PUBLISHER: ChemAnalyst | PRODUCT CODE: 1002994
PUBLISHER: ChemAnalyst | PRODUCT CODE: 1002994
North America Biodiesel demand stood at 4.75 Million Tonnes in 2020 and is forecast to reach 7.824 Million Tonnes by 2030, growing at a healthy CAGR of 5.29% until 2030. The rising application of biodiesel across various end-user industries due to its eco-friendly nature and high-heat capacity is driving biodiesel demand in the region. Moreover, strong government support towards the replacement of fossil fuel with biofuel to reduce greenhouse emissions is another factor propelling demand growth in the region. In the United States, the US department of defense has decided to run most of its on-road fleets on biodiesel blends. Several companies are giving extended warranty on vehicles run on biodiesel as an effort to support biodiesel. Additionally, higher blending targets by the government are also pushing the demand further during the forecast period. High compatibility of biodiesel with the current diesel engines and renewability of resources might ensure that the costs would go down, which will support the demand rise in North America during the forecast period. The COVID-19 outbreak had a drastic impact on the regional economy, which led to reduced demand for biodiesel. However, with ease in lockdown restrictions, the commercialization and industrialization activities are gradually expanding, which is likely to influence the North America biodiesel market growth during the forecast period.
Under this subscription, you would be able to access the North America biodiesel market demand and supply analysis on a cloud-based platform for one year. The data is updated on a near real-time basis to add any new movement in the industry including, but not limited to new plant announcements, plant shutdowns, temporary disruptions in the demand or supply, news and deals, and much more specific to biodiesel.
Years Considered for Analysis:
Historical Years: 2015 - 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 - 2030
This report will be delivered on an online digital platform with a one-year subscription and quarterly update.
Deliverables:
To extract data for the North America biodiesel market, the ChemAnalyst team conducts primary research surveys with biodiesel manufacturers, suppliers, distributors, wholesalers, and customers, followed by exhaustive secondary research to cross-validate the information being collected through primary research surveys.