RNCOS has recently released a new report “Global Biofuel Market Analysis”. The worldwide biofuel industry has been witnessing rapid growth over the past few years in the backdrop of depleting nonrenewable fuel sources and destruction of environmental conditions. Since the second half of the 20th century, amidst issues about increasing oil prices and greenhouse gas emissions from nonrenewable fuel sources, the term biofuel has actually mostly pertained to mean bioethanol (also described as ethanol) and diesel. Therefore, numerous economies have actually turned their attention towards biofuels. Many countries are likewise supporting the biofuel market in the form of subsidies and tax incentives which keep the biofuel producing companies rewarding. Even governments of different countries have actually executed mandatory biofuel mix with the traditional fuel to increase its demand.

According to our new research study report, “Global Biofuel Market Analysis”, the global production of ethanol and biodiesel is anticipated to grow at a CAGR of around 8% and 11%, respectively throughout 2011-2014. The prospective growth in ethanol and biodiesel production depends upon a number of factors that have been completely covered in this report.

Based on our research, the Americas, mainly incorporating the US, Brazil, Argentina, and Canada, accounts for optimal share in the worldwide ethanol market. The region accounts for around 90% of the total global ethanol production. As far as biodiesel market is worried, the EU is leading as a biodiesel manufacturer.

We have also studied growth prospects of the biofuel industry in the developing countries. The Asia-Pacific areas constitute a massive capacity in the field of biofuel production, especially due to cost-effective accessibility of feedstock. The nations covered under the Asia-Pacific region consist of Australia, China, India, Thailand, Indonesia, and Malaysia. All these nations have revealed terrific interest in raising the production of biofuels in order to utilize them as alternatives of conventional energy sources.

“Global Biofuel Market Analysis”, supplies a substantial research and reasonable analysis of the international biofuel market and its different sectors. It provides a into the regional trends prevailing throughout the world. Analysis and data relating to the marketplace size, growth, regional segmentation, and trends in technology developments have been completely studied in the report to provide customers a comprehensive summary of the biofuel market. In addition, the report contains info about government support that would assist in customers to formulate proper strategies for the expansion of organization in the untapped markets. The report likewise offers in-depth information about the 2nd generation biofuels, which will raise the production capability per acre land, along with their social and environmental advantages.