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Global biodiesel market value is expected to reach USD$62 billion by 2015 supported by a massive CAGR of 27.6% (2010-2015) and production levels to breach 26 billion gallons by end 2015, according to Axis Research Mind.

July 10, 2010 Bookmark and Share

May, 2010 - Axis Research Mind– World biodiesel market value is expected to reach USD$62 billion by 2015 with production a forecast soaring to 26 billion gallons by end 2015 - a recent market study by Axis Research Mind portrays.  Market value is expected to witness an estimated CAGR of 27.6% during 2010-2015. Our analysis depicts that Europe will remain as the largest biodiesel market, worldwide, accounting for nearly 70% of the total production during the period. An economic rebound in the US, post-recession, could position North America in the second place among the worlds’ top biodiesel market participants in 2010 with a growth rate of 12.8%. Asia-Pacific is likely tag as the second fastest growing biodiesel market by 2015, although its growth rate lags behind North America presently. Global biodiesel production capacity was estimated at 14.7 billion gallons in 2009 and expected to grow at a faster rate with fresh participations in the industry in the upcoming years. The biodiesel hubs, Germany and the USA, are anticipated to maintain the largest biodiesel production capacities irrespective of the recession impacts and growth forecasts from Asia-Pacific.

In Europe, it is expected that by 2010, the market for biodiesel shall be 3.1 billion gallons. Further, it is estimated that by the same time, biodiesel shall represent 6% of the total on-road transportation fuel consumption in Europe. As against Europe, the market for biodiesel in the US is yet to grow; nevertheless, the growth prospects for the biodiesel market in the US are promising. Evidently, the number of retail outlets for biodiesel in the US grew from 300 in 2005 to 950 by 2006.

The market for biodiesel is improving in other parts of the world as well. This is owing to the alternative fuel policies of various governments (China, India, Brazil and Europe) to avoid petroleum import dependency and environment security concerns. Environmental concerns on carbon emission and highly volatile crude market support increase in biodiesel consumption rate in the recent years. Anticipating strict mandates on fuel emission and eco-friendly measures by government bodies, global biodiesel feedstock production is expected to witness a CAGR of 8.5% during 2010-2015.

For more details on this report, please visit
Biodiesel And Feedstocks - A Global Market Outlook

About Axis Research Mind
Axis Research Mind (www.axisresearchmind.com) is a market research firm offering customer-oriented publications in verticals such as life sciences and biotechnology, healthcare and pharmaceuticals, energy and resources, food and beverage, telecomm and many more industries. Our reports cater incisive and precise analytics and are scrutinized with a passion of success in the growing marketplace. Our USBs are self-explanatory, vast database and region-wise coverage across the sectors. We attempt to explore market dynamics explicating the risk and return measures in the industry.

For enquiry, please email-to: info@axisresearchmind.com

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