Biofuels Market, Revenue Growth, Key Factors, Major Companies, Forecast To 2030

Read More: https://www.emergenresearch.co....m/industry-report/bi

biodiesel market size reached USD 32.05 Billion in 2021 and is expected to register a revenue CAGR of 9.9% during the forecast period, according to latest analysis by Emergen Research. Growing demand for biodiesel from the automotive industry is the key factor driving revenue growth of the market.

The need for eco-friendly fuel alternatives is growing, and biodiesel is currently gaining popularity. This is owing to the increased international volatility of crude oil prices as well as the negative environmental effects of fossil fuels.