In this sub-category our Renewable Energy Market Reports includes extensive study on the growing Bio-Diesel and Bio-fuel markets. With the topsy-turvy ride in the oil and other conventional sources of energy, Bio-Diesel and Bio-fuel markets have caught much attention recently. These are booming markets with lot of potential. It has been noticed that there is an impressive increase in the usage of bio-fuels in transport in the recent times. This is well evident by an increase in bio-fuel production from 19 million Mtoe in 2005. Considering the growing usage of bio-fuels, bio-fuel production is expected to reach 102 Mtoe or even 164 Mtoe by 2030.
Not only in transport but the demand for bio-fuel is growing in the other segments too. There are some key players namely the U.S, Brazil and EU which are driving majority of the bio-fuel demands. All these facts are indicating positive Renewable Energy Industry trends. This is also a solid driver for economy going forward; hence, the government is also supporting this growth in demand with positive energy policies. Despite bright future, bio-diesel and bio-fuel markets are still in infancy phase and can face some near term headwinds regarding the production. But for the long term, this market looks booming also the next generation bio-fuels are under production and are expected to overcome these headwinds which is further expected to boost the overall market performance.
Ethanol demands are also seeing a roller coaster ride. The U.S and Brazil stills holds monopoly for the largest producers seeing this there has been an impressive increase in the number of players in the space. It is expected that the Ethanol production will double till 2017. Not only the U.S and Brazil but now the entry of China, India and several African countries into the space are likely to drive Ethanol demand in future.