“The global market size of biodiesel was projected at USD 30 bn”, says Visiongain

28 November 2019
Energy

The Biodiesel Market Report 2020-2030: Forecasts by Feedstock {Vegetable Oils (Canola Oil, Soybean Oil, Palm Oil, Corn Oil, Others), Animal Fats (Poultry, Tallow, White Grease, Others)}, By Application (Automotive, Marine, Power Generation, Agriculture, Others), by region and analysis of leading companies operating in this industry.

In 2019, the global market size of biodiesel was projected at USD 30 billion. Growing demand for biodiesel in the automobile and power generation applications to replace traditional fossil fuel is expected to drive development in the industry.

The key parameters for industry players to establish themselves in the industry are expected to be capital investment and technology know-how. Because of the presence of many suppliers, the market is highly fragmented. Nonetheless, in the feedstock distribution for consumer manufacturing, the demand-supply disparity due to inadequate production capacities and broad room for R&D is expected to open opportunities for new industry players.

Vegetable oil was the preferred source for biodiesel output in the United States, where soybean controlled the market owing to the region's high production volumes. The U.S. government's efforts to encourage biofuel to reduce VOC pollution and crude oil reliance are likely to drive production.

The product has the ability to support the existing automotive engine designs that are expected to have a positive impact on the demand for the product. In addition, the mandates given by governments around the world are expected to boost the growth of the fuel industry. Nevertheless, fluctuating costs for raw materials over the forecast timeframe are likely to have an effect on product pricing.

To order to drive demand for biodiesel, the growing threat of fossil fuel decline and the need to incorporate renewable energy sources in the energy mix are expected. Unlike other biofuels, the material can be produced in the current diesel manufacturing facility, which is projected to have a significant impact on the industry.

Relative to animal fat, the processing costs of biodiesel derived vegetable oils are relatively lower owing to fast manufacturing process, ample supply of raw materials and high oil yield. Biodiesel costs, however, do not vary significantly across the globe, since producers in various regions use identical feedstocks, which are readily available on the market.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

“Global CO2 EOR spending expected to reach $22.13bn in 2020” says Visiongain report

The dynamic changes in the oil and gas industry are naturally going to affect the CO2 EOR submarket the current decade.

24 January 2020

Read

Visiongain publishes The Plastic-to-Fuel Technologies Market Report

Plastics-to-fuel technologies offer the opportunity to reduce greenhouse gas emissions by up to 60%-70% over new forms of crude oil extraction.

23 January 2020

Read

Visiongain’s forecasts indicate that the global Early Production Facility Market will reach an accumulative capital expenditure (CAPEX) of $11,624mn in 2020

The potential oil price stabilization is expected to provide the market fresh activity and make investors less reluctant to Early Production Facilities investments in the long term.

20 January 2020

Read

“The growing demand for oil and natural gas will drive the growth of the global labor market”, says Visiongain

Increasing investment in oil and gas, as well as government support for oil and gas E&P activities, will result in the need for intervention and completion services. Where platforms are required to work

08 January 2020

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever