(MENAFN - GetNews) Biodiesel Market is expected to capture notable growth over the forecast period of 2019-2027. Growing demand for environmentally viable fuels in various industrial and transportation applications to Drive Global Biodiesel Market. Massive uptake of biodiesel as an alternative fuel to Cause Lucrative Market Growth. Global Biodiesel Market Research Report Categories by Application (off grid electricity supply and transportation), by Type (Methanol, Biohydrogen and Cellulosic ethanol) and by Region Forecast to 2027.
Biodiesel Market is expected to capture notable growth over the forecast period of 2019-2027. Growing demand for environmentally viable fuels in various industrial and transportation applications to Drive Global Biodiesel Market. Massive uptake of biodiesel as an alternative fuel to Cause Lucrative Market Growth. Global Biodiesel Market Research Report Categories by Application (off grid electricity supply and transportation), by Type (Methanol, Biohydrogen and Cellulosic ethanol) and by Region Forecast to 2027.
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Key Players Analyzed in This Report:
Some of the prominent players in the Biodiesel market include Poet-DSM Advanced Biofuels LLC, Amyris, Abengoa Bioenergy, Canergy LLC, INEOS New Planet BioEnergy, and Enerkem.
Biodiesel Market Overview:
The global biodiesel market has been growing steadily over the past couple of years. The increasing demand for energy is a dominant driver of the market. Biodiesel is the only and significant form of renewable fuel utilized across energy segments such as electricity, heat, and transportation.
Biodiesel is produced from plant or animal fats and thus differ from petroleum-based diesel fuel, which must be extracted from petroleum reserves and then refined. Hence, biodiesel represents a cheaper, more convenient method of producing diesel, especially as petroleum reserves around the world have shown all signs of having started to recede, creating a big question as to the world's needs for energy.
Considering the exponential accruals, the market is garnering currently, Market Research Future (MRFR), in its recently published study report asserts that the global biodiesel market will witness significant growth by 2027, posting a phenomenal CAGR during the assessment period (2017 2027). Industries such as steelmaking and others are using biodiesel for in-house energy generation, reducing carbon emissions while the papermaking companies tap on biopower generation to multiply the profit.
The Biodiesel market has been segmented on the basis of application, type, and region.
By Type: Based on type, the market has been segmented as methanol, biohydrogen, and cellulosic ethanol.
By Application : Based on application as off grid electricity supply and transportation.
By Region : Based on Region market for biodiesel segmented by North America, Europe, APAC, and Rest-of-the-World.
Detailed Regional Analysis:
According to the MRFR report, the Biodiesel Market has been regionally segmented into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). The North American region dominates the global biodiesel market owing to favorable government regulations and the integration of biofuels. The U.S. Environmental Protection Agency's (EPA) recent announcement of renewable volume obligations (RVO) for 2020 is encouraging the market players to expand their production capacities, helping to set compliance for refiners with the Renewable Fuels Standard. These new EPA figures play a vital role in gauging future demand for the biodiesel production in the U.S.
Latin America has also emerged as a major player in the biodiesel market, mainly due to the leading role played by Brazil. Brazil and the U.S. account for 85% of the global consumption of biodiesel, making the former a major regional market. Sugarcane production in the country has been diverted towards the production of biodiesel, accompanied by widespread mandated adoption in vehicle fuels. The presence of a strong agro-industrial complex in Brazil and the availability of large arable areas are likely to drive the biodiesel market in the country over the forecast period.
The European region is serious about the production of biodiesels. Just in the month of November 2018, Germany's biodiesel quality management association (AGQM) has published a new leaflet on the cold properties of biodiesel, providing valuable, clear and concise information on dealing with biodiesel. It explains basic parameters, standards, and describes the influence of additives and how they work.
Demand for biodiesel in the APAC continues to grow, and foreign producers continue to invest in the region. Besides, the availability of cost-competitive logistics such as ample feedstock, land, and skilled workforce also attracts these investors to shift their production plants in the APAC region.
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Table of Contents
2.Scope of The Report
2.1. Market Definition
2.2. Scope of The Study
2.2.2. Research Objective
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3.1. Porter's Five Forces Analysis
3.1.1. Threat of New Entrants
3.1.2. Bargaining Power of Buyers
3.1.3. Threat of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power of Buyers
3.2. Value Chain/Supply Chain Analysis
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