[FURL=https://www.industryarc.com/Report/11699/biodiesel-market-analysis.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Biodiesel Market[/FURL] Biodiesel Market size is forecast to reach $50.60 billion by 2026, after growing at a CAGR of 5.3% during 2021-2026. There are four principal methods to make biodiesel, direct use, and blending, microemulsions, thermal cracking (pyrolysis) and transesterification, which changes oil and fats into fatty acid methyl esters. Biodiesel is composed of renewable feedstocks such as vegetable oils, animal fats. Biodiesel produced from Animal Tallow tends to crystallize out at much higher temperatures than biodiesel derived from plant oils. Biodiesel is capable to reduce exhaust emissions as compared to petroleum diesel fuel. It is majorly used in Automotive, Aerospace, Industrial, Marine, and Agriculture.Key Takeaways
Asia Pacific dominates the Biodiesel Market owing to a rapid increase in the Automotive and Aerospace sector.
The market drivers and restraints have been assessed to understand their impact on the forecast period.
The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
The other key areas of focus include the various applications and end-use industry in Biodiesel Market and their specific segmented revenue.
Due to the COVID-19 pandemic, most of the countries have gone under temporary shutdown, due to which operations of Biodiesel related industries have been negatively affected, thus hampering the growth of the market.
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Biodiesel Market Segment Analysis - Geography
Asia Pacific region held the largest share in the Biodiesel Market in 2020 up to 40% followed by North America and Europe. The Asia Pacific is likely to witness rapid growth due to uprising industrialization and considerable escalation in liquid fuel demand in the transport and power sectors in emerging countries as Indonesia followed by China, Thailand, India, and Malaysia. According to the ERIA report, the total demands of the ASEAN and East Asian countries will reach nearly 37 million tons of biodiesel by 2035.
Biodiesel Market Drivers
Potential to Reduce Emissions will Drive the Biodiesel Market
Biodiesel for Aviation
Biodiesel Market Segment Analysis Market Landscape
Major players in the Biodiesel market are Market Western Dubuque Biodiesel, Delta American Fuel, Imperium Renewables, DuPont, Deerfield Energy, Crimson Renewable Energy, China Biodiesel International Holding, Diversified Energy Corporation, XL Renewables, Blue Marble Energy Corp.
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