oil remains volatile. The market is also being favored by the rising enthusiasm for renewable fuels as they are not only economic are environment-friendly alternatives in the long term. As nations clamor to bring down carbon emissions with new targets, regulatory reforms, and stringent norms, the demand for bio-fuels is expected to witness a significant rise. The urgent need for cleaner fuel sources is also anticipated to spur the uptake of bio-fuels in the near future. Rising investments are seen to be creating a positive impact on the overall market.
Analysts report that plummeting oil prices is expected to challenge the growth of the global bio-fuels market. This trend is expected to have made consumers opt for conventional fuels as compared to bio-fuels in the near future. Additionally, the convenience of obtaining traditional fuels as opposed to bio-fuels is also likely to hamper the growth of this market. However, the fact that nations need to comply with environmental regulations set by the international authorities is anticipated to trump these challenges in the long run.
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Geographically, the global market is segmented into the Americas, Asia Pacific, and the Middle East and Africa, and Europe. The research report studies the market drivers and restraints impact these specific geographical segments and answers questions pertaining to the market size by the end of the forecast period as well.
Some of the leading players operating in the global bio-fuels market are Archer Daniel Midland, ADM, INEOS Enterprises, Neste, Cosan, Fujian Zhongde Energy, Renewable Energy Group, Gushan Environmental Energy, and Guangzhou Devotion Thermal Technology. The research report examines the competitive landscape and assesses the business and marketing strategies formulated by these companies to remain dominant throughout the forecast period. Additionally, the report also mentions the research and development plans of the key players, investment plans of the companies, and the strategic mergers and acquisitions these companies are expected to enter to expand their operations.
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