Biodiesel Market Growth, Size, Share, Trends, and Forecast 2030

Biodiesel Market

Global Biodiesel Market - By Application (Power Generation, Fuel, And Others); By Production Technology (Trans-Esterification, Pyrolysis, And Others); By Feedstock Type (Animal Fats, Vegetable Oils, And Others); By Blend (B5, B10, B20, And B100); And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-2894 Published Date: Sep-2020 Status : Published
Market Size in 2019 Market Forecast in 2026 CAGR (in %) Base Year
USD 33.46 Billion USD 46.11 Billion 4.9% 2019

Global Biodiesel Market Size

The global Biodiesel market is predicted to accrue revenue worth 46.11 (USD Billion) by 2026 and will record a CAGR of nearly 4.9% during 2020-2026. The report offers assessment and analysis of the Biodiesel market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Global Biodiesel Market SizeRequest Free Sample

Biodiesel is one of the major source of renewable energy and is used extensively in the transport sector. It emits lesser carbon monoxide and hydrocarbons. The product also referred as green diesel is a pure and renewable fuel extracted from biomass.  Apparently, it is a kind of diesel fuel that is derived from animal fats or plants and comprise of an elongated chain of fatty acid esters. Moreover, it is utilized as a substitute fuel or is combined with petroleum diesel to reduce air pollution.

Global Biodiesel Market Growth Dynamics  

In Global Biodiesel Market Report, Growing use of biodiesel in automotive, marine power, farming, and various manufacturing sectors will boost the market trends. Apart from this, huge concerns pertaining to environmental degradation and need for fulfilling the energy needs of rapidly growing population as well as industries will prop up the market expansion. Furthermore, biodegradable feature of the product and its ability to produce renewable fuel for purpose of transport will embellish the market growth over the years to come. In addition to this, biodiesel helps in reducing the dependence on lubricity and this will culminate in high product penetration across myriad industries and this will steer the business growth.

Moreover, government policies favoring the use of biodiesel and tax benefits provided by the government will proliferate the expansion of biodiesel market in the foreseeable future. However, the market is highly fragmented & competitive and hence market players will try to increase their market share, thereby resulting in new product innovations at reduced cost and this will drive the business trends. Apart from this, easy availability of Blends will unlock new growth avenues for the market. Nonetheless, oscillating Blend costs will influence the product pricing, thereby inhibiting the market progression.  Moreover, large-scale depletion of fossil fuels has resulted in massive demand for renewable fuel, thereby unravelling new growth avenues for the market as well as obliterating the negative impact of hindrances on the market expansion.   

Asia Pacific Market Revenue To Hit Scalable Heights Over Forecast Timeframe

The growth of the market in Asia Pacific over forecast timespan is due to rise in the number of biodiesel manufacturers shifting their headquarters to the region. In addition to this, easy access of Blends in the sub-continent will boost the production of biodiesel in the Asia Pacific. Countries like China and India are likely to majorly contribute to the regional market size in the years ahead.

Key players influencing the market growth are Deerfield Energy, Delta American Fuel, Green Earth Fuels of Houston, Western Dubuque Biodiesel, ACCIONA Energy, LLC, DuPont, China Biodiesel International Holding, Imperium Renewables, XL Renewables, Crimson Renewable Energy, Diversified Energy Corporation, Blue Marble Energy Corp., and American Energy Producer.

The global biodiesel market is segmented as follows:

Market By Blend

  • B100
  • B20
  • B10
  • B5

By Production Technology

  • Pyrolysis
  • Trans-esterification
  • Others (Dilution, Micro-Emulsification)

By Feedstock Type

  • Vegetable Oils
    • Edible Oils (Rapeseed/Canola, Soybean, Palm)
    • Others
  • Animal Fats
    • Poultry
    • Tallow
  • Lard & White Grease
    • Others

By Application

  • Fuel
    • Automotive (On road vehicles, Off road vehicles)
    • Marine
    • Agriculture
    • Others
  • Power Generation
  • Others(Solvents, Diluent, Coatings, Printing Inks, Others)

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Growing use of biodiesel in automotive, marine power, farming, and various manufacturing sectors will boost the market trends. Apart from this, huge concerns pertaining to environmental degradation and need for fulfilling the energy needs of rapidly growing population as well as industries will prop up the market expansion. In addition to this, biodiesel helps in reducing the dependence on lubricity and this will culminate in high product penetration across myriad industries and this will steer the business growth.

According to Zion market research report, the biodiesel market revenue is expected hit nearly USD 46.11 billion by 2026 and will record a CAGR of nearly 4.9% over 2020-2026.

Asia Pacific will contribute remarkably towards the global biodiesel market share over the estimated timeline. The growth of the market in the region is credited to easy access of Blends in the sub-continent and surge in the number of biodiesel manufacturers shifting their based to the region. China and India are likely to be the major regional revenue pockets over the forthcoming years.

The key market players include Delta American Fuel, Western Dubuque Biodiesel, DuPont, Imperium Renewables, Crimson Renewable Energy, Deerfield Energy, Diversified Energy Corporation, China Biodiesel International Holding, Blue Marble Energy Corp., XL Renewables, ACCIONA Energy, LLC, Green Earth Fuels of Houston, and American Energy Producer. The market is highly fragmented and hence each player is trying to focus on acquiring huge market share, thereby driving product innovations and thus influencing market growth.

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