According to the most recent analysis by Emergen Research, the worldwide biodiesel market size reached USD 32.05 billion in 2021 and is anticipated to grow at a revenue CAGR of 9.9% over the projected period. The primary element fueling the market's revenue growth is the expanding demand for biodiesel from the automobile sector. The demand for environmentally acceptable fuel substitutes is rising, and biodiesel is currently gaining acceptance. This is due to both the increased global volatility of crude oil prices and the harmful consequences of fossil fuels on the environment.
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
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Competitive Outlook: The leading companies operating in the Biodiesel market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Biodiesel Market and Profiled in the Report are:
Ag Processing Inc., The Archer-Daniels-Midland Company (ADM), Bunge Limited, Cargill, Incorporated, FutureFuel Corporation, Manuelita, Rb Fuels, Wilmar International Ltd, Neste Oyj, and Shell plc
Objectives of the Report:
Study of the global Biodiesel market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Biodiesel market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Biodiesel market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Biodiesel market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Segments Covered in this report are:
-
Production Process Outlook (Revenue, USD Billion; 2019-2030)
- Hydro-Heating
- Alcohol Trans-Esterification
- Pyrolysis
-
Feedstock Outlook (Revenue, USD Billion; 2019-2030)
- Vegetable Oil
- Canola Oil
- Soybean Oil
- Palm Oil
- Corn Oil
- Others
- Animal Fats
- Poultry
- Tallow
- White Grease
- Others
- Used Cooking Oil
- Others
- Vegetable Oil
-
Application Outlook (Revenue, USD Billion; 2019-2030)
- Fuel
- Automotive
- Marine
- Others
- Power Generation
- Agriculture
- Others
- Fuel
Regional Segmentation:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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