Global biofuels market to gain momentum

The global biofuels market is expected grow at a CAGR of nearly 6% during the 2016 - 2020 period, according to Technavio’s latest report, which covers the market outlook and growth prospects of the global biofuels market. The market is categorised into two fuel type segments, including ethanol and biodiesel, of which the ethanol segment dominated the market, with almost 70% of the overall market share in 2015. »