The Biodiesel Market research report looks at the examples in the parent market, close by the standard factors and piece of the pie by different portions and sub-sections. The Biodiesel Market report furthermore predicts the effect of different industry viewpoints accessible in market portions and geologies. The exploration report also distinguishes the market circumstance and impending difficulties of the overall market. It then analyzed competitive landscapes, item dispatches, augmentations, and acquisitions in the Biodiesel Market.

The biodiesel market is segmented by Feedstock (Animal fat, Vegetable Oil, and Others), Application (Transportation, Power Generation, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Biodiesel Market Overview

The market for biodiesel is expected to grow at a CAGR of more than 7% in the forecast period 2021-2028

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Biodiesel is a renewable fuel produced from the transesterification of raw materials such as vegetable oil, animal oil, and used cooking oil. It is then used as a fuel that can power diesel engines. Also, corn oil, palm oil, canola oil, soybean oil, and jatropha oil are among the commonest raw materials for biodiesel.

The easy availability of feedstock, with supporting government policies in different countries is the factor that has supported long-term expansion for Biodiesel Market.

The COVID-19 pandemic has had a noteworthy effect on the global economy at different stages, and the impact is also seen on biodiesel demand. Automobiles and agriculture, the major end users of biodiesel, experienced downturn in 2020. Furthermore, the market was affected by supply chain disruptions, shortage of raw material supply, and government.

Biodiesel Market Regional Analysis

The U.S. ranks as the number one producer of biodiesel in the world, and also one of the largest consumers. Environmental benefits of biodiesel, easy accessibility, and the federal Renewable Fuels Standard Program have majorly contributed to the growing demand for biodiesel in the country.

Biodiesel Market Competitive Landscape

Key Players

·         Neste

·         Archer Daniels Midland Company

·         Bunge Limited

·         Louis Dreyfus Company B.V.

·         Wilmar International Ltd.

·         Repsol S.A.

·         Total

·         China Petroleum & Chemical Corp (Sinopec Corporation)

·         Cargill Incorporated

·         RB Fuels.

·         Renewable Energy Group, Inc

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Recent Developments in the Biodiesel Market

·         To meet growing customer demand for specialty fats, Cargill has started construction on a US$35 million expansion of its production facility in Port Klang, Malaysia. This is the first step in a multi-year, global investment expected to exceed US$100 million aimed to significantly expand the company’s global portfolio in specialty fats.

·         Cargill is partnering with a local manufacturer in western India, to launch its first chocolate manufacturing operation in Asia. The facility is expected to begin operating mid-2021 and will initially produce 10,000 tons of chocolate compounds.

Reasons to Acquire Biodiesel Market Report

·         Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors

·         Gain authentic and granular data access for Biodiesel Market so as to understand the trends and the factors involved behind changing market situations

·         Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

·         In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Table of Contents

Biodiesel Market is segmented into feedstock, application and region.

On the basis of Feedstock

Vegetable oil

Animal fat

On the basis of Application

Transportation

Power generation

On the basis of Region

Asia Pacific

North America

Europe

South America

Middle East & Africa

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