Wednesday, 18 May 2016

Hexa Reports 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.

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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. 

Covered in this report

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

Technavio's report, 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 countries
 Brazil
 Germany
 US

Key vendors
 ADM
 AGP
 INEOS Enterprises
 Neste
 Renewable energy group

Other prominent vendors
 Archer Daniel Midland
 Brazil Eco Energia
 Louis Dreyfus Commodities
 Petrobras

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 
            
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