Government incentives and fuel
demand to boost bioethanol and biodiesel markets, according to a new report by energy
intelligence company.
The new 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 million liters, growing to 105,608 million 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 million liters in 2020.
The global bioethanol trade increased from 1,257 million liters in 2006 to
1,754 million liters by 2010.
Global production of biodiesel
started in 2005 with 4,854 million liters, growing to 23,579 million 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 million
liters in 2020. In 2010, the global biodiesel trade increased to 17,950 million
liters from 14,927 million liters in 2009.
*Biofuels (Biodiesel and Bioethanol) Market - Global Production,
Regulations, Export-Import Analysis and Key Country Analysis to 2020
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.
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