Irving, TX (PRWEB) August 16, 2012
The global fuel ethanol market has experienced significant growth over the last five years and is expected to continue its growth momentum, reaching approximately US $98.5 billion by 2017with a CAGR of 14.2% over the next five years.
Lucintel, a leading global management consulting and market research firm, has analyzed the global fuel ethanolmarketand presents its findings in “Growth Opportunities in the Global Fuel Ethanol Market 2012–2017.”
Lucintel’s research indicates that the during 2006-2011, high growth in annual production was a combined effect of increasing mandates supplemented by tax concessions and other forms of government support. The implementation of policies calling for growing fuel ethanol use means that global fuel ethanol production is projected to increase.
Theglobal fuel ethanolmarket isanticipated to witness a double-digit growth through 2017.Despite the controversies that have surrounded biofuel over the last two years such as sustainability, food versus fuel, etc., biofuel supply and demand is expected to rise over the 2016 timeframe.North America was the leading region in terms of total fuel ethanol production; however, the European region witnessed the highest growth rate, driven by rising demand of ethanol as a renewable and clean transportation fuel component.
Research by Lucintel indicates the market is expected to grow in profitability in the coming years due to rising demand for renewable and clean fuels. Based on the fundamentals of the industry and the competitive environment, the analysis reveals that the past trends are expected to continue in the near future.
The report, which provides trend scenarios and forecast statistics for 2011–2016, details industry drivers and challenges, compares properties and prices, highlights major fuel ethanol suppliers, and describes various carbon fiber properties, manufacturing processes, and more.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at firstname.lastname@example.org. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.