Noida, UP -- (SBWIRE) -- 01/11/2011 -- According to our research report “Global Biofuel Market Analysis”, the global biofuel industry has been witnessing sustainable growth and developments for the past few years in the backdrop of depleting fossil fuels and degradation of environmental conditions. Therefore, many economies have shifted their attention towards biofuels. Due to this, the global production of ethanol, one of the biofuel, is expected to grow at a CAGR of around 8% during 2010-2013. The US ethanol production base will be the main reason for the world ethanol growth. The US is planning to introduce E85. So, to match up its domestic ethanol demand as a result of this move, the US has planned to improve its ethanol production base in coming years.
Brazil will continue to be ranked as the second largest ethanol producer in the long run and it is expected that its future development for ethanol production will be export-oriented. Hence, the government support and inclination towards the green fuel in the US, Brazil, and the EU will support the increased level of ethanol production through the sustainable demand growth. On the other hand, our study reveals that EU is the leading biodiesel producer. It accounts for around 60% of the total global biodiesel production.
The prospective growth in ethanol and biodiesel production depends on several factors that have been thoroughly discussed in the report. Our research study has analyzed the biofuel industry along with biodiesel and ethanol. It also provides a statistical view on ethanol production, biodiesel production, and cost analysis of biofuel. We have also done a regional level analysis by segmenting the market into Americas, Asia-Pacific, and Europe.
Analysis and statistics regarding the market size, growth, regional segmentation, and trends in technology developments have been thoroughly studied in the report. In addition, it contains information about the government support, and biofuel distribution issues to help clients formulate appropriate strategies for the expansion of business in untapped markets. The study also provides brief information about the second generation biofuels, which will raise the production capacity per acre land, along with their social and environmental benefits.
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