A latest report has been added to the wide database of Biodiesel Market by Infinium Global Research. This report studies the
Biodiesel Market by (animal fat, waste vegetable oil, algae, jatropha and others), by application (automotive fuel, power
generation, solvent, cement manufacturing, cleaning, heating oil) market status and outlook of global and major regions, from
manufacturers, and end industries. The objective of the study is to identify market sizes of different segments & countries in
recent years and to forecast the values for the next six years. Biodiesel Market provides opportunities in micro markets for
stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and product offerings of the
major companies in the Biodiesel Market. According to the report the Global Biodiesel Market is projected to grow at a CAGR
of between 3.5% and 4.0% in terms of value over the period of 2017-2023. The growth in the world market is primarily driven
by significant contribution by North America (Leading region) region to this market.
Market Insights
The global biodiesel market was sized over USD 32.95 billion in 2015. The global biodiesel market is projected to grow with a
CAGR between 3.5% and 4.0% during 2017-2023 and reach USD 43.26 billion by 2023. The global biodiesel market is primarily
driven by the motives of concerns about greenhouse gas emissions and global climate change coupled with desire for
renewable and sustainable energy sources. Moreover, increasing demand for biodiesel fuels form end user applications such
as railway, aircraft, marine, heating oil, cleaning and generators will drive the global biodiesel market over the forecast period.
Furthermore, growing demand for biodiesel fuel to replace conventional fossil fuel in commercial, automotive and power
generation is anticipated to drive the biodiesel market globally over the forecast period. However, volatility in raw material
prices required for the production of biodiesel and unavailability of raw materials will restrain the growth of global biodiesel
market. Nevertheless, increasing investment in R&D activities from government in the feedstock and growing focus in
developing domestic & more secure fuel supplies from key players will bring more opportunities in the biodiesel market
globally over the forecast period.
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