Efforts to Reduce Dependency on Petrol to Drive Automotive Biofuels Market

Published Date : Apr 10, 2017

ALBANY, New York, April 10, 2017: MarketResearchReports.biz has announced the addition of a new market study to its repository, titled “Global Automotive Biofuels Market 2017-2021.” The study is a comprehensive reports of the key drivers and challenges affecting the market. The global trends that are currently making waves and are expected to remain so are taken into account. The future opportunities of the market has been analyzed and the forecast for the coming years has thus, been predicted. The report segments the global automotive biofuels on the basis of key criteria and studies each segment and sub-segment. Leading, declining, and fastest growing segments are pointed out and the reasons behind the state of all market segments are also given. 

According to the report, the global automotive biofuels market is likely to expand at a CAGR of 8.37% during the period 2017-2021. The main reason behind the growth of the market is the trend of producing biofuel in an attempt to go green. Stringent regulations are keeping a check on emissions by vehicles are also boosting the adoption of automotive biofuels. Governments across the globe are making efforts to minimize greenhouse gas emissions and reduce the effects of global warming. Efforts made in the direction to reduce dependency on petrol and support from regulatory bodies are also driving the automotive biofuels market towards growth. 

One of the emerging trends in the global automotive biofuels market is the research on algae fuel, a third generation biofuel, which is a low-cost, yet high-energy, renewable feedstock. Another trend becoming popular is the green production of biofuel. The commercialization of second generation ethanol is also becoming a trend, which in the past was limited only to the U.S. With recent researches it has been found that ethanol could be the key to addressing flaws related to cultivation of sugarcane for their consumption in the automotive industry. The use of cellulosic ethanol can help reduce greenhouse emissions by 86% as compared to gasoline production. 

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On the basis of application, the market may be segmented into passenger cars and light commercial vehicles. By geography, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Of these, North America is leading in the automotive biofuels market. By type of automotive fuels, the market is segmented into biodiesel and bioethanol. 

Some of the key players in the market include INEOS Enterprises, ADM, Neste, Bangchak Petroleum, Renewable Energy, AJ Oleo Industries, Aemetis, Algenol,  Chemrez Technologies, Copersucar, Gevo, Ekarat Pattana, GranBio, Pacific Ethanol, North Queensland Bio Energy Corporation Limited, Patum Vegetable Oil, and Petro. The report delves into significant details of each of the companies such as business and financial overview, recent developments, and also the strategies adopted by them for their growth. Information regarding their mergers and acquisitions, partnerships, and collaborations has also been included in the report. 

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