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Biodiesel Market Size By Top Companies, Trends, Types And Application, Forecast To 2025 | Grand View Research, Inc.

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Biodiesel Market Size By Top Companies, Trends, Types And Application, Forecast To 2025 | Grand View Research, Inc.

November 16
23:39 2021
Biodiesel Market Size By Top Companies, Trends, Types And Application, Forecast To 2025 | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, the growing demand for biodiesel to replace traditional fossil fuels in automotive and power generation applications is expected to drive industry growth.

The global biodiesel market is expected to reach USD 54.8 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness growth at 7.3% CAGR owing to Increasing demand for biodiesel as automobile fuel owing to their environment friendly characteristic to mitigate greenhouse gas emission is expected to propel industry growth.

The industry is characterized by the presence of several players, with the majority of them are established in the Europe and North America. The industry is undersupplied in the majority of the regions owing to the insufficient production capacities as compared to the demand. The industry players are adopting integration strategies in order to reduce their dependency on the raw material suppliers and strengthen their position in the global market.

Positive government outlook to support biofuel sector in emerging markets including India, Argentina and Colombia coupled with the introduction of biofuel mandates across the globe is expected propel growth. High demand for the major raw materials such as soybean, palm and corn are expected to hamper feedstock availability, thus impacting the growth. However, increasing investments in R&D to use innovative feedstock raw materials including algae, animal fat and UCO is likely to drive growth.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/biodiesel-market

Biodiesel Market Report Highlights

• Europe dominated the biodiesel industry in 2016, accounting for 40.7% of the global production owing to early product adoption, high investments in R&D and positive

• The demand for biodiesel is primarily driven by automotive application segment replace fossil fuel, and the same is expected to grow at a CAGR of 5.1% from 2017 to 2025. Selection of raw material varies dramatically from region to region based on the raw material availability and cost associated with this feedstock

• Soybean was the major feedstock for the product in the North America accounting over 45% of the overall product, wherein rapeseed dominated the European biodiesel market with a share of over 50%

• Central & South America and Asia Pacific are expected to emerge as major exporters for the product owing to the lower production cost and abundant raw material availability in these regions

• Demand-supply gap in the industry is expected to open new avenues for the industry players in terms of new plant setups and capacity expansions. Capital investment and technology know-how are expected to be the key barriers for the new industry players in order to compete with the existing manufacturers

• The major players in the industry include FutureFuel Corporation, Manuelita S.A., Archer Daniels Midland Company (ADM), Bunge Limited, Cargill, Inc., and Neste Oyj

For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/biodiesel-market/request/rs1

Biodiesel Market Segmentation

Grand View Research has segmented the global biodiesel market on the basis of feedstock, application and region:         

Feedstock Outlook (Volume, Million Liters; Revenue, USD Million, 2014 – 2025)

    • Vegetable Oils

         • Canola oil

         • Soybean oil

         • Palm oil

         • Corn oil

         • Others

    • Animal Fats

         • Poultry

         • Tallow

         • White grease

         • Others

Application Outlook (Volume, Million Liters; Revenue, USD Million, 2014 – 2025)           

    • Fuel

    • Automotive

    • Marine

    • Agriculture

    • Others

    • Power Generation

    • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

     • North America       

        • U.S.

     • Europe

        • Germany

        • U.K.

        • France

     • Asia Pacific

        • China

        • India

        • Indonesia

        • Thailand

     • Central & South America

        • Brazil

        • Mexico

        • Argentina

     • Middle East & Africa

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/1895/ibb

Browse More Related Report:

Waste To Diesel Market Analysis By Technology (Gasification, Pyrolysis, Depolymerisation, Incineration), By Source (Oil & Fat, Municipal, Plastic Waste), By Region, And Segment Forecasts, 2018 – 2025

About Grand View Research

Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/biodiesel-market

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