Irish report predicts South American biofuel market of $83 billion by 2016
In Ireland, Research and Markets has added “Biofuel Consumption in South America” to their report offerings. The report indicates that the South American biofuel consumption market had total revenue of $42,529.7 million in 2011, representing a compound annual growth rate (CAGR) of 25.8% between 2007 and 2011. At the same time, the report predicts a deceleration in growth and a reduction of the CAGR to 14.5%, driving the market value to $83,628.7 million by the end of 2016.
Category: Fuels
