Global Biodiesel Strategic Industry Report 2023: Market to Reach $49.4 Billion by 2030 with Vegetable Oils Accounting for $38.9 Billion Share

DUBLIN, Dec. 1, 2023 /PRNewswire/ — The “Biodiesel – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Biodiesel Market to Reach $49.4 Billion by 2030

The global market for Biodiesel estimated at US$34.2 Billion in the year 2022, is projected to reach a revised size of US$49.4 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030. Vegetable Oils, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach US$38.9 Billion by the end of the analysis period. Growth in the Animal Fats segment is estimated at 4.4% CAGR for the next 8-year period.

The COVID-19 outbreak had a notable impact on clean technologies, particularly in the biofuel sector. Biofuel consumption was dampened during the pandemic, and while biofuel production subsisted at lower levels, a quick bounce back was unlikely. The report delves into the specific effects of the pandemic on the biodiesel market, highlighting key competitors’ market shares in 2022 and their competitive presence worldwide.

It introduces biodiesel, its characteristic features, production process, and raw materials. The global market outlook emphasizes the widespread use of vegetable oil as a feedstock for biodiesel production, with transportation fuel being the leading application category. Europe leads the biodiesel market, and production trends are outlined.

The report also includes data on global biofuel production and biodiesel production breakdown by country/region for 2020, as well as insights into leading biodiesel producers in the US based on capacity for 2020. Recent market activity is also discussed. 

What`s New?

Special discussions on the global economic climate and market sentimentCoverage on global competitiveness and key competitor percentage market sharesMarket presence analysis across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and trademarked research platformComplimentary updates for one yearAccess to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET TRENDS & DRIVERS

Pressing Need for Alternative/Renewable Fuels Drives Focus onto BiofuelsFuture Trends in Biofuel Industry to Impact Growth of Biodiesel MarketDepleting Fossil Fuel Resources and Shift Towards Renewable Energy Presents Opportunities for Biodiesel MarketGlobal Energy Mix: 1990 Vs 2020Amidst Concerns over Rising Greenhouse Gas Emissions, Demand for Clean & Eco-Friendly Fuels Drives Growth in Biodiesel MarketPrice of Carbon Emission in US$ per Metric Ton of CO2-Equivalent by Select Countries: 2019Growing Importance of Biodiesel as a Substitute Fuel in Automotive IndustryGlobal Car Sales Breakdown by Fuel Type (in %) for 2019 and 2030PIncreasing Use of Biodiesel to Supplement Existing Engine Designs in Vehicles to Boost Market GrowthPower Generation: Potential for Biodiesel as Alternative to Conventional Fossil FuelsProjected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035China and India Lead the Global Rise in Demand for Electricity: Change in Gross Electricity Demand in TWh for 2017-50Need to Reduce GHG Emissions & Ensure Compliance with IMO Specifications Drives Marine Sector to Use Biofuels/BlendsAviation Biofuels to Widen Growth ProspectsTechnology Innovations Promise Further Opportunities for Biodiesel as Transportation FuelEmergence of New Feedstocks to Propel Biodiesel ProductionFavorable Biofuel Blend Mandates & Blend Targets Offer OpportunitiesVegetable Oils-Based Biodiesel: Easy Modification of Existing Diesel Engines Fuels AdoptionMajor Feedstock Use in Biodiesel Production by Region/CountryOil Price Volatility and Shift towards EVs Presents Challenges for Biodiesel MarketPrices of Petroleum Derived Feedstock: A Critical Factor Impacting Biodiesel DemandMajor Challenges Facing Biodiesel Market

FOCUS ON SELECT PLAYERS (Total 152 Featured)

AAA Oils & Fats Pte Ltd. , A subsidiary of Apical GroupArcher Daniels Midland CompanyAir Liquide SAAemetis, Inc.AG Processing Inc.AgriBioFuels, LLCArgent Energy UK Ltd.Baker Commodities, Inc.American Biodiesel, Inc. dba Community FuelsBiodico, Inc.Bangchak Petroleum Company, Ltd.Alternative Environmental Technologies (AET)Bio OilsBchemBiodiesel Argent B.V.

For more information about this report visit https://www.researchandmarkets.com/r/vwfim3

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