Biodiesel Market is predicted to reach USD 64.27 Billion at a CAGR of 5.25% during the forecast period

Biodiesel Market is predicted to reach USD 64.27 Billion at a CAGR of 5.25% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Biodiesel Market” that contains information from 2018 to 2030. The Biodiesel market is estimated to register a CAGR of 5.25% during the forecast period of 2023 to 2030.


MRFR recognizes the following companies as the key players in the global Biodiesel market—
INEOS New Planet BioEnergy, Canergy LLC, Abengoa bioenergy, Archer Daniels Midland Company, Wilmar International Limited, Bunge Limited, Neste Corporation, Emami Group, Continental Refining Company, and BIOX Corporation


Market Highlights


The global Biodiesel market is accounted to register a CAGR of 5.25% during the forecast period and is estimated to reach USD 64.27 Billion by 2030.


The biodiesel market refers to the global trade and consumption of renewable diesel fuel derived from plant or animal sources, commonly used as a cleaner alternative to traditional fossil fuels in transportation and industrial applications. Its growth is driven by environmental concerns, government policies, and advancements in biofuel technology.


Segment Analysis


The global Biodiesel market has been segmented based on Type and application.


On the basis of Type, the market is segmented into Methanol, Biohydrogen and Cellulosic Ethanol. In 2021, the Cellulosic Ethanol category accounted for the lion's share of market revenue for biodiesel. This is due to the fact that cellulosic biodiesel has a number of benefits over other kinds of biodiesel. It does not compete for resources and land with food crops because it is created from inedible plant elements.


Based on application, the global Biodiesel market has been segmented into Off Grid Electricity Supply and Transportation. During the forecast period, 2022–2030, the transport segment, which dominated the market in 2021, is expected to develop at a higher rate.


Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Biodiesel Market Growth Insight


Regional Analysis


The global Biodiesel market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Biodiesel market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Biodiesel market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Biodiesel market comprises of Middle East, Africa, and Latin America.


The Asia-Pacific Biodiesel Market dominated this market in 2022. Due to growing government policies and stringent laws and regulations addressing environmental conservation, the North American area holds the biggest market share in the biodiesel market.


Additionally, Due to growing environmental concerns, the biodiesel market in Europe holds the second-largest market share. The adoption of all government regulations and policies is another important element driving up demand for biodiesel in the European market. Additionally, the UK biodiesel market had the quickest rate of growth in the European region, while the Germany biodiesel industry had the largest market share.


Moreover, The Asia-Pacific area, which is the market's fastest-growing region, now holds the third-largest market share for biodiesel. The demand for biodiesel in the Asia-Pacific area is accelerating due to reasons like improving economic conditions and rising population. Another consideration is the availability of raw materials in the Asia-Pacific area. The demand for the biodiesel industry is also increasing favourably in South America, the Middle East, and Africa. The contributing concerns are the rising investments in infrastructure development and the new issues.


Key Findings of the Study



  • The global Biodiesel market is expected to reach USD 64.27 Billion by 2030, at a CAGR of 5.25% during the forecast period.

  • The Asia-Pacific Biodiesel Market dominated this market in 2022. Due to growing government policies and stringent laws and regulations addressing environmental conservation, the North American area holds the biggest market share in the biodiesel market.

  • Based on application, During the forecast period, 2022–2030, the transport segment, which dominated the market in 2021, is expected to develop at a higher rate.

  • INEOS New Planet BioEnergy, Canergy LLC, Abengoa bioenergy, Archer Daniels Midland Company, Wilmar International Limited, Bunge Limited, Neste Corporation, Emami Group, Continental Refining Company, and BIOX Corporation

Leading companies partner with us for data-driven Insights.
Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo

Contact us and avail customized purchase options to meet your research needs. Get your queries resolved from an industry expert. Enquire before Buy

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.