Africa, ME, Asia to Drive Global Biofuels Demand to 115 mn Tonnes by 2018

Africa, Asia, Business News/Analysis, Central America, European Union (EU), Federal Regulation, International, Latin America, Marketing/Market Forces and Sales, Opinions, South America

September 9, 2014

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(Business Standard) Growth in 2013-18 period likely to be moderate compared to 2008-13 period as demand from the US stagnates, says the Freedonia Group report.
Asia-Pacific region, Central and South America, and the Africa/Mideast region are expected to drive the global biofuels demand to reach 115 million metric tons in 2018 from 96.30 million metric tonne in 2013, according to the Freedonia Group’s new study, ‘World Biofuels’.
The rise in demand is likely to be moderate going forward as the US – the world’s largest market – stagnates. While this will directly limit increases in bioethanol demand overall, biodiesel demand will continue to grow at a healthy pace, supported by the expansion of biofuel mandates in a number of developing countries and by the implementation of the European Union’s renewable transport fuel target for 2020.
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Growth in global biofuel consumption will slow markedly going forward as contradictory US regulations over bioethanol incorporation into the gasoline supply and waning public support for biofuels in the country restrain advances. While demand in the US market will remain nearly flat, advances elsewhere will be positive, with particular strength in the Asia/Pacific region and Western Europe. READ MORE Access Study

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