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NewswireTODAY - /newswire/ -
Noida, Uttar Pradesh, India, 2010/08/16 - Increasing domestic biofuel consumption in Brazil will lead the production of ethanol and biodiesel in the years to come, with demand for ethanol to grow at a CAGR of around 7% during 2010-2013.
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Brazil has led the world by sustainable increase in biofuel production for more than 30 years. The country is emerging as the world leader in advanced, sustainable biofuel investments, along with new technologies from the private sector partners in the US and EU. According to our research report “Global Biofuel Market Analysis”, ethanol demand will increase in the Brazilian market with the rising number of Flex Fuel Vehicles (FFVs) on the roads. The number of FFVs is considered a leading indicator of potential ethanol demand as almost half of the ethanol used in Brazil is pumped straight into the tanks of those vehicles. Ethanol demand is projected to grow at a CAGR of around 7% during 2010-2013.
Our research has found that Brazil is the second largest ethanol producer in the world. With the government support, large sugarcane crops and high sales taxes on gasoline, the country will see an upsurge in the ethanol industry. Besides, the rising use of ethanol in transportation will raise ethanol production, which is projected to grow at a CAGR of around 6% during 2010-2013. We have also found that Brazil is one of the largest ethanol exporters in the world due to its cost-efficient production. The country has trade with big countries like the US, China and India.
Our team of experts has found that biodiesel demand in Brazil has been consistently rising for the past few years. In 2008, biodiesel demand rose by around 167%. The blend ratio increased to 4% in 2009 that raised biodiesel demand by around 39% against the previous year. In 2010, the mandatory blend ratio for biodiesel has increased by one percentage point which is expected to raise biodiesel demand during 2010-2013.
“Global Biofuel Market Analysis” covers biofuel production, consumption, trade and status of feedstock in the Americas, Asia Pacific, and Europe with 19 country level analysis. The report also provides regulatory framework and recent developments in these countries. The report provides all necessary information of the biofuel market worldwide, with future projections till 2013. The report reflects the true picture of the global biofuel market to help our clients making prudent investment decision.
Report/IM098
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