Biodiesel Market Share by Regions, Sales, Supply Chain, Major Players, Growth Factors, Industry Size, Current Trends and Business Outlook 2030

Biodiesel Market share is projected to register a CAGR of 7.31% during the forecast period (2022 – 2030). The market was valued at USD 40.85 billion in 2021 and to be worth USD 64.27 billion, having favorable government regulations during forecast period.

Biodiesel Market Overview:

The demand for the market of biodiesel has increased to a great extent all across the market because of the increased awareness of the same by the people. People are more aware of the non-renewable energy sources depletion along with the depletion of natural resources. To offer the right demand solution for clean energy, there is also a requirement for integrating renewable energy which is a source of fuel to be blended up well with other energy sources.

There has also been an increase in the population all across the world while the demand for clean and green energy sources has increased to a great extent too. It is one of the reasons why the biodiesel industry demand has increased in the market all across the world.

Market Growth Driving Factors

• Biodiesel being the only form of renewable fuel
• Favorable government regulations
• Increasing awareness regarding depleting nonrenewable energy sources and the need to integrate renewable energy sources

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The biodiesel demand has increased on a constant basis in the market across the globe during the forecast timeline because of the stringent regulations, government bans, and rules and policies associated with clean and green energy sources to offer different growing scopes for the market of the biodiesel in the global level. However, biodiesel is one of the renewable sources of energy that is available as it has a good potential for growth during the forecast timeline in the market across the globe.

Due to the pandemic crises that occurred because of Covid-19, there has been a massive fall in different industries and markets. Many businesses faced a huge loss which further pushed the economies toward a forced recession. The increased global pandemic wave further suffocated the individual to fight off the financial crises along with the health issues.

The lockdown situation has also caused a shutdown in different manufacturing units which are also coupled with the paused transportation and airlines that resulted in the steep downfall in the revenue of the sales of the biodiesel industry across the world. The networking of the supply chain also got affected which further resulted in fewer profit margins.

The government is witnessing better support that can help them grow across the world. But it is expected that the market for biodiesel shall recover from the global pandemic crisis if the right strategies are made to meet the needs of the customers. Also, it is expected to recover at the end of the quarter in the coming year.

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Market segmentation:

As per the Fuel Type

• Ethanol fuel
• Biodiesel fuel

As per the Type

• Cellulose type
• Methanol type
• Bio-hydrogen type

As per the Application

• Off-grid electricity supply
• Transportation

Regional classification:

The regional analysis made of the biodiesel market states that it is bifurcated into the South America region, the Middle East and Africa region, the European region, the Asia-Pacific region, North America, and the rest of the world. Presently, the market is dominated by the North American region the most because of the increased policies that the government has set.

Key Players

• INEOS New Planet BioEnergy
• Canergy LLC
• Abengoa bioenergy
• Archer Daniels Midland Company
• Wilmar International Limited
• Bunge Limited
• Neste Corporation
• Emami Group
• Munzer Bioindustrie
• BIOX Corporation
• Cargill Inc
• Louis Dreyfus Company
• Renewable Energy Group Inc
• Amyris
• Poet-DSM Advanced Biofuels LLC

Industry news:

BIOX Corporation in June 2016 acquired 50 liters of production capacity owned by Methes Energies Canada Inc.

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