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The global Alternative Fuel Vehicles Market is estimated to surpass $892.57 billion mark by 2026 growing at an estimated CAGR of more than 12.9% during the forecast period 2021 to 2026. Alternative fuel vehicle market is witnessing fast growth due to various driving factors including the increasing stringent regulations issued by various regulatory bodies to control emissions. Alternative fuel vehicle refers to the vehicles that use substances other than traditional gas and diesel as their source of energy. These alternative sources include solar, biodiesel, compressed air, liquid natural gas and others. The alternative fuel vehicles facilitate convenience, enhanced energy security, improved performance an above all reduced fuel costs, thereby boosting its demand among various industries. Report Coverage The report: “Alternative Fuel Vehicles Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Alternative Fuel Vehicles Market. By ...

Alternative Fuel Vehicles Market Overview The global Alternative Fuel Vehicles Market is estimated to surpass $892.57 billion mark by 2026 growing at an estimated CAGR of more than 12.9% during the forecast period 2021 to 2026. Alternative fuel vehicle market is witnessing fast growth due to various driving factors including the increasing stringent regulations issued by various regulatory bodies to control emissions. Alternative fuel vehicle refers to the vehicles that use substances other than traditional gas and diesel as their source of energy. These alternative sources include solar, biodiesel, compressed air, liquid natural gas and others. The alternative fuel vehicles facilitate convenience, enhanced energy security, improved performance an above all reduced fuel costs, thereby boosting its demand among various industries. Report Coverage The report: “Alternative Fuel Vehicles Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of...

The Asia methanol market was estimated at USD 22,255.9 million in 2017 and is expected to witness significant growth during the forecast period 2018-23.China was the major country in the consumption of methanol in 2014 and is estimated to be the major country for the same during the forecast period 2018-23. The rise in demand for petrochemicals and the advancement of new industrial segments are projected to offer new opportunities for the methanol market during the forecast period. Methanol, as a basic chemical has many applications in traditional chemical derivatives and energy related applications such as formaldehyde, acetic acid, MTBE, DME, MTO etc. Among these, formaldehyde and acetic acid applications are growing at a strong pace during the forecast period 2018-23. The Formaldehyde application in Asia generated over $4,086.4 million in 2017 and is further forecast to grow at a CAGR of 8.4% during 2018-23. What is Methanol?      Methanol is also known as wood alcoho...

The global Biodiesel Market is estimated to surpass $47 billion mark by 2023 growing at an estimated CAGR of more than 7.3% during 2018 to 2023. The key factors for the growth of this market are minimizing storage issues with stability and transportation issues with high cost of delivered fuel compared to fossil fuels; it can reduce the ecological problems such as global warming, greenhouse effect and pollution.  What is Biodiesel? Biodiesel is made from renewable feedstock such as vegetable oils, animal fats, and others by using a chemical process called Transesterification, which converts oil and fats into fatty acid methyl esters. It is used as a replacement for petroleum diesel fuel, or can be mixed with petroleum diesel fuel with other proportion. Biodiesel is capable to reduce exhaust emission as compared to petroleum diesel fuel. It is majorly used in Automotive, Aviation, Industrial, Marine, Agriculture and Mining. Request Sample What are the major applications for Biodies...