Biodiesel Market - Overview
Growing environmental legislation and concerns are driving the need to develop and apply innovative alternative power and propulsion technology. Power is one of the most critical components of infrastructure crucial for the economic growth and welfare of nations. The existence and development of adequate infrastructure is essential for sustained growth of an economy. Worldwide governments initiate plans to introduce a scheme to encourage setting up of biodiesel plants across the countries, which will generate electricity and also help dispose of agricultural waste in a carbon-neutral manner to help tackle growing pollution. Industries such as steel-making are expanding biodiesel usage for in-house energy generation to reduce emissions while the paper companies tap on bio power generation to energize profit. The Global Bio Power Market is growing with the rapid pace; mainly due to the increasing demand for energy.
According to a recent study report published by the Market Research Future, the Global Biodiesel market has been increasing steadily and expected to gain further prominence during the forecasted period. The Market is forecasted to demonstrate a spectacular accretions, surpassing its previous growth records in terms of value and volume with a striking CAGR during the anticipated period (2016 – 2027).
Biodiesel, which is produced from waste products and releases less carbon dioxide than conventional gasoline, is considered a cleaner alternative to fossil fuel. The use of higher blends of biodiesel is encouraged for a lot of reasons. It’s good for air quality, and it adds lubricity to their fuel. Ultra-low sulfur diesel is actually a fairly dry fuel, and this can help with that. But a big reason to use higher blends of biodiesel is that it adds value to one of the largest crops grown— soybeans.
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Some of the key players in the Biodiesel Market are Enerkem among few ,INEOS New Planet BioEnergy, Canergy LLC, Abengoa bioenergy, Amyris, Poet-DSM Advanced Biofuels LLC.
Study Objectives of Biodiesel
· To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Biodiesel market
· To provide insights about factors affecting the market growth
· To Analyze the Biodiesel market based on various factors- price analysis, supply chain analysis, Porters five force analysis.
· To provide historical and forecast revenue of the market segments and sub-segments with respect to six main geographies and their countries- North America, Europe, Asia-Pacific, South America, Middle East, and Africa
· To provide country level analysis of the market with respect to the current market size and future prospective
· To provide country level analysis of the market for segment by Type, by Application by and by region as well as its sub segments
· To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
· To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, and new product developments in the global Biodiesel market
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Biodiesel Market - Regional Analysis
North America is expected to dominate the biodiesel market mainly due to the favorable government regulations. The integration of biofuels is expected to increase in the North American region providing the market with scope for further growth. Europe and Asia-Pacific are the other major regions for the Biodiesel market due to boost in the manufacturing sector in these regions.
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