NewswireToday - /newswire/ -
London, United Kingdom, 2008/10/24 - ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report which provides an updated and detailed overview of the biofuel market at world level in general and Asia-Pacific in particular.
Report Buyer, has added a new report which provides an updated and detailed overview of the biofuel market at world level in general and Asia-Pacific in particular.
The report “Asia Pacific Biofuel Market Forecast” expects to witness a rapid growth in the biofuel production in the near future as rising population and high economic activities in the region are leading to an increase in the demand for primary energy, particularly for transportation and industrial use. The report suggest that with biofuels, Asia-Pacific economies will be able to take care of their expanding energy demand and maintain energy security.
As all the major Asia-Pacific economies are net importers of energy, they are more vulnerable to volatility of oil prices. This makes energy security a vital issue for these countries. Fluctuating oil supply with soaring oil prices is encouraging the high energy consuming countries of the region to search for a sustainable and indigenous alternative source of energy. This has led to several countries starting to support the biofuel industry on a big scale.
Furthermore, authors of the report say that as the majority of the Asia-Pacific countries depend heavily on oil-based energy, biofuels can prove to be ready-made solution to satisfying the spiralling energy requirements in the region. As biofuels can easily be used with traditional fossil fuels by making little modifications in the engine to achieve 100% efficiency from biofuels, this can prove to be a long-term solution for oil security in the region.
The report gives an informed insight and objective analysis on the global biofuel industry in general and the Asia-Pacific biofuel industry in particular. It examines the emerging trends, different categories of the biofuel industry, emerging markets, region-wise snapshots of biofuels with opportunities and challenges critical to the success of the industry. The research study tracks the performance of different biofuels and evaluates their future prospects.
“Asia Pacific Biofuel Market Forecast” is available from Report Buyer. For more information, see website.
Report Buyer product ID: RCS00356
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