Global Spending on Biofuels in 2011 Will Total $46.63bn

Thursday 6 October 2011, Amsterdam

During 2010-2011, the biofuels market gained increased interest as the price of oil increased rapidly. Many developed countries, such as the US and countries in the European Union, reconsidered their energy policy and significantly decreased their imports of oil. On the other side, policy makers were promoting production and consumption of biofuels, through a series of tax credits and incentives. Even though the production of biofuels is still mainly concentrated in US, Europe and South America, 2010-2011 was marked by the more diversified picture with regions such as Asia, Africa and the Middle East increasing their biofuels production. The Biofuels Market 2011-2021 report calculates that global spending on biofuels in 2011 will total $46.63bn.

Technological advances and efficiency gains including higher biomass yields per acre and more gallons of biofuel per ton of biomass could steadily reduce the economic cost and environmental impacts of biofuels production.

The last decade was characterized by the increased use of first generation biofuels. However, the forecast period 2011-2021 will be characterized by the shift from the first generation to the third generation biofuels like cellulosic biofuels and algae oil.

Though the industry will be faced with the restraints of proving the effectiveness of some of the new technologies on a commercial scale, high production cost for advanced biofuels and lack of regulatory support for the most innovative technologies in this industry, the biofuels market is likely to provide substantial opportunities for potential investors.

This report offers an examination of the biofuels market over the next decade, providing detailed market forecasts for each of the leading regional markets and offering in-depth analysis of the opportunities and challenges facing companies in the biofuels market throughout the world. The report also describes the most important technological changes within the biofuels industry and assesses their importance for the growth of the market over the long-term. The various drivers and restraints of the market are evaluated in order to provide readers with specific insights into the future direction of the biofuels market.

The Biofuels Market 2011-2021 report details the prospects for this dynamic energy sector with detailed forecasts from 2011-2021. The report will be valuable to those already involved in the biofuels market or to those wishing to enter this important market in the future. The Biofuels Market 2011-2021 report includes 88 tables, charts and graphs quantifying and forecasting the market in detail, and provides information on the 7 leading regional markets. In addition, the report offers profiles of 20 of the leading companies involved in the biofuels business.