US Ethanol Production Set to Grow at a 6% CAGR

The US is the biggest market player in the global biofuel industry. Ethanol, which is the dominating segment of the global biofuel industry, has already gained momentum in the US. According to our research report "Global Biofuel Market Analysis", ethanol production in the US will surge at a CAGR of around 6% during 2010-2013, on the back of federal mandate requiring ethanol use in gasoline and government fiscal incentives along with environmental concerns. Ethanol producers have been following Renewable Fuel Standard (RFS) set by authorities to add 5 Billion Gallon in the production by 2015.

We have found that ethanol production witnessed a sharp growth during the past 4 years in the US. The expansion of ethanol production capacities and supportive government programs has driven the ethanol industry. Biodiesel, the other part of biofuel industry, was initially not as lucky as that of ethanol in the US, but the rising concern for renewable energy usage made the US to think seriously on the biodiesel aspect. Thus, the biodiesel industry started picking up momentum after 2004, and is expected to expand further in future.

Our team of experts has also found that ethanol consumption in the EU witnessed a sharp rise during 2006-2009. High crude oil prices and blending requirements were the main drivers of consumption. Growth in ethanol consumption in the region will witness significant growth during 2010-2013. Rise in ethanol demand and the commencement of operation in new plants are the main reasons for the significant rise in production of ethanol.

"Global Biofuel Market Analysis" also provides crucial market information on biofuel industry worldwide. Analysis of the prevailing trends and the government initiatives have been analyzed thoroughly in the report. Our report analyzes the US, Brazil, Canada, Australia, China, India, Thailand, Japan, Indonesia, Czech, Sweden, Denmark, France, Germany, Italy, Span, the UK, Argentina, and Malaysia. The report reflects the true picture of the global biofuel industry to provide the best consultancy to clients.

For more information visit: http://www.rncos.com/Report/IM098.htm