PUBLISHER: ChemAnalyst | PRODUCT CODE: 1002993
PUBLISHER: ChemAnalyst | PRODUCT CODE: 1002993
MEA Biodiesel demand stood at 4.25 Million Tonnes in 2020 and is forecast to reach 8.072 Million Tonnes by 2030, growing at a healthy CAGR of 5.97% until 2030. The rising adoption of biodiesel across various end-user industry segments due to its high heat capacity and eco-friendly factor is driving the MEA Biodiesel market. Moreover, strong government support towards the replacement of fossil fuel with biofuel as an effort to diversify their oil market and reduce greenhouse emissions is also another factor propelling the 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 can support demand rise in Middle East Africa. The COVID-19 outbreak resulted in the declined demand for biodiesel due to a temporary ban on the production of non-essential items and limited mobility of goods and personnel. However, with ease of lockdown restrictions, there has been a sudden demand in industrialization activities, which is likely to boost the MEA biodiesel market growth.
Under this subscription, you would be able to access the MEA 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 MEA 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.