Philippines Automobile Bio Fuels Market - Market trend, Growth and Opportunities (2020 - 2025)

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By 2020, biofuels will meet 10% of total transport fuel demand in Philippines by 2020. Bio Fuels industry in Philippines  will gain its momentum on account of increasing fuel consumption, continuous depletion of natural resources, economic strengthening and change in policies. Bio Fuels production in the Philippines has witnessed a CAGR of 17.8% over 2008-12 and consumption expanded at a CAGR of 14.4% over the same period. Philippines doesn’t have abundance of resources and only few parts of the country can produce crops for bio fuels. Philippines is a major disaster affected area. Current Bio Diesel production of Philippines is 0.6% of World’s production. Bio fuel industry in Philippines will expand at a CAGR of 8.63% over 2015-20. Lack of agricultural land is a major factor of precise production in Philippines.              

Philippines is a big producer of Bio Diesel in Asia but produces only enough quantity to fulfill local needs. Philippines has Eleven (11) Bio-refineries.

What the report offers:

The study elucidates the situation of Philippines and predicts the growth of its Automobile Bio-Fuel Industry. Report talks about growth, market trends, progress, challenges, opportunities, technologies in use, growth forecast, major companies, upcoming companies and projects etc. in the Automobile Bio-Fuel sector of Philippines. In addition to it, the report also talks about economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on the growth of this sector. Lastly, the report is segmented by various types’ Automobile Bio-Fuel available in the country.

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