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The global biodiesel market reached a volume of almost 44.07 billion litres in the year 2023. The biodiesel industry is further expected to grow at a CAGR of 6% between 2024 and 2032 to reach a volume of almost 74.45 billion litres by 2032.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Biodiesel Market Analysis
8.1 Key Industry Highlights
8.2 Global Biodiesel Historical Market (2018-2023)
8.3 Global Biodiesel Market Forecast (2024-2032)
8.4 Global Biodiesel Market by Feedstock
8.4.1 Vegetable Oil
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Animal Oil
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Biodiesel Market by Type
8.5.1 B100
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 B20
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 B5
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 B2
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Biodiesel Market by Technology
8.6.1 Pyrolysis
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Hydro Heating
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Conventional Alcohol Transesterification
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Biodiesel Market by Application
8.7.1 Fuel
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Power Generation
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Others
8.8 Global Biodiesel Market by Region
8.8.1 North America
8.8.2 Europe
8.8.3 Asia Pacific
8.8.4 Latin America
8.8.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code - 3826)
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Price Analysis
13.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Archer Daniels Midland Company
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Louis Dreyfus Company B.V.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Ag Processing Inc.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 RB Fuels
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Renewable Energy Group, Inc.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Novozymes A/S
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Biodiesel Market: Key Industry Highlights, 2018 and 2032
2. Global Biodiesel Historical Market: Breakup by Feedstock (Billion Litres), 2018-2023
3. Global Biodiesel Market Forecast: Breakup by Feedstock (Billion Litres), 2024-2032
4. Global Biodiesel Historical Market: Breakup by Type (Billion Litres), 2018-2023
5. Global Biodiesel Market Forecast: Breakup by Type (Billion Litres), 2024-2032
6. Global Biodiesel Historical Market: Breakup by Technology (Billion Litres), 2018-2023
7. Global Biodiesel Market Forecast: Breakup by Technology (Billion Litres), 2024-2032
8. Global Biodiesel Historical Market: Breakup by Application (Billion Litres), 2018-2023
9. Global Biodiesel Market Forecast: Breakup by Application (Billion Litres), 2024-2032
10. Global Biodiesel Historical Market: Breakup by Region (Billion Litres), 2018-2023
11. Global Biodiesel Market Forecast: Breakup by Region (Billion Litres), 2024-2032
12. North America Biodiesel Historical Market: Breakup by Country (Billion Litres), 2018-2023
13. North America Biodiesel Market Forecast: Breakup by Country (Billion Litres), 2024-2032
14. Europe Biodiesel Historical Market: Breakup by Country (Billion Litres), 2018-2023
15. Europe Biodiesel Market Forecast: Breakup by Country (Billion Litres), 2024-2032
16. Asia Pacific Biodiesel Historical Market: Breakup by Country (Billion Litres), 2018-2023
17. Asia Pacific Biodiesel Market Forecast: Breakup by Country (Billion Litres), 2024-2032
18. Latin America Biodiesel Historical Market: Breakup by Country (Billion Litres), 2018-2023
19. Latin America Biodiesel Market Forecast: Breakup by Country (Billion Litres), 2024-2032
20. Middle East and Africa Biodiesel Historical Market: Breakup by Country (Billion Litres), 2018-2023
21. Middle East and Africa Biodiesel Market Forecast: Breakup by Country (Billion Litres), 2024-2032
22. Major Importing Countries by Volume (2020)
23. Major Exporting Countries by Volume (2020)
24. Major Importing Countries by Value (2020)
25. Major Exporting Countries by Value (2020)
26. North America Biodiesel Historical Price Trends and Forecast 2018-2028
27. Europe Biodiesel Historical Price Trends and Forecast 2018-2028
28. Asia Pacific Biodiesel Historical Price Trends and Forecast 2018-2028
29. Latin America Biodiesel Historical Price Trends and Forecast 2018-2028
30. Middle East and Africa Biodiesel Historical Price Trends and Forecast 2018-2028
31. Global Biodiesel Market Structure
In 2023, the global biodiesel market attained a volume of nearly 44.07 billion litres.
The market is projected to grow at a CAGR of 6% between 2024 and 2032.
The major drivers of the market include the introduction of favourable policies and tax incentives by governments of various countries, wavering petrochemical reserves in oil rigs across the world, rising adoption of eco-friendly regulations, prominent presence of the automotive market, and the growing economy.
The growing need for energy independence and rising environmental concerns are the key trends propelling the market's growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various feedstocks in the market include vegetable oil, and animal oil, among others.
The different types of biodiesels in the market are B100, B20, B5, and B2, among others.
Biodiesels find their major applications in fuel, and power generation, among others.
The various technologies in the market are pyrolysis, hydro heating, and conventional alcohol transesterification, among others.
The key players in the global biodiesel market are Archer Daniels Midland Company, Louis Dreyfus Company B.V., Ag Processing Inc., RB Fuels, Renewable Energy Group, Inc., and Novozymes A/S, among others.
The global biodiesel market attained a volume of nearly 44.07 billion litres in 2023, driven by the growing need for energy independence. Aided by introduction of policies and tax incentives by governments and rising environmental concerns, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 6%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market is divided on the basis of feedstock into vegetable oil and animal oil, among others. On the basis of type, the industry is divided into B100, B20, B5, and B2, among others. Biodiesels find their major application in fuel and power generation, among others. By technology, the industry is segmented into pyrolysis, hydro heating, and conventional alcohol transesterification, among others. The major regional markets for biodiesel market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Archer Daniels Midland Company, Louis Dreyfus Company B.V., Ag Processing Inc., RB Fuels, Renewable Energy Group, Inc., and Novozymes A/S, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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