Global Biodiesel Market has valued USD35 Bn in 2017 and is anticipated to reach approximately USD45 Bn by 2026 at CAGR of about 7 % during a forecast period.
The report on “Biodiesel Market” is segmented by feedstock, by application, and by region. Based on Feedstock Type biodiesel market is segmented by Vegetable Oils (Soybean, Rapeseed, and Palm), Animal Fats (Lard/White Grease, Poultry, and Tallow), Brown Grease/ Trap Grease). Automotive, Power Generation, agriculture is application segments of the biodiesel market. Regionally, biodiesel market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Government across various countries are also introducing policies to support the production of biodiesel to reduce emission and create positive economic impact is driving the biodiesel market. Limited availability of crude oil is positively impacting biodiesel market. Biodiesel overcomes the drawbacks of crude oil. Biodiesel is used on a large scale in various industries including marine, railway, automotive, power generation, mining, etc. Dependency on foreign oil reserves has decreased due to the domestic production of biodiesel.
Vegetable oils are leading segment in the biodiesel market, Owing to its low cost and easy processing compared to animal fats. Vegetable oil is sub-segmented into soybean oil, distiller’s corn oil, canola oil, and yellow grease. Among the sub-segment soybean oil is dominating one. Low cost of soybean oil compares to other oils is driving the market. Also, animal fats are sub-segmented into lard, poultry, tallow, brown grease.
For more information about Report visit:https://www.maximizemarketresearch.com/market-report/global-biodiesel-market/
Scope of the Global Biodiesel Market
Global Biodiesel Market by Feedstock Type:
- Vegetable Oils
- Animal Fats
Global Biodiesel Market by Application Type:
- Power Generation
Global Biodiesel Market by Region Type:
- Asia Pacific
- North America
- Middle East & Africa
- Latin America
Key Players Analysed in the Global Biodiesel Market:
- Archer Daniels Midland Company
- Wilmar International Limited
- Bunge Limited
- Neste Corporation
- Renewable Energy Group Inc.
- Louis Dreyfus Company
- Cargill Inc.
- BIOX Corporation
- Munzer Bioindustrie
- TerraVia Holdings Inc.
- Solvay SA
- Ineos Group
- Royal Dutch Shell plc
- Western Dubuque Biodiesel
- Delta American Fuel
- Imperium Renewables
This Report Is Submitted By This @Maximize Market Research Company
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Lumawant Godage
Organization: MAXIMIZE MARKET RESEARCH PVT. LTD.
Address: Omkar Heights, Sinhagad Road, Manik Baug, Vadgaon Bk,Pune, Maharashtra 411051, India.
Contact: +91 20 6630 3320/ +919607065656/ +919607195908