By 2022, it is anticipated that the worldwide biodiesel market would be worth US$103.23 billion. Additionally, over the following ten years, the biodiesel market is anticipated to expand at a CAGR of 6.9%, reaching US$ 201.17 billion by 2032.
Biodiesel is a possible source of sustainable energy that can be produced using a variety of methods from low-quality renewable resources. As a result of the biodiesel feedstock crop’s ability to capture solar energy and convert it into biodiesel feedstock oil, biodiesel fuel emits 220% more energy than is required for its own manufacture, transportation, and distribution.
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Key findings of the Biodiesel market study:
- Regional breakdown of the Biodiesel market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Biodiesel vendors in detail.
- Region-wise and country-wise fragmentation of the Biodiesel market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Biodiesel market.
Competitive Landscape:
Biodiesel manufacturers utilize a range of strategies to improve production processes, including launching new products and expanding credit lines. Additionally, the company seeks to expand through mergers and acquisitions, collaborations, and partnerships with existing companies and research institutions.
- Using high-tech equipment produced in Europe, Asia, Brazil, and other countries, Bolivia will construct the Biodiesel-1 Plant to reduce diesel imports and subsidies. YPFB Refining and Desmet Ballestra have signed an Order to Proceed that will enable the complex to be implemented. During the event, Bolivia’s President Luis Arce Catacora participated as a keynote speaker. Raw Material Pre-treatment Units and Biodiesel Production Units will be integrated into the Biodiesel-1 Plant, and the Plant will have over 131 pieces of equipment, including 131 pieces of unique equipment designed by Desmet Ballestra, who has built over 120 biodiesel plants worldwide, as well as many in South America.
- In February 2022, SLD Pumps & Power (SLD) announced that its nationwide equipment fleet would run on biodiesel fuel. A million liters of mineral diesel will be displaced every year by this switch.
Key Players:
- TerraVia Holdings
- Cargill
- Archer Daniels Midland Company
- Wilmar International Limited
- Bunge Limited
- Louis Dreyfus
- Royal Dutch Shell Plc.
- Ineos Group
- Mitsui Chemicals
- Solvay SA
Key Segments Covered in Industry Research:
· By Feedstock :
- Soybean Oil
- Distillers Corn Oil
- Canola Oil
- Yellow Grease
- Animal Fat
· By Application :
- Fuel
- Agriculture
- Power Generation
- Others (including Transportation and Cooking)
· By Region :
- North America
- Europe
- East Asia
- South Asia
- Oceania
- Latin America
- Middle East & Africa
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Report Benefits & Key Questions Answered
- Biodiesel Company & brand share analysis: The report offers brand-share analysis on Biodiesel to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
- Biodiesel Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
- Biodiesel Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
- Biodiesel Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
- Biodiesel Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
- Post COVID consumer spending on Biodiesel: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Biodiesel sales.
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