Biodiesel Market Share, Trends, Revenue and Key Consumer by
End User to 2025
“The Global Biodiesel Market is expected to reach USD 54.8 billion by 2025,
according to a new report by Hexa Reports. The market is expected to
witness growth at 7.3% CAGR owing to Increasing demand for biodiesel as
automobile fuel owing to their environment.”
The Global Biodiesel Market is expected to reach USD 54.8 billion by 2025, according to a new report by Hexa
Reports. The market is expected to witness growth at 7.3% CAGR owing to Increasing demand for biodiesel as
automobile fuel owing to their environment friendly characteristic to mitigate greenhouse gas emission is
expected to propel industry growth.
The industry is characterized by the presence of several players, with the majority of them are established in
the Europe and North America. The industry is undersupplied in the majority of the regions owing to the
insufficient production capacities as compared to the demand. The industry players are adopting integration
strategies in order to reduce their dependency on the raw material suppliers and strengthen their position in
the global market.
Positive government outlook to support biofuel sector in emerging markets including India, Argentina and
Colombia coupled with the introduction of biofuel mandates across the globe is expected propel growth. High
demand for the major raw materials such as soybean, palm and corn are expected to hamper feedstock
availability, thus impacting the growth.
Browse Detail Report With TOC @ https://www.hexareports.com/report/biodiesel-market
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