Report Highlights
- The global market for liquid biofuels was worth $30.3 billion in 2008. This is expected to increase to $42.8 billion in 2013, for a compound annual growth rate (CAGR) of 7.2%.
- First generation biofuels currently dominate the market, generating $30.3 billion in 2008. This should increase at a CAGR of 7.1% to reach $42.6 billion in 2013.
- The other fuels segment is expected to increase from $17.1 million in 2008 to $138.0 million in 2013, for a CAGR of 51.8%.
INTRODUCTION
STUDY GOAL AND OBJECTIVES
This BCC Research report is designed to offer an in-depth analysis of the market for liquid biofuels in world regions other than North America. While the term “biofuels” describes solid, liquid, or gaseous fuel derived from relatively recently dead biological material as opposed to fossil fuels, which are derived from long dead biological material, for the purposes of this report biofuels will refer to liquid fuels only. At present, two biofuel types are commercially available, bioethanol and biodiesel. As the term “ethanol” has come to refer to bioethanol in common English language usage, this report also will adhere to that convention.
In addition to ethanol and biodiesel, often referred to first-generation biofuels, several more fuel types may be manufactured from raw materials derived from plant resources. These include second-generation ethanol (cellulosic ethanol), biobutanol, algae-based biodiesel, Fischer-Tropsch fuels, green gasoline, and others.
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Report Highlights
- The North American market for liquid biofuels was worth $37.3 billion in 2008. This is expected to decrease slightly to $34.2 billion in 2013, for a compound annual growth rate (CAGR) of (1.7%. )
- First generation biofuels currently dominate the market, generating $37.3 billion in 2008. This should decrease at a CAGR of -1.7% to reach $34.2 billion in 2013.
- The other fuels segment is expected to increase from $2.0 million in 2008 to $308.0 million in 2013, for a CAGR of 173.8%.
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