SOURCE: MarketResearch.com

MarketResearch.com

October 25, 2010 10:08 ET

Biofuel Spending to Reach $41 Billion in 2010

ROCKVILLE, MD--(Marketwire - October 25, 2010) -  MarketResearch.com has announced the addition of Visiongain's new report "The Biofuels Market 2010-2020" to their collection of Biodiesel & Biofuels market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2831281

This report offers in depth analysis of biofuels as one of the growing elements of the energy industry. Biofuels offer a number of environmental, social, and economic advantages, including lower emissions of harmful pollutants; decreased greenhouse gas emissions; increased employment in many rural areas due to additional agricultural chains; decreased dependence on oil imports; and enhanced fuel properties for vehicles.

The renewed focus on biofuels after the 2008-2009 financial crises can be attributed to increasing government support for biofuel producers, tax exemptions and subsidies. The subsequent rise of many small biofuel companies and bio refineries in the US, Brazil, Europe and Asia has increased competition and diversified the global market towards third generation biofuels like cellulosic biofuels and algae oil in particular. According to the report, global spending in 2010 on biofuels will total $41bn.

How much are individual regions planning to spend on biofuels between 2010 and 2020? How much will biofuels' demand increase over the period 2010-2020? Who are the leading producers of biofuels? Where are the growth opportunities over the next decade -- in which geographical region and with which type of technology? Who are the leading companies in the biofuels industry? These critical questions and many more are definitively answered in this comprehensive report.

"The Biofuels Market 2010-2020" outlines trends in the flourishing biofuels industry and anticipates the direction of the market over the next decade, outlining the strengths and weaknesses of different markets with targeted sales forecasts.

The report analyzes, quantifies and forecasts the expected spending in the global and regional biofuels markets over the period 2010-2020. These forecasts are underpinned by Visiongain's forecast of biofuels' demand as an emerging alternative to crude oil over the period 2010-2020.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2831281

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