openPR Logo
Press release

Biodiesel Market Expected to Surpass US$ 59 Bn by 2032 - Persistence Market Research

03-12-2025 01:22 PM CET | Chemicals & Materials

Press release from: Persistence Market Research

Biodiesel Market

Biodiesel Market

Biodiesel, a renewable alternative to traditional fossil fuels, is derived from organic sources such as vegetable oils, animal fats, and recycled greases. Its adoption has been propelled by environmental concerns, energy security, and the pursuit of sustainable energy solutions. This report delves into the biodiesel market's trajectory from 2022 to 2032, analyzing production trends, regional dynamics, policy impacts, and future prospects.

Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): https://www.persistencemarketresearch.com/samples/27445

Market Overview

According to Persistence Market Research, global biodiesel sales reached approximately US$ 41.33 billion in 2022. The demand for biodiesel is projected to grow at a compound annual growth rate (CAGR) of 3.6% from 2022 to 2032, with consumption expected to reach US$ 59 billion by the end of 2032. Key regions driving this demand include Europe, East Asia, and South Asia & Pacific.

Production Trends

In 2007, global biodiesel production capacity experienced rapid growth, with an average annual increase of over 40% from 2002 to 2006. By 2006, total world biodiesel production was approximately 5-6 million tonnes, with Europe contributing 4.9 million tonnes, of which 2.7 million tonnes were from Germany. The United States produced about 450 million gallons in 2007, despite a production capacity of 2.24 billion gallons. By 2020, U.S. biodiesel production reached approximately 1.8 billion gallons. In 2025, Malaysian crude palm oil (CPO) futures are expected to average higher than in 2024 due to increased biodiesel consumption in Indonesia, with a forecasted average price of 4,350 ringgit per metric ton, a 5.4% rise from 2024.

Regional Market Dynamics

Europe

Europe has historically been a leader in biodiesel production and consumption. Countries like Germany and France have implemented policies promoting biodiesel use, contributing significantly to the region's renewable energy targets. However, the increasing demand for biodiesel has raised concerns about its impact on food security and the environment. In 2021, European countries utilized 26 million tonnes of food crops for biofuel production, which could have fed approximately 1.6 billion people.

East Asia

East Asia, particularly Indonesia and Malaysia, has seen substantial growth in biodiesel production, primarily from palm oil. Indonesia's B40 biodiesel mandate, which requires a 40% palm oil blend in biodiesel, has significantly increased domestic consumption, reducing export availability and influencing global palm oil prices. The mandate is expected to absorb an additional 1.2 to 1.7 million metric tons of CPO.

South Asia & Pacific

Countries in South Asia and the Pacific are increasingly adopting biodiesel to enhance energy security and reduce greenhouse gas emissions. Government initiatives and favorable policies are encouraging investments in biodiesel infrastructure, contributing to market growth in the region.

Policy and Regulatory Landscape

Government policies play a pivotal role in shaping the biodiesel market. In the United States, tax credits and renewable fuel standards have incentivized biodiesel production. However, policy uncertainties can disrupt production, as seen in December 2024 when Braya Renewable Fuels halted production due to low profit margins and U.S. tax-credit policy disruptions. In Europe, the European Union has implemented mandates requiring the blending of biodiesel into fuels, with penalties for non-compliance. However, concerns about the impact of biofuels on food security and the environment have led to calls for policy reassessment.

Technological Advancements

Advancements in biorefinery technologies are enhancing the economic viability of biodiesel production. Techno-economic assessments have shown that integrating biodiesel production with the conversion of residual biomasses and wastes into biofuel, heat, electricity, and bio-based products can be profitable. For instance, the valorization of glycerol, a byproduct of biodiesel production, into valuable products like lactic acid has demonstrated economic feasibility, with an internal rate of return (IRR) exceeding base case scenarios.

Challenges and Opportunities

Challenges

Feedstock Constraints: The reliance on food crops like palm oil for biodiesel production has raised concerns about food security and environmental sustainability. The diversion of arable land for biofuel crops can lead to deforestation and biodiversity loss.

Policy Uncertainties: Fluctuations in government policies, such as tax credits and blending mandates, can create market volatility, impacting investment decisions and production levels.

Opportunities

Second-Generation Biofuels: Developing biodiesel from non-food feedstocks, such as algae and waste materials, presents an opportunity to mitigate food security concerns and enhance sustainability.

