March 27, 2013
/PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Market Data: Biofuels - Ethanol, Biobutanol, Biodiesel, Green Diesel, Synthetic Gasoline, and Renewable Biojet Consumption and Production from Biomass Resources: Global Market Sizing, Segmentation, and Forecasts
Biofuels are becoming big policy and big business as countries around the world look to decrease petroleum dependence, reduce greenhouse gas (GHG) emissions in the transportation sector, and support agricultural interests. After more than a decade of healthy growth for conventional biofuels like ethanol and biodiesel, the next wave of advanced biofuels is currently on the cusp of commercial scale-up. Cellulosic ethanol, biobutanol, biodiesel, green diesel, synthetic gasoline, and renewable jet fuel are among the emerging class of advanced biofuels poised for growth this decade.
Conventional and advanced biofuels both face a number of headwinds, however, that will cause production to miss policy targets currently in place in more than 65 countries and territories. Navigant Research forecasts that global biofuels production will reach 61 billion gallons by 2023, replacing nearly 6% of global transportation fuel production from fossil sources and generating
in new revenue over the next decade. Leading this expansion will be advanced drop-in biofuels production, with a compound annual growth rate of 14% between 2013 and 2023.
The United States
, and the countries of the European Union are expected to remain the leading biofuels markets worldwide.
This Navigant Research report provides forecasts, market sizing, and market share analysis for conventional ethanol, advanced ethanol, biobutanol, biodiesel, green diesel, synthetic gasoline, and renewable jet fuel. The report also includes comprehensive data and forecasts for biofuels blending and supply-oriented policies. The total volume of biofuels produced by fuel type and market penetration in retail fuel markets is forecast through 2023, segmented by world region and key countries or sub-regions.