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Biodiesel Market is estimated to Grow at a CAGR of 9.8% during the forecast period of 2023-2030 : Cognitive Market Research
Biodiesel Market is estimated to Grow at a CAGR of 9.8% during the forecast period of 2023-2030 : Cognitive Market Research
- Biodiesel is a renewable, biodegradable fuel produced locally from vegetable oils, animal fats, or recycled restaurant grease. Biodiesel meets both the biomass-based diesel and overall advanced biofuel requirements of the Renewable Fuel Standard. Renewable diesel, also known as "green diesel," is distinct from biodiesel. Biodiesel is a liquid fuel often referred to as B100 or neat biodiesel in its pure, unblended form.
Summary:
- The global biodiesel market size stood at USD 32.09 billion in 2022 and is expected to grow at a CAGR of 9.8% from 2023 to 2030. Europe region is dominating the biodiesel market, owing to the presence of major market players, and an increasing number of subsidies from the government.
"To know more The Biodiesel Market statistics click here: https://www.cognitivemarketresearch.com/biodiesel-market-report
Market Dynamics:
- Increasing preference for renewable energy sources due to environmental concerns, and increasing demand for cleaner fuels are the major driving factors for the global biodiesel market. The growing automotive industry is demanding biodiesel as it is environment friendly and cost-effective option compared to other fuels, which is fuelling the growth of the market.
In addition, biodiesel production has a large scope for R&D in feedstock selection is expected to create opportunities for the market in the forecast period. A high demand-supply gap caused by insufficient production capacity, and the presence of alternative products can hamper the growth of the market.
Market Segmentation:
Feedstock Type
• Vegetable Fat
• Animal Fat
The vegetable fat segment is dominating the segment compared to the animal fat segment. Vegetable oil like palm oil, soybean oil, canola oil, and others are used in the production of biodiesel. Among these palm oil has been widely utilized due to its cost-effectiveness.
Application
• Fuel
• Power Generation
• Agriculture
• Others (Transportation and Cooking)
The Major Players in Biodiesel Market are:
Diester Industries, Neste Oil, ADM, Infinita Renovables, Biopetrol, Cargill, Ital Green Oil, Glencore, Louis Dreyfus, Renewable Energy Group, RBF Port Neches, Ag Processing, Elevance, Marathon Petroleum Corporation, Evergreen Bio Fuels, Minnesota Soybean Processors, Caramuru, Jinergy, Hebei Jingu Group, Longyan Zhuoyue, Greenergy UK, Biodiesel Amsterdam, SunOil, Petrotec, Biocom, SARIA Bio Industries, Biodiesel Aragon, Bionor, Iniciativas Bioenergeticas
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Regional Analysis:
- Europe is projected to account for the dominant market share. The market is growing in this region due to the presence of major market players, and an increasing number of subsidies from the government. Governments from different countries are focusing on replacing carbon-emitting sources with bio-based sources, which is driving the growth of the market. Further, North America is the second largest market for biodiesel, owing to increasing government initiatives to promote the use of biodiesel.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Biodiesel Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary
Chapter 4 Global Biodiesel Market Overview
• 4.1 Introduction
• 4.2 Global Biodiesel Market Statistics by Regions (2018-2030)
4.2.1 North America Biodiesel Status and Prospect (2018-2030)
4.2.2 Europe Biodiesel Status and Prospect (2018-2030)
4.2.3 Asia Pacific Biodiesel Status and Prospect (2018-2030)
4.2.4 Latin America Biodiesel Status and Prospect (2018-2030)
4.2.5 Middle East and Africa Biodiesel Status and Prospect (2018-2030)
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Biodiesel Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Biodiesel Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Biodiesel Market by Feedstock Type Segmentation Analysis (2018-2030)
Chapter 11 Global Biodiesel Market by Vegetable Fat ( sub type) Segmentation Analysis (2018-2030)
Chapter 12 Global Biodiesel Market by Animal Fat ( sub type) Segmentation Analysis (2018-2030)
Chapter 13 Global Biodiesel Market Regional Analysis
Chapter 14 North America Biodiesel Market Outlook (2018 - 2030)
Chapter 15 Europe Biodiesel Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Biodiesel Market Outlook (2018 - 2030)
Chapter 17 Latin America Biodiesel Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Biodiesel Market Outlook (2018 - 2030)
Chapter 19 Research Findings
To know more Biodiesel Market TOC click here: https://www.cognitivemarketresearch.com/biodiesel-market-report#table_of_contents
Related Reports
• Biogas Market - https://www.cognitivemarketresearch.com/biogas-market-report
• Biodiesel Fuel Market - https://www.cognitivemarketresearch.com/biodiesel-fuel-market-report
• Wind Power Market - https://www.cognitivemarketresearch.com/wind-power-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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