DUBLIN, Mar 24, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Automotive Biofuels Market 2017-2021" report to their offering.
The global automotive biofuels market to grow at a CAGR of 8.37% during the period 2017-2021.
The report, Global Automotive Biofuels Market 2017-2021, 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.
The latest trend gaining momentum in the market is biofuel production to go green. Ethanol today, even though touted as a green alternative to fossil fuels, is not environment-friendly in the true sense. The process used to convert sugarcane or corn into ethanol involves a host of steps, including milling, cooking, liquefaction, fermentation, and distillation. It is quite poignant that these very processes to produce such a green fuel, consume electricity and energy produced from coal or petroleum, thereby ultimately nullifying the green in the 'green fuel' tag that ethanol still enjoys.
According to the report, one of the major drivers for this market is stringent regulations for keeping a check on vehicular emissions is likely to drive use of automotive biofuels. Efforts are being made by governments worldwide to minimize the negative effects of global warming and reduce the GHG emissions. For instance, in the EU, the emissions from the heavy-duty trucks, buses, and coaches account for a quarter of the CO2 emissions from road transport. The European Commission has set norms to reduce emissions of heavy-duty vehicles in the coming years.
- INEOS Enterprises
- Renewable Energy
Other prominent vendors
- AJ Oleo Industries
- Bangchak Petroleum
- Chemrez Technologies
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Geographic segmentation
PART 08: Market drivers
PART 09: Market challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/k8lh6k/global_automotive
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SOURCE Research and Markets