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Research Reports

Growing carbon dioxide emissions from fossil fuel, increasing energy demand, and impact of climate change have made it a high-urgency matter to search for low-carbon emission energy resources. Biodiesel has been increasingly explored as a possible alternative source of fuel. It signifies a key target for the future energy market, and can play an important role in maintaining energy security. Biodiesel is primarily considered as a potentially cheap and low-carbon energy source.

Demand for renewable energy is growing enormously, which is expected to drive the market steadily through the forecast period of 2021-2031. East Asia, Europe, and Latin America are major markets for biodiesel. Being a moderately fragmented market, manufacturers are highly focused on innovation and developing new production methods.

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In its latest revised report, Persistence Market Research says that the global biodiesel market is estimated to expand at a steady CAGR of 3% over the next ten years.

Key Takeaways of from Market Study

“Demand for low-emission fuels from the transportation sector to drive biodiesel sales over the coming years,” says a Persistence Market Research analyst.

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Competitive Landscape

The global biodiesel market has been identified as a moderately fragmented spade, with the organized sector occupying a major section of the overall share. Some of the leading players included in the report are Cargill Incorporated, Inc, Wilmar International Ltd, Louis Dreyfus Company, Neste, Archer Daniels Midland Company, Royal Dutch Shell plc China Petroleum & Chemical Corporation, RB Fuels, and Renewable Energy Group, Inc. Large number of producers across the globe are anticipated to create an intensely competitive environment at the global level.

Global Biodiesel: Conclusion

The biodiesel industry is gaining substantial attention as an alternative fuel to petroleum-derived fuels due to major concerns regarding carbon emissions and global warming that have been elevated due to fossil fuels. Sales of biodiesel are estimated to rise over the coming years, owing to increasing demand for environment-friendly fuels across regions.

More Valuable Insights

Persistence Market Research, a research and consulting firm, has published a revised market research report on the biodiesel market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides in-depth analysis of the market through different segments, namely, feedstock, production process, application, and region. The report also provides supply and demand trends, along with an overview of the parent market.

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