Press release
Biodiesel Market Size Estimated to touch 25690 Million $ globally by 2022 | Key Players - Diester, Neste Oil Rotterdam, ADM, Infinita Renovables, Biopetrol, Cargill
Biodiesel Market
Global Biodiesel Market Overview:
According to Market Analysts, Global Biodiesel Market size to maintain from 25180 million $ in 2014 to 22340 million $ in 2017. Market analysts believe that Biodiesel Market size will be further expanded, The market size of the Biodiesel Market will reach 25690 million $ by 2022.
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The Biodiesel Market is driven by the increasing demand for biodiesel as a fuel in the automotive, marine, railway, and power generation industries. Biodiesel improves lubricity in fuel and keep moving parts from wearing prematurely. 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 Biodiesel Market is segmented based on feedstock type, application and region.
On the basis of feedstock, the biodiesel market is sub-segmented into Vegetable oils (soybean, rapeseed, palm, and others), Animal fats (lard, tallow, and poultry) and others (brown grease/trap grease). Biodiesel obtained from vegetable oils is preferred across various industries, as it contains less saturated fat that makes it easy to process, thus reducing the overall manufacturing cost.
On the basis of application, the biodiesel market is sub-segmented into Fuel, Power generation and others (solvent and cement manufacturing). Fuel is estimated to be the leading segment of the biodiesel market, followed by power generation. Biodiesel is preferred as a fuel, as it reduces wear and tear of the engine and ensures complete fuel combustion. Additionally, biodiesel offers better fuel economy over fossil fuels.
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Regionally, Europe is estimated to be the leading market for biodiesel. The US is the second largest producer of biodiesel in the world. Germany is estimated to the largest market, while Italy is projected to be the fastest-growing market for biodiesel during the forecast period. The increasing demand from the automotive industry and government initiatives to reduce greenhouse gas emissions is expected to drive the biodiesel market in these countries.
Key Players:
1 Diester Industries
2 Neste Oil Rotterdam
3 ADM
4 Infinita Renovables
5 Biopetrol
6 Cargill
7 Ital Green Oil
8 Glencore
Key Regions:
1 North America Country (United States, Canada)
2 South America
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)
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Key Questions Answered in this Report:
1 What are the latest market trends?
2 Who are the key vendors in the market?
3 What are the challenges to market growth?
4 What are the key factors driving the Biodiesel Market?
5 What will the market size and the growth rate be in 2022?
Table of Content:
1 Biodiesel Definition
2 Global Biodiesel Market Major Player Share and Market Overview
3 Major Player Biodiesel Business Introduction
4 Global Biodiesel Market Segmentation (Region Level)
5 Global Biodiesel Market Segmentation (Type Level)
6 Global Biodiesel Market Segmentation (Industry Level)
7 Biodiesel Market Forecast 2018-2022
8 Biodiesel Segmentation Type
9 Biodiesel Segmentation Industry
10 Biodiesel Cost Analysis
11 Conclusion
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