ACCORDING to new market research report, Global Biodiesel Market (2009 – 2014), published by MarketsandMarkets, 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 per cent and 28.6pc of the total revenues respectively.
The global market is expected to record a CAGR of 7.8% from 2009 to 2014.
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 17.9pc increase over 2008 levels.
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(The success of the biodiesel fuel industry relies heavily on biodiesel testing
<http://www.youtube.com/watch?v=s32Ke2VzrqU>, not only at the production level but at the consumer level, where degraded fuel may cause engine failures. Of major concern to diesel and biodiesel users is the very real possibility that water has contaminated their fuel. The potential catastrophic impact of this problem is discussed at length in this video at:
http://www.youtube.com/watch?v=-lh4qhXc_5s&feature=youtube_gdata.
Fleet Fuel's family of inexpensive biodiesel test kits is just a click away on the internet at:
<http://fleetbiodiesel.com/biodiesel_testing_and_supplies.html>)
