RNCOS has recently launched a new report "Global Biofuel Market Analysis". The global biofuel market has actually been experiencing fast growth over the past couple of years in the backdrop of diminishing nonrenewable fuel sources and destruction of environmental conditions. Since the second half of the 20th century, amid concerns about rising oil rates and greenhouse gas emissions from fossil fuels, the term biofuel has mainly pertained to indicate bioethanol (also described as ethanol) and diesel. Therefore, many economies have actually turned their attention towards biofuels. Many countries are likewise supporting the biofuel industry in the form of subsidies and tax incentives which keep the biofuel producing business successful. Even governments of various nations have actually carried out obligatory biofuel mix with the traditional fuel to increase its demand.
According to our new research study report, "Global Biofuel Market Analysis", the worldwide production of ethanol and biodiesel is expected to grow at a CAGR of around 8% and 11%, respectively during 2011-2014. The potential development in ethanol and biodiesel production depends on a number of aspects that have been thoroughly covered in this report.
Based on our research, the Americas, primarily incorporating the US, Brazil, Argentina, and Canada, accounts for maximum share in the worldwide ethanol industry. The region accounts for around 90% of the total global ethanol production. As far as biodiesel market is concerned, the EU is leading as a biodiesel manufacturer.
We have also studied growth potential customers of the biofuel industry in the establishing nations. The Asia-Pacific areas make up a huge potential in the field of biofuel production, particularly due to affordable schedule of feedstock. The nations covered under the Asia-Pacific region consist of Australia, China, India, Thailand, Indonesia, and Malaysia. All these nations have revealed excellent interest in raising the production of biofuels in order to use them as options of traditional energy sources.
"Global Biofuel Market Analysis", provides a comprehensive research study and logical analysis of the global biofuel industry and its various sectors. It provides a deep insight into the regional trends dominating across the globe. Analysis and stats relating to the market size, growth, local segmentation, and patterns in innovation advancements have been completely studied in the report to supply clients a comprehensive summary of the biofuel industry.
In addition, the report consists of information about government assistance that would help with customers to formulate appropriate techniques for the growth of business in the untapped markets. The report likewise offers comprehensive details about the 2nd generation biofuels, which will raise the production capability per acre land, together with their social and ecological advantages.
