Biofuel testing services market growth seen limited

October 16, 2019 |

In the UK, despite an impressively growing preference for biofuels for transportation purposes and the rising demand for biofuel testing services, the high costs associated with biofuel testing services will continue to limit the growth of market over the next few years. With strong signs of biofuels entering the mainstream, it is highly likely that the affordability of biofuel testing services will improve, thereby pushing the market revenues.

On the basis of the geography, North America is anticipated to capture the significant share of the biofuel testing services market due to increasing ethanol production in the United States. In Latin America, there is increasing demand for the biofuel testing services as Brazil is one of the prominent producers of biodiesel. Thus, these factors are fueling the growth of biofuel testing services market in these regions.

Moreover, Europe is estimated to be a prominent region in the global biofuel testing services market due to high production of biogas. Europe is the leading producer of biomethane as a vehicle fuel. Biogas production has increased in EU in last few years due to renewable energy policies adopted by the country.

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