IGR Biodiesel Market | Page 3

Segments Covered: The report segments the biodiesel market by feedstock, by application and by region. Market segmentation based on feedstock includes animal fat, waste vegetable oil, algae, jatropha and others. Moreover, the global biodiesel market based on application is segmented as automotive fuel, power generation, solvent & cement manufacturing, cleaning, heating oil and others. Geographic Coverage and Analysis: The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, Latin America and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2017 – 2023. Europe is accounted for the largest production of biodiesel due to support by government to increase energy independence and meet the rising energy demand. Moreover, Germany and France are major and remarkable producers of biodiesel over the last decade but are anticipated to decline in the upcoming years due to imposition of taxes on green fuels which have made biodiesel too expensive and economic slowdown. However, North and South America biodiesel market are anticipated to grow at a highest CAGR rate over the forecast period due to initiatives taken by the government of U.S, Canada, Brazil and Argentina to reduce dependence on foreign petroleum and to promote bio-fuel sector by creating jobs and improving the environment. Nevertheless, Asia Pacific biodiesel market is also likely to witness a significant growth over the forecast period due to growth in automotive sector and increasing demand in diesel driven vehicle are at rapid pace especially in economies such as China and India. Furthermore, India is anticipated to grow at a highest CAGR rate in Asia Pacific region due to government initiatives in promoting green fuel to reduce pollution as well as to reduce dependency on crude oil. Companies Profiled: The companies covered in the report include Green Earth Fuels, LLC, ACCIONA Energy, American Energy Producer, China Biodiesel International Holding, Crimson Renewable Energy, Deerfield Energy, Imperium Renewables, Archer Daniels Midland Company, Wilmar International Limited, Neste Corp., BIOX Corp., and Cargill Inc. Infinium Global Research