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Biodiesel Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016-2024


Sarasota, FL -- (SBWIRE) -- 05/17/2018 -- Biodiesel Market: Overview

Biodiesel is a type of fuel which is alternative to fossil fuel. Mostly the biodiesel are produced from the waste vegetable oil, animal fats, tallow and others. . Using biodiesel as a vehicle fuel increases energy security improves air quality and provides safety benefits. Vegetable oils are used to produce biodiesel as it reduces production cost and also contain less saturated fat. Biodiesel market is gaining more and more attention because of its environmental advantages. Biodiesel helps in ensuring proper burning of the fuel and it reduces the wear and tear of the engine. Feedstock availability will be hampered due to the high demand of soya bean, corn, palm etc such raw materials hamper the feedstock.

Biodiesel Market: Growth Factors

The driving factors which are helping in the growth of biodiesel market are encouraging environmental protection, encouraging more and more use of renewable energy and replacing conventional energy. The restraint of the biodiesel market is the scarce resource or the unavailability of the resource.

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Biodiesel Market: Segmentation

The Biodiesel market has been classified on into feedstock and Application. By feedstock, the biodiesel oil market is segmented into vegetable oils and animal fats. Further vegetable oil includes palm oil, soya bean oil, canola oil, sugarcane, and others. As vegetable oil contains less saturated fat which reduces the processing cost, hence vegetable oil segment leads the biodiesel market. Animal Fat segment includes tallow, poultry etc. On the basis of application, the biodiesel market is bifurcated into power generation, fuel and others and fuel includes agriculture, marine etc.

Biodiesel Market: Regional Analysis

It is estimated that Europe is going to be the largest market for diesel in the upcoming years. In Europe, Germany is expected to hold the largest market share of biodiesel and Italy is anticipated to be the fastest growing market followed by North America.. Asia Pacific and Central & South America are expected to emerge as the major exporter of the product with sufficient availability of raw material and low production cost.

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Biodiesel Market: Competitive Players

Some of the major players in biodiesel markets are Archer Daniels Midland Company, Cargill, Ineos Group, Louis Dreyfus, TerraVia Holdings, Bunge Limited, Royal Dutch Shell plc ,Solvay SA, Mitsui, Wilmar International Limited etc.

Biodiesel Market: Regional Segment Analysis

North America
The U.S.
The UK
The Asia Pacific
Latin America
The Middle East and Africa

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