Biodiesel Market 2018-2027 | Global Key Players Analysis Enerkem among few, INEOS New Planet BioEnergy, Canergy LLC, Abengoa bioenergy, Amyris

Biodiesel Market - Overview
Growing environmental legislation and concerns are driving the need to develop and apply innovative alternative power and propulsion technology. Power is one of the most critical components of infrastructure crucial for the economic growth and welfare of nations. The existence and development of adequate infrastructure is essential for sustained growth of an economy. Worldwide governments initiate plans to introduce a scheme to encourage setting up of biodiesel plants across the countries, which will generate electricity and also help dispose of agricultural waste in a carbon-neutral manner to help tackle growing pollution. Industries such as steel-making are expanding biodiesel usage for in-house energy generation to reduce emissions while the paper companies tap on bio power generation to energize profit. The Global Bio Power Market is growing with the rapid pace; mainly due to the increasing demand for energy.

According to a recent study report published by the Market Research Future, the Global Biodiesel market has been increasing steadily and expected to gain further prominence during the forecasted period. The Market is forecasted to demonstrate a spectacular accretions, surpassing its previous growth records in terms of value and volume with a striking CAGR during the anticipated period (2016 – 2027).

Key Players
Some of the key players in the Biodiesel Market are Enerkem among few ,INEOS New Planet BioEnergy, Canergy LLC, Abengoa bioenergy, Amyris, Poet-DSM Advanced Biofuels LLC.

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Recently, on Oct. 4, the U.S. Environmental Protection Agency signaled that it is contemplating reducing proposed Renewable Fuel Standard volumes, including volumes that were finalized a year ago. Scaling back the RFS endangers the livelihood of the 64,000 American workers who rely on biodiesel and the rural communities where soybeans and biodiesel are produced, not to mention farmers nationwide for whom biodiesel and other renewable fuels present a vital market for their products.

Total U.S. production of biodiesel was approximately 1.9 billion gallons in 2016 with ample feedstock and production capacity to produce more. Another 1 billion gallons of biomass-based diesel was imported in 2016. EPA proposed volumes of 2.1 billion gallons (including imports) of biomass-based diesel for 2019—well below the actual capacity of the biodiesel industry to produce fuels here in the United States. In comments submitted to EPA on the proposed volumes, ASA advocated for a level of at least 2.5 billion gallons for 2019. The subsequent NODA contemplates rolling back biomass-based diesel levels below the already insufficient 2.1 billion gallon level.

The above news indicate towards the heavy growth the biodiesel market will be witnessing in the years to come; however depleting biomass-based diesel levels below the already insufficient alone in the US.

Biodiesel Market - Regional Analysis
North America is expected to dominate the biodiesel market mainly due to the favorable government regulations. The integration of biofuels is expected to increase in the North American region providing the market with scope for further growth. Europe and Asia-Pacific are the other major regions for the Biodiesel market due to boost in the manufacturing sector in these regions.

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