Asia Pacific to be Global Ethanol Hub by 2012

RNCOS, a leading market research firm, has released a report “Global Biofuel Market Analysis” to help clients understand the biofuel industry and its hidden growth potential. The research has been done with strong focus on prevailing trends shaping the industry’s current outlook and its future prospects.

 

According to the research report, Asia Pacific has shown promising growth pattern in term of ethanol production over the last few years. For example, China registered over 21.1% CAGR in ethanol production during 2005-2008 and is expected to grow rapidly in coming years. Similarly, India has also exhibited even more rapid developments in ethanol production. The country is anticipated to see some important growth reforms in ethanol production during 2009-2012.

 

Apart from China and India, countries like Australia, Thailand, South Korea and Japan will provide significant boost to the overall ethanol industry in the region. The prime reason for encouraging ethanol production in most of the Asia Pacific countries is their dependence on imported oil. They allocate a huge reserve for oil purchase in order to meet their energy requirements. Under such scenario, the use of biofuel will certainly help them to cut their dependence on imported oil with added benefit of energy security.

 

The report has also found that developed economies like the US and European countries are not showing any sign of saturation although the global economic slowdown has had severe impact on their development programs. The study has shown that both ethanol production and consumption in the region are expected to bear post recessionary effects without any significant dent.

 

“Global Biofuel Market Analysis” is an outcome of extensive research and conceptual analysis of past and current industry trends. The report provides statistics and non- manipulative information about the biofuel industry current status and its future prospects with a deep focus on regional level developments. It also contains details government supports, Kyoto Protocol, second generation biofuel production, cost analysis and several other aspects of the industry. The report includes countries from European region – Denmark, France, Germany, Italy, Spain, UK and Czech Republic; from Americas – US, Canada and Brazil; from Asia Pacific – Australia, China, Thailand, India, Korea, Japan and Indonesia.