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Global Biodiesel Market Analysis by Production process, Feedstock, Application Region and segments forecast till 2033
Market Overview
The Global Biodiesel market is presently worth USD 35,300 million and is poised to amplify at a CAGR of 10.0% over 2023-2033, thereby amassing a valuation of USD 75,670 million by end of the assessment timeline.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 35,300 Million |
Market Forecast in 2033 | USD 75,670 Million |
CAGR % 2023-2033 | 10.00% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Production process, Feedstock, Application |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | AiCure, Amazon Web Services, Inc., Apple Inc., Arm Limited, Atomwise, Inc., Ayasdi AI LLC, Baidu, Inc., Clarifai, Inc, Google LLC, HyperVerge, Inc., Intel Corporation, International Business Machines Corporation, Lifegraph, Microsoft, NVIDIA Corporation, Oracle Corporation, Sensely, Inc., Siemens, and Others. |
Green diesel, often known as biodiesel, is a renewable alternative fuel created by transesterifying used cooking oils and animal fats. Glycerol and methyl esters (biodiesel) are the two end products of the process. Despite having characteristics that are similar to those of petroleum diesel, biodiesel is more cost-effective, carbon-neutral, and non-toxic. It also burns more cleanly than fossil fuels and doesn't leave behind toxic pollutants like sulphur. Due to these advantages, it is widely used in the automotive, maritime, railroad, agricultural, and mining industries.
The market for biodiesel is being driven in part by the rising demand for environmentally friendly fuels that minimise greenhouse gas emissions and guarantee complete combustion. The government's encouragement of biodiesel production through mandates and subsidies points to the market's sustained expansion.
A renewable, clean-burning alternative to diesel, biodiesel can be used in existing diesel engines without the need for changes. It is made up of an expanding range of recycled cooking oil, animal fats, and agricultural feedstock. The market is expected to increase as a result of rising demand for biodiesel to replace conventional fossil fuels in power generation and automotive applications. The market is very fragmented because there are so many suppliers and dealers.
The main factors propelling the market's growth are the rising worldwide energy demand and the growing desire for clean and renewable fuel sources. Another important component that stimulates growth is a flourishing automotive industry. Biodiesel has become widely used all over the world as a result of rising environmental awareness and customer understanding of its advantages.
Additionally, the use of biodiesel has been promoted by the constrained supply and rising costs of non-renewable energy sources including gasoline, diesel, and liquefied petroleum gas (LPG). A bright picture for the market is also being created by a number of technological developments, such as the emergence of third-generation biofuels made from algae that can produce a diverse and large amount of ethanol in comparison to previous feedstocks.
Production process Insights
The Alcohol trans-esterification segment is anticipated to capture a high market share owing to the emergence of new market players.
Feedstock Insights
Vegetable oil segment hold the largest market share, and is projected to grow at a considerable rate by 2033.
Application Insights
Fuel- automobile, industrial, marine segment hold the largest market share, and is projected to grow at a considerable rate by 2033.
Regional Insights
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, Europe is projected to capture a substantial revenue share over 2022-2030 due to rising environmental cognizance of the masses and increasing R&D investments in the field.
Competitive Analysis
The prominent companies defining the competitive terrain of this marketplace are Archer Daniels Midland Company (ADM), Biox Corp., Bunge Ltd., Cargill, Inc., Ecodiesel Colombia S.A., FutureFuel Corp., HERO BX, Louis Dreyfus Company, Manuelita S.A., Marathon Petroleum Corporation, Munzer Bioindustrie GmbH, Neste Oyj, NOVAOL, Renewable Biofuels, Inc., Renewable Energy Group, Inc., TerraVia Holdings, Inc., VERBIO, Wilmar International Ltd., and Others.
Global Biodiesel Market- Segmental Analysis
By production process
Alcohol trans-esterification
Hydro-heating
Others (dilution, micro-emulsification)
By feedstock
Vegetable oil
Animal oil
Others
By application
Fuel- automobile, industrial, marine
Power generation
Others
Why to buy this Report?
