Global Biodiesel Market to Register Revenue CAGR of Over 4% Over Next 10 Years - MarketResearch.biz

NEW YORK, March 26, 2018 /PRNewswire/ --

MarketResearch.biz has published a new report titled Global Biodiesel Market by Component (Vegetable oil, and Animal fat), Application, And Region - Global Forecast to 2026.", which offers a holistic view of the global biodiesel market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue of the global market (2017-2021) is projected to be US$ 1,92,047.7 Mn, which is expected to increase rather significantly over the latter part of the five-year forecast period. The report offers insightful and detailed information regarding the various key players operating in the global biodiesel market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, SWOT analysis, acquisitions & mergers, and market footprint. The global biodiesel market is segmented in feedstock type, application, and region.

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Biodiesel is a renewable, clean diesel made from natural elements such as vegetable oils, microalgae, animal fats, etc. Biodiesel has found its application is many industrial verticals, fuel, and power stations owing to its properties. Biodiesel is similar to conventional or fossil fuel made by chemically reacting these natural elements through a process called transesterification which essentially splits the oil into two parts: alkyl esters and glycerin.

Biodiesel is produced by transesterification process using vegetable oil or animal fat by converting into long chain mono alkyl esters. Four types of biodiesel blends are available namely B100, B20, B5, and B2. Blends are decided depending upon percentage ratio of biodiesel and petro-diesel.

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Global Biodiesel Market: Dynamics  

Increasing carbon emissions due to use of fossil fuels is resulting in need for implementation of stringent regulations by governments to initiate adoption of biodiesel. Biodiesel degrades more rapidly than conventional diesel fuels and is completely non-toxic, which helps minimize environmental consequences of biofuel spills. Moreover, biodiesel emits lower contaminants such as carbon monoxide, polycyclic aromatic hydrocarbons, aldehydes, and particulate matter. Minimum Sulphur dioxide emissions, and reduced emissions of carcinogenic substances further reduce the chances of health risks. These factors are expected to drive growth of the global biodiesel market.