Global Biodiesel Market Growth Opportunities, Key Driven Factors, Market Scenario
Forecast to 2027
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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Key Players
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