Global Alternative Fuels Market for Transportation (2010-2015)
By: marketsandmarkets.com
Publishing Date: July 2012
Report Code: EP 1507
Transportation is one of the highest consumers of petroleum products. With almost a billion vehicles on the planet, and the number expected to be well over 1.3 billion in the next 20 years, the demand for fuels will increase rapidly. The limited stocks for conventional crude oil has made it mandatory for almost all the countries to start looking at the prospect of alternative fuels. Ethanol is the most popular alternative fuel used for automotive applications, however other sources like methanol, etc are known to be used but in small fractions. Car manufacturers in US began to prepare engines for ethanol fuel by 1992 which not only helped in reducing pollution but also reduced pressure on fast depleting crude petroleum resources. Now, with increasing pressure on all leading nations in the world, alternative fuels are sure to be a part of the mainstream market for automotive applications in the years to come. This report will focus on the market trends, forecasts, competitive landscape for the major alternative fuels for transportation. Major companies in the market will also be profiled in-depth along with a listing of the major patents filed in the last four years.
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