Global ethanol market value to grow 14.7 per year for next 8 years, report says; China, India to grow less than 3 percent annually

RNCOS has released its Asia Pacific Biofuel Market Forecast, and projected that the global ethanol business would achieve a 14.7 percent compound annual growth rate in market value between 2006 and 2016. The reports also projects a 26.4 billion gallon global ethanol market by 2014, but projected a compound annual growth rate of 2.51 percent in China for the 2007-2015 period, and 2 percent in India.

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