The global biodiesel market is estimated to grow from USD XXX billion to USD XXX billion at a CAGR of XX% by the end of forecast period. Biodiesel is a renewable and clean-burning fuel hence it is widely used in industries like railways, automotive, power generation and many more. Biodiesel, a type of biofuel is widely being used and promoted as an eco-friendly alternative. Use of biodiesel is an alternative means of fossil fuels to produce energy.

The biodiesel fuel market growth is inevitable due to capital investment and technology advancements. There is a huge gap in the supply and demand in the market in spite of numerous suppliers. This has created a large scope for business and research and development too. Biodiesel is made from renewable feedstock like vegetable oils, animal fats and others through a chemical process called Transesterification, which converts oil and fats into fatty acid methyl esters. The use of biofuel is high in agriculture-based economies such as India, China, and Brazil due to the vast space available for feedstock production.

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Vegetable oil is preferred source in the U.S., wherein soybean dominated the industry owing to its high production and ease of availability. Soyabean oil is predicted to reach the volume greater than XXXXXXXX liters by the end of forecast period. U.S. biodiesel market might get effected due to fluctuating rates of raw materials. However, steps are being taken by the U.S. government to promote biofuel to reduce VOC emissions and dependency on crude oil. The existing engine designs are compatible to this form of fuel and hence can be used immediately. The high rate at which fossil fuels are depleting is the main reason for biodiesel fuel market growth.

A detailed biodiesel market analysis has enabled the marketed to be segmented based on various factors. On the basis of feedstock used it is segmented as Vegetable Oils and Animal fats. These are further subdivided, refer list below. Applications of biodiesel is mainly based on fuels like automotive, marine, agriculture and others and power generation. Geographically it is segmented as North America, Europe, Asia Pacific, Central & South America, Middle East and Africa.

Biodiesel feedstock market are in evolution from expensive feedstocks like soy, rapeseed and palm oil to alternative cost friendly feedstocks. This has resulted in a rise in demand for alternative feedstocks and creating new growth opportunities in the sector. The key players in the industry are Archer Daniels Midland, BIOX, Bunge,Cargill and Wilmar International and many more.

Segments:
The various segments of the Global Biodiesel Market Overview are,
Feedstock:
• Vegetable Oil (Canola oil, Soybean oil, Palm oil, Corn oil and others)
• Animal Fats (Poultry, Tallow, White grease and others)
Applications:
• Fuel (Automotive, Marine, Agriculture and Others)
• Power Generations
• Others
Regions:
• North America
• Europe
• Asia Pacific
• Central and South America
• Middle East and Africa

What to expect from the upcoming report on ‘Global biodiesel Market’:
- Future prospects and current trends of the Biodiesel market by the end of forecast period (2018-2025)
- Information regarding technological progressions as well as innovations across the world
- Supportive initiatives by government likely to influence the market dynamics.
- In-depth analysis of different market segmentations including regional segmentations, applications and types.
• Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market.
- Trends, drivers, opportunities, restraints, challenges and key developments in the market

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