Biodiesel Market Size Worth $54.8 Billion By 2025 | Growth Rate: 7.3%

July 2017 | Report Format: Electronic (PDF)

The global biodiesel market is expected to reach USD 54.8 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness growth at 7.3% CAGR owing to Increasing demand for biodiesel as automobile fuel owing to their environment friendly characteristic to mitigate greenhouse gas emission is expected to propel industry growth.

The industry is characterized by the presence of several players, with the majority of them are established in the Europe and North America. The industry is undersupplied in the majority of the regions owing to the insufficient production capacities as compared to the demand. The industry players are adopting integration strategies in order to reduce their dependency on the raw material suppliers and strengthen their position in the global market.

Positive government outlook to support biofuel sector in emerging markets including India, Argentina and Colombia coupled with the introduction of biofuel mandates across the globe is expected propel growth. High demand for the major raw materials such as soybean, palm and corn are expected to hamper feedstock availability, thus impacting the growth. However, increasing investments in R&D to use innovative feedstock raw materials including algae, animal fat and UCO is likely to drive growth.

 To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/biodiesel-market

Further key findings from the report suggest:

  • Europe dominated the biodiesel industry in 2016, accounting for 40.7% of the global production owing to early product adoption, high investments in R&D and positive

  • The demand for biodiesel is primarily driven by automotive application segment replace fossil fuel, and the same is expected to grow at a CAGR of 5.1% from 2017 to 2025. Selection of raw material varies dramatically from region to region based on the raw material availability and cost associated with this feedstock

  • Soybean was the major feedstock for the product in the North America accounting over 45% of the overall product, wherein rapeseed dominated the European biodiesel market with a share of over 50%

  • Central & South America and Asia Pacific are expected to emerge as major exporters for the product owing to the lower production cost and abundant raw material availability in these regions

  • Demand-supply gap in the industry is expected to open new avenues for the industry players in terms of new plant setups and capacity expansions. Capital investment and technology know-how are expected to be the key barriers for the new industry players in order to compete with the existing manufacturers

  • The major players in the industry include FutureFuel Corporation, Manuelita S.A., Archer Daniels Midland Company (ADM), Bunge Limited, Cargill, Inc., and Neste Oyj

Grand View Research has segmented the global biodiesel market on the basis of feedstock, application and region:

Feedstock Outlook (Volume, Million Liters; Revenue, USD Million, 2014 - 2025)

  • Vegetable Oils

    • Canola oil

    • Soybean oil

    • Palm oil

    • Corn oil

    • Others

  • Animal Fats

    • Poultry

    • Tallow

    • White grease

    • Others

Application Outlook (Volume, Million Liters; Revenue, USD Million, 2014 - 2025)

  • Fuel

    • Automotive

    • Marine

    • Agriculture

    • Others

  • Power Generation

  • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • UK

    • France

  • Asia Pacific

    • China

    • India

    • Indonesia

    • Thailand

  • Central & South America

    • Brazil

    • Argentina

    • Colombia

  • Middle East & Africa

Request Sample
Request for Customization

Choose License Type:

Single User - $4,950
Multi User - $7,950
Enterprise User - $9,950

Special Pricing & Discounts

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA