PUBLISHER: Renub Research | PRODUCT CODE: 1452702
PUBLISHER: Renub Research | PRODUCT CODE: 1452702
Biodiesel Market, Size, Share, Global Forecast 2024-2030, Industry Trends, Growth, Insight, Top Companies Analysis
Global biodiesel market is expected to be worth around US$ 59.26 billion by 2030, according to Renub Research. In modern instances, biodiesel performs a crucial role in addressing environmental challenges and electricity sustainability. As a renewable gas derived from natural assets like vegetable oils and animal fat, biodiesel extensively reduces greenhouse fuel emissions as compared to standard diesel, mitigating climate exchange influences. Its use promotes energy independence by lowering reliance on fossil fuels, contributing to countrywide protection. Additionally, biodiesel supports agricultural economies by developing new markets for farm merchandise, fostering rural improvement, and improving overall environmental quality.
Global Biodiesel Market is projected to boom at a CAGR of 6.05% between 2024 and 2030
As per the Iowa Renewable Fuels Association, biodiesel slashes greenhouse gasoline emissions by as much as 86%, is non-toxic, and biodegradable. Its utilization additionally reduces particulate count through 47%, hydrocarbon emissions by as much as sixty seven%, and mitigates smog. Biodiesel production appreciably curtails wastewater by 79% and dangerous waste through 96% as opposed to petroleum diesel. Consequently, the growing desire for sustainable practices amongst environmentally-conscious purchasers fuels biodiesel demand, using market increase as more consumers are trying to find cleaner gasoline alternatives.
Moreover, increasing manufacturing meets the rising demand, bolstering the global biodiesel market by presenting more sustainable fuel options and mitigating reliance on fossil fuels. According to the US Environmental Protection Agency (EPA), US manufacturing of biomass-based diesel, encompassing biodiesel, renewable diesel, sustainable aviation fuel (SAF), and heating oil, reached four billion gallons in 2023. Both home production and use of advanced biomass-based diesel grew by 1 billion gallons in 2023 compared to 2022, indicating a vast expansion in the quarter. Hence, the Global Biodiesel Market was priced at US$ 39.27 Billion in 2023.
Besides, maximum new biofuel demands emerge from robust guidelines in emerging economies, particularly Brazil, Indonesia, and India. With hovering transport fuel desires and ample feedstock capacity, those international locations witness massive ethanol and biodiesel usage expansion. Indonesia, the world's biggest biodiesel manufacturer, is important in exemplifying its commitment to reducing greenhouse gas emissions and boosting its financial system. Beyond being the most outstanding international biodiesel manufacturer, Indonesia's big palm oil industry and favorable agricultural setup contribute to its leadership. In a bid to reduce energy imports and promote palm oil consumption, Indonesia's Energy Ministry plans to test B40 mixing, incorporating 30% Fatty Acid Methyl Ester (FAME) and 10% distilled Palm Methyl Ester (DPME) or 10% green diesel from palm oil.
China could emerge as a significant player in the worldwide biodiesel industry
Based on countries, the global biodiesel market is divided into the United States, Canada, France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, Turkey, China, Japan, India, Australia, South Korea, Thailand, Malaysia, Indonesia, New Zealand, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, and the United Arab Emirates. China has the capacity to become a considerable player in the global biodiesel market due to its considerable population, increasing energy demands, and growing awareness of environmental concerns. In 2021, China is forecasted to supply 1.9 billion liters of biodiesel, with local demands anticipated to account for just 40% of that, in line with statistics from the U.S. Department of Agriculture (USDA). Besides, government assistance for renewable energy tasks is contributing to the boom of the global biodiesel market. For instance, in 2021, China released a sequence of pilot tasks to stimulate domestic manufacturing and consumption of biodiesel, as pronounced by the National Energy Administration (NEA), improving environmental efforts in an area where the country trails other major economies.
Key Players
Archer Daniels Midland Company, FutureFuel, Nestle's, Renewable Energy Group, Inc., Bunge Global SA, Wilmar, and Shell are significant companies in the global biodiesel market.
- In October 2022 - Fluor Corporation was awarded a contract to provide front-end engineering and detailed EPC services to Imperial on a reimbursable basis for developing a renewable diesel complex at the Strathcona refinery near Canada.
