Press release
Biodiesel Global Size, Share Analysis, Global Report 2024-2033
The biodiesel market size is expected to see strong growth in the next few years. It will grow to $74.14 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to global expansion of biodiesel production, focus on sustainable aviation fuels, biodiesel blending mandates, advancements in biodiesel distribution, expansion of sustainable agriculture. Major trends in the forecast period include technological integration in biodiesel production, advancements in feedstock technology, collaborations and partnerships, investment in biodiesel infrastructure, biodiesel quality standards and certification.
Market Overview -
Biodiesel is a sustainable, biodegradable fuel produced domestically from vegetable oils, animal fats, or used restaurant grease. Biodiesel is used as a source of power for automobiles, home appliances and others.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=7977&type=smp
The Surge In Biofuel Demand Propels Growth In The Biodiesel Market
An increase in demand for biofuels is expected to propel the growth of the biodiesel market. Biofuels are a cleaner-burning substitute generated from renewable resources, including fresh and used vegetable oils and animal fats. The rising environmental concerns and increasing demand for the adoption of renewable and sustainable energy sources favor the need for biofuel. Biodiesel is a biofuel that helps reduce the carbon footprint of transportation and other industries. For instance, in November 2021, according to a report published by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, biodiesel consumption was 47,867 million liters in 2022, an increase from 43,855 million liters in 2020. Moreover, biodiesel consumption is expected to reach 51,424 million liters in 2026. Therefore, an increase in biofuel demand is driving the biodiesel market's growth.
Competitive Landscape -
Major companies operating in the biodiesel market report are Archer-Daniels-Midland Company, Cargill Incorporated, Renewable Energy Group Inc., Wilmar International Limited, Bunge Limited, Neste Corporation, BIOX Corporation, Munzer Bioindustrie GmbH, Emami Agrotech Limited, Louis Dreyfus Company B.V., TerraVia Holdings Inc., REG Life Sciences LLC, Crimson Renewable Energy L.P., Green Energy Biofuel LLC, FutureFuel Corp., Delta American Fuel LLC, HERO BX LLC, Western Dubuque Biodiesel LLC, Iowa Renewable Energy LLC, Flint Hills Resources LLC, World Energy Alternatives LLC, Lake Erie Biofuels LLC, Pacific Biodiesel Technologies LLC, SeQuential LLC, White Mountain Biodiesel LLC, Blue Sun Biodiesel LLC, Community Fuels Inc., Newport Biodiesel LLC, Piedmont Biofuels Industrial LLC, Verbio Vereinigte BioEnergie AG
Crown Iron Works Unveils Advanced Catalyst Reduction And Economization Technology
Technological advancement is a key trend in the biodiesel market. Major companies operating in the biofuel market are focused on developing new technological solutions to strengthen their market position. For instance, in January 2022, Crown Iron Works, a US-based supplier of oilseed extraction technology, refining plants, and equipment, introduced ACRE, or Advanced Catalyst Reduction and Economization. ACRE is a process upgrade to refine its biodiesel process technology. The ACRE uses a third transesterification reactor to increase residence time and accomplish stoichiometric reactions. It is utilized to make the most of the catalyst's potential for reuse. Along with catalyst reduction, ACRE is energy-efficient, which helps biodiesel producers save money on steam and electricity. The amount of fresh steam injected is decreased by using economizers and heat exchangers to use extra process heat. One of Crown's most recent inventions is ACRE. As a result, new biodiesel processing technologies keep developing, promising to optimize output by increasing efficiency and lowering prices.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/biodiesel-global-market-report
Key Segments -
The biodiesel market covered in this report is segmented -
1) By Feedstock: Vegetable Oil, Animal Fats
2) By Production Process: Alcohol Trans Esterification, Hydro-Heating
3) By Application: Fuel, Power Generation, Agriculture
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Biodiesel Global Size, Share Analysis, Global Report 2024-2033 here
News-ID: 3483429 • Views: …
More Releases from The Business Research Company
2024 Global Type 2 Diabetes Market Size, Share, Trends And Growth Analysis Repor …
"The type 2 diabetes market size has grown strongly in recent years. It will grow from $44.56 billion in 2023 to $48.14 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to lifestyle and dietary changes, aging population, pharmaceutical developments, public health initiatives.
