Global Biofuel Consumption industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the Global biofuel consumption market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The biofuel consumption market comprises the sale of alternative fuels (bio-diesel and bio-ethanol) through retail service stations and wholesalers. All currency conversions used in the creation of this report have been calculated using constant 2016 average annual exchange rates.
The global biofuel consumption market had total revenues of $188.3bn in 2016, representing a compound annual growth rate (CAGR) of 4.5% between 2012 and 2016.
Market consumption volume increased with a CAGR of 3.4% between 2012 and 2016, to reach a total of 914.3 million barrel in 2016.
The theory of peak oil (the point in time when the maximum rate of extraction of petroleum is reached) having been reached has grown in credibility in recent years and this has caused an increase in the pace at which alternative fuels are sought. This is particularly the case in countries like the US, where around 30% of all energy consumed in transport-related. Bioethanol and biodiesel have long been seen as viable substitutes to traditional fuels like diesel and petrol. The growth spike in biofuel volumes in 2013 was the result of extremely high oil prices in that year impacting prices at the pump. Volume growth then declined markedly in 2014 and 2015 as oil prices fell, making traditional fuels more affordable.
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