Biodiesel Industry is Growing at a Steady Pace due to Increasing Usage of it in Major Industries.

2024-11-22 11:31:18 Environment

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The limited availability of petrol and its surging prices have brought about the development of Biodiesel Market which provides alternative biofuels such as Biodiesel, Bioethanol, and Biogas. The major advantages of Biodiesel are that it enhances engine life, and unlike petroleum, it does not pollute the environment.

IndustryARC suggests that the Global Biodiesel Market shall grow at a CAGR of 6.60% during the forecast period 2015-2020. With rising consumption of biodiesel fuel across the globe, the biofuel production (in biodiesel plant) is only expected to continue increasing in terms of both, quality and quantity.

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Top Leading Drivers of the Biodiesel Market:
Biodiesel being bio-degradable, non-toxic and containing negligible Sulphur content and 60% less carbon dioxide emission, has been gaining high importance across the globe in terms of being the most adopted biofuel.

The Biodiesel Market is slated for a huge growth in the next few years not only because of the growing environmental concerns, but also because of the surging prices for non-renewable sources of energy, especially petroleum. Governments across the globe are encouraging the use of biodiesel; and many countries have initiated blending of conventional diesel with a percentage of biodiesel.

Biodiesel Market Segmentation:
Biodiesel Market has been segmented into broad 5 types based on the following factors:
1. By Method of Synthesis: Pyrolysis, Dilution, Microemulsion and Transesterifucation.
2. By Source: Vegetable Oils, Animal Fat and Others.
3. By Blends: B100, B20, B5 and Others.
4. By Application: Automotive, Aviation, Industrial, Marine, Heating Fuel, Mining Sector and Others.
5. By Geography: Americas, Europe, APAC and ROW.

Key Vendors of the Biodiesel Market:
IndustryARC has studied and analyzed more than 40 key players of the global Biodiesel market with few top few ones being:
? Cargill, Incorporated
? Neste Corporation
? Imperium Renewables, Inc.
? Atlantic Biodiesel Corporation
? Archer Daniels Midland Company

Report Scope- Biodiesel Market:
The research analyzes key trends, major issues and growth opportunities in the global biodiesel market. Market share by production capacity, elaborate profiling of major industry participants and information on major present and upcoming biodiesel production facilities provide insight into the competitive scenario in the global biodiesel industry. This coupled with information on important news and deals provide a comprehensive understanding of the market. Information on the regulatory framework and key policies governing the industry has also been dealt with in detail.

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http://industryarc.com/Report/11699/biodiesel-market-analysis.html

About IndustryARC:
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

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