The report provides quantitative and qualitative aspect for Global Biodiesel Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Global Biodiesel Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
Business Model
Production Capacity, Revenue, Sales, Gross Margin
Key Business Strategy
SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the Feedstock in taking a key decision within the business:
Company Share Analysis from 2020-2022
Company Analysis by Revenue and Sales
Company Production Capacity, Gross Margin
Company Share Analysis by Feedstock/Feedstock
Company Share Analysis by Product/Specification
1. Global Biodiesel Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Biodiesel Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years 2020 to 2021
1.3.2. Projected Data Reporting Years 2022 to 2033
1.3.3. Reporting Data Parameters Value and Volume (US$ Million & Million Liters)
1.4. Global Biodiesel Market Scope and Market Estimation
1.4.1. Global Biodiesel Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Biodiesel Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Biodiesel Market Segmentation
1.5.1. Production Process of Global Biodiesel Market
1.5.2. Feedstock of Global Biodiesel Market
1.5.3. Application of Global Biodiesel Market
1.5.4. End-use of Global Biodiesel Market
1.5.5. Key Regions of Global Biodiesel Market
2. Global Biodiesel Market - Executive Summary
2.1. Global Biodiesel Market Summary & Snapshot
2.2. Global Biodiesel Market, By Production Process (US$ Million & Million Liters)
2.3. Global Biodiesel Market, By Feedstock (US$ Million & Million Liters)
2.4. Global Biodiesel Market, By Application (US$ Million & Million Liters)
2.5. Global Biodiesel Market, By End-use (US$ Million & Million Liters)
2.6. Global Biodiesel Market, By Geography (US$ Million & Million Liters)
2.7. Global Biodiesel Market Outlook & Future Opportunities
3. Biodiesel Market Trends, Outlook, and Factors Analysis
3.1. Global Biodiesel Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Biodiesel Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Biodiesel Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. The demand-supply mismatch created by limited production capacity and a huge opportunity for R&D in feedstock selection for product manufacture is likely to open up new market possibilities.
3.2.1.2. The Government policies and tax rebates to support the preference of biodiesel also anticipated to surge the growth in the global market.
3.2.1.3. Driver 3
3.2.1.4. Driver 4
3.2.2. Restraints
3.2.2.1. High cost of raw material and dependency on food prices.
3.2.2.2. Restraint 2
3.2.2.3. Restraint 3
3.2.3. Opportunities
3.2.3.1. The growing demand for environmentally friendly fuels that lower greenhouse gas emissions is predicted to open up a plethora of opportunities in the worldwide industry.
3.2.3.2. Opportunity 2
3.2.3.3. Opportunity 3
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porters Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Biodiesel Market
3.8. Key Investment Pockets of Biodiesel Market
3.8.1. By Production Process
3.8.2. By Feedstock
3.8.3. By Application
3.8.4. By Regions
4. Global Biodiesel Market: Estimates & Historic Trend Analysis (2019 to 2021)
4.1. Global Biodiesel Market, 2020 2021 (US$ Million & Million Liters)
4.2. Global Biodiesel Market, By Production Process, 2020 to 2021 (US$ Million & Million Liters)
4.3. Global Biodiesel Market, By Feedstock, 2020 to 2021 (US$ Million & Million Liters)
4.4. Global Biodiesel Market, By Application, 2020 to 2021 (US$ Million & Million Liters)
4.5. Global Biodiesel Market, By Region, 2020 to 2021 (US$ Million & Million Liters)
5. Global Biodiesel Market Estimates & Forecast Trend Analysis, by Production Process
5.1. Global Biodiesel Market Share (%) Estimates and Forecasts, by Production Process, 2022 & 2033
5.2. Global Biodiesel Market Revenue (US$ Million) & Volume (Million Liters) Estimates and Forecasts, by Production Process, 2022 to 2033
5.2.1. Alcohol Trans-Esterification
5.2.2. Hydro-Heating
5.2.3. Others (Dilution, Micro-Emulsification)
6. Global Biodiesel Market Estimates & Forecast Trend Analysis, by Feedstock
6.1. Global Biodiesel Market Share (%) Estimates and Forecasts, by Feedstock, 2022 & 2033
6.2. Global Biodiesel Market Revenue (US$ Million) & Volume (Million Liters) Estimates and Forecasts, by Feedstock, 2022 to 2033
6.2.1. Vegetable Oil
6.2.2. Animal Oil
6.2.3. Others
7. Global Biodiesel Market Estimates & Forecast Trend Analysis, by Application
7.1. Global Biodiesel Market Share (%) Estimates and Forecasts, by Application, 2022 & 2033
7.2. Global Biodiesel Market Revenue (US$ Million) & Volume (Million Liters) Estimates and Forecasts, by Application, 2022 to 2033
7.2.1. Fuel
7.2.1.1. Automobile
7.2.1.2. Industrial
7.2.1.3. Marine
7.2.2. Power Generation
7.2.3. Others
8. Global Biodiesel Market Analysis and Forecast, by Region
8.1. Global Biodiesel Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
8.2. Global Biodiesel Market Revenue (US$ Million) & Volume (Million Liters) Estimates and Forecasts, by Region, 2022 to 2033
