The Biofuels Market 2011-2021Visiongain
September 19, 2011
169 Pages - SKU: VSG6606639
4.6 Australasian Biofuels Market
The Australasian region has a small but strong biofuels market as compared to other developed regions of the world. A strong culture of investing in renewable sources of energy and commitment to reduction in greenhouse emissions has been the primary drivers for the growth of the biofuels industry in the region. Visiongain calculates that the Australasian biofuels market is worth $2.38bn in 2011 and it is expected to increase to $3.62bn in 2016, reaching finally $5.48bn in 2021. The projected CAGR for the period 2011-2016 is 8.7%, while for the period 2016-2021 it will be 8.6%. Finally, for the whole period 2011-2021, CAGR will be 8.7%.
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