Biofuels are derived from biomass and are a renewable form of bioenergy. With the use of advanced technologies, biofuels are extracted in solid (fuel wood, charcoal, and wood pellets), liquid (bioethanol and biodiesel), and gaseous (biogas) forms. Liquid biofuels are utilized as transportation fuels by blending them with fossil fuels at suitable proportions of 5% or 10% by volume. The solid biofuels are used for generating heat and electricity in thermal or waste to energy plants.
In the year 2010, around 107 billion liters of biofuels was produced worldwide. The report covers liquid biofuels market in Top & Emerging countries like Belgium, Brazil, Colombia, France, India, Netherlands, Spain, Sweden, Thailand, and U.S. The biofuels (bioethanol and biodiesel) production in top and emerging countries is expected to grow from 102,896 million liters in 2011 to 150,975 million liters in 2016 at CAGR of 8% for the same period. The markets representing high growth rate are Sweden (32.2%), Colombia (24.4%), India (19.7%), and Thailand (16.3%).
The biofuel industry is driven by government policies, volatile crude oil prices, applications in transport sector, benefits of low GHG emissions, and growing automobiles market. However it faces resistance from restricted use of feed stock due to limited availability, uncertain raw material prices, and high capital cost of biofuel production facilities. The industry has witnessed new opportunities in alternative feed stock developments like cellulosic, jatropha, and algae, new emerging markets and applications like aviation.
The agenda of this analyst briefing is to discuss market drivers, opportunities, and burning issues for top and emerging biofuel markets and winning imperatives for biofuel market.
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