Biodiesel is produced from vegetable oils or animal fats after conversion into a range of fatty acid methyl or ethyl esters (esterification), a sustainable replacement for fossil diesel that significantly reduces carbon emissions and makes environmental sustainability a commercial proposition. First, biodiesel is a renewable fuel that can be manufactured from vegetable oils, animal fats, or recycled restaurant grease for use in diesel vehicles. Biodiesel’s physical properties are similar to those of petroleum diesel, but it is a cleaner-burning alternative.
The global Biodiesel Market is estimated to surpass $47 billion mark by 2028 growing at an estimated CAGR of more than +7% during 2021 to 2028.
which are Renewable Energy Group, Diester Industries, Neste Oil, ADM and Louis Dreyfus. The global production of biodiesel reached 26567 K MT in 2015. EU is the biggest production base and consumption area of biodiesel, followed by USA, South America and China. Though enjoying a high share in fuel market, in many European countries, the biodiesel industry are threatened by overcapacity. In China, the market of biodiesel fuel is also in a tough situation, since governmental supports from local authorities are very limited.
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Biodiesel Market Top Leading Vendors :-
Diester Industries, Neste Oil, ADM, Infinita Renovables, Biopetrol, Cargill, Ital Green Oil, Glencore, Louis Dreyfus, Renewable Energy Group, RBF Port Neches, Ag Processing, Elevance, Marathon Petroleum Corporation, Evergreen Bio Fuels, Minnesota Soybean Processors, Caramuru, Jinergy, Hebei Jingu Group, Longyan Zhuoyue, Greenergy UK, Biodiesel Amsterdam, SunOil, Petrotec, Biocom, SARIA Bio-Industries, Biodiesel Aragon, Bionor, Iniciativas Bioenergeticas
Biodiesel Market Segmentation on the basis of Type :-
- Rapeseed Oil Based Feedstock
- Soybean Oil Based Feedstock
- Waste and Residues Based Feedstock
Biodiesel Market Segmentation on the basis on the end users/Application :-
- Industrial Fuels
- Transportation Fuels
- Chemical Industry
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The raw materials of biodiesel are mainly vegetable oils. Biodiesel derived from rapeseed oil and soybean oil forms the largest segment of the overall market. The biodiesel market 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. Generally, the price of biodiesel fluctuates with the price of raw material. However, the impact of diesel fuel on biodiesel is the major factor. Since 2015, the sharp decrease of diesel price also triggered the trending down of biodiesel price, which made small scale manufacturers hard to survive.
The application of biodiesel can be classified as industrial fuels, transportation fuels and chemical industry. The primary use of biodiesel is transportation fuels, which account for 58.92% in 2015. Industrial fuels and chemical industry also play important role in the whole supply chain. Regionally, biodiesel is the most common biofuel in Europe, while its consumption in China is more concentrated in chemical use.
The global biodiesel market is expected to be worth $24.11 billion in 2028. South America is estimated to be the most promising region for biodiesel market, and the sluggish of biodiesel in China would be expected to be changed in the coming years. 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.
Table of Content:-
Chapter 1 Global Biodiesel Market Overview
Chapter 2 Market Data Analysis
Chapter 3 Market Technical Data Analysis
Chapter 4 Market Government Policy and News
Chapter 5 Market Productions Supply Sales Demand Market Status and Forecast
Chapter 6 Global Market Manufacturing Process and Cost Structure
Chapter 7 Biodiesel Market Key Manufacturers
Chapter 8 Up and Down Stream Industry Analysis
Chapter 9 Marketing Strategy – Market y Analysis
Chapter 10 Market Development Trend Analysis
Chapter 11 Global Biodiesel Market New Project Investment Feasibility Analysis
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