[167 Pages Report] The Biodiesel Market is expected to grow
from USD 32.87 billion in 2015 to USD 41.18 billion by 2021, at a CAGR of 3.8%
from 2016 to 2021. Biodiesel is one of the most important environment-friendly
automobile fuels. Biodiesel is produced from fatty oils (edible as well as
inedible oils such as jatropha) and methanol or ethanol, using a technology
called transesterification. The fatty methyl/ethyl ester produced is commonly
called biodiesel and is blended with conventional petro-diesel. The growth of
the market is attributed to the rising demand for biodiesel in developed
regions such as North America and Europe. The regulations regarding the
formulation of fuel in these regions are expected to increase the share of
biodiesel, thereby increasing the demand.
Major players in the global market includes: Archer Daniels
Midland Company (U.S.), Wilmar International Limited (Malaysia), Bunge Limited
(U.S.), Neste Corporation (Finland), Renewable Energy Group Inc. (U.S.),
Cargill Inc. (U.S.), BIOX Corporation (Canada) and TerraVia Holdings Inc.
(U.S.).
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Premium Insights of the report:
- Significant Opportunities in Biodiesel
Market
- Biodiesel Market in Europe, By Feedstock Type and
Country
- Fastest-Growing Biodiesel Market
- Biodiesel Market, By Feedstock
- Biodiesel Market Using Vegetable Oils as A Feedstock
- Biodiesel Market, By Application
The biodiesel market has been segmented on the basis of
feedstock used for products such as vegetable oils, animal fats and others
(brown grease/ trap grease); and applications such as fuel, power generation,
and others (solvent and cement manufacturing). Amongst the feedstock types,
vegetable oils accounted for the majority share of the overall biodiesel market
and are expected to continue to do so throughout the forecast period. Vegetable
oils are widely used for producing biodiesel as they contain less saturated
fat, thus reducing the processing cost. In addition to this vegetable oils are
easily available in comparison to animal fats and greases.
The biodiesel market in APAC is expected to grow at the
highest CAGR during the forecast period. APAC is the fastest-growing market for
biodiesels. While the biodiesel initiatives in Asia-Pacific started, the market
in the region has picked up in a very short span of time. The biodiesel
production in Asia-Pacific is projected to grow from 6.26 million liters in
2016 to 7.18 million liters by 2018. The Asia-Pacific biodiesel market presents
tremendous potential due to the abundant availability of feedstocks such as
palm oil (Malaysia, Indonesia, and the Philippines) and waste oil and animal
fat (China and Japan).
Drivers & Opportunities in global industry:
- Potential to Reduce Emissions
- Biodegradability of Biodiesel
- Environment-Friendliness and Renewability of
Biodiesel
- Tax Incentives Support Market Development
- OEM Support for Biodiesel Continues to Grow
- Growing Uses for Crude Glycerin From Biodiesel
Production
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Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com
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