MarketsandMarkets: Global Biodiesel Market Worth US$12.6 Billion by 2014

DALLAS, February 16, 2010 - According to a new market research report, 'Global Biodiesel
Market (2009 - 2014)', published by MarketsandMarkets (
www.marketsandmarkets.com), the total global Biodiesel market is
expected to be worth US$12.6 billion by 2014, out of which the European and
Americas market will account for nearly 55.6% and 28.6% of the total revenues
respectively. The global market is expected to record a CAGR of 7.8% from
2009 to 2014.

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Increasing environmental concerns and the need for energy
independence have led to the biodiesel market. Despite the economic
recession, global biodiesel production totaled 5.1 billion gallons in 2009,
representing a 17.9% increase over 2008 levels. The biodiesel market is
expected to grow from $8.6 billion in 2009 to $12.6 billion in 2014. Market
growth is primarily dependent on the availability, quality, and yield of
feedstock, as it accounts for 65% to 70% of the cost of biodiesel production.

Biodiesel derived from rapeseed oil forms the largest segment
of the overall market. Germany is the single largest producer of biodiesel
with 2.8 million tons produced in 2008. The biodiesel market also offers
immense opportunities countries such as U.K., India, and China, as these
regions have high diesel fuel prices and a large number of diesel fueled
vehicles.

While growth may be affected by feedstock availability issues
and the food v/s fuel debate, the market is expected to witness a paradigm
shift with the increasing conversion efficiency of existing feedstock, and
the development of newer feedstock sources such as algae.

Transportation forms the main application market for
biodiesel, with automotives accounting for 70% of the global biodiesel
production. As the use of conventional fuel for transport purposes is
increasing greenhouse gas emissions at an alarming rate, governments across
the globe have begun providing incentives for green energy.

Europe is currently the world's largest biodiesel market; and
is expected to be worth $7.0 billion by 2014 with a CAGR of 8.4% from 2009 to
2014. The growth of the European biodiesel market is driven mainly by
governmental initiatives.

Scope of the report

The report analyzes the global biodiesel market for the four
major geographies of the Americas, Europe, Asia, and ROW. The report segments
the overall market as follows:

    - Biodiesel Feedstocks: Edible oil: Soybean oil, Rapeseed oil,
      Palm Oil; Non Edible oil: Jatropha, Pongamia; Animal Fat; Others:
      Algae, Sunflower

    - Biodiesel Applications: Automotive, Marine, Heating Oil,
      Railways, and others.

    - Biodiesel Technology: Transesterification

Analyst Briefing Presentation on the global biodiesel market
to be held on 5th March 2010

The energy and power supplies practice at MarketsandMarkets is
pleased to announce its Analyst Briefing Presentation on the global biodiesel
market (
www.marketsandmarkets.com/Market-Reports/Global-Biodiesel-Market-190
.html) to be held on 5th March 2010.

To register your participation, please click here
www.marketsandmarkets.com/AnalystBriefing/biodiesel-market.asp

About MarketsandMarkets

MarketsandMarkets (M&M) is a global market research and consulting
company based in the U.S. We publish strategically analyzed market research
reports and serve as a business intelligence partner to Fortune 500 companies
across the world. MarketsandMarkets also provides multi-client reports,
company profiles, databases, and custom research services.

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Contact: Ms. Sunita, 7557 Rambler road, Suite 727, Dallas, TX 75231, Tel: +1-888-989-8004, Email: sales at marketsandmarkets.com