The research study of Global Biodiesel Market research 2017 covers major topics related to Global Biodiesel such as market size, untapped opportunities, dynamics of Global Biodiesel, current players in Global Biodiesel.
The report "Biodiesel Market by Feedstock Type (Vegetable Oils (Soybean, Rapeseed, Palm), Animal Fats (Lard/White Grease, Poultry, Tallow), Brown Grease/ Trap Grease), Application (Fuel, Power Generation), and Region - Global Forecast to 2021"
The biodiesel market was USD 32.87 Billion in 2015, and is projected to reach USD 41.18 Billion by 2021, at a CAGR of 3.8%, during 2016 to 2021. The biodiesel market is driven by the increasing demand for biodiesel as a fuel in the automotive, marine, railway, and power generation industries.
The objectives of the report are as follows:
- To define, describe, and forecast the global biodiesel market on the basis of feedstock type, application, and region
- To provide detailed information regarding major factors influencing the growth of the market (drivers, restraints, opportunities, and industry specific challenges)
- To analyze the opportunities in the market for stakeholders and details of a competitive landscape for market leaders
- To forecast the market size, in terms of value, with respect to five main regions, namely, North America, Europe, Asia-Pacific, Latin America, and Africa
- To strategically profile key players and comprehensively analyze their market shares and core competencies
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Major Industry Players analyzed in this Research are: Archer Daniels Midland Company (U.S.), Wilmar International Limited (Malaysia), Bunge Limited (U.S.), Neste Corporation (Finland), Renewable Energy Group Inc. (U.S.), Cargill Inc. (U.S.), BIOX Corporation (Canada), and TerraVia Holdings Inc. (U.S.) adopted the expansions, acquisitions, agreements & joint ventures, and new product developments strategies to expand their market share and distribution network in the biodiesel market from 2013 to 2016.
The vegetable oils segment is estimated to lead the biodiesel market
Vegetable oils obtained from the feedstock, such as soybean, palm, and rapeseed are used to produce biodiesel. Biodiesel obtained from vegetable oils is preferred across various industries, as it contains less saturated fat that makes it easy to process, thus reducing the overall manufacturing cost.
The fuel application segment is estimated to lead the biodiesel market
Fuel is estimated to be the leading segment of the biodiesel market, followed by power generation. Biodiesel is preferred as a fuel, as it reduces wear and tear of the engine and ensures complete fuel combustion. Additionally, biodiesel offers better fuel economy over fossil fuels.
The rising demand for biodiesel from Europe is expected to be a key factor expected to drive the growth of biodiesel market in the region. Europe is estimated to be the leading market for biodiesel. Germany is estimated to the largest market, while Italy is projected to be the fastest-growing market for biodiesel during the forecast period.
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