Biodiesel Market Size, Key Vendors, Growth Rate, Drivers, Volume, Forecast and Recent Development- P&S Intelligence

Press Release

The global biodiesel market is slated for a huge growth in the next few years, not only because of the growing environmental concerns, but also because of the surging prices for non-renewable sources of energy, such as petroleum. Governments are enhancing the use of biodiesel across the globe and many countries have initiated merging of conventional diesel with a percentage of biodiesel.

Agricultural and transportation sector is one of the major consumers of fossil fuels and main supplier to environmental pollution, which can be reduced by replacing renewable fuels such as biodiesel, instead of mineral based fuels. Biodiesel contains no petroleum products, but it is compatible with conventional diesel and can be blended in any proportion with mineral diesel to create a stable biodiesel mix. Biodiesel is eco-friendly, non-toxic and basically free from sulfur; it is renewable and can be produced from plant resources and agriculture. Biodiesel is an alternative fuel, which has a correlation with sustainable development, environmental preservation, energy conservation, efficiency and management.

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Growth of the global biodiesel market is the fact that they are obtained from biological processes and can be manufactured using any form of oil-rich crop such as oil palm, soy or sunflower. These crops are grown naturally in all the regions across the world, hence, making biofuels the most eco-friendly form of energy resource to use.

The global biodiesel market is mainly driven by rising concern of energy security and fossil fuel prices. Biodiesel is a direct substitute for fossil fuel, and irrespective of the ongoing confusion in the biofuels sector regarding the sustenance, quality of raw materials, and significant slowdown in investment, the global biodiesel market will continue to grow at a steady rate. The top five biodiesel producers in the world are the U.S., Germany, France, Argentina and Brazil. Australia is the largest producer of biodiesel in the Asia Pacific, followed by China and India.

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Report Coverage

  • Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
  • Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
  • Uncovers potential demands in the market
  • Porter analysis identifies competitive forces within the market
  • Provides information on the historical and current market size and the future potential of the market
  • Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and technology, etc (as applicable)
  • Highlights the competitive scenario of the market, major competitors, market share, benchmarking, investments and merger acquisitions
  • Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market.

This post was originally published on Technology Trend