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Global Biodiesel Market Research and Upcoming Forecast Report
Author: Elena Anderson, Marketing Manager |
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Biodiesel Market Outlook 2026:
According to the latest report by IMARC Group, titled “Biodiesel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global biodiesel market exhibited moderate growth during 2015-2020.
Biodiesel is a renewable energy source that is a viable substitute for petroleum diesel fuel. It is obtained from vegetable oil, methanol as well as animal and recycled cooking fats. These raw materials are converted into a mixture of the fatty acids that makes the oil through a transesterification reaction.
Biodiesel allows farmers to grow the fuel they need for farm machinery as it reduces the carbon footprint of agriculture. In recent years, the leading biofuel manufacturers are introducing advanced technologies that are used for the production of biofuels through biogas, pyrolysis and gasification.
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Global Biodiesel Market Trends:
Biodiesel is regarded as a safe, non-toxic, biodegradable and energy efficient material. This helps in mitigating greenhouse gas emissions, and hence is being increasingly utilized nowadays across industries. For instance, biodiesel is extensively used in the automotive industry as it is an excellent lubricator which helps diesel engines to last longer.
Besides this, governments of various countries are undertaking research and development (R&D)
activities to commercially develop second-generation biofuels to provide energy security and meet the increasing energy needs across the globe. Moreover, biofuels have gained importance in aviation and marine transportation in recent years, with strong policy support and innovation for reducing
production costs.
For instance, Scandinavian Airlines System (SAS), a Sweden-based airline holding company, aims to
replace jet fuel that was used for domestic flights with biofuel by 2030. It also signed an agreement with the Sweden-based fuel company, Preem, to supply renewable aviation fuels to SAS from waste
materials, like forestry residues.
Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021- 2026.
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Key Market Segmentation:
Breakup by Feedstock:
•Vegetable Oils
•Animal Fats
•Others
Breakup by Application:
•Fuel
•Power Generation
•Others
Breakup by Type:
•B100
•B20
•B10
•B5
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Breakup by Production Technology:
•Conventional Alcohol Trans-esterification
•Pyrolysis
•Hydro Heating
Breakup by Region:
•North America
•Asia Pacific
•Europe
•Latin America
•Middle East and Africa
Note: We are updating our research report 2021-2026. If you want to need latest primary and secondary data with Cost Module, Business Strategy, Distribution Channel, etc
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Competitive Landscape:
•Archer Daniels Midland Company (ADM)
•Wilmar International Limited
•Renewable Energy Group Inc.
•Cargill Inc.
•Bunge Limited
•Neste Corporation
•Louis Dreyfus Company
•BIOX Corporation
•Münzer Bioindustrie GmbH
•Diester Industrie
•BTG International Ltd
•DuPont
•POET
•VERBIO
•China Clean Energy Inc.
•CropEnergies AG
•INEOS
View Report TOC, Figures and Tables: https://www.imarcgroup.com/biodiesel-market
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© 2019 IMARC All Rights Reserved
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