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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Biodiesel Market Size
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.
Biodiesel Market Report Snapshots
*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.*
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Key Questions Answered in the Report
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 6.0% 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.
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124