Global Biodiesel Market Analysis and Forecasts to 2020

Global Biodiesel Market Expected to Produce 45,291 million liters by 2020

Production increased from 959 million liters in 2001 to 15,760 million liters in 2009, at a
CAGR of 41.9%. Supported by governments to increase energy independence and meet
the rising energy demand the biodiesel market is expected to produce 45,291 million
liters of biodiesel in 2020, representing a CAGR of 10.1% during 2009 to 2020.

Europe is the Leading Biodiesel Market in the World

Europe is the leading biodiesel market with a production share of 49.8% followed by the
Americas with a production share of 32.8% and Asia Pacific with a share of 4.4% in 2009.
European share in the biodiesel production has been declining since 2001 while the
share of Americas and Asia Pacific increased. The top five biodiesel producers in the
world are the Germany, The US, France, Argentina, and Brazil. All of these countries
together produce 68.4% of the world’s total biodiesel. Australia is the largest producer
of biodiesel in Asia Pacific followed by China and India.

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Renewable Fuel Standard 2(RFS) is the Key Driver in the US Biodiesel Market

The US is the second largest producer of biodiesel in the world, producing 17.7% of the
world’s biodiesel in 2009. The biodiesel market in the US is expected to reach 2,822
million liters in 2010 and 6,453 million liters in 2020. The US Government has been
promoting the production and use of biodiesel through various incentives and policy
measures. The Renewable Fuel Standard 2 (RFS) program has been formulated to meet
the requirements of the Energy Independence and Security Act of 2007 (EISA). The
revised RFS requires the use of 11.1 billion gallons of renewable fuels in 2009 which will
continue to increase thereafter to reach 36 billion gallons by 2022. According to RFS 2,
biodiesel is categorized in the biomass based diesel category and minimum 1 billion
gallons is to be produced by 2012 which is over 50% more than the present levels.

Future Outlook for German Biodiesel Market is Bleak

The German biodiesel market is facing a bleak outlook due to the impostion of taxes
which have made biofuels too expensive for its consumers. Though the country is the
largest producer of biodiesel in Europe, the future for the market looks weak. This is
mainly due to the taxes the German government has imposed on green fuels. Another
factor that has contributed to the negative outlook of the German biodiesel market is
the generous export subsidies received by the US producers. The EU has now imposed
an import tariff on US biodiesel imports to protect the European market. The country
has reduced the blending target to 6.3% in 2010 from 6.8% as set out previously in the
plan to cut carbon dioxide emissions, although the specific blending mandates for
biodiesel will remained unchanged until 2014.

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Stimulus Package for Alternative Fuel Vehicle Manufacturing is a Major Driver in the
Chinese Biodiesel Market

China has become the world’s largest automotive market in terms of units sold,
surpassing the US. This, coupled with the country’s concern for energy security, has led
to increased interest from the government in developing the alternative fuel vehicle
market in the country. In 2009, the government of China provided a 10 billion yuan
($1.5 billion) subsidy for three years to automakers who upgrade their technology and
develop alternative fuel vehicles. This stimulus package will result in rising activity in the
biofuels sector in the country.

“Global Biodiesel Market Analysis and Forecasts to 2020” is the latest research from
GlobalData. This report gives an in-depth analysis of the global biodiesel market and
provides forecasts up to 2020. The research analyzes key trends, major issues and
growth opportunities in the global biodiesel market. Market share by production
capacity, elaborate profiling of major industry participants and information on major
present and upcoming production facilities provide insight into the competitive scenario
in the global biodiesel industry. This coupled with information on important news and
deals provide a comprehensive understanding of the market. Information on the
regulatory framework and key policies governing the industry has also been dealt with
in detail.

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http://www.globaldata.com/reportstore/Report.aspx?ID=Global-Biodiesel-Market-
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Contact Information:
Rajesh Gunnam
rgunnam@globaldata.com
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