Biodiesel Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Feedstock (Rapeseed/Canola, Sunflower, Soybean, Corn, Palm, Others), By Blend (B100, B20, B10, B5), By Production Technology (Pyrolysis, Trans-esterification, Others), By Application (Fuel, Power Generation and Others), By Region and Competition
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationBiodiesel Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Feedstock (Rapeseed/Canola, Sunflower, Soybean, Corn, Palm, Others), By Blend (B100, B20, B10, B5), By Production Technology (Pyrolysis, Trans-esterification, Others), By Application (Fuel, Power Generation and Others), By Region and Competition
In 2021 Asia Pacific region produced around 17.5 billion metric tons of carbon dioxide emissions.
A renewable, clean-burning alternative to diesel, biodiesel can be used in existing diesel engines without the need of any changes. It comprises an expanding range of recycled cooking oil, animal fats, and agricultural feedstock. The market is expected to increase due to the rising demand for biodiesel to replace conventional fossil fuels in power generation and automotive applications. Recycled restaurant grease, fresh and used vegetable oils, and animal fats can all be utilized to make biodiesel.
The rising demand for environmentally friendly fuels that make sure complete combustion and can reduce Greenhouse Gas (GHG) emissions is a key factor driving the market. The high compatibility of biodiesel with the current diesel engines is also driving the demand. The rising population and the consequent growth in the number of vehicles and other industries using biodiesel are also anticipated to boost the demand for biodiesel.
Increasing Awareness about Sustainability
Biodiesel can cut carbon emissions by up to 50% and has a lower cancer-causing and poisonous aromatic carbon percentage than petroleum-based diesel
Environmental Issues and The Depletion of Traditional Energy Reserves
Fossil fuels today provide most of our energy demands. These energy sources are not replenishable and exhaust incredibly quickly. However, because biodiesel is a renewable fuel, it can be utilized in place of traditional energy sources. In response to public demand to cut emissions and replace fossil fuels due to environmental concerns, the largest-ever spectrum of biofuels, including ethanol, biodiesel, bio-methanol, and other green fuels, has been produced. Because of the expanding population and rising demand for cars, conventional fuels are in greater demand. Governments are limiting the use of traditional power and have established limitations for producing dangerous gases, so there are plenty of chances ahead.
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Market Segmentation
Global Biodiesel Market is segmented based on
Market players
FutureFuel Chemical Company, Algenol LLC, Bangchak Corporation Public Company Limited, Archer Daniels Midland Company, Cargillables, Inc., Green Biologics Ltd., Chemtex Inc, DuPont de Nemours, Inc., and TMO Renewables Ltd are some of the key players operating in the market.
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Attribute |
Details |
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Base Year
|
2022 |
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Historic
Data |
2018 – 2021 |
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Estimated
Year |
2023 |
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Forecast
Period |
2024 – 2028 |
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Quantitative
Units |
Revenue in USD Million, Volume in metric tons, and CAGR for 2017-2021
and 2022-2027 |
|
Report
coverage |
Revenue
forecast, Volume Forecast, company share, competitive landscape, growth
factors, and trends |
|
Segments
covered |
·
By Feedstock ·
By Blend ·
By Production Technology ·
By Application |
|
Regional
scope |
Europe, North
America, Asia Pacific, Middle East & Africa |
|
Country
scope |
Germany; France; United Kingdom; Russia; Sweden; Denmark;
Switzerland; United States; Canada; Mexico; China; India; Japan; Australia;
South Korea; South Africa; UAE, Saudi Arabia. |
|
Key
companies profiled |
FutureFuel
Chemical Company, Algenol LLC, Bangchak Corporation Public Company Limited,
Archer Daniels Midland Company, Cargillables, Inc., Green Biologics Ltd., Chemtex Inc, DuPont de Nemours, Inc., and
TMO Renewables Ltd |
|
Customization
scope |
10% free report customization with purchase. Addition or alteration
to country, regional & segment scope. |
|
Pricing
and purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request) |
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