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Biodiesel Market Is Projected To Reach US$ 53.6 Bn By 2025

The purpose of the report is to illustrate the state of the market of Biodiesel, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

Biodiesel market is expected to witness significant growth in biodiesel production across various countries along with increasing application of biodiesel across various industries including automotive, marine, agriculture, railway, power generation and mining. It is widely used as fuel and also blended in diesel fuel in various countries in the ratio of B20, B50 and B100 depending upon the regulatory guidelines of the respective countries. Biodiesel also finds application as industrial solvent, and lubricating agent. Rising investment in the expansion of production capacity of biodiesel in various economies of Europe such as Germany, France and Italy are projected to fuel growth of biodiesel market over the forecast period. Further, growing fuel consumption in key emerging economies including India, China and others and increasing focus on reducing the dependency on fossil fuel attracting the investment in alternate sources of energy such as biodiesel. Growth in food industry driving the production of feed stock made from residue of soybean oil, corn oil, canola oil and animal fats enabling the handiness of feed stock required for production of biodiesel which in turn is fueling the production of biodiesel over the forecast period. Moreover, favorable regulatory support for mandatorily blending of biodiesel in diesel fuel is projected to fuel the consumption of biodiesel. However, raw material availability and high cost of installation of biodiesel production plant are factors expected to hamper the growth of biodiesel market during the forecast period (2017-2025).

Competitive Insights:

Global Biodiesel market is segmented on the basis of source, application and geography. By source, soybean oil was estimated to be the largest segment among all the source segments. Strong presence of food industry especially in Europe and North America generating sufficient feedstock including soybean oil, corn oil, canola oil and animal fats. Further, increasing investment in expansion of production capacity of biodiesel along with favorable regulatory support such as necessary blending of biodiesel in diesel fuel is projected to drive the growth of the segment during the forecast period. By application, in 2016 transportation fuel segment was the most dominant segment accounting for largest revenue share in global biodiesel market. Growing use of biodiesel in blending with diesel fuel coupled with regulatory support such as necessary blending of 10% of biodiesel in diesel fuel is projected to drive the growth of the segment during the forecast period. On the basis of geography, Europe was estimated to be the largest market for biodiesel in 2016. High availability of feedstock due to strong presence of manufacturing industries especially in Germany, France, and Italy is projected to drive the demand for biodiesel in the region during the forecast period. Followed by it, Asia Pacific is anticipated to be the fastest growing region in global biodiesel market. High energy demand coupled with availability growing inclination towards the reducing the imports of fossil fuel especially in India and China is projected to drive the growth of the global biodiesel market during the forecast period.

Major players in global biodiesel market are investing in expansion of production capacity along with high focus on research and development to lower the production cost. To increase their companies are focusing in merger and acquisition.

Overall, global biodiesel market is anticipated to register significant growth over the forecast period (2017-2025).

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Biodiesel buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Biodiesel contains:

Analysis and forecast of Biodiesel market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Biodiesel market;

Assessment and forecast of Biodiesel market development;

Financial and business profiles of the leading companies in the Biodiesel industry.

Scope

– Up to date working Biodiesel data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Biodiesel for the period 2018 to 2026

– Planned Biodiesel additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Biodiesel projects by region, key countries, and companies

– Details of major planned Biodiesel projects in the world up to 2026

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