Report forecast the global biodiesel market to grow
at a CAGR of 9.6% over the period 2014-2019.
There has been an unprecedented interest in
biofuels over the past decade, primarily due to increase in crude oil prices,
as this is affecting the economy of many countries that do not have significant
oil and gas reserves. High dependence on non-renewable fuels has resulted in
economic as well as environmental concerns, such as rising GHG emission levels.
Several developing and developed countries have implemented regulatory reforms,
blending targets and statutory norms regarding use of biofuels like biodiesel
to offset the growing environmental risk associated with conventional fuels.
The feedstock used in the production of biodiesel
are agriculture based and can be grown locally, which reduces dependence on
external markets. Biodiesel feedstock will help those countries that are highly
reliant on agricultural income, as it will lead to optimal use of agricultural
wasteland, along with increasing employment opportunities.
The feedstock used for the production of biodiesel
is also used as food, and this has resulted in conflict with the food sector,
leading to an industry-wide debate of “Food vs Fuel.” Diversion of feedstock
toward production of fuel has led to a shortage and increase in prices of food
products. This led to the development of second- and third-generation
biodiesels, which use non-food crops as feedstock.
This report covers the present scenario and growth
prospects of the global biodiesel market for the period 2015-2019. To calculate
the market size, the report considers the annual production of biodiesel
globally.
It also provides the geographical segmentation
based on three major regions:
- Americas
- EMEA
- APAC
According to the report, the large-scale production
of biodiesel and scientific advancements have improved fuel quality, increasing
the scope of biodiesel use from conventional road transport to aviation, public
transport, railways, and military. The cost of production of biodiesel is
relatively high (compared to conventional fuels), but the subsidies offered by
many governments strengthen the market prospects for biofuels and continue to
drive the demand for biodiesel in many countries.
Further, the report states that the reduction in
oil prices and the high costs of biodiesel production are some challenges for
biodiesel consumption.
Global Biodiesel Market 2015-2019, has been
prepared based on an in-depth market analysis with inputs from industry experts.
The report covers the market landscape of the global biodiesel market and its
growth prospects in the coming years. The report includes a discussion on the
key vendors operating in this market.
key players in the Global Biodiesel Market: Cosan,
Diester, INEOS, Neste Oil and Renewable Energy
Other Prominent Vendors in the market are: Archer
Daniel Midland, Brazil Eco, Louis-Dreyfus, and Petrobras.
Key countries
- Brazil
- Germany
- US
Market driver
- Rising need for cleaner fuels
- For a full, detailed list, view our report
Market challenge
- Insecurity regarding availability of food
- For a full, detailed list, view our report
Market trend
- Compliance with environmental regulations
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 61 pages, 28 Exhibits “Global
Biodiesel Market 2015-2019” report covers Executive summary, Scope of the
report, Market research methodology, Introduction, Market landscape, Market
segmentation by feedstock, Geographical segmentation, Key leading countries,
Market drivers, Impact of drivers, Market challenges, Impact of drivers and
challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For
further information on this report, please visit- http://mrr.cm/oM6
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