Based on our new research report "Global Biofuel Market Analysis", the worldwide bio-fuel market will witness a fast development track from 2010 onwards in the backdrop of fuel sources and destruction of ecological conditions. It is anticipated that, the international bio-fuel market will grow at a CAGR of around 18% during 2010-2013. Further, numerous federal governments around the world have been implementing mandatory bio-fuel mix with the conventional fuel to more increase up the need for biofuel.

Our study indicates that, as the increased use of eco-friendly and alternative fuels can result in considerable reductions in the use of petroleum-based fuels