Globally the production and consumption of Biofuel is on the increase along side stable prices. Brazil features as the new face of global bio-fuel production and export.
Globally, U.S leads the production of bio-ethanol and contributes the largest chunk of supplies. Brazil is fast pacing up as a serious contender in the Biofuel Market Worldwide.
In 2004, Brazil’s production and export figures for fuel ethanol stood at 16 billion liters and 2.8 billion liters respectively. The country today accounts for nearly 50% of the world’s total world Ethanol and Biodiesel production and is spearheading the expansion of trade in the Biofuel Market.
RNCOS’ research report, “Biofuel Market Worldwide (2006)“, finds that over the last decade the production of Bio-Ethanol in Brazil has been higher as compared to gasoline. In 2004, the figures for Bio-Ethanol and gasoline stood at 16 billion liters and 15.8 billion liters respectively.
Analysts predict that the Biofuel Market is likely to grow at the rate of more than 10% by the end of the year 2010. Over the same period production is likely to exceed 49 billion liters. Cost analysis of Biofuel reveals that Ethanol production costs are driven by prices of agricultural commodity and natural gas. This makes it both economically and technically feasible.
This report offers an in-depth analysis of the emerging Biofuel market and answers probable questions, like:
- What are the major market trends in the Biofuel industry?
- What are the inferences related to cost analysis of the Biofuel?
- What are the regional variations in Ethanol and Biodiesel Production?
- What are the future prospects in the World Ethanol and Biodiesel Production?
- What are the opportunities in the Biofuel Market Worldwide?
- What are the factors that drive the Biofuel market Worldwide?
- What are the various government support programs and Major Biofuel projects?
The report “Biofuel Market Worldwide (2006)” provides an updated and detailed overview of the global Biofuel market. This report is very much helpful for understanding the market dynamics of the Biofuel market.
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Source: RNCOS August 11, 2006.