PUBLISHER: ChemAnalyst | PRODUCT CODE: 1002992
PUBLISHER: ChemAnalyst | PRODUCT CODE: 1002992
Europe Biodiesel demand stood at 6.03 Million Tonnes in 2020 and is forecast to reach 11.553 Million Tonnes by 2030, growing at a healthy CAGR of 6.8% until 2030. The rising demand for biofuel can be attributed to the increasing adoption of biofuel in the automotive and power generation industry because of its high heat capacity and eco-friendly nature. Strong government support for the replacement of traditional fossil fuels with biofuel to cut down greenhouse emissions is another factor influencing demand growth in the region. Europe holds the majority of share in the global biodiesel market due to the early adoption of biodiesel and more than two hundred refineries producing biodiesel. Additionally, there are targets of government for higher blending of biodiesel, which is also expected to fuel the demand further in Europe. In 2020, the demand for biodiesel declines due to the expected sharp downturn in economic activity, with factories and industrial plants running at lower levels due to the COVID-19 outbreak. However, with the rise in commercial and industrialization activities, the Europe biodiesel market is set to expand in the coming years.
Under this subscription, you would be able to access the Europe 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 Europe 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.
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