The biodiesel market is projected to reach USD 41.18 Billion by 2021, at a CAGR of 3.8% from 2016 to 2021. Biodiesel products find usage in several end-use industries such as, automotive, power generation, marine, railway, agriculture, and mining in applications, including fuel, power generation, industrial solvent, and lubricating agent. The increasing usage of biodiesel across these industries is expected to drive the market for the biodiesel in near future.
Biodiesel is produced from three types of feedstock, such as vegetable oils, animal fats, and greases. Vegetable oils are widely used to produce biodiesel, as they contain less saturated fat, and thus reduce the processing cost. Furthermore, vegetable oils are easily available as compared to animal fats, and greases.
Rising use of biodiesel in the fuel and power generation application segments have led to an increased demand for biodiesel, globally. Europe is estimated to be the largest market for biodiesel, followed by North America. Germany is expected to account for the largest share in Europe till 2021 with Italy is expected to be the fastest-growing market for biodiesel during the forecast period. The U.S. is the largest market for the biodiesel in North America. Major producers of biodiesel, such as Archer Daniels Midland Company, Bunge Limited, Renewable Energy Group, Cargill Inc., and TerraVia Holdings Inc. are located in the U.S.
Low cold filtration properties and increase in water separation & fuel foaming with the use of biodiesel may act as restraints for the market. However, biodiesel is environment friendly, non-toxic, and readily biodegradable fuel that offers better fuel economy over fossil fuels and ensures complete fuel combustion.
Companies are investing in expansions of their production capacities to increase their market share and cater to the increasing demand for biodiesel.
- Archer Daniels Midland Company (ADM)
- BIOX Corporation
- Bunge Limited
- Cargill Inc.
- Louis Dreyfus Company
- Münzer Bioindustrie GmbH
- Neste Corporation
- Renewable Energy Group Inc.
- Terravia Holdings Inc.
- Wilmar International Limited
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Macro Economic Indicators
8 Biodiesel Market, By Feed-stock Type
9 Biodiesel Market, By Application
10 Biodiesel Market, By Region
11 Competitive Landscape
12 Company Profiles
13 Cold Flow Improvers for Biodiesel
14 Cold Flow Additives Providers- Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/d79dkb/biodiesel_market
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SOURCE Research and Markets