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Middle East and Africa
8.2.5. Latin America
9. North America Biodiesel Market: Estimates & Forecast Trend Analysis
9.1. North America Biodiesel Market Assessments & Key Findings
9.2. North America Biodiesel Market Share (%) Estimates and Forecasts, 2022 & 2033
9.3. North America Biodiesel Market Size Estimates and Forecast (US$ Million & Million Liters) (2022 to 2033)
9.3.1. By Production Process
9.3.2. By Feedstock
9.3.3. By Application
9.3.4. By Major Country
9.3.4.1. The U.S.
9.3.4.2. Canada
10. Europe Biodiesel Market: Estimates & Forecast Trend Analysis
10.1. Europe Biodiesel Market Assessments & Key Findings
10.2. Europe Biodiesel Market Share (%) Estimates and Forecasts, 2022 & 2033
10.3. Europe Biodiesel Market Size Estimates and Forecast (US$ Million & Million Liters) (2022 to 2033)
10.3.1. By Production Process
10.3.2. By Feedstock
10.3.3. By Application
10.3.4. By Major Country
10.3.4.1. Germany
10.3.4.2. The U.K.
10.3.4.3. France
10.3.4.4. Italy
10.3.4.5. Spain
10.3.4.6. Rest of Europe (includes all other European countries)
11. Asia Pacific Biodiesel Market: Estimates & Forecast Trend Analysis
11.1. Asia Pacific Biodiesel Market Assessments & Key Findings
11.2. Asia Pacific Biodiesel Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Asia Pacific Biodiesel Market Size Estimates and Forecast (US$ Million & Million Liters) (2022 to 2033)
11.3.1. By Production Process
11.3.2. By Feedstock
11.3.3. By Application
11.3.4. By Major Country
11.3.4.1. China
11.3.4.2. Japan
11.3.4.3. India
11.3.4.4. ASEAN
11.3.4.5. South Korea
11.3.4.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
12. Middle East & Africa Biodiesel Market: Estimates & Forecast Trend Analysis
12.1. Middle East & Africa Biodiesel Market Assessments & Key Findings
12.2. Middle East & Africa Biodiesel Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Middle East & Africa Biodiesel Market Size Estimates and Forecast (US$ Million & Million Liters) (2022 to 2033)
12.3.1. By Production Process
12.3.2. By Feedstock
12.3.3. By Application
12.3.4. By Major Country
12.3.4.1. GCC
12.3.4.2. South Africa
12.3.4.3. Egypt
12.3.4.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
13. Latin America Biodiesel Market: Estimates & Forecast Trend Analysis
13.1. Latin America Market Assessments & Key Findings
13.2. Latin America Biodiesel Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Latin America Biodiesel Market Size Estimates and Forecast (US$ Million & Million Liters) (2022 to 2033)
13.3.1. By Production Process
13.3.2. By Feedstock
13.3.3. By Application
13.3.4. By Major Country
13.3.4.1. Brazil
13.3.4.2. Mexico
13.3.4.3. Rest of Latin America (includes all other Latin America countries)
14. Competitive Landscape
14.1. Biodiesel Market Revenue Share Analysis (%), by Major Players (2021)
14.2. Biodiesel Market Competition Matrix, by Leading Players
14.3. Biodiesel List of Emerging, Prominent and Leading Players
14.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
15. Company Profiles
15.1. Ag Processing, Inc.
15.1.1. Company Overview & Insights
15.1.2. Financial Performance
15.1.3. Product / Service Portfolio
15.1.4. Geographical Footprint & Share
15.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
15.2. Archer Daniels Midland Company (ADM)
15.3. Biox Corp.
15.4. Bunge Ltd.
15.5. Cargill, Inc.
15.6. Ecodiesel Colombia S.A.
15.7. FutureFuel Corp.
15.8. HERO BX
15.9. Louis Dreyfus Company
15.10. Manuelita S.A.
15.11. Marathon Petroleum Corporation
15.12. Munzer Bioindustrie GmbH
15.13. Neste Oyj
15.14. NOVAOL
15.15. Renewable Biofuels, Inc.
15.16. Renewable Energy Group, Inc.
15.17. TerraVia Holdings, Inc.
15.18. VERBIO
15.19. Wilmar International Ltd.
15.20. Others
16. Assumptions and Research Methodology
16.1. Data Mining
16.2. Secondary Research
16.3. Primary Research
16.4. Subject Matter Expert Advice
16.5. Quality Check
16.6. Final Review
16.7. Data Triangulation
16.8. Bottom-Up Approach
16.9. Top Down Approach
16.10. Research Flow
16.11. Key Insights from Industry Experts
16.12. Data Sources
16.13. Assumptions
16.14. Limitations
17. Conclusions and Recommendations
17.1. Key Research Findings and Conclusion
17.2. Key Insights & Recommendations from Analysts
