Biofuel Global Market Outlook Forecasts 2022-2027: Compound Annual Growth of 4% to Reach US$134.589 Billion by 2027 - ResearchAndMarkets.com
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Thursday, July 14, 2022
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The "Global Biofuel Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.
Key Points:
- The "Global Biofuel Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.
- The global biofuel market is evaluated at US$102.162 billion for the year 2020, growing at a CAGR of 4.02% to reach US$134.589 billion by the year 2027.
- The key drivers for market growth are the rising concerns regarding greenhouse gas emissions, which are contributing to global warming and climate change.
- Thus, the promotion of the electric vehicle market could hinder the development of the biofuel market in the coming five years.