June 20, 2011 09:08 ET

Biofuels Market to Grow 8.2% Annually Through 2014

ROCKVILLE, MD--(Marketwire - Jun 20, 2011) - has announced the addition of the new report "Global Biofuels Market 2010-2014," to their collection of Alternative Sources market reports. For more information, visit

This report forecasts that the Biofuels market will grow at a CAGR of 8.2 percent over the period of 2010-2014. One of the key factors contributing to this market growth is the increase in government funding to the various players within the market. The Biofuels market has also been witnessing increased investment in third generation biofuel. However, the negative effects on the global food supply could pose a challenge to the growth of this market. Key vendors dominating this market space include Archer Daniels Midland, POET, BioFuel Energy Corp, Valero, and Copersucar.

The report, which focuses on Americas, EMEA and APAC indicates that the market is currently driven by the volatility of gas and oil prices. "Political unrest in the Middle East and Africa has resulted in uncertainty in crude oil prices which has encouraged many nations to promote Biofuels as an alternate solution. Many developed nations such as the United States, United Kingdom, and Germany are cutting down on their dependence on oil by increasing their investment within the Biofuels segment," reports an analyst. In spite of the need, some of the tax law changes in the EU hinder the growth of this market. However, the increased funding and subsidies from various governments are expected to promote growth. The global Biofuels market is marked by increased investment in third generation Biofuel.

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