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Report
Biodiesel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-07-05 I 148 Pages I IMARC Group
Market Overview:
The global biodiesel market size reached US$ 42.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 54.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.
Biodiesel, or green diesel, is a renewable, clean-burning alternative fuel that is produced through the transesterification of recycled cooking oils and animal fats. The process has two products, methyl esters (biodiesel) and glycerol. Biodiesel has properties similar to that of petroleum diesel, but in comparison, it is more economical, carbon-neutral and non-toxic. It also burns cleaner than fossil fuels and does not produce sulfur as a residue or other harmful chemicals. Owing to these benefits, it finds extensive application across automotive, marine, railway, agriculture and mining industries.
Global Biodiesel Industry Drivers:
The increasing global energy demand and the growing need for clean and renewable fuel sources, represent the key factors driving the growth of the market. Furthermore, a thriving automotive industry is another major growth-inducing factor. Increasing environmental-consciousness and consumer awareness regarding the benefits of biodiesel have led to its widespread adoption across the globe. Additionally, the limited availability and surging prices of non-renewable energy sources such as petrol, diesel and Liquified Petroleum Gas (LPG) have favored the utilization of biodiesel. Various technological advancements such as the emergence of third-generation biofuels derived from algae that can produce a diverse and high quantity of biofuel as compared to other feedstocks are further creating a positive outlook for the market. Other factors such as the implementation of favorable government policies to promote its usage for sustainable development, energy conservation and environmental preservation are also projected to impact the market positively in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global biodiesel market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on feedstock, application, type and production technology.
Breakup by Feedstock:
Vegetable Oils
Animal Fats
Others
Breakup by Application:
Fuel
Power Generation
Others
Breakup by Type:
B100
B20
B10
B5
Breakup by Production Technology:
Conventional Alcohol Trans-esterification
Pyrolysis
Hydro Heating
Breakup by Region:
Asia Pacific
North America
Europe
Latin America
Middle East and Africa
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being Archer Daniels Midland Company (ADM), Wilmar International Limited, Renewable Energy Group Inc., Bunge Limited, Cargill, Incorporated, Neste Oyj, Louis Dreyfus Company B.V., Biox Corporation, Diester Industrie, Biomass Technology Group (BTG) BV, DuPont, POET, Verbio Vereinigte BioEnergie AG, China Clean Energy, Inc., CropEnergies AG, INEOS AG, etc.
Key Questions Answered in This Report
1. What is the global biodiesel market growth in 2023-2028?
2. What are the global biodiesel market drivers?
3. What are the key industry trends in the global biodiesel market?
4. What is the impact of COVID-19 on the global biodiesel market?
5. What is the global biodiesel market breakup by feedstock?
6. What is the global biodiesel market breakup by application?
7. What is the global biodiesel market breakup by type?
8. What is the global biodiesel market breakup by production technology?
9. What are the major regions in the global biodiesel market?
10. Who are the key companies/players in the global biodiesel market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Biodiesel Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Feedstock
5.5 Market Breakup by Application
5.6 Market Breakup by Type
5.7 Market Breakup by Production Technology
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Feedstock
6.1 Vegetable Oils
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Animal Fats
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Application
7.1 Fuel
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Power Generation
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Type
8.1 B100
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 B20
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 B10
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 B5
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Production Technology
9.1 Conventional Alcohol Trans-esterification
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Pyrolysis
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Hydro Heating
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 Asia-Pacific
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 North America
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Europe
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porter's Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Archer Daniels Midland Company (ADM)
