Biodiesel Market 2020 Global Trend and Forecast to 2025 | Bunge Limited, Archer Daniels Midland Company (ADM), Neste Corporation, Wilmar International Limited, Biox Corporation, Cargill Inc, Terravia Holdings Inc., Renewable Energy Group Inc, M�nzer Bioin

The global biodiesel market value stood at USD 36.42 billion in 2019 and is projected to grow at a healthy CAGR of 4.7% over the forecast period. Growth in demand for environmentally friendly fuels that can produce low pollution is the key factor for the adoption of biodiesel. Furthermore, increasing demand for biodiesel in the automotive and power generation industry in place of fossil fuels is also anticipated to fuel the global biodiesel market over the forecast period.

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Biodiesel are fuels produced through modern biological processes such as agriculture and anaerobic digestion, rather than being produced by the geological processes associated with the formation of fossil fuels such as coal and oil from prehistoric biological materials. Biodiesel is an alternative fuel that is similar to conventional 'fossil' diesel. Biodiesel can be produced as straight vegetable oil, animal oil / fat, tallow and waste cooking oil. The process used to convert this oil to biodiesel is called transesterification.

Biodiesel is a renewable and clean-burning fuel hence it is widely used in industries like railways, automotive, power generation and many more. Biodiesel, a type of biofuel is widely being used and promoted as an eco-friendly alternative. Use of biodiesel is an alternative means of fossil fuels to produce energy.

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The biodiesel fuel market growth is inevitable due to capital investment and technology advancements. There is a huge gap in the supply and demand in the market in spite of numerous suppliers. This has created a large scope for business and research and development too. Biodiesel is made from renewable feedstock like vegetable oils, animal fats and others through a chemical process called Transesterification, which converts oil and fats into fatty acid methyl esters. The use of biofuel is high in agriculture-based economies such as India, China, and Brazil due to the vast space available for feedstock production.

Biodiesel market analysis has stated an important trend, The California Air Resource Board (CARB) has certified a biodiesel additive that will make B20 blends, the cleanest and diesel fuel with the lowest emissions profile in the US. The additive decreases every calculable regulated emission in biodiesel, including nitrogen oxides, when blended with California's unique diesel design called CARB diesel. Another latest trend gaining motion in the market is Biofuels from spent bleaching earth. To reduce the production costs, manufacturers are trying adopt procedures such as use of an efficient catalyst, cheap raw materials and advanced technologies.

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Vegetable oil is preferred source in the U.S., wherein soybean dominated the industry owing to its high production and ease of availability. Soyabean oil is predicted to reach the volume greater than X liters by the end of forecast period. U.S. biodiesel market might get effected due to fluctuating rates of raw materials. However, steps are being taken by the U.S. government to promote biofuel to reduce VOC emissions and dependency on crude oil. The existing engine designs are compatible to this form of fuel and hence can be used immediately. The high rate at which fossil fuels are depleting is the main reason for biodiesel fuel market growth.

A detailed biodiesel market analysis has enabled the marketed to be segmented based on various factors. On the basis of feedstock used it is segmented as Vegetable Oils and Animal fats. These are further subdivided, refer list below. Applications of biodiesel is mainly based on fuels like automotive, marine, agriculture and others and power generation.

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Geographically it is segmented as North America, Europe, Asia Pacific, Central & South America, Middle East and Africa.
Biodiesel feedstock market are in evolution from expensive feedstocks like soy, rapeseed and palm oil to alternative cost friendly feedstocks. This has resulted in a rise in demand for alternative feedstocks and creating new growth opportunities in the sector.

The global biodiesel market is a highly fragmented industry with the presence of a large number of players. Major players in the global biodiesel market include Bunge Limited, Archer Daniels Midland Company (ADM), Neste Corporation, Wilmar International Limited, Biox Corporation, Cargill Inc, Terravia Holdings Inc., Renewable Energy Group Inc, Mnzer Bioindustrie GmbH and several others.

Key segments of the global biodiesel market

Feedstock Overview, 2015-2025 (Million Litres) (USD Million)

Vegetable Oils
Soybean oil
Canola oil
Other edible oils
Animal fats
Poultry
White grease
Tallow
Others

Application Overview, 2015-2025 (Million Litres) (USD Million)

Fuel
Automotive
Marines
Others
Power generation
Others

Regional Overview, 2015-2025 (Million Litres) (USD Million)

North America
US
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa

What to expect from the upcoming report on 'Global biodiesel Market':

o Future prospects and current trends of the Biodiesel market by the end of forecast period (2019-2025)
o Information regarding technological progressions as well as innovations across the world
o Supportive initiatives by government likely to influence the market dynamics.
o In-depth analysis of different market segmentations including regional segmentations, applications and types.
o Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market.
o Trends, drivers, opportunities, restraints, challenges and key developments in the market

Who should buy this report?
Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies.

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