World Biodiesel Market to Reach $71 Billion by 2020

February 22, 2010

A new wave of biodiesel will begin having a meaningful impact on world energy markets over the next several years, according to a recent report from Pike Research.  The cleantech market intelligence firm anticipates that, spurred by innovations in feedstocks such as waste grease, algae, and jatropha,  biodiesel revenues will increase to $71.0 billion worldwide by 2020, up from $18.4 billion in 2010.

“The biofuels market is currently at a point of discontinuity,” says managing director Clint Wheelock.  “The ethanol business has suffered a significant blow over the past few years, yet the prospects remain very bright for renewed growth in ethanol as well as next generation biodiesel technologies.”  Wheelock adds that new technology advances and economies of scale will be a significant boon to the further growth of biofuels markets.

In addition, Pike Research’s analysis finds that biodiesel has some powerful backers.  “Biogenetics is becoming a huge factor in the evolution of the market,” says Wheelock, “and biofuels companies are really leveraging the scientific knowledge base of genetic engineering.  Biotech companies will be some of the big beneficiaries as the new breed of biofuels matures.”  Other key players, according to the report, include the big oil companies, who have transitioned from foe to friend over the past several years and are now some of the leading bankrollers of biodiesel R&D and commercialization.

Pike Research’s report, “Biofuels Markets and Technologies”, analyzes the complexities and paradoxes of biofuels markets.  It examines key technologies that will drive the future of the industry to include second and third generation feedstocks and advanced biorefining techniques.  The report also includes profiles of key players and comprehensive forecasts that quantify the potential for biodiesel and ethanol by country and region.  An Executive Summary of the report is available for free download on the firm’s website.

Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets.  The company’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Clean Transportation, Clean Industry, Corporate Sustainability, and Building Efficiency sectors.  For more information, visit www.navigantresearch.com or call +1.303.953.9765. 

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Research News

Rss
Advanced Distribution Management Systems Are Expected to Exceed $3.3 Billion in Annual Revenue by 2024
March 31, 2015Utilities face a steep learning curve in adopting ADMS technology, report concludes • A new report from Navigant Research analyzes the global market opportunities for advanced distribution…
Read More »
Worldwide Natural Gas Vehicle Sales are Expected to Total 37.2 Million From 2014 to 2024
March 30, 2015Today’s natural gas vehicles are undergoing technical changes expected to reduce cost and improve efficiency, report finds  • A recent report from Navigant Research examines the global market for natural gas vehicles…
Read More »
Global Wind Power Installations Increased by 42 Percent in 2014
March 26, 2015Growth in China, Germany, and the United States led to a record year for wind installations, report concludes • A new report from Navigant Research covers developments in the wind energy sector during…
Read More »
The Installed Base of Prepaid Electric Meters is Expected to Exceed 85 Million by 2024
March 25, 2015Utilities must overcome objections from regulators concerned about vulnerable customers, report finds • A new report from Navigant Research examines the global market opportunity for prepaid electric…
Read More »
View All News

{"userID":"","pageName":"World Biodiesel Market to Reach $71 Billion by 2020","path":"\/newsroom\/world-biodiesel-market-to-reach-71-billion-by-2020","date":"4\/1\/2015"}