15.3.2 Wilmar International Limited
15.3.3 Renewable Energy Group Inc.
15.3.4 Bunge Limited
15.3.5 Cargill, Incorporated
15.3.6 Neste Oyj
15.3.7 Louis Dreyfus Company B.V.
15.3.8 Biox Corporation
15.3.9 Diester Industrie
15.3.10 Biomass Technology Group (BTG) BV
15.3.11 DuPont
15.3.12 POET
15.3.13 Verbio Vereinigte BioEnergie AG
15.3.14 China Clean Energy, Inc.
15.3.15 CropEnergies AG
15.3.16 INEOS AG
Figure 1: Global: Biodiesel Market: Major Drivers and Challenges
Figure 2: Global: Biodiesel Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Biodiesel Market: Breakup by Feedstock (in %), 2022
Figure 4: Global: Biodiesel Market: Breakup by Application (in %), 2022
Figure 5: Global: Biodiesel Market: Breakup by Type (in %), 2022
Figure 6: Global: Biodiesel Market: Breakup by Production Technology (in %), 2022
Figure 7: Global: Biodiesel Market: Breakup by Region (in %), 2022
Figure 8: Global: Biodiesel Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Biodiesel Industry: SWOT Analysis
Figure 10: Global: Biodiesel Industry: Value Chain Analysis
Figure 11: Global: Biodiesel Industry: Porter's Five Forces Analysis
Figure 12: Global: Biodiesel (Vegetable Oils) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 13: Global: Biodiesel (Vegetable Oils) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 14: Global: Biodiesel (Animal Fats) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 15: Global: Biodiesel (Animal Fats) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 16: Global: Biodiesel (Other Feedstocks) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 17: Global: Biodiesel (Other Feedstocks) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 18: Global: Biodiesel (Fuel) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 19: Global: Biodiesel (Fuel) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 20: Global: Biodiesel (Power Generation) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 21: Global: Biodiesel (Power Generation) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 22: Global: Biodiesel (Other Applications) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 23: Global: Biodiesel (Other Applications) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 24: Global: Biodiesel (B100) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 25: Global: Biodiesel (B100) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 26: Global: Biodiesel (B20) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 27: Global: Biodiesel (B20) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 28: Global: Biodiesel (B10) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 29: Global: Biodiesel (B10) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 30: Global: Biodiesel (B5) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 31: Global: Biodiesel (B5) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 32: Global: Biodiesel (Conventional Alcohol Trans-esterification) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 33: Global: Biodiesel (Conventional Alcohol Trans-esterification) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 34: Global: Biodiesel (Pyrolysis) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 35: Global: Biodiesel (Pyrolysis) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 36: Global: Biodiesel (Hydro Heating) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 37: Global: Biodiesel (Hydro Heating) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 38: Asia Pacific: Biodiesel Market: Sales Value (in Billion US$), 2017 & 2022
Figure 39: Asia Pacific: Biodiesel Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 40: North America: Biodiesel Market: Sales Value (in Billion US$), 2017 & 2022
Figure 41: North America: Biodiesel Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 42: Europe: Biodiesel Market: Sales Value (in Billion US$), 2017 & 2022
Figure 43: Europe: Biodiesel Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 44: Middle East and Africa: Biodiesel Market: Sales Value (in Billion US$), 2017 & 2022
Figure 45: Middle East and Africa: Biodiesel Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 46: Latin America: Biodiesel Market: Sales Value (in Billion US$), 2017 & 2022
Figure 47: Latin America: Biodiesel Market Forecast: Sales Value (in Billion US$), 2023-2028
Table 1: Global: Biodiesel Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Biodiesel Market Forecast: Breakup by Feedstock (in Billion US$), 2023-2028
Table 3: Global: Biodiesel Market Forecast: Breakup by Application (in Billion US$), 2023-2028
Table 4: Global: Biodiesel Market Forecast: Breakup by Type (in Billion US$), 2023-2028
Table 5: Global: Biodiesel Market Forecast: Breakup by Production Technology (in Billion US$), 2023-2028
Table 6: Global: Biodiesel Market Forecast: Breakup by Region (in Billion US$), 2023-2028
Table 7: Global: Biodiesel Market Structure
Table 8: Global: Biodiesel Market: Key Players
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