Biofuels Market Revenue, Product Launches, Regional Share Analysis & Forecast Till 2030

February 10, 2023 ⚊ 1 Min read ⚊ Views 58 ⚊ BUSINESS

Biofuels Market size reached USD 32.05 Billion in 2021 and is expected to register a revenue CAGR of 9.9% during the forecast period, according to latest analysis by Emergen Research. Growing demand for biodiesel from the automotive industry is the key factor driving revenue growth of the market. The need for eco-friendly fuel alternatives is growing, and biodiesel is currently gaining popularity. This is owing to the increased international volatility of crude oil prices as well as the negative environmental effects of fossil fuels.

Read details: https://www.emergenresearch.com/industry-report/biofuels-market

Tags: Biofuels Market

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