The type 2 diabetes market size is expected to see strong growth in the…
Global Esophageal Dysphagia Market 2024 : SWOT Analysis Of Key Driving Factors F …
"The esophageal dysphagia market size has grown strongly in recent years. It will grow from $1.96 billion in 2023 to $2.08 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to aging population, gastroesophageal reflux disease (gerd), advances in endoscopy, esophageal motility testing.
The esophageal dysphagia market size is expected to see strong growth in the next…
Osteoarthritis Market 2024 Analysis By Size, Share, Growth, Trends Up To 2033 | …
"The osteoarthritis market size has grown rapidly in recent years. It will grow from $6.24 billion in 2023 to $6.87 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to aging population, obesity epidemic, advances in imaging, pain management.
The osteoarthritis market size is expected to see strong growth in the next few years. It will grow…
Global Caps And Closures Market 2024 : Trends, Business Growth And Major Driving …
"The caps and closures market size has grown strongly in recent years. It will grow from $73.17 billion in 2023 to $77.46 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to consumer packaging trends, food and beverage industry growth, pharmaceutical packaging needs, environmental concerns.
The caps and closures market size is expected to see strong growth…
More Releases for Biodiesel
Global Biodiesel Market 2020 Business Strategies – Delta American Fuel, Wester …
The Zion Market Research added a new report “Global Biodiesel Market - By Application (Power Generation, Fuel, And Others); By Production Technology (Trans-Esterification, Pyrolysis, And Others); By Feedstock Type (Animal Fats, Vegetable Oils, And Others); By Blend (B5, B10, B20, And B100); And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” in its database, which provides an expert and in-depth analysis of key business trends and…
Biodiesel Market Competitive Analysis 2019-2027
Zion Market Research analysts forecast the latest report on "Biodiesel Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016-2024", according to their latest report the Biodiesel Market report covers the overall and all-inclusive analysis of the Biodiesel Market with all its factors that have an impact on market growth. The Biodiesel Market's complete outline is crystal clear penned down in the global Biodiesel Market research report such that…
Biodiesel Processing Unit
While reserves of petroleum are decreasing every passing day, energy consumption is increasing at 6.5% per annum. And for solving this issue many countries are implementing new policies for minimizing the usage of fossil fuels and increase the use of alternative sources like solar power and Biodiesel. Biodiesel is a diesel fuel substitute made from a variety of oils, fats, and greases which can become a cheaper alternative to fossil…
Biodiesel Market Growth and Industry Key Players are Western Dubuque Biodiesel, …
Global Biodiesel Market size is expected to move up at a moderate rate in the next few years. Biodiesel is derived from animal fats, cooking oils, yellow grease, and vegetable oils by a process known as transesterification which converts fats and oils into chemicals. It is a substitute fuel similar to fossil or conventional fuels.
Need for energy independence and increasing environmental concern have driven the demand for biodiesel market…
Biodiesel Market Report 2018 Companies included Western Dubuque Biodiesel, Delta …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com *********
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides…
Sunho Biodiesel Corporation: Pure Biodiesel Can Be Cost-Effective for City Bus t …
Using waste grease, pure biodiesel (B100) from ET Process® is a cost competitive alternative to diesel.
Taipei, Taiwan - August 22, 2018 - Air pollution in big city remains a major concern worldwide. As indicated by WHO Global Ambient Air Quality Database update in 2018, covering more than 4,000 cities in 108 countries, over 80% of people living in urban areas are exposed to air quality levels exceed WHO air…
