Green Gasoline Market: development and mergers and acquisitions for production of Green Gasoline
Increasing preference of environment-friendly biofuels, favorable government initiatives, lower GHG emissions generated from the use of Green Gasoline, and rising demand from automotive & industries end-use are key factors contributing to a high CAGR of Green Gasoline market during the forecast period.
Green Gasoline Market Size – USD 253.2 Million in 2018, Growth - CAGR of 3.7%.
According to the current analysis of Reports and Data, the global Green Gasoline Market was valued at USD 253.2 Million in 2018 and is expected to reach USD 3.1 Billion by the year 2026, at a CAGR of 3.7 percent. Green gasoline, also known as bio-gasoline or renewable gasoline, is a biomass-derived fuel through a variety of biological, thermal, and chemical processes, which is suitable for use in industrial and automotive applications such as in spark-ignition engines. The fuel meets the ASTM D4814 specification in the U.S. and EN 228 in Europe. Green gasoline fuel is used in vehicles that are aimed to run on this fuel without requiring engine modifications and can use the existing petroleum fuel pipeline structures and retail distribution systems.
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