Application - Market breakup in 3 viewpoints:
1. Fuel
2. Power Generation
3. Others
Feedstock - Market breakup in 2 viewpoints:
1. Vegetable Oil
2. Animal Fats
Countries - Market breakup of 25 Countries Covered in the Report:
1. North America
- 1.1 United States
- 1.2 Canada
2. Europe
- 2.1 France
- 2.2 Germany
- 2.3 Italy
- 2.4 Spain
- 2.5 United Kingdom
- 2.6 Belgium
- 2.7 Netherlands
- 2.8 Turkey
3. Asia Pacific
- 3.1 China
- 3.2 Japan
- 3.3 India
- 3.4 South Korea
- 3.5 Thailand
- 3.6 Malaysia
- 3.7 Indonesia
- 3.8 Australia
- 3.9 New Zealand
4. Latin America
- 4.1 Brazil
- 4.2 Mexico
- 4.3 Argentina
5. Middle East & Africa
- 5.1 Saudi Arabia
- 5.2 United Arab Emirates
- 5.3 South Africa
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Archer Daniels Midland Company
2. FutureFuel
3. Nestle's
4. Renewable Energy Group, Inc.,
5. Bunge Global SA
6. Wilmar
7. Shell
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
5. Global Biodiesel Market
6. Market Share - Global Biodiesel Market
- 6.1 By Application
- 6.2 By Feedstock
- 6.3 By Country
7. Application - Global Biodiesel Market
- 7.1 Fuel
- 7.2 Power Generation
- 7.3 Others
8. Feedstock - Global Biodiesel Market
- 8.1 Vegetable Oil
- 8.2 Animal Fats
9. Country - Global Biodiesel Market
- 9.1 North America
- 9.1.1 United States
- 9.1.2 Canada
- 9.2 Europe
- 9.2.1 France
- 9.2.2 Germany
- 9.2.3 Italy
- 9.2.4 Spain
- 9.2.5 United Kingdom
- 9.2.6 Belgium
- 9.2.7 Netherlands
- 9.2.8 Turkey
- 9.3 Asia Pacific
- 9.3.1 China
- 9.3.2 Japan
- 9.3.3 India
- 9.3.4 South Korea
- 9.3.5 Thailand
- 9.3.6 Malaysia
- 9.3.7 Indonesia
- 9.3.8 Australia
- 9.3.9 New Zealand
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.2 Mexico
- 9.4.3 Argentina
- 9.5 Middle East & Africa
- 9.5.1 Saudi Arabia
- 9.5.2 United Arab Emirates
- 9.5.3 South Africa
10. Porter's Five Analysis - Global Biodiesel Market
- 10.1 Bargaining Power of Buyers
- 10.2 Bargaining Power of Suppliers
- 10.3 Degree of Rivalry
- 10.4 Threat of New Entrants
- 10.5 Threat of Substitutes
11. SWOT Analysis - Global Biodiesel Market
- 11.1 Strength
- 11.2 Weakness
- 11.3 Opportunity
- 11.4 Threat
12. Company Analysis
- 12.1 Archer Daniels Midland Company
- 12.1.1 Overview
- 12.1.2 Recent Development
- 12.1.3 Revenue
- 12.2 FutureFuel
- 12.2.1 Overview
- 12.2.2 Recent Development
- 12.2.3 Revenue
- 12.3 Nestle's
- 12.3.1 Overview
- 12.3.2 Recent Development
- 12.3.3 Revenue
- 12.4 Renewable Energy Group, Inc.
- 12.4.1 Overview
- 12.4.2 Recent Development
- 12.4.3 Revenue
- 12.5 Bunge Global SA
- 12.5.1 Overview
- 12.5.2 Recent Development
- 12.5.3 Revenue
- 12.6 Wilmar
- 12.6.1 Overview
- 12.6.2 Recent Development
- 12.6.3 Revenue
- 12.7 Shell
- 12.7.1 Overview
- 12.7.2 Recent Development
- 12.7.3 Revenue
List of Figures
- Figure-01: Global - Biodiesel Market (Billion US$), 2019 - 2023
- Figure-02: Global - Forecast for Biodiesel Market (Billion US$), 2024 - 2030
- Figure-03: Application - Fuel Market (Million US$), 2019 - 2023
- Figure-04: Application - Forecast for Fuel Market (Million US$), 2024 - 2030
- Figure-05: Application - Power Generation Market (Million US$), 2019 - 2023
- Figure-06: Application - Forecast for Power Generation Market (Million US$), 2024 - 2030
- Figure-07: Application - Others Market (Million US$), 2019 - 2023
- Figure-08: Application - Forecast for Others Market (Million US$), 2024 - 2030
- Figure-09: Feedstock - Vegetable Oil Market (Million US$), 2019 - 2023
- Figure-10: Feedstock - Forecast for Vegetable Oil Market (Million US$), 2024 - 2030
- Figure-11: Feedstock - Animal Fats Market (Million US$), 2019 - 2023
- Figure-12: Feedstock - Forecast for Animal Fats Market (Million US$), 2024 - 2030
- Figure-13: United States - Biodiesel Market (Million US$), 2019 - 2023
- Figure-14: United States - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-15: Canada - Biodiesel Market (Million US$), 2019 - 2023
- Figure-16: Canada - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-17: France - Biodiesel Market (Million US$), 2019 - 2023
- Figure-18: France - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-19: Germany - Biodiesel Market (Million US$), 2019 - 2023
- Figure-20: Germany - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-21: Italy - Biodiesel Market (Million US$), 2019 - 2023
