Global Biodiesel Market 2018 | Outlook, Growth By Top Companies, Regions, Types, Applications, Drivers, Trends & Forecasts by 2023
MarketStudyReport.com added Biodiesel Market Report provides an analytical assessment of the prime challenges faced by this Market currently and in the coming years, which helps Market participants in understanding the problems they may face while operating in this Market over a longer period of time.
Description: Biodiesel is produced from vegetable oils or animal fats after conversion into a range of fatty acid methyl or ethyl esters (esterification), a sustainable replacement for fossil diesel that significantly reduces carbon emissions and makes environmental sustainability a commercial proposition.
Biodiesel market competition by Market Segment by Manufacturers, report focuses on the Biodiesel in global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, types and applications.; the top players including:
- Diester Industries
- Neste Oil
- Infinita Renovables
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On the basis of Market Segment by Type, Biodiesel market report displays the production, revenue, price, market share and growth rate of each type, covers:
- Rapeseed Oil Based Feedstock
- Soybean Oil Based Feedstock
- Waste and Residues Based Feedstock
On the basis on the Market Segment by Applications, Biodiesel market report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, this can be divided into:
- Industrial Fuels
- Transportation Fuels
- Chemical Industry
First, biodiesel is a renewable fuel that can be manufactured from vegetable oils, animal fats, or recycled restaurant grease for use in diesel vehicles. Biodiesel’s physical properties are similar to those of petroleum diesel, but it is a cleaner-burning alternative.
Second, the market of biodiesel is quite separated. In 2016, the market share of the five largest companies accounted for 22.04% of global market, which are Renewable Energy Group, Diester Industries, Neste Oil, ADM and Louis Dreyfus. The global production of biodiesel reached 26567 K MT in 2015. EU is the biggest production base and consumption area of biodiesel, followed by USA, South America and China. Though enjoying a high share in fuel market, in many European countries, the biodiesel industry are threatened by overcapacity. In China, the market of biodiesel fuel is also in a tough situation, since governmental supports from local authorities are very limited.
Third, the raw materials of biodiesel are mainly vegetable oils. Biodiesel derived from rapeseed oil and soybean oil forms the largest segment of the overall market. The biodiesel market offers immense opportunities countries such as U.K., India, and China, as these regions have high diesel fuel prices and a large number of diesel fueled vehicles. Generally, the price of biodiesel fluctuates with the price of raw material. However, the impact of diesel fuel on biodiesel is the major factor. Since 2015, the sharp decrease of diesel price also triggered the trending down of biodiesel price, which made small scale manufacturers hard to survive.
Fourth, the application of biodiesel can be classified as industrial fuels, transportation fuels and chemical industry. The primary use of biodiesel is transportation fuels, which account for 58.92% in 2015. Industrial fuels and chemical industry also play important role in the whole supply chain. Regionally, biodiesel is the most common biofuel in Europe, while its consumption in China is more concentrated in chemical use.
Fifth, the global biodiesel market is expected to be worth $24.11 billion in 2022. South America is estimated to be the most promising region for biodiesel market, and the sluggish of biodiesel in China would be expected to be changed in the coming years.
Sixth, while growth may be affected by feedstock availability issues and the food v/s fuel debate, the market is expected to witness a paradigm shift with the increasing conversion efficiency of existing feedstock, and the development of newer feedstock sources such as algae.
The worldwide market for Biodiesel is expected to grow at a CAGR of roughly 1.6% over the next five years, will reach 24800 million US$ in 2023, from 22600 million US$ in 2017, according to a new study.
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Scope of the Biodiesel Market Report: This report focuses on the Biodiesel in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application
Target Audience of Biodiesel Market: Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters ,Association and government bodies.
Biodiesel market report provides regional analysis & forecast (2018-2023) including following regions:
- North America(USA, Canada and Mexico)
- Europe(Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America(Brazil, Argentina, Columbia etc.)
- Middle East and Africa(Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Some key points of Biodiesel Market research report: –
-Biodiesel Market Effect Factor Analysis.
-Technology Process/Risk Considering Substitute Threat and Technology Progress In Biodiesel Industry.
-Consumer Needs or What Change Is Observed in Preference of Customer.
-Who Are Biodiesel Market Key Manufacturers? Along with this survey you also get their Product Information (Type, Application and Specification).
-What Overview Biodiesel Market Says? This Overview Includes Diligent Analysis of Scope, Types, Application, Sales by region, manufacturers, types and applications.
-What Is Biodiesel Market Competition considering Manufacturers, Types and Application? Based on Thorough Research of Key Factors
-Biodiesel Market Manufacturing Cost Analysis –This Analysis is done by considering prime elements like Key RAW Materials, Price Trends, Market Concentration Rate of Raw Materials, Proportion of Raw Materials and Labour Cost in Manufacturing Cost Structure.
-What is Biodiesel Market forecast (2018-2023) Considering Sales, Revenue for Regions, Types and Applications?
The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Biodiesel market in 2023 is also explained. Additionally, type wise and application wise consumption tables and figures of Biodiesel market are also given.
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