Market research Future Biodiesel Market Estimated For Aggrandized Growth. | Page 3

Biodiesel Market Research Report- Forecast to 2027
2 Market Scenario:-
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.
Renewable energy industry is currently witnessing a significant surge in their demand; this is mainly due
to the increasing demand for energy. Favorable government regulations regarding renewable sources of
energy and development in technology which has made these renewable sources cost effective are expected
to drive the demand in the Biodiesel market. Additionally, Improvements in technology have helped boost
Biodiesel performance. Both climate change and the increasing demand for energy is expected to drive the
growth in the Biodiesel sector.
Total U.S. production of biodiesel was approximately 1.9 billion gallons in 2016 with ample feedstock and
production capacity to produce more. Another 1 billion gallons of biomass-based diesel was imported in
2016. EPA proposed volumes of 2.1 billion gallons (including imports) of biomass-based diesel for 2019—
well below the actual capacity of the biodiesel industry to produce fuels here in the United States. In
comments submitted to EPA on the proposed volumes, ASA advocated for a level of at least 2.5 billion
gallons for 2019. The subsequent NODA contemplates rolling back biomass-based diesel levels below the
already insufficient 2.1 billion gallon level.
Intended Audience



Biodiesel manufacturers
Biodiesel Suppliers
Research and Development (R&D) Companies
Page | 3
Copyright © 2018 Market Research Future.