The top five ethanol producers in 2006 were the United States (4.855 billion US gallons per year (bgy)), Brazil (4.491 bgy), China (1.017 bgy), India (0.502 bgy) and France (0.251 bgy). Brazil and the United States accounted for 90 percent of all ethanol production. Also, it should be noted that the United States, now producing at a rate of about 4.6 billion US gallons per year, is widely considered the world’s largest ethanol producer. Strong incentives, coupled with other industry development initiatives, are giving rise to fledgling ethanol industries in countries such as Thailand, the Philippines, Colombia, the Dominican Republic and Malawi. Nevertheless, ethanol has yet to make a dent in world oil consumption.
Major report findings:
* World’s ethanol production will pass 20 Bln in 2012.
* Ethanol production is expected to grow in 2008 - 2012 with CAGR about 5%.
* U.S. and Brazil are leading the world in production of ethanol.
* Emergence of new ethanol producers in Asia and Latin America.
* Cuba has the capacity to manufacture as much as 3.2 billion gallons of ethanol annually from its sugar crop.
Factors driving ethanol market:
* High oil prices.
* National energy security considerations.
* Ethanol tax incentives.
* Improved technology - lower costs of ethanol production.
* Climate change concerns.
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