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Noida, Uttar Pradesh, India, 2011/09/07 - Expansion of ethanol production capacities and supportive government programs have enabled the US to hold about 49% share in the global ethanol production, says a new research report from RNCOS.
According to our report,“Global Biofuel Market Analysis”, the US is the biggest market players in the global biofuel industry. Ethanol, which is the dominant segment of the global biofuel industry, has already gained momentum in the US. The expansion of ethanol production capacities and supportive government programs has driven the ethanol industry. Moreover, a federal mandate requiring ethanol use in gasoline and government fiscal incentives accelerated an ongoing push to build plants that use corn feedstock to produce fuel ethanol. As a result, we anticipate that the US will grasp about 49% share in the global ethanol production by 2014.
As per our research, within the ongoing quest for an increasing replacement of fossil energy, biofuels are currently seen as a solution to partly substitute conventional fuels like gasoline and diesel. Although the capacity of fuel-converted biomass is and should be limited, biofuels today represent the sole option for a larger scale substitution of mobility-oriented energy carriers.
We have also found that the next-generation biofuels like Drop-in fuels including algae biofuels, Synfuels, Green Diesel, Biobutanol, biofuels from biomass, and biofuels from all types of wastes including city or farm waste, Cellulosic Ethanol, artificial photosynthesis etc. are gradually becoming popular all over the world. The switch to next-generation biofuels will reduce competition with grain for food and feed, and allow the utilization of materials like straw which would otherwise go to waste.
Our report,“Global Biofuel Market Analysis”, provides an extensive research and rational analysis of the global biofuel industry and its different segments. It provides a deep insight into the regional trends prevailing across the globe. Analysis and statistics regarding the market size, growth, regional segmentation, and trends in technology developments have been thoroughly studied in the report to provide clients a comprehensive overview of the biofuel industry. In addition, the report contains information about government support and biofuel distribution issues to help clients formulate appropriate strategies for the expansion of business in untapped markets.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.