Biofuel Additives Market Revenue, Growth, Trends, Covid-19 Impact, And Forecast (2022 - 2030)
Market Highlights The global Biofuel Additives Market Revenue is projected to be valued at USD 27,520.28 million by the end of 2028, registering a CAGR of around 14.2% during the forecast period. Biofuel additives are the key constituents of petroleum products used for automobiles and transportation purposes. For instance, compared to conventional fuel gasoline and diesel, biodiesel tends to oxidize, which makes its additiveplay an important role. The diminishing petroleum reserves and the growing environmental concerns ve driven the researchers and makret market manufacturers for better and efficient approaches for producing advanced biofuels from biomass as a feedstock. Biomass provides an ultimate alternative to fossil resources. In actual fact, biomass is the only sustainable source for organic molecules and is the ideal substitute compared to petroleum for the production of biofuels and chemicals. It is an abundant, widespread, and inexpensive energy resource resulting from org