Global Biodiesel Market to be Driven by Rising Environmental Issues and Growing Need for Alternative Fuels in the Forecast Period of 2021-2026Biodiesel Market | Global Biodiesel Industry Report Size Share Growth Price Analysis Trends Outlook and Forecast 2021-2026
The new report by Expert Market Research titled, ‘Global Biodiesel Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the Global Biodiesel Market, assessing the market based on its segments like feedstock, type, application, technology, and major regions like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/biodiesel-market/requestsample
The key highlights of the report include:
Market Overview (2015-2026)
• Historical Market Size (2020): 37 billion litres
• Forecast CAGR (2021-2026): 6%
• Forecast Market Size (2026): 51 billion litres
The Global Biodiesel Market has continuously risen in the historical period, due to a growing need for energy independence, as well as growing environmental concerns. Because the product is biodegradable and allows for the creation of renewable liquid fuel for transportation, it is an ideal fuel.
Industry Definition and Major Segments
Biodiesel is a diesel fuel composed of long-chain alkyl (ethyl, methyl, or propyl) esters derived from vegetable oil or animal fat. In general, the product is created by utilizing a process called transesterification, by chemically reacting lipids like vegetable oil, soybean oil, or animal fat with alcohol, resulting in fatty acid esters. It is then utilised as a fuel for diesel engines. Corn oil, palm oil, canola oil, soybean oil, and jatropha oil are also common biodiesel source ingredients. Due to the low manufacturing cost, considerable volumes of biodiesel are also created from waste vegetable oil collected from fast food outlets, restaurants, and food producers. Its market is further divided into segments such as:
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/biodiesel-market
The market is divided based on feedstock into:
• Vegetable Oil
• Animal Oil
Based on type, the industry is divided into:
The market is segmented based on application into:
By technology, the industry is segmented into:
• Hydro Heating
• Conventional Alcohol Transesterification
The regional market for Biodiesel includes:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Globally, the United States is a significant market in the industry, with a rapid growth rate. Europe, particularly Germany, is a prominent market that is likely to boost biodiesel market growth throughout the forecast period. The growing adoption of environmentally friendly policies, as well as the automobile industry's prominent position, are supporting the market in these regions. Because of its briskly rising economy and developing automobile industry, China is likewise emerging as a big biodiesel market.
Aside from being a perfect fuel, because of its biodegradability and ease of manufacturing, its domesticity aids in lowering reliance on imported petroleum, hence promoting market growth. Furthermore, governments throughout the world are taking steps to provide subsidies for increased biodiesel production, which is positively impacting market growth over the projection period. The rising product demand from end-user industries, particularly the automotive sector, is likely to drive market expansion in the coming years. The depletion of petrochemical reserves in oil rigs around the world will almost certainly raise product demand in the future years. This has pushed researchers to seek viable alternatives and develop new growth channels for the market as a whole, in the forecast period.
With limited agricultural land, rising oil and fat demand, and an ever-increasing population, strong competition in the feedstock need for product manufacture is expected to stymie future progress. The volatility of crude oil prices has been a serious issue in recent years. These variances have had an impact on the volume of biodiesel consumed, stifling the global market's growth.
Key Market Players
The major players in the global market are Archer Daniels Midland Company, Louis Dreyfus Company B.V., Ag Processing Inc., RB Fuels, Renewable Energy Group, Inc., Novozymes A/S, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Global Liquid Crystal Tunable Filters Market: https://www.expertmarketresearch.com/reports/liquid-crystal-tunable-filters-market
Global LED Light Engine Market: https://www.expertmarketresearch.com/reports/led-light-engine-market
Global Laboratory Information System Market: https://www.expertmarketresearch.com/reports/laboratory-information-system-market
Global Genomics Market: https://www.expertmarketresearch.com/reports/genomics-market
Global General Surgical Devices Market: https://www.expertmarketresearch.com/reports/general-surgical-devices-market
Global Gemcitabine HCL Market: https://www.expertmarketresearch.com/reports/gemcitabine-hcl-market
Global Gas Separation Membranes Market: https://www.expertmarketresearch.com/reports/gas-separation-membranes-market
Global Gas Processing Market: https://www.expertmarketresearch.com/reports/gas-processing-market
Global Fusion Splicer Market: https://www.expertmarketresearch.com/reports/fusion-splicer-market
France Cooking Equipment Market: https://www.expertmarketresearch.com/reports/france-cooking-equipment
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
Expert Market Research
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Country: United States
Read More : https://expertmarketresearch-emr.blogspot.com/
Also Read: Procurement Research
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
About Authormathewwilliams Sheridan United States
My name is Mathew Williams work for Expert Market Research as a senior SEO executive. More info you can visit our company website - https://www.expertmarketresearch.com/
Astrology is, basically, the investigation of the connection between the cosmic places of the planets and occasions ...Read More
Auf https://h7-leds.de/ werden Verbraucher über die neusten Anbieter und Testberichte von H7-Leds informi ...Read More