Delhi, India (PressExposure) August 12, 2008 -- RNCOS has recently added a new Market Research Report titled, "Emerging Biofuel Market in India" to its report gallery. Tag of a developing country with a huge energy demand (it was standing at the fifth position in terms of energy consumption in the world in 2002) has forced India to depend on other countries for fuel (oil), increasing the risk exposure of the country to the volatility of crude oil prices in the international market.
Feeling the heat of shooting oil prices, India commenced its biofuel journey in 2003. Currently, ethanol dominates the Indian biofuel sector, however, biodiesel is also expected to join the commercial stream soon as the phase one of pilot projects has already been completed. So being at the initial stage, but with huge potential in terms of production, the Indian biofuel industry will prove to be a good option for biofuel producers.
This research report will help the client to evaluate the current status and opportunities in the Indian biofuel market. It studies the Indian biofuel market in detail and based on past and current trends predicts the future direction of the market.
- Ethanol dominates the world biofuel market and its production is expected to grow at a CAGR of around 6% during 2008-2017. - Worldwide biodiesel production is expected to grow at a CAGR of over 5% from 2008 to 2017. - Ethanol production of India is likely to attain a CAGR of slightly over 2% during the period 2008-2017. - Increased ethanol use is expected to supersede the production during the forecasted period. Domestic ethanol consumption in India is projected to expand at a CAGR of around 6.5% during 2008-2017. - India's total biodiesel requirement is projected to grow to 3.6 Million Metric Tons in 2011-12, with the positive performance of the domestic automobile industry. - Similar to Brazil and the US, the Indian automobile industry has huge potential for the flex-fuel vehicles.
Key Issues & Facts Analyzed
- Analysis of the market forces and challenges affecting the industry. - Study of India's potential to sustain the future growth of biofuel industry. - Evaluation of the biofuel demand scenario in India. - Study of government stand in support of biofuel in India.
Information Sources The information has been sourced from authentic and reliable sources like books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and access to over 3000 paid databases.
Analysis Method Methods like ratio analysis, historical trend analysis, judgmental forecasting, and cause and effect analysis have been fed in the report for prudent analysis.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.