Biodiesel Market - Trends Forecast Till 2028

The market is segmented by Feedstock (Animal fat, Vegetable Oil, and Others), Application (Transportation, Power Generation, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: November, 2021

Base Year Estimate: 2020

Report ID: D-EN-BM-511

Format:  

Number of Pages: 355

Domain: Energy

Biodiesel Market – Trends Forecast Till 2028

The market for biodiesel is expected to grow at a CAGR of more than 7% in the forecast period 2021-2028

Biodiesel is a renewable fuel produced from the transesterification of raw materials such as vegetable oil, animal oil, and used cooking oil. It is then used as a fuel that can power diesel engines. Also, corn oil, palm oil, canola oil, soybean oil, and jatropha oil are among the commonest raw materials for biodiesel.

The easy availability of feedstock, with supporting government policies in different countries is the factor that has supported long-term expansion for Biodiesel Market.

The COVID-19 pandemic has had a noteworthy effect on the global economy at different stages, and the impact is also seen on biodiesel demand. Automobiles and agriculture, the major end users of biodiesel, experienced downturn in 2020. Furthermore, the market was affected by supply chain disruptions, shortage of raw material supply, and government.

Biodiesel Market Report

The U.S. ranks as the number one producer of biodiesel in the world, and also one of the largest consumers. Environmental benefits of biodiesel, easy accessibility, and the federal Renewable Fuels Standard Program have majorly contributed to the growing demand for biodiesel in the country.

Biodiesel Market is segmented into feedstock, application and region.

On the basis of Feedstock

  • Vegetable oil
  • Animal fat

On the basis of Application

  • Transportation
  • Power generation

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Biodiesel Market Primary Respondent

 

Key Players

  • Neste
  • Archer Daniels Midland Company
  • Bunge Limited
  • Louis Dreyfus Company B.V.
  • Wilmar International Ltd.
  • Repsol S.A.
  • Total
  • China Petroleum & Chemical Corp (Sinopec Corporation)
  • Cargill Incorporated
  • RB Fuels.
  • Renewable Energy Group, Inc

Recent Developments

  • To meet growing customer demand for specialty fats, Cargill has started construction on a US$35 million expansion of its production facility in Port Klang, Malaysia. This is the first step in a multi-year, global investment expected to exceed US$100 million aimed to significantly expand the company’s global portfolio in specialty fats.
  • Cargill is partnering with a local manufacturer in western India, to launch its first chocolate manufacturing operation in Asia. The facility is expected to begin operating mid-2021 and will initially produce 10,000 tons of chocolate compounds.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Biodiesel Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 7.0% during the forecasting period, 2021-2026

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2026

Report Segmentation

material type, end use, implementation and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Neste, Archer Daniels Midland Company, Bunge Limited, Louis Dreyfus Company B.V., Wilmar International Ltd., Repsol S.A., Total, China Petroleum & Chemical Corp (Sinopec Corporation), Cargill Incorporated, RB Fuels and Renewable Energy Group, Inc

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