Market Research Future - Premium Research Reports Bio Fuels Market 2016-2023

Bio Fuels Market Expected to Witness a Steady CAGR of 5.7% from 2016 to 2023 Market Highlights The Bio Fuels Market is expected to grow over the CAGR of around 5.7 % during the period 2017 to 2023. The growth of the Global Bio Fuels Market is majorly driven by the cleaner emission of biofuels than traditional fossil fuels. The biofuels market is increasingly used in the transportation sector as blended fuels to power automobiles and reduce the use of gasoline and diesel. The market is further driven by the requirement to meet climate change targets and the obligation to reduce CO 2 emissions from transport sector operations. Recent strict legislations on global automotive sector have increased the use of biofuels as vehicle fuels in Europe and North American. However, the growth of this market can be restrained by the rise in price of raw materials and increased use of electric vehicles in the transport sector. Key Players The key players of Global Bio Fuels Markets are  Archer Daniels Midland Company (U.S.)  Aceites Manuelita S.A. (Colombia)  Abengoa Bioenergy, Inc. (Spain)  INEOS Group AG (U.K.)  Neste Corporation (Finland)  Renewable Energy Group, Inc (U.S.)  BlueFire Renewables (U.S.)  Cosan S.A. Indústria E Comércio (Brasil)  Infinita Renovables SA (Spain) Tel: [phone] [email protected]