- Figure-22: Italy - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-23: Spain - Biodiesel Market (Million US$), 2019 - 2023
- Figure-24: Spain - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-25: United Kingdom - Biodiesel Market (Million US$), 2019 - 2023
- Figure-26: United Kingdom - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-27: Belgium - Biodiesel Market (Million US$), 2019 - 2023
- Figure-28: Belgium - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-29: Netherlands - Biodiesel Market (Million US$), 2019 - 2023
- Figure-30: Netherlands - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-31: Turkey - Biodiesel Market (Million US$), 2019 - 2023
- Figure-32: Turkey - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-33: China - Biodiesel Market (Million US$), 2019 - 2023
- Figure-34: China - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-35: Japan - Biodiesel Market (Million US$), 2019 - 2023
- Figure-36: Japan - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-37: India - Biodiesel Market (Million US$), 2019 - 2023
- Figure-38: India - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-39: South Korea - Biodiesel Market (Million US$), 2019 - 2023
- Figure-40: South Korea - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-41: Thailand - Biodiesel Market (Million US$), 2019 - 2023
- Figure-42: Thailand - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-43: Malaysia - Biodiesel Market (Million US$), 2019 - 2023
- Figure-44: Malaysia - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-45: Indonesia - Biodiesel Market (Million US$), 2019 - 2023
- Figure-46: Indonesia - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-47: Australia - Biodiesel Market (Million US$), 2019 - 2023
- Figure-48: Australia - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-49: New Zealand - Biodiesel Market (Million US$), 2019 - 2023
- Figure-50: New Zealand - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-51: Brazil - Biodiesel Market (Million US$), 2019 - 2023
- Figure-52: Brazil - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-53: Mexico - Biodiesel Market (Million US$), 2019 - 2023
- Figure-54: Mexico - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-55: Argentina - Biodiesel Market (Million US$), 2019 - 2023
- Figure-56: Argentina - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-57: Saudi Arabia - Biodiesel Market (Million US$), 2019 - 2023
- Figure-58: Saudi Arabia - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-59: United Arab Emirates - Biodiesel Market (Million US$), 2019 - 2023
- Figure-60: United Arab Emirates - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-61: South Africa - Biodiesel Market (Million US$), 2019 - 2023
- Figure-62: South Africa - Forecast for Biodiesel Market (Million US$), 2024 - 2030
- Figure-63: Archer Daniels Midland Company - Global Revenue (Million US$), 2019 - 2023
- Figure-64: Archer Daniels Midland Company - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-65: FutureFuel - Global Revenue (Million US$), 2019 - 2023
- Figure-66: FutureFuel - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-67: Nestle's - Global Revenue (Million US$), 2019 - 2023
- Figure-68: Nestle's - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-69: Renewable Energy Group, Inc. - Global Revenue (Million US$), 2019 - 2023
- Figure-70: Renewable Energy Group, Inc. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-71: Bunge Global SA - Global Revenue (Million US$), 2019 - 2023
- Figure-72: Bunge Global SA - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-73: Wilmar - Global Revenue (Million US$), 2019 - 2023
- Figure-74: Wilmar - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-75: Shell - Global Revenue (Million US$), 2019 - 2023
- Figure-76: Shell - Forecast for Global Revenue (Million US$), 2024 - 2030
List of Tables
- Table-01: Global - Biodiesel Market Share by Application (Percent), 2019 - 2023
- Table-02: Global - Forecast for Biodiesel Market Share by Application (Percent), 2024 - 2030
- Table-03: Global - Biodiesel Market Share by Feedstock (Percent), 2019 - 2023
- Table-04: Global - Forecast for Biodiesel Market Share by Feedstock (Percent), 2024 - 2030
- Table-05: Global - Biodiesel Market Share by Countries (Percent), 2019 - 2023
- Table-06: Global - Forecast for Biodiesel Market Share by Countries (Percent), 2024 - 2030
