PUBLISHER: TechNavio | PRODUCT CODE: 1432228
PUBLISHER: TechNavio | PRODUCT CODE: 1432228
The biodiesel market is forecasted to grow by USD 16.71 bn during 2023-2028, accelerating at a CAGR of 7.38% during the forecast period. The report on the biodiesel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for algae for production of biodiesel, favorable government policies, and positive impact of biodiesel on environment.
Technavio's biodiesel market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 7.28% |
CAGR | 7.38% |
Incremental Value | $16.71bn |
By Application
By Type
By Geographical Landscape
This study identifies the biofuel from spent bleaching earth as one of the prime reasons driving the biodiesel market growth during the next few years. Also, growing demand for biodiesel in India and expansion of advanced biodiesel will lead to sizable demand in the market.
The report on the biodiesel market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading biodiesel market vendors that include Aemetis Inc., Ag Processing Inc., Altenesol LLC, Archer Daniels Midland Co., Argent Energy UK Ltd., AVRIL SCA, Bunge Ltd., Cargill Inc., Chevron Corp., Crimson Renewable Energy LLC, FutureFuel Corp., KFS Biodiesel GmbH and Co. KG, Kotyark Industries Ltd., Louis Dreyfus Co. BV, Munzer Bioindustrie GmbH, Neste Corp., PTT Global Chemical Public Co. Ltd., RB FUELS, Vance Group Ltd., and Wilmar International Ltd.. Also, the biodiesel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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