Global Biodiesel Market Analysis And Forecasts To 2020
Global Biodiesel Market Analysis and Forecasts to 2020
This is an essential source of information and analysis on the global biodiesel market. This report gives an in-depth analysis of the global biodiesel market and provides forecasts up to 2020. The research analyzes key trends, major issues and growth opportunities in the global biodiesel market. Market share by production capacity, elaborate profiling of major industry participants and information on major present and upcoming production facilities provide insight into the competitive scenario in the global biodiesel industry. This coupled with information on important news and deals provide a comprehensive understanding of the market. Information on the regulatory framework and key policies governing the industry has also been dealt with in detail. ( http://www.bharatbook.com/detail.asp?id=133350&rt=Global-Biodiesel-Market-Analysis-and-Forecasts-to-2020.html )
Global Biodiesel Market Expected to Produce 45,291 million liters by 2020
Production increased from 959 million liters in 2001 to 15,760 million liters in 2009, at a CAGR of 41.9%. Supported by governments to increase energy independence and meet the rising energy demand, the biodiesel market is expected to produce 45,291 million liters of biodiesel in 2020, representing a CAGR of 10.1% during 2009 to 2020.
Europe is the Leading Biodiesel Market in the World
Europe was the leading biodiesel market in 2009 with a production share of 49.8%, followed by the Americas with a production share of 32.8% and the Asia Pacific with a share of 4.4%. The European share in biodiesel production has been declining since 2001, while the share of the Americas and the Asia Pacific increased. The top five biodiesel producers in the world are the Germany, the US, France, Argentina and Brazil. All of these countries together produce 68.4% of the worlds total biodiesel. Australia is the largest producer of biodiesel in the Asia Pacific, followed by China and India.
Renewable Fuel Standard 2 (RFS) is the Key Driver in the US Biodiesel Market
The US is the second largest producer of biodiesel in the world, producing 17.7% of the worlds biodiesel in 2009. The biodiesel market in the US is expected to reach 2,822 million liters in 2010 and 6,453 million liters in 2020. The US Government has been promoting the production and use of biodiesel through various incentives and policy measures. The Renewable Fuel Standard 2 (RFS) program has been formulated to meet the requirements of the Energy Independence and Security Act of 2007 (EISA). The revised RFS required the use of 11.1 billion gallons of renewable fuels in 2009, which will continue to increase thereafter to reach 36 billion gallons by 2022. According to the RFS 2, biodiesel is categorized as a biomass-based diesel and a minimum of 1 billion gallons is to be produced by 2012, which is over 50% more than the present amount.
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