MarketsandMarkets: Global Biodiesel Market Worth US$12.6 Billion by 2014

February 16, 2010

DALLAS, February 16, 2010 /PRNewswire/ — According to a new market
research report, ‘Global Biodiesel Market (2009 – 2014)’, published by
MarketsandMarkets ( http://www.marketsandmarkets.com), the total global
Biodiesel market is expected to be worth US$12.6 billion by 2014, out of
which the European and Americas market will account for nearly 55.6% and
28.6% of the total revenues respectively. The global market is expected to
record a CAGR of 7.8% from 2009 to 2014.

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Increasing environmental concerns and the need for energy independence
have led to the biodiesel market. Despite the economic recession, global
biodiesel production totaled 5.1 billion gallons in 2009, representing a
17.9% increase over 2008 levels. The biodiesel market is expected to grow
from $8.6 billion in 2009 to $12.6 billion in 2014. Market growth is
primarily dependent on the availability, quality, and yield of feedstock, as
it accounts for 65% to 70% of the cost of biodiesel production.

Biodiesel derived from rapeseed oil forms the largest segment of the
overall market. Germany is the single largest producer of biodiesel with 2.8
million tons produced in 2008. The biodiesel market also offers immense
opportunities countries such as U.K., India, and China, as these regions have
high diesel fuel prices and a large number of diesel fueled vehicles.

While growth may be affected by feedstock availability issues and the
food v/s fuel debate, the market is expected to witness a paradigm shift with
the increasing conversion efficiency of existing feedstock, and the
development of newer feedstock sources such as algae.

Transportation forms the main application market for biodiesel, with
automotives accounting for 70% of the global biodiesel production. As the use
of conventional fuel for transport purposes is increasing greenhouse gas
emissions at an alarming rate, governments across the globe have begun
providing incentives for green energy.

Europe is currently the world’s largest biodiesel market; and is expected
to be worth $7.0 billion by 2014 with a CAGR of 8.4% from 2009 to 2014. The
growth of the European biodiesel market is driven mainly by governmental

Scope of the report

The report analyzes the global biodiesel market for the four major
geographies of the Americas, Europe, Asia, and ROW. The report segments the
overall market as follows:

    - Biodiesel Feedstocks: Edible oil: Soybean oil, Rapeseed oil,
      Palm Oil; Non Edible oil: Jatropha, Pongamia; Animal Fat; Others:
      Algae, Sunflower

    - Biodiesel Applications: Automotive, Marine, Heating Oil,
      Railways, and others.

    - Biodiesel Technology: Transesterification

Analyst Briefing Presentation on the global biodiesel market to be held
on 5th March 2010

The energy and power supplies practice at MarketsandMarkets is pleased to
announce its Analyst Briefing Presentation on the global biodiesel market (
.html) to be held on 5th March 2010.

To register your participation, please click here

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SOURCE MarketsandMarkets

Source: newswire

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