Press Release

Biodiesel Market Size, Analysis By Segmentation And Geography Overview | Fortune Business Insights

The rising demand for clean energy is a key factor expected to aid the growth of the global biodiesel market, says Fortune Business Insights in a report, titled “Biodiesel Market Size, Share & Industry Analysis, By Feedstock (Vegetable Oil, Animal Fats, Others), By Application (Power Generation, Transportation, Others) and Regional Forecast, 2019-2026” the increasing concerns regarding carbon emissions around the world is expected to fuel demand for biodiesel market during the forecast period.

The Report Covers the Following, Major Points Precisely:

  • Top Players That Are Operating in the Global Market
  • Market Segmentation
  • Regional Analysis
  • Deep Insights into the Market with Detailed Table of Content and Figures
  • Global Market Predictions for Five Decades.

Request a Sample Copy of the Global Market Research Report

According to the report, the biodiesel market based on application is divided into transportation and power generation. The transportation segment is predicted to account for a maximum share during the forecast period because it element which acts as a substitute for automotive fuels to reduce harmful emissions. The growing government initiatives and tax rebates to support the adoption of biodiesel is predicted to create new opportunities for the market in the forthcoming year. The rising technological advancements to improve the performance characteristics of biofuel is expected to bolster the healthy growth of the market. In addition, the global biodiesel market based on feedstock is classified into vegetable oil and animal fats. The vegetable oil is sub-segmented into soybean, rapeseed, palm, and others. Similarly, the animal fats segment is sub-segmented into poultry, tallow, and lard/white grease. The poultry segment is expected to witness high demand during the forecast period owing to the rising need.

Key Questions Answered:

  • What are the key technological and Biodiesel Market trends shaping the market?
  • What are the key opportunities in the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?
  • Why Choose Fortune Business Insights?
  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the Biodiesel Market growth?

Some of the Major Companies Operating in the Biofuel Market Include:

  • FutureFuel Chemical Company
  • Algenol
  • Bangchak Corporation Public Company Limited
  • Archer Daniels Midland Company
  • Bangchak Corporation Public Company Limited
  • Bunge
  • Cargill
  • LanzaTech
  • Neste
  • Blue Marble Energy (Acquired)
  • American Energy Corporation
  • ACCIONA
  • XL Renewables, Inc.
  • Green Biologics Ltd.
  • Algenol
  • Chemtex
  • Dupont
  • and TMO Renewables.

According to the report, the biodiesel market based on application is divided into transportation and power generation. The transportation segment is predicted to account for a maximum share during the forecast period because it element which acts as a substitute for automotive fuels to reduce harmful emissions. The growing government initiatives and tax rebates to support the adoption of biodiesel is predicted to create new opportunities for the market in the forthcoming year. The rising technological advancements to improve the performance characteristics of biofuel is expected to bolster the healthy growth of the market. In addition, the global biodiesel market based on feedstock is classified into vegetable oil and animal fats. The vegetable oil is sub-segmented into soybean, rapeseed, palm, and others. Similarly, the animal fats segment is sub-segmented into poultry, tallow, and lard/white grease. The poultry segment is expected to witness high demand during the forecast period owing to the rising need.

High Spending on Renewable Energy Sources to Enable Speedy Growth in North America

Geographically, the global biodiesel market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe is expected to dominate the market during the forecast period owing to the high spending on renewable energy sources. The rising technological advancements is also expected to aid biodiesel market revenue during the forecast period. The growing availability of required feedstock is expected to boost the biodiesel market share in the region. In addition, rising government support to reduce carbon emissions via tax rebates over biofuels is expected to further enhance the market potential in the regions.

Market Segmentation:

  • By Type
  • By Application
  • By Geography

The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive the competition and maintain their stronghold.

Regional Analysis:

  • North America (The USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

Deployment of 200 Biodiesel-Enabled Buses to Aid Market Expansion

The launch of biodiesel or biofuel-enabled buses in Norway is expected to boost the biodiesel market growth during the forecast period. For instance, in September 2019, with the aim to reduce carbon footprints in the country, approximately 200 buses running on biodiesel or biofuel were rolled out by MAN Truck & Bus to run in the city of Trondheim in Norway. MAN Truck & Bus delivered 105 city buses to Vy Buss and further 84 to Tide buss. Furthermore, the investment of £4 million in biofuels by Crown Oil is expected to promote the growth of the global biodiesel market in the forthcoming years. For instance, in August 2019, UK based company Crown Oil announced an investment of £4 million in biofuels. The investment is made with the main objective of replacing the diesel and gas used for vehicles with the biofuel being manufactured using vegetable oils. The fuel produced has been approved for the use of vehicles by Scania, Caterpillar, Volvo, and Mercedes-Benz. In addition, the rising environmental concerns and growing government support regarding the implementation of biofuel is expected to bolster the healthy growth of the market.

Major Table of Content for Biodiesel Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Market Analysis, Insights and Forecast, 2015-2026
  6. North America Market Analysis, Insights and Forecast, 2015-2026
  7. Europe Market Analysis, Insights and Forecast, 2015-2026
  8. Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
  9. Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
  10. Latin America Market Analysis, Insights and Forecast, 2015-2026
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

View Related Reports:

Food Service Equipment MarketFuture Prospects, Growth And Outlook 2026 | Fortune Business Insights

Chillers MarketScope, Methodology, Timelines And Challenges Forecast Till 2026

Bearings MarketSize, Key Analysis And Comprehensive Growth Forecast Till 2026 | Fortune Business Insights

Image Recognition MarketIn Depth Analysis By Total Revenue And Industry Growth Rate Forecast Till 2026

About us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd. 
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: [email protected]

Website: Fortune Business Insights™

Tags

Ruby Arterburn

Ruby is leading the team writing for artificial intelligence. She is a newcomer in the organization and has already made her base and reputation with her hard work and her efficiency towards her field. Being a student of computer science it has become easier for her to understand the objectives and the expected results of this column. She is also an excellent cook, and now and then, and we get the opportunity to taste her deliciously baked cookies.

Related Articles

Close