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According to our report, "Global Biofuel Market Analysis", global ethanol production will rise at a CAGR of 6.04% during 2009-2018 to reach 33,895 Million Gallons. Tax benefits and subsidies given by governments across the globe will make the biofuel prices competitive, which in turn, play a major part in increasing their production. Moreover, many countries are going for the next generation biofuels made from wood and waste (or non-food crops) which will help to fight against the rising food prices and make biofuels cheaper.

The US ethanol production base will be accredited for growth in the world ethanol production as the US accounted for 44% of the total world ethanol production in 2008. Government's plan to introduce E85 along with the phasing out of MTBE resulted in the increased ethanol demand in the country. Since the US imports a large amount of ethanol from Brazil, the country has high potential for expanding its ethanol production capacity.

We have also found that the biodiesel production in the US has been rising over the past few years (2005-2008) and reached an estimated value of 700 Million Gallons in 2008. Moreover, the Biodiesel Blenders Tax Credit Programs and the Commodity Credit Commission Bio-energy Program have emerged as strong driving factors for the US biodiesel production.

The US government is going for the advanced biofuels i.e. second generation biofuels because second-generation biofuels decrease and ultimately eradicate the usage of landfill for different types of waste materials by changing them into fuel for cars. Presently, ethanol is produced in the US by using corn as a raw material which can have worse environmental impacts than fossil fuels because processing of corn and clearing land to grow the crop release carbon into the atmosphere.

"Global Biofuel Market Analysis" also provides comprehensive information about the global biofuel market. It discusses emerging trends in the biofuel industry and provides exclusive forecasts for biodiesel production, ethanol production, ethanol consumption, biodiesel production capacity, biodiesel demand and biodiesel demand at the regional and global level.

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