Technological Innovations: Advancements in production technologies can improve yield efficiencies and reduce costs, making biodiesel more competitive with fossil fuels.

Future Outlook

The global biodiesel market is poised for steady growth over the next decade, driven by environmental policies, technological advancements, and increasing energy demands. However, addressing challenges related to feedstock sustainability, policy stability, and market dynamics will be crucial for the industry's long-term viability.

Conclusion

Biodiesel has emerged as a vital component of the global renewable energy landscape, offering a sustainable alternative to conventional diesel. The market's projected growth underscores the importance of supportive policies, technological innovations, and sustainable practices. As the world transitions towards cleaner energy sources, biodiesel is set to play a significant role in achieving global energy and environmental objectives.

Explore the Latest Trending "Exclusive Article" @
https://insightinnovators.wordpress.com/2025/02/24/the-role-of-desalination-in-boosting-brine-concentration-minerals-production/
https://hackmd.io/@ifI0088USW246Rx9PbLRMQ/rJI9ek9qJg
https://statisticalinsight.blogspot.com/2025/02/the-increasing-demand-for-magnesium.html
https://www.quora.com/profile/Aishwarya-Nagur-1/Key-Trends-Driving-the-Brine-Concentration-Minerals-Market
https://vocal.media/stories/the-role-of-brine-concentration-in-sustainable-mineral-extraction
https://www.directorynode.com/how-advanced-technologies-are-enhancing-brine-concentration-efficiency/
https://insightinnovators.wordpress.com/2025/03/04/the-growing-demand-for-electric-forklifts-a-market-overview/

Contact Us:
Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Biodiesel Market Expected to Surpass US$ 59 Bn by 2032 - Persistence Market Research here

News-ID: 3912902 • Views:

More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and
Global Forged Automotive Components Market Poised for Steady Growth, Projected to Reach US$ 70.7 Billion by 2032
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts. Forged automotive components are critical to
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ 2.14 Billion by 2032, Reports Persistence Market Research
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Driven by Urbanization and Demographic Trends
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring

All 5 Releases


More Releases for Europe

2019 Strategy Consulting Market Analysis | McKinsey, The Boston Consulting Group …
Strategy Consulting Market reports also offer important insights which help the industry experts, product managers, CEOs, and business executives to draft their policies on various parameters including expansion, acquisition, and new product launch as well as analyzing and understanding the market trends Need for strategic planning in highly competitive environment and to develop business capabilities to meet & exceed the emerging requirements are the major drivers which help in surging
Strategy Consulting Market 2025 | Analysis By Top Key Players: Booz & Co. , Rola …
Global Strategy Consulting Market 2019-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The key players covered in this study McKinsey , The Boston Consulting Group , Bain & Company , Booz & Co. , Roland Berger Europe
Digital Strategy Consulting Market is Thriving Worldwide with Deloitte, McKinsey …
A Digital Strategy is a form of strategic management and a business answer or response to a digital question, often best addressed as part of an overall business strategy. A digital strategy is often characterized by the application of new technologies to existing business activity and focus on the enablement of new digital capabilities to their business. A new report as a Digital Strategy Consulting market that includes a comprehensive analysis
Strategy Consulting Market 2019: By McKinsey, The Boston Consulting Group, Bain …
This report studies the global Strategy Consulting market, analyzes and researches the Strategy Consulting development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like • McKinsey • The Boston Consulting Group • Bain & Company • Booz & Co. • Roland Berger Europe • Oliver Wyman Europe • A.T. Kearney Europe • Deloitte • Accenture Europe Get Sample Report@ https://www.reporthive.com/enquiry.php?id=1247388&req_type=smpl&utm_source=AB Market segment by Type, the product can be split into • Operations Consultants • Business Strategy Consultants • Investment Consultants • Sales and
Strategy Consulting Market Analysis 2018: McKinsey, The Boston Consulting Group, …
Orbis Research Present’s “Global Strategy Consulting Market” magnify the decision making potentiality and helps to create an effective counter strategies to gain competitive advantage. The global Strategy Consulting status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Strategy Consulting development in United States, Europe and China. In 2017, the global Strategy Consulting market size was million US$ and it is expected to reach million
Influenza Vaccination Market Global Forecast 2018-25 Estimated with Top Key Play …
UpMarketResearch published an exclusive report on “Influenza Vaccination market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 115 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. This report focuses on the Influenza Vaccination market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This