Noida, India (PressExposure) November 24, 2009 -- In our market research offering âGlobal Biofuel Market Analysisâ, we have investigated into hidden potential of the global biofuel industry and its growing importance in todayâs world when traditional energy resources are gradually depleting. Extensive research and rational analysis of all important industry segments indicate towards highly lucrative and untapped global biofuel market which is seen as a possible replacement of crude oil.
We have found that the biofuel market is highly concentrated in the American region particularly in the US and Brazil. In 2008, these high potential markets together accounted for over two thirds of the global ethanol production which points to their ascendency on biofuel production. Immense support from regional governments has undoubtedly been a strong factor in growth of the biofuel industry but efforts in other areas such as huge investment in the development of new technologies and methods for biofuel production could not be discarded.
Although the American region has stronghold on the global biofuel industry, Asia-Pacific countries are also trying hard to make their presence felt by raising their contribution to the total production. For example, Australia is planning to increase its ethanol production base by 2009-10. The government is planning to mandate 10% ethanol use by 2012, which will definitely create a huge demand for ethanol in the country.
Our research has also found that the demand for feedstock is increasing with the development of biofuel industry. Most of the ethanol feed stocks are either based on sugarcane or corn which are traditionally used for sugar production or as food. Thus, increased demand for feedstock has accelerated food inflation in many regions; consequently, countries are investing huge amount of money to develop new substitutes for present raw material used for ethanol production.
âGlobal Biofuel Market Analysisâ contains valuable information, quantitative data, comparable statistics and unbiased analysis of the world biofuel market and its various segments together with discussion on changing trends in the industry. It gives a deep insight into regional trends prevailing in the biofuel market across the globe. Analysis and statistics regarding market size, growth, regional segmentation and trends in technology developments have been thoroughly covered in the report to provide clients a comprehensive overview of the concerned market.
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