Europe Biodiesel Market Report and Forecast 2024-2032

Europe Biodiesel Market Outlook

The Europe biodiesel market is expected to grow at a CAGR of 3.5% during the forecast period of 2024-2032.

Rising Environmental Concerns Boosting the Growth of the Europe Biodiesel Industry

The European market for biodiesel is primarily being driven by rising environmental concerns. Leading European nations like the UK, Spain, France, and Germany, among others, are constantly developing and investing in energies that are environment friendly, biodegrade, and sustainable. Traditional fuel combustion is considered to have a negative impact on the environment as the combustion releases toxins, which causes problems like air pollution and health problems like bronchitis and asthma.

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As a result, policies such as the Renewable Energy Directive (RED II), which aims at increasing the adoption of biofuel in different sectors, including transport and aviation, are positively influencing the growth of the regional market. Furthermore, as a part of the European Green Deal, the European Commission has been promoting the development of sustainable aviation fuels to meet Paris Agreement climate change targets in handling carbon emissions for the aviation industry.  These factors are hence augmenting the growth of the market.

Biodiesel: Market Segmentation

Biodiesel, a clean-burning fuel, is produced via transesterification of recycled cooking oils and animal fats.   As compared to fossil fuel, biodiesels are non-toxic, carbon-neutral, and are thus environment friendly.

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On the basis of feedstock, the market can be segmented into:

• Vegetable Oil
• Animal Oil
• Others

Based on type, the market can be divided into:

• B100
• B20
• B5
• B2
• Others

The market, based on technology, can be categorised into:

• Pyrolysis    
• Hydro Heating
• Conventional Alcohol Transesterification
• Others

The major applications of biodiesel in Europe includes:

• Fuel    
• Power Generation

The EMR report looks into the regional markets of biodiesel in Europe like the United Kingdom, Germany, France, and Italy, among others.

Favourable Government Policies to Boost the Market Growth of Biodiesel in Europe

The European biodiesel market has been significantly led by the implementation of policies like the European Green Deal in December 2019, which has a target of increasing greenhouse gas savings (GHG) from biofuels from 40% to 55% making Europe climate neutral by 2050. However, the advent of the COVID-19 pandemic negatively impacted the market for biodiesel in Europe due to the restrictions imposed on travel and international trade. In addition to this, deforestation has been a crucial factor impeding the production of palm oil for biofuel, leading to limitations in supply and international exports of the product. Furthermore, Argentina is considered as one of the major suppliers of soybean in Europe, but due to changes in the production and consumption patterns regarding soybean, the market growth for soy-derived biodiesel witnessed hindrance.

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However, the French legislature’s measures to cap soy-derived biodiesel to reduce import dependency on protein steer away from GMO and unsustainable crops and augment the use of rapeseed oil and sunflower oil as primary feedstocks for biofuel are projected to positively influence the market growth.

Key Industry Players in the Europe Biodiesel Market

The report presents a detailed analysis of the following key players in the Europe biodiesel market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:

• Novozymes A/S
• Louis Dreyfus Company B.V.
• Envien Group
• Gbf German Biofuels Gmbh
• BASF SE
• Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

Key Highlights of the Report