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Europe accounts for 70% of global biodiesel production
Source : businesswire.com
By 2015, the global biodiesel market value is likely to achieve a value of $62 billion, representing a growth rate of 26% p/a between 2005-2015. In volume terms, this is equivalent to 26 billion gallons. In 2009 worldwide biodiesel production capacity was in the region of 14.7 billion gallons, a figure which is expected to increase dramatically over the reporting period. There are clusters of biodiesel production activity in the US and Germany, and while the Asia-Pacific regions are showing signs of rapid growth, these regions are likely to remain as dominant markets in terms of production. Europe is currently the largest global biodiesel market and is expected to stay that way during the reporting period, representing 70% of global biodiesel production. The US market is growing at a rate of 12.8% (2010 figures), and is likely to increase its market share as it emerges from the recession.
read more ...
30 June 2011 |
Figures ::
Biodiesel ::
International
The information in this section is subject to a disclaimer.
Articles on the topic of biodiesel (190 articles)
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