This report covers the global biodiesel market for various end-user applications. The market is broken down by application, feedstock and end users. Revenue forecasts from 2019 to 2024 are given for each biodiesel segment and regional markets, with estimated values derived from manufacturers' total revenues.
The report also includes a discussion of the major players in each regional market. It also explains the major drivers and regional dynamics of the global biodiesel market and current trends in the industry. The report concludes with a special focus on the vendor landscape and detailed profiles of major vendors.
For the purpose of this report, biodiesel is defined as a renewable or alternative fuel similar to conventional/traditional or fossil' diesel. It is produced from renewable sources such as straight vegetable oil, animal oil/fats, tallow, and waste cooking oil, mostly by esterifying vegetable oils or fats. For the purposes of this report, biofuel produced through sources other than vegetable oil (such as used cooking oil and animal fats), but through the transesterification process is categorized as biodiesel in this report.
The report uses manufacturers'/producers' total revenue to determine demand and arrive at the market size figures for each represented year. For the purposes of this report, market size is defined as the demand (in dollar value) generated by end-users of biodiesel. Companies such as suppliers and distributors are out of the scope of this report, and their revenue or financial figures are not considered.
The report considers B100 as well as other blends (such as B5 and B20) for market size calculation. However, the overall sales figure of blends such as B5 and B20 are not considered as they include a much higher ratio of fossil diesel. Instead, manufacturers'/producers' (of biodiesel) revenue is considered to arrive at market size numbers. Revenue forecasts from 2019 to 2024 are given for each biodiesel segment, and the regional market with estimated values are derived from manufacturers' total revenues.
The report excludes renewable diesel (also called hydrotreated vegetable oil or HVO) as it is not traditional biodiesel and is considered a separate market. Renewable diesel also called as green diesel or HVO, is made primarily from waste and residues through a production process called hydrotreatment. In the production process, impurities are removed from the raw materials, which are then hydrotreated at a high temperature. The outcome is a colorless and odorless fuel that has an identical chemical composition with fossil diesel. Biodiesel (fatty acid methyl ester or FAME), on the other hand, is produced by esterifying vegetable oils or fats, and the chemical composition is slightly different from that of fossil diesel.
The U.S. Department of Energy's Alternative Fuels Data Center defines renewable diesel and biodiesel as: Renewable diesel is distinct from biodiesel. While renewable diesel is chemically similar to petroleum diesel, biodiesel is a mono-alkyl ester, which has different physical properties and hence different fuel specifications (ASTM D6751 and EN 14214). The two fuels are also produced through very different processes. While biodiesel is produced via transesterification, renewable diesel is produced through various processes such as hydrotreating (isomerization), gasification, pyrolysis, and other thermochemical and biochemical means.
The report begins by introducing the reader to how the global biodiesel market is evolving and how factors impact the market.
The report then proceeds to identify the following:
Primary forces with a direct impact on the market.
Secondary forces that have an indirect impact.
Key challenges that may hinder the growth of this market.
Key trends visible in the market.
Leading segments within the market.
An overview of the global market for biodiesel and discussion on feedstocks, technologies and synthesis
Analyses of global market trends, with data from 2018, 2019 and projections of compound annual growth rates (CAGRs) through 2024
Knowledge about transesterification and biodiesel production process from vegetable oil, animal oil/fats, tallow and waste cooking oil
Discussion on what makes biodiesel a sustainable alternative compared to conventional diesel
Coverage of advantages over traditional fuels, disadvantages/ challenges and efficiency of biodiesel
Insights into government initiatives across the globe, policies and incentives
Details of new developments and future outlook and mergers and acquisitions in the biodiesel industry
Evaluation of current market size, market forecast, and market share analysis of the leading suppliers of the industry
Comprehensive company profiles of major market players, including AG Processing Inc., Argent Energy, BioCube Corp., Cargill Inc., Epitome Energy, FutureFuel Corp., and Renewable Biofuels Inc.
Key Topics Covered:
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
Types of Feedstocks
Vegetable Oil-Based Feedstocks
Animal Fat-Based Biodiesel
Recent Advancements in Biodiesel
Algae as Feedstock
Growing Focus on Used Cooking Oils (UCO)
Focus on Converting Byproduct to Valuable Product
Global Biodiesel Market Forecast
Chapter 4 Global Biodiesel Market by Type of Feedstock
Vegetable Oil-Based Biodiesel
Used Cooking Oil (UCO)
Other Vegetable Oils
Animal Fat-Based Biodiesel
Chapter 5 Global Biodiesel Market by Application Segment
Specific Fuel Applications
Chapter 6 Global Biodiesel Market by Region
Canadian Programs Promoting the Use of Biodiesel
Phase 1 Trade Agreement between U.S. and China and Possible Impact
Middle East and Africa (MEA)
Chapter 7 Industry Structure and Patent Analysis
Supply Chain Analysis
Turnkey Biodiesel Operators
Biofuel and Renewable Fuel Producers
Large Fossil Fuel and Diesel Producers
Diversified Producers and Manufacturers
Key Technology Vendors in Biofuel Space
Government Incentives and Initiatives
Funding and Financing Availability
Growing Stringent Regulations to Cut Greenhouse Gas Emissions
Growing Energy Demand
Strong Growth of the HVO Market
Low Technology and Market Knowledge of Biodiesel
Low Support from Government and Lack of Incentives
High Price of Biodiesel Compared to Fossil Diesel
Cases of Fraud Biodiesel and UCO
Key Trends in the Market
Growing Mergers and Acquisitions
Partnership Between Various Stakeholders
Government Initiatives to Increase the Use of Locally Produced Feedstock