Biofuels Boost to help the Environment

Friday 1 June 2012, Amsterdam

Government incentives and fuel demand to boost bioethanol and biodiesel markets.

The new Biofuels (Biodiesel and Bioethanol) Market - Global Production, Regulations, Export-Import Analysis and Key Country Analysis to 2020 report found that countries in Europe, Asia and North America show heavy involvement in biofuel production, displaying a global interest in the industry.

Bioethanol is produced from agricultural feedstock, and in 2011, coarse grains represented the most common raw material for bioethanol production, accounting for over a 50% share. Sugarcane, wheat, molasses, and sugar beet are also used. Global bioethanol production started in 2003, and grew at a significant rate up until the present, primarily due to government support in the form of subsidies. Growth in the global bioethanol market has been driven in Canada by national targets, and in China by blending targets, highlighting the importance of government and environmental policy within the future biofuels market.

Global production of biodiesel began in 2005, and also grew at a very impressive speed, thanks to environmental concerns and rising energy security issues. Government subsidies will support future growth of the biodiesel market. The key global biodiesel exporters in 2010 were Germany, China, the Netherlands, Argentina, Belgium and the US. These countries boast considerable biodiesel production capacities, which they use to export biodiesel to other regions, displaying global demand for biofuels.

Global bioethanol production started in 2003 with 33,514 m liters, growing to 105,608 m liters by 2011 at a CAGR of 15.4%, and is forecast to grow at a Compound Annual Growth Rate (CAGR) of 4.4% during 2011-2020 to reach 154,962 m liters in 2020. The global bioethanol trade increased from 1,257 m liters in 2006 to 1,754 m liters by 2010.

Global production of biodiesel started in 2005 with 4,854 m liters, growing to 23,579 m liters by 2011 at a CAGR of 30.1%. Production is forecast to grow at a CAGR of 3.5% during 2011-2020, reaching 4,205 m liters in 2020. In 2010, the global biodiesel trade increased to 17,950 m liters from 14,927 m liters in 2009.

The research provides an understanding of the technology, key drivers and challenges in the global biofuels market. The report provides detail overview on biofuels technology which includes bioethanol and biodiesel production process. The report provides biofuels production during the historical (2001-2010) and forecast period until 2020 for global and key countries such as Germany, France, Spain, China, Thailand, India, the US, Canada and Brazil. Key countries section in the report also covers key regulations supporting biofuels market development and biofuels import-export data for 2010.