Market Research Report
ASIA PACIFIC BIOFUELS & BIODIESEL MARKET FORECAST 2018-2026
|Published by||Inkwood Research||Product code||492798|
|Published||Content info||78 Pages
Delivery time: 2-3 business days
|ASIA PACIFIC BIOFUELS & BIODIESEL MARKET FORECAST 2018-2026|
|Published: February 19, 2018||Content info: 78 Pages||
Asia Pacific biofuels & biodiesel market was valued to be at $23640 million in 2017. Over the forecast years of 2018-2026, the market is expected to progress with a healthy CAGR of 7.85%, reaching a total value of $46431 million by its end.
The declining production of oil across all the reserves has become an important factor that is attracting many countries in the APAC towards the use of renewable energy resources. The market growth is also encouraged in this region, since the development of biofuel is directly linked to growth in agriculture, which would help in raising the standards of living in the rural areas of Asia-Pacific. In terms of the revenue generated, the China market dominated this region. Biodiesel production almost doubled between 2010 and 2015 due to the government crackdown on the illegal use of recycled cooking oil for human consumption in this country. The Indian market, on the other hand, is expected to showcase the highest CAGR over the forecast period. The government of India is working towards lessening the nation's dependency on imports and focus more on the adoption of eco-friendly options such as biofuels.
Prominent market players for biofuels and biodiesel include Zeachem Inc, Abengoa Bioenergy, Novozymes A/S, Air Liquide SA, Dupont Industrial Biosciences, Blue Fire Renewables, Clariant Se, Algenol Biofuels, Fiberight Llc, Poet-Dsm Advanced Biofuels Llc, Petrobras, Pacific Ethanol Inc, and others.