Biodiesel Market to Touch USD 7,700 Million during 2019 to 2027, according to research report on Global Biodiesel Market 2019 published by Market Research Future. Report comprises depth analysis of Biodiesel Market by type and application and region. Rise in Need for Clean Energy to Make Biodiesel Market Gain by 2027.
Global Key Players Analyzed In Report:
Few of the eminent players that are functioning in the biodiesel market include Canergy LLC, Enerkem, INEOS New Planet BioEnergy, Abengoa Bioenergy, Amyris, and Poet-DSM Advanced Biofuels LLC.
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Market Insights:
Market Research Future (MRFR), in its currently published “Biodiesel Market” report, asserts that by 2027, the market is expected to experience a substantial CAGR and attain a considerable valuation.
The global biodiesel market is observed to hold immense potential to expand in the years to come. The increase in demand for clean and renewable energy is likely to be the primary factor to push the market growth. Growing applications of biodiesel, as a renewable fuel that is used for electricity, transportation, and heating needs is likely to bolster the market expansion. Governments’ programs to introduce various schemes to encourage producers to set up more biodiesel plants is likely to benefit the market. It is due to the expansion of the world population, the need for energy consumption is surging, and the depletion of fossil-fuel energy resources is triggering the growth of the market.
The advantage offered by biodiesel in reducing carbon footprint and the rise in need to combat the growing pollution are supporting massive uptake of biodiesel as an alternative source for fuel to power automobiles. It is likely to spur the growth of the global biodiesel market. In the steel industries, biodiesel is being used extensively for in-house energy generation and reduction in carbon emissions during papermaking. Companies are tapping on biopower generation to make profit, which, in turn, is trending the market upwards.
On the contrary, the depletion in biomass-based diesel levels from the minimum level is likely to threaten the global biodiesel market growth. However, the rapid changes in the climate and the rise in demand for energy are expected to restore the market growth rate in the coming years.
Segmental Outline:
The global market of biodiesel is studied by type and application. By type, the market is classified into methanol, bio-hydrogen, and cellulosic ethanol. By application, the market is segmented into transportation and off-grid electricity supply. The wide-spread application of biodiesel, especially in the electricity sector, is expected to boost the market expansion over the evaluation
Regional Outlook:
The North America biodiesel market due to the prevalence of favourable government regulations can spur the regional market growth. The US market is anticipated to witness a considerable growth across the assessment period. Considering the announcement from the U.S. Environmental Protection Agency (EPA), their renewable volume obligations (RVO) proposal for 2020 is to support the market players to increase their production capacities and aid in setting compliance for refiners with the Renewable Fuels Standard. This new EPA initiative is expected to spur the North America biodiesel market growth.
The growing demand for biodiesel and increases in foreign investments in the Asia Pacific region are likely to propel the regional biodiesel market. Besides, the availability of cost-competitive logistics skilled workforce is cost-effective. These attract international investors that can augment the market growth. The biodiesel Europe market is expected to show profound growth in the evaluation period.
The biodiesel market appears to be highly competitive. The rise in the utility of biodiesel in both large and small-scale companies is observed to favor the market. The growing competition among well-established market players can intensify the biodiesel market growth across the review years. Increase in product innovations and new launches by key marketers can profit the market. Alongside, agreements, strategic partnerships, and acquisitions are likely to upscale the global biodiesel market in the years to come.
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Key Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued…
List of Tables:
Table 1 Global Biodiesel Market: By Region, 2018-2023
Table 2 North America Biodiesel Market: By Country, 2018-2023
Table 3 Europe Biodiesel Market: By Country, 2018-2023
Table 4 Asia-Pacific Biodiesel Market: By Country, 2018-2023
Table 5 Middle East & Africa Biodiesel Market: By Country, 2018-2023
Table 6 Middle East & Africa Biodiesel Market: By Country, 2018-2023
Table 7 South America Biodiesel Market: By Country, 2018-2023
Continued…
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