CLEVELAND, Nov. 28, 2016 /PRNewswire/ -- The US market for motor vehicle biofuels is forecast to total 395 million barrels in 2020, representing annual increases of 0.7% from 382 million barrels in 2015. Advances will primarily stem from regulatory quotas for biofuel in the US fuel supply. At the same time, rising crude oil prices will incentivize consumers to purchase bioethanol blends beyond those mandated by the government. However, further increases in biofuel blend concentrations will be restrained by motor vehicle specifications and a limited infrastructure for distributing these fuels. These findings are featured in Motor Vehicle Biofuels: United States, a report recently released by Freedonia Focus Reports, a division of The Freedonia Group. http://www.freedoniagroup.com/freedonia-focus/FF45035/motor-vehicle-biofuels-united-states.htm
The full report forecasts US motor vehicle biofuel demand and production in barrels to 2020. Total demand and production are segmented by type in terms of:
- other biofuels such as renewable diesel.
The report covers biofuels utilized in motor vehicle transportation, excluding use of biofuels for other purposes such as heating fuels. Furthermore, biogas – a methane-rich fuel derived from the breakdown of organic matter – is not included in demand and production totals. Demand figures exclude the fossil fuel portion of blended fuels.
To illustrate historical trends, total demand, total production, and the various segments are provided in annual series from 2005 to 2015.
Please link any media or news references to our reports or data back to www.freedoniagroup.com.
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/following-growth-trajectory-us-market-for-biofuels-maturing-300367616.html
SOURCE The Freedonia Group