Abstract
Decreasing oil production from almost all the oil reserves, rising energy
consumption and environmental issues are attracting the world towards
renewable energy sources, particularly biofuels, says "Global Biofuel Market
Analysis", latest research report by RNCOS.
The future of biofuel industry looks promising, especially as the local
governments are taking initiatives to promote alternative fuel to meet the
targets; e.g., the US pledged to nearly double ethanol production by 2012, and
the European Community recently announced that biofuel will meet 10% of their
transportation fuel needs by 2020.
The report provides an updated and detailed overview of the world biofuel
market. It rationally examines the emerging trends in the worldwide biofuel
industry and provides exclusive forecasts and region-wise snapshots of
different product categories across the world, with their future markets. It
also gives an overview on the development of new technologies and biofuel
plants (online and/or under-construction during 2007 and 2008).
Key Findings
- The value of world biofuel market is expected to grow at a CAGR of more
than 12.3% from 2007 to 2017.
- Global ethanol market (production) is expected to reach around 27,000
Million Gallon by the end of 2014.
- Global biodiesel industry is projected to grow and touch around 3,900
Million Gallon by 2014.
- US ethanol production is expected to dominate the global market; however,
increased corn prices will be a matter of concern for ethanol production in
future.
- Brazil is the second largest ethanol producer in the world and it is
expected that the production level will move ahead at a CAGR of just over 6.5%
during 2008-2017.
Key Issues and Facts Analyzed
- Major market trends in the global biofuel industry.
- Current cost analysis of biofuel.
- Variations among the regional markets on the basis of their policies and
trends.
- Driving factors for the biofuel market worldwide.
- Various government support programs and major biofuel projects.
- Opportunities for biofuel in the global market.
Key Markets Analyzed
This section covers the main products like Biodiesel, Ethanol and the
feedstock for these products in different regions, including Australia, China,
Thailand, Brazil, Canada, the US, Czech Republic, Denmark, France, Germany,
Italy, Spain, Argentina, India, Indonesia, Japan, Malaysia and the UK.
Research Methodology Used
Information Sources
Information has been sourced from books, newspapers, trade journals, white
papers, industry portals, government agencies, trade associations, monitoring
of industry news and developments, and access to more than 3000 paid databases.
Analysis Method
Methods like ratio analysis, historical trend analysis, linear regression
analysis using software tools, judgmental forecasting, and cause and effect
analysis have been used in the report for objective analysis.
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