Oct 26, 2018   SOURCE: BusinessWire

Global Automotive Biofuels Market to Reach $195.33 Billion by 2023 - Analysis by Type of Biofuel and Region - ResearchAndMarkets.com

The "Global Automotive Biofuels Market - by Type, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023)" report has been added to ResearchAndMarkets.com's offering.

The global automotive biofuels market was USD 118.63 billion in 2017 and will reach USD 195.33 billion by 2023 at a CAGR of 8.67% during the forecast period.

Increasing fossil fuel prices and air pollution associated with them is driving the demand for biofuels market. Stringent government regulations for keeping a check on vehicular emissions is driving the use of automobile biofuels. However, lack of awareness about the advantages of biofuels in automobiles and rising consumer concerns that biofuels damage vehicle engines are the factors restraining the market growth.

Europe has largest market share due to stringent regulations from government to run vehicles with minimum bioethanol. Americas will show significant growth rate due to increasing applications in dual-fuel vehicles. Asia-Pacific will be fastest growing region due to increasing demand for biofuels in automobiles in India and China.

Industry Trends and Updates

  • Algae fuel, a low cost, high-energy renewable feedstock for third generation biofuel is emerging trend.

Key Topics Covered

1. Research Methodology

2. Executive Summary

3. Market Overview

4. Market Dynamics

5. Global Automotive Biofuels Market Segmentation, Forecasts and Trends - by Type

6. Global Automotive Biofuels Market Segmentation, Forecasts and Trends - by Region

7. Company Market Share Analysis

8. Company Profiles

9. Industry Structure

10. Global Automotive Biofuels Market - The Road Ahead

For more information about this report visit https://www.researchandmarkets.com/research/hdq5kr/global_automotive?w=4