Hexa Reports Industry Biodiesel Market | Page 2

However, increasing investments in R&D to use innovative feedstock raw materials including algae, animal fat and UCO is likely to drive growth. Further key findings from the report suggest: • Europe dominated the biodiesel industry in 2016, accounting for 40.7% of the global production owing to early product adoption, high investments in R&D and positive • The demand for biodiesel is primarily driven by automotive application segment replace fossil fuel, and the same is expected to grow at a CAGR of 5.1% from 2017 to 2025. Selection of raw material varies dramatically from region to region based on the raw material availability and cost associated with this feedstock • Soybean was the major feedstock for the product in the North America accounting over 45% of the overall product, wherein rapeseed dominated the European biodiesel market with a share of over 50% • Central & South America and Asia Pacific are expected to emerge as major exporters for the product owing to the lower production cost and abundant raw material availability in these regions • Demand-supply gap in the industry is expected to open new avenues for the industry players in terms of new plant setups and capacity expansions. Capital investment and technology know-how are expected to be the key barriers for the new industry players in order to compete with the existing manufacturers • The major players in the industry include FutureFuel Corporation, Manuelita S.A., Archer Daniels Midland Company (ADM), Bunge Limited, Cargill, Inc., and Neste Oyj Request A Sample copy of This Report @ https://www.hexareports.com/report/biodiesel-market/request-sample Table Of Content Chapter 1 Methodology and Scope 1.1 Research methodology 1.2 Research scope &assumptions 1.3 List of Data Sources Chapter 2 Executive Summary 2.1 Market snapshot Chapter 3 Biodiesel Market Variables, Trend, and Scope 3.1 Biodiesel - Market segmentation& scope 3.2 Biodiesel - Value chain analysis 3.3 Raw material outlook 3.4 Technology Overview Follow Us: