3/1/2012 9:55:37 AM
Global bioethanol production started in 2003 with 33,514 million liters and grew to 105,608 million liters by 2011 at a CAGR of 15.4%. This was primarily due to government support in the form of subsidies. The blending targets and excise tax credit schemes has encouraged the growth of global bioethanol market. National targets in Canada has helped to grow the bioethanol market whereas the blending targets has helped growth of the Chinese market. The global production is forecast to grow at a CAGR of 4.4% during 2011-2020, reaching 154,962 million liters in 2020. Globally the key countries for producing bioethanol in 2011 were the US, Brazil, Canada, China, India, Thailand, Germany, France and Spain. In 2011, the US accounted for 53.7% of the global bioethanol production followed by Brazil with 36.2% and Canada with 2.3%.
Global Bioethanol Market - Government Incentives and Fuel Demand to Boost Bioethanol Market
Biodiesel Market Expected to Reach 41,917 Million Liters by 2020
The global biodiesel production started in 2005 with 4,854 million liters and grew to 23,579 million liters by 2011 at a CAGR of 30.1%. Environmental concerns and rising energy security issues will increase the growth of biodiesel and the government support in the form of subsidies will further boost the biodiesel market. By 2020, global biodiesel production is expected to reach 41,917 million liters at a CAGR of 6.6% over 2011-2020.
GlobalData's report "Biofuels (Biodiesel and Bioethanol) Market - Global Production, Regulations, Export-Import Analysis and Key Country Analysis to 2020" provides an understanding of the technology, key drivers and challenges in the global biofuels market. The report includes a 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.