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The concept of biofuels has existed since the invention of the motor vehicle. For instance, at the beginning of the 20th century,
Henry Ford intended to power his Model Ts with ethanol, and initial diesel engines used peanut oil for running. With the discovery of enormous deposits of petroleum, gasoline and diesel was available cheaply, thereby relegating biofuels to the background. However, the recent spurt in oil prices, coupled with mounting concern related to global warming associated with carbon dioxide (CO2), emissions have resulted in the reemergence of biofuels as viable alternatives.
This report analyses the global market for Biofuels and the product segments analyzed in this report include Ethanol and Biodiesel. Rich statistical analysis is carried out for the global and the regional markets including the
North America, European Union-27 (
Sweden and Rest of EU-27),
Thailand and Rest of
South America (
Peru and Rest of
South America) and Rest of World.
The global market for Biofuels is expected to reach about 59.2 billion gallons by 2020 from 27.4 billion gallons in 2010, registering a Compounded Annual Growth Rate (CAGR) of 8% during the analysis period, 2010-2020.
Asia-Pacific is projected to be the fastest growing region in terms of both Ethanol and Biodiesel consumption with CAGRs of 16.5% and 11% respectively during the period 2010-2020.
North America is expected to be the second fastest growing region for Biodiesel consumption with 15% CAGR while
South America follows with 8.6%.
This 270 page global market report includes 140 charts (includes a data table and a graph for each chart), supported with meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global market by geographic region and Biofuel product segment.