Latest Breaking News On - Biofuels market - Page 18 : comparemela.com

The global biofuels industry is highly lucrative and predicted to witness significant growth at a healthy 5.10% CAGR over the forecast period (2019- 2025), reveals the Market Research Future (MRFR) report. Biofuels are a form of fuel that is derived from algae material, animal waste, or plants. It is regarded as a renewable fuel as the feedstock material that is used can be replenished at a quicker pace compared to conventional fossil fuels.  Alluring Features that Bolster Market Growth  As per the Market Research Future report, there are numerous factors that are propelling the biofuels market size. These include the renewability of biodiesel, growing government support for biofuel development through regulations, policies, and programs, growing use of glycerin from biodiesel production, and use of crude glycerin as a dust suppressant, and coal freeze protection. Besides, limited accessibility of fossil fuel-based resources, growing awareness to curb carbon emissions, and the

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