New research says transportation sector will drive adoption of liquid biofuels

May 20, 2023 |

In the UK, Fairfield Market Research reported that the increasing use of biofuels by the transportation sector will boost the adoption of biofuels.

“Liquid biofuels have been here for around a couple of decades now; however, their application in transportation sector has been prominent and will drive the market growth ahead. With more governments eying energy-independent public transport systems, adoption of liquid biofuels will see an uptrend,” the report stated.

The report also highlighted that liquid biofuels especially are expected to provide the industry with some concrete, sustainable fuel alternatives that are also safer, and cleaner. Given the rate of advanced biofuel consumption by transport sector, the transportation biofuels segment is projected to remain dominance in the liquid biofuels market in long run.”

“Toward the end of 2030, the adoption of biofuels by transportation sector is likely to grow exponentially, and we believe there would be a whopping threefold growth in revenues for liquid biofuel producers in the industry,” the report added.

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Category: Fuels

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