BIS Research - Emerging Technology Market Intelligence

Can Biofuels Suffice the Increasing Energy Demand?

Jul 17, 2017 8:11:20 AM / by BIS Research posted in Biofuels Applications, Biofuels Forecast, Biofuels Report, Biofuels Technologies, Waste Management & Envir Tech, Biofuels Market, Biofuels Products, Biofuels Products Market, Global Biofuels Market Research, Global Biofuels Market, Liquid Biofuels Market, Solid Biofuels Market

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The perpetually increasing population has affected the natural ecosystem drastically and has led to an increased level of pollution across the world. Increased consumption of fossil fuels such as coal and petroleum, has caused irreparable damage to the atmosphere, and the fuel resources are expected to deplete by 2060. In the light of this problem, the biofuel came as a lifesaver and this has become a billion dollar industry at the present. Besides depletion of fossil fuels, factors such as increasing energy demand, policy mandates and climate change mitigation are some of the key factors driving the growth in the global biofuels market.

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