Strong Demand & Government Support Drive Global Biofuel Industry

Given the strong demand and continues government support, the global biofuel industry is expected to grow at fast pace during forecast period.

Online PR News – 31-May-2010 – – According to our research report “Global Biofuel Market Analysis”, the biofuel industry has substantially grown across the world on the back of strong demand (both ethanol and biodiesel) for road transport. We have also found that governments of both the developing and developed nations are supporting biofuel developments for the diversification of energy sources and the improvement of environment. Thus, the global ethanol and biodiesel production is expected to grow at a CAGR around 5% and 4% respectively between 2010 and 2019.

The report has examined the biofuel industry at the regional level. The Americas (US, Canada and Brazil) dominate the global ethanol market and accounts for around 90% of the world total ethanol production. However, the EU has a strong foothold on the biodiesel market and accounts for over two-third of the total biodiesel production in the world.

Our report gives a deep insight into the trends prevailing in different regions of the world. Apart from the Americas and EU, we have also covered the Asia-Pacific biofuel market. India and China are the emerging biofuel markets both in terms of production and consumption.

“Global Biofuel Market Analysis” provides an extensive research and rational analysis of the global biofuel market. The report contains thoroughly analyzes current market trends in both developed and emerging economies in context of statistical data. The report also covers the government initiatives which help to increase demand for biofuel.

We have also provided the industry forecast based on correlation of past drivers, challenges and opportunities for expansion. The report includes forecast analysis of ethanol production and consumption as well as biodiesel production and consumption. We have studied the cost involved in biofuel production for major biofuel producers worldwide.

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