Irving, TX—February 23, 2012: The global biodiesel market has witnessed unprecedented growth over the last five years and is expected to continue its growth momentum, reaching approximately US $64 billionby 2017with a CAGR of 19% over the next five years.
Lucintel, a leading global Management Consulting and market research firm, has analyzed the global biodiesel marketand presents its findings in “Growth Opportunities in the Global Biodiesel Market 2012–2017: Trends, Forecasts, and Market Share Analysis.”
The biodiesel market, which initially was driven by European Union (EU), has now spread to other regions of the world. The Rest of the World (ROW) and Asia Pacific(APAC) are expected to experience tremendous growth in biodiesel supply and demand by 2017, driven primarily by public policy support. The use of biodiesel in the transportation sector is gaining traction where nontoxic properties, biodegradability, lower emissions, and other performance benefits are critical. Nevertheless, high cost continues to be a restricting factor for higher penetration inthe automotive market.
Lucintel’s research outlines that, despite the controversies surrounding biofuel such as sustainability and food versus fuel, biofuel supply and demand is projected to grow over the forecast timeframe. Ethanol is projected to occupy major percentage of the total biofuel production while biodiesel is expected to more than double in demand from 2011 levels.
APAC is expected to enjoy the highest growth rate in biodiesel production, while EU is expected to have the highest revenue value in the annual biodiesel market in 2017.Industry experts consider APAC a potential growth market because of countries with large populations and burgeoning automotive markets. Lucintel’s analysis on the competitive landscape and industry fundamentals indicates that the market is likely to remain profitable over the next five years.
The report, which provides trend scenarios and forecast statistics for 2012–2017, details drivers and challenges,industrybackground and characteristics,and makes an elaborate analysis of the biodiesel market, while also describinggrowth opportunities and emerging trends in the biodiesel market.
For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or email helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com.
Contact:
Steve Parker, +1-972-636-5056 or via email at helpdesk@lucintel.com.