Biodiesel Market SWOT Analysis By key Players - Enerkem among few ,INEOS New Planet BioEnergy, Canergy LLC, Abengoa bioenergy, Amyris, Poet-DSM Advanced Biofuels

Overview:

The global biodiesel market has been growing steadily over the past couple of years. The increasing demand for energy is a dominant driver of the market. Biodiesel is the only and significant form of renewable fuel utilized across energy segments such as electricity, heat, and transportation.

Governments are initiating programs to introduce various schemes to encourage manufacturers to set up increasing numbers of biodiesel plants which can not only generate the electricity but also dispose of agricultural waste in a carbon-neutral manner tackling the growing pollution. Moreover, the massive uptake of biodiesel as an alternative fuel to power automobiles is escalating the market on the global platform.

Considering the exponential accruals, the market is garnering currently, Market Research Future (MRFR), in its recently published study report asserts that the global biodiesel market will witness significant growth by 2027, posting a phenomenal CAGR during the assessment period (2017 – 2027).

Industries such as steel-making and others are using biodiesel for in-house energy generation, reducing carbon emissions while the papermaking companies tap on biopower generation to multiply the profit.

The increasing in environmental policies can foster the growth of the market, driving the demand for the development of innovative alternative power and propulsion technology. As a result of all these commutative efforts, the biodiesel market is gaining substantial accruals, across the globe.

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Power is a significant factor for the development of infrastructure, economic growth, and welfare of a nation. The increasing awareness towards the depleting non-renewable energy sources alongside the demand for integrating the renewable energy sources have significantly contributed to the growth in the biodiesel market.

The significant surge in their demand for renewable energy and the favorable government regulations to adopt renewable sources for the energy generation is driving the biodiesel market. Additionally, Improvements in technology have helped in boosting the growth of the biodiesel market.

On the other hand, the depleting biomass-based diesel levels which are already below the insufficient level will keep threatening the market players. Nevertheless, the rapidly occurring changes in the climate and the augmenting demand for energy will support the growth of the biodiesel market in the future as well.

Global Biodiesel Market - Segmentation

MRFR has segmented the report into three key dynamics

By Type : Bio-hydrogen, Methanol, and Cellulosic ethanol

By Application: Off-grid Electricity Supply and Transportation

By Region: North America, Europe, APAC, and Rest-of-the-World.

Global Biodiesel Market - Regional Analysis

The North American region dominates the global biodiesel market owing to favorable government regulations and the integration of biofuels. The U.S. Environmental Protection Agency’s (EPA) recent announcement of renewable volume obligations (RVO) for 2020 is encouraging the market players to expand their production capacities, helping to set compliance for refiners with the Renewable Fuels Standard. These new EPA figures play a vital role in gauging future demand for the biodiesel production in the U.S.

The Europe and Asia Pacific regions account for significant market shares for biodiesel due to the boost in the manufacturing sector in these regions.

Demand for biodiesel in the APAC continues to grow, and foreign producers continue to invest in the region. Besides, the availability of cost-competitive logistics such as ample feedstock, land, and skilled workforce also attracts these investors to shift their production plants in the APAC region.

The European region is serious about the production of biodiesels. Just in the month of November 2018, Germany’s biodiesel quality management association (AGQM) has published a new leaflet on the cold properties of biodiesel, providing valuable, clear and concise information on dealing with biodiesel. It explains basic parameters, standards, and describes the influence of additives and how they work.

Global Biodiesel Market - Competitive Analysis

The highly competitive biodiesel market appears to be fragmented due to the presence of several large and small-scale players. The competition in this well-established market is expected to intensify during the review period, witnessing various product innovations. Product launch, agreement & partnership, acquisition, and expansion are key strategies traced from the analysis of recent developments of key players. The high growth prospect demonstrated by the market is expected to attract several new entrants to the market.

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Key Players:

Key players leading the biodiesel market include INEOS New Planet BioEnergy, Canergy LLC, Enerkem, Amyris, Abengoa Bioenergy, and Poet-DSM Advanced Biofuels LLC.

About Market Research Future:

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