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

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The Bio Fuels are considered as Third-Generation fuels in the world. By 2020, biofuels will meet only 2-4% of total transport fuel demand in Thailand. Bio Fuels industry in Thailand 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 Thailand has witnessed a CAGR of 14.78% over 2008-12 and consumption expanded at a CAGR of 15.03% over the same period. Thailand doesn’t have abundance of resources and only few parts of the country can produce crops for bio fuels. Current Bio Diesel production of Thailand is 3.6% of World’s production. Bio fuel industry in Thailand will expand at a CAGR of 2.28% over 2015-20.

Thailand is a big producer of Bio Diesel in Asia. Thailand has set a target to produce 7.3 million liters/day Bio Diesel by 2021 under its Alternative Energy Development Plan (2012-2021). Thailand Bio Fuels Industry has become more robust after the change in the policies by central government. Liberal Bio Fuels policies and removal of trade barriers, foreign investment and Increase in fuel demand are helping the Bio Fuels sector growth in Thailand.

What the report offers:

The study elucidates the situation of Thailand 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 Thailand. 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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