Also, the feedstock used in a particular country relies on the accessibility of crops in that country. For instance, rapeseed oil is presently the most prevalent feedstock used in biodiesel production, followed by soybean oil. Rapeseed oil is usually used in many European countries for biodiesel production, whereas soybean oil is used in the U.S. and Argentina. Furthermore, biodiesel is mixed with diesel to create a blend. This blend comprises pure biodiesel, also referred to as B100, blended with petroleum diesel at varying concentrations. The blends existing in the global biodiesel market are B100, B20, B5, B2 and Others.
In recent years, biodiesel is widely used with diesel engines in many sectors such as industrial fuels, transportation fuels, and the chemical industry. Transportation fuel biodiesel acts as the significant application segment to substitute for automotive fuels to reduce harmful emissions. The increasing demand for clean energy has also fuelled the growth of the global biodiesel market. As per our estimation, the Global Biodiesel Market Size was US$ 34.7 Billion in 2020.
However, the devastating COVID-19 pandemic has had a substantial impression on the global economy at diverse stages, and the influence is also seen on biodiesel demand. With the ongoing crisis caused by the COVID pandemic, manufacturing activities and logistic operations have seen a dip in the biodiesel market. However, demand is anticipated to stabilize once the pandemic situation subsides and recovery of economic activities begins. Notwithstanding, automobiles and agriculture, the significant biodiesel end-users, experienced a downturn in 2020. Furthermore, the market was hit by supply chain disruptions, raw material supply, and government shortages. However, the long-term outlook remains stable, and the publisher expects the Global Biodiesel Industry to increase with a CAGR of 5.39% during 2020-2027.
Regionally, the global biodiesel market has been segmented into North America, Europe, Asia Pacific and Middle East & Africa. Environmental advantages of biodiesel, easy accessibility, and the federal Renewable Fuels Standard Program have majorly added to the burgeoning demand for biodiesel. Moreover, Brazil, located in the Middle East & Africa, has a mandatory consumption of biodiesel. Most biofuel is intended for domestic consumption. Also, Brazil has different policies and has introduced several programs to encourage the use of renewable energy in the foreseeable future, which is spurring the demand for biodiesel in the country.
Key players operating in the Global Biodiesel Market are Associated British Foods Plc, Chr. Hansen Holding A/S, Koninklijke DSM N.V., Kerry Group and Novozymes. In the coming years, biodiesel is the future fuel of the transportation industry, being environment-friendly swiftly paving market growth globally.
This latest report titled “Biodiesel Market, Global Forecast by Blend (B100, B20, B5, B2 and Others), Feed Stock Type (Rapeseed Oil Based Feed Stock, Soya bean Oil based Feed Stock, Waste and Residues based feed stock and Others), Application (Industrial Fuels, Transportation Fuels, Chemical Industry and Others), Regions (North America, Europe, Asia Pacific and ROW), Company (Associated British Foods Plc, Chr. Hansen Holding A/S, Koninklijke DSM N.V., Kerry Group and Novozymes)” provides a detailed analysis of Global Biodiesel Industry.
Blend - The Market has been covered from 5 viewpoints:
1. B1002. B20
3. B5
4. B2
5. Others
Feed Stock Type - The Market has been covered from 4 viewpoints:
1. Rapeseed Oil Based Feed Stock2. Soya bean Oil based Feed Stock
3. Waste and Residues based feed stock
4. Others
Application - The Market has been covered from 4 viewpoints:
1. Industrial Fuels2. Transportation Fuels
3. Chemical Industry
4. Others
Regions - The market has been covered from 4 regions:
1. North America2. Europe
3. Asia Pacific’s
4. ROW
Company Insights:
- Overview
- Company Initiatives
- Revenue Analysis
Companies Covered:
1. Associated British Foods Plc2. Chr. Hansen Holding A/S
3. Koninklijke DSM N.V.
4. Kerry Group
5. Novozymes
What is the estimated value of the Global Biodiesel Market?
What is the growth rate of the Global Biodiesel Market?
What is the forecasted size of the Global Biodiesel Market?
Who are the key companies in the Global Biodiesel Market?
Report Attribute | Details |
---|---|
No. of Pages | 125 |
Published | August 2021 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD
| USD 34.7 Billion |
Forecasted Market Value ( USD
| USD 50.1 Billion |
Compound Annual Growth Rate | 5.4% |
Regions Covered | Global |
No. of Companies Mentioned | 5 |
Table of Contents
Companies Mentioned
- Associated British Foods Plc
- Chr. Hansen Holding A/S
- Koninklijke DSM N.V.
- Kerry Group
- Novozymes
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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