PUBLISHER: ChemAnalyst | PRODUCT CODE: 1002995
PUBLISHER: ChemAnalyst | PRODUCT CODE: 1002995
South America Biodiesel demand stood at 0.75 Million Tonnes in 2020 and is forecast to reach 1.211 Million Tonnes by 2030, growing at a healthy CAGR of 5.01% until 2030. The rising adoption of biodiesel in the power generation sector due to its high heat capacity and eco-friendly nature is a major driving factor for the South America Biodiesel market. Moreover, strong government support towards the replacement of fossil fuel with biofuel to diversify their oil market, reduce the oil imports from North America and the Middle East, and reduce the greenhouse emissions is propelling demand for biodiesel in the region. 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 go down during the forecast period, which would affect the South America biodiesel market positively.
Due to lockdown restrictions, travel bans, and halt in production units as a measure to curb the COVID-19 pandemic, the demand for biodiesel declined drastically. However, as the region is slowly recovering from the pandemic effects, there has been a rise in commercial and industrialization activities, which is likely to infleunce the South America biodiesel market during the forecast period.
Under this subscription, you would be able to access the South 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 South 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.