Posted in | News | Biofuels | Renewable Energy

Global Fuel Ethanol Market to Reach $98.5B by 2017

Research and Markets has announced the addition of the "Growth Opportunities in the Global Fuel Ethanol Market 2012-2017: Trends, Forecast and Market Share Analysis" report to their offering.

The global fuel ethanol market has experienced significant growth over the last five years and is expected to continue its growth momentum, reaching approximately US $98.5 billion by 2017 with a CAGR of 14.2% over the next five years.

Lucintel, a leading global management consulting and market research firm, has analyzed the global fuel ethanol market and presents its findings in Growth Opportunities in the Global Fuel Ethanol Market 2012-2017: Trends, Forecast, and Market Share Analysis Lucintel's research indicates that the during 2006-2011, high growth in annual production was a combined effect of increasing mandates supplemented by tax concessions and other forms of government support. The implementation of policies calling for growing fuel ethanol use means that global fuel ethanol production is projected to increase.

The global fuel ethanol market is anticipated to witness a double-digit growth through 2017. Despite the controversies that have surrounded biofuel over the last two years such as sustainability, food versus fuel, etc., biofuel supply and demand is expected to rise over the 2016 timeframe. North America was the leading region in terms of total fuel ethanol production; however, the European region witnessed the highest growth rate, driven by rising demand of ethanol as a renewable and clean transportation fuel component.

Research by Lucintel indicates the market is expected to grow in profitability in the coming years due to rising demand for renewable and clean fuels. Based on the fundamentals of the industry and the competitive environment, the analysis reveals that the past trends are expected to continue in the near future.

Source: http://www.researchandmarkets.com/

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