Recent innovation & upcoming trends Biodiesel Market to 2030

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Biodiesel Market Size Worth USD 75.57 Billion in
2030
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Increasing need for emission reduction and
environmental protection is the key factor
driving market revenue growth
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End Use Analysis
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Market Entry Strategy
Restructuring Revival
New Product Strategy
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Competitive Landscape / MA Feasibility
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Market Summary
The global Biodiesel Market size reached USD
32.05 Billion in 2021 and is expected to register
a revenue CAGR of 9.9 during the forecast
period, according to latest analysis by Emergen
Research. Growing demand for biodiesel from the
automotive industry is the key factor driving
revenue growth of the market. The need for
eco-friendly fuel alternatives is growing, and
biodiesel is currently gaining popularity. This
is owing to the increased international
volatility of crude oil prices as well as the
negative environmental effects of fossil
fuels. In 2022, there will be a 2.76 billion
gallon demand for biodiesel. More than a quarter
of all soybean oil used in the U.S. is used to
meet domestic biodiesel demand. Along with
roughly 60,000 jobs, the biodiesel industry had a
USD 12 billion economic impacts on the U.S. The
amount of biomass-based diesel that must be
blended into transportation fuels is determined
annually by the federal Renewable Fuel Standard.
For 2022, theEnvironmental Protection Agency
(EPA) has proposed record-breaking total volumes,
which will result in significant revenue
growth. The biodiesel industry was established
by American soybean farmers, who have also
benefited from its expansion. This is due to the
fact that demand for biodiesel drives up the
price of and demand for American soybean oil by
13, which benefits soybean producers. Read
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Market Summary
Some Key Highlights From the Report The alcohol
trans-esterification segment accounted for a
significant revenue share in 2021. Oil
triglycerides (fats) are used as feedstocks in
the transesterification process to produce
practical biodiesel. Transesterified biodiesel,
which has a substantially lower viscosity than
petroleum diesel, can replace in diesel engines.
The industrial biodiesel synthesis method
utilized worldwide is the alcoholysis
(transesterification) of triglycerides, the main
component of vegetable oils and animal fats. The
vegetable oil segment accounted for a significant
revenue share in 2021. It is sub-segmented into
canola oil, soybean oil, palm oil, corn oil, and
others. This category holds a sizable market
share due to a number of factors, including
increased usage of vegetable oil as renewable
source for biodiesel production, high oil yield,
reduced greenhouse gas emissions, and lower
percentage of saturated fat, which lowers
production costs. The majority of biodiesel
products are made from vegetable oils, although
the origin of those oils varies greatly depending
on the region. The fuel segment revenue is
expected to register rapid growth rate over the
forecast period. It is further sub-segmented into
automotive, marine, and others. Biodiesel raises
the cetane number of gasoline and improves fuel
lubricity. When the cetane number is higher, the
engine starts faster and has less ignition delay.
Diesel engines rely on fuel lubricity to prevent
moving parts from prematurely wearing down.
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Market Summary
Emergen Research has segmented the global
biodiesel market on the basis of production
process, feedstock, application, and
region Application Outlook (Revenue, USD
Billion 2019-2030) Fuel Automotive Marine Others
Power Generation Agriculture Others Production
Process Outlook (Revenue, USD Billion
2019-2030) Hydro-Heating Alcohol
Trans-Esterification Pyrolysis                
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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2028
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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