Biofuels Market in China Is Expected to Reach USD 16.88 Billion by 2016
Biofuels market in China to grow at a CAGR of 16.88 percent over the period 2012-2016. One of the key factors contributing to this market growth is the rapid growth of the Transportation sector. The Biofuels market in China has also been witnessing an increased demand for energy. However, the high capital costs involved in the production of biofuels could pose a challenge to the growth of this market.
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