The report "Biodiesel Market by Feedstock Type (Vegetable Oils (Soybean, Rapeseed, Palm), Animal Fats (Lard/White Grease, Poultry, Tallow), Brown Grease/ Trap Grease), Application (Fuel, Power Generation), and Region - Global Forecast to 2021", The biodiesel market was USD 32.87 Billion in 2015, and is projected to reach USD 41.18 Billion by 2021, at a CAGR of 3.8%, during 2016 to 2021. The biodiesel market is driven by the increasing demand for biodiesel as a fuel in the automotive, marine, railway, and power generation industries.

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Major Market Developments
In November 2016, Renewable Energy Group Inc. (U.S.) started the expansion of its Ralston, IA bio-refinery worth USD 24 million. This expansion will increase the annual production capacity to 30 million gallons from 12 million gallons and will help the company to serve the increasing demand for biodiesel in the U.S.
In August 2016, Cargill Inc. (U.S.) expanded its canola research facility in Aberdeen (Canada). The expansion included a pathology lab, new state-of-the-art Quality Assurance lab, ventilated seed prep room, and high efficiency LED lighting throughout the facility, with UV repelling windows. This expansion covered 14,000 Sq. ft. area and it will allow the company to conduct research and innovations in the specialty canola business.
Key players in the market include Archer Daniels Midland Company (U.S.), Wilmar International Limited (Malaysia), Bunge Limited (U.S.), Neste Corporation (Finland), Renewable Energy Group Inc. (U.S.), Cargill Inc. (U.S.), BIOX Corporation (Canada) and TerraVia Holdings Inc. (U.S.). These players are increasingly undertaking expansions, mergers, and acquisitions, and product launches to develop and introduce new increase their presence and share in the market.

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By Application

Fuel
Power generation
Others (solvent and cement manufacturing)