Global biodiesel demand is projected to grow at a healthy CAGR of 6.75%. Biodiesel is a type of fuel made from bio based resources such as vegetable oil and animal fat. It is renewable in nature with lesser carbon footprint. It can be used in existing diesel engines without modification. Biodiesel is produced via transesterification whereby glycerin is separated from animal fat or vegetable oil leaving behind methyl esters and glycerin. Its major application areas are fuel and power generation. Lesser greenhouse gas emissions associated with biodiesel coupled with its biodegradable nature and the growing need for replacing fossil fuel with renewable fuel is projected to drive the demand of biodiesel for the forecast period. Moreover, high compatibility of biodiesel with the existing diesel engines is another factor fuelling demand growth for biodiesel during the forecast period. Increasing population and the subsequent growth in the number of vehicles and other industries using biodiesel is also expected to support demand rise for biodiesel.
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries. Automotive was among the most affected industries during the pandemic. In fact, during the pandemic there was a fall in the demand of automotive industry. This had an impact on the demand of biodiesel for the first half of 2020. The demand for biodiesel fell during the coronavirus pandemic.
Region wise, Europe region holds the major share of global demand for biodiesel due to early adoption and technological advancements of biodiesel. Moreover, increasing preference towards replacement of fossil fuel which is associated with higher greenhouse gas emissions with biofuel which is renewable and biodegradable in nature is also an influencing factor for demand growth in Europe.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
Objective of the Study:
•To assess the demand-supply scenario of biodiesel which covers production, demand and supply of biodiesel market globally.
•To analyse and forecast the market size of biodiesel.
•To classify and forecast global biodiesel market based on technology, end-use and regional distribution.
•To identify drivers and challenges for global biodiesel market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global biodiesel market.
•To identify and analyse the profile of leading players involved in the manufacturing of biodiesel.
Major players for biodiesel globally include Australian Renewable Fuels Limited, Arizona Biodiesel, Amereco Biofuels Corp., Cosan, Coskata, Sapphire Energy, Renewable Energy Group, Ag Environmental Products, Louis Dreyfus Corp.
To extract data for global biodiesel market, primary research surveys were conducted with biodiesel manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover,
ChemAnalyst analyzed various end user segments and projected a positive outlook for Global biodiesel market over the coming years.
ChemAnalyst calculated biodiesel demand globally by analyzing the historical data and demand forecast which was carried out considering imported biodiesel, prices, materials used for production of biodiesel. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• biodiesel manufacturers and other stakeholders
•Organizations, forums and alliances related to biodiesel distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as biodiesel manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, global biodiesel market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Application
Fuel and Power Generation
Market, by Product Type
Vegetable Oil, Animal Fat
Market, by Sales Channel
Direct Company Sale, Direct Import, Distributors & Traders, Retailers
Market, by Region
North America, APAC, Europe, MEA, South America
ChemAnalyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis etc.to give a comprehensive and meaningful insights on the respective product market.
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