Market Overview:
The global biodiesel market exhibited moderate growth during 2015-2020. Biodiesel, or green diesel, is a renewable, clean-burning alternative fuel that is produced through the transesterification of recycled cooking oils and animal fats. The process has two products, methyl esters (biodiesel) and glycerol. Biodiesel has properties similar to that of petroleum diesel, but in comparison, it is more economical, carbon-neutral and non-toxic. It also burns cleaner than fossil fuels and does not produce sulfur as a residue or other harmful chemicals. Owing to these benefits, it finds extensive application across automotive, marine, railway, agriculture and mining industries.
The increasing global energy demand and the growing need for clean and renewable fuel sources, represent the key factors driving the growth of the market. Furthermore, a thriving automotive industry is another major growth-inducing factor. Increasing environmental-consciousness and consumer awareness regarding the benefits of biodiesel have led to its widespread adoption across the globe. Additionally, the limited availability and surging prices of non-renewable energy sources such as petrol, diesel and Liquified Petroleum Gas (LPG) have favored the utilization of biodiesel. Various technological advancements such as the emergence of third-generation biofuels derived from algae that can produce a diverse and high quantity of biofuel as compared to other feedstocks are further creating a positive outlook for the market. Other factors such as the implementation of favorable government policies to promote its usage for sustainable development, energy conservation and environmental preservation are also projected to impact the market positively in the coming years. Looking forward, IMARC Group expects the global biodiesel market to grow at a CAGR of around 5% during 2021-2026.
Report Coverage:
- Historical, Current and Future Market Trends
- Market Breakup by Feedstock:
- Vegetable Oils
- Animal Fats
- Others
- Market Breakup by Application:
- Fuel
- Power Generation
- Others
- Market Breakup by Type:
- Market Breakup by Production Technology:
- Conventional Alcohol Trans-esterification
- Pyrolysis
- Hydro Heating
- Market Breakup by Region:
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East and Africa
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being Archer Daniels Midland Company (ADM), Wilmar International Limited, Renewable Energy Group Inc., Cargill Inc., Bunge Limited, Neste Corporation, Louis Dreyfus Company, BIOX Corporation, Münzer Bioindustrie GmbH, Diester Industrie, BTG International Ltd, DuPont, POET, VERBIO, China Clean Energy Inc., CropEnergies AG , INEOS, etc.
Key Questions Answered in This Report:
The global biodiesel market size was valued at US$ 48.4 Billion in 2020.
According to the estimates by IMARC Group, the global biodiesel market is expected to witness a CAGR of 5% from 2021 to 2026.
The growing need for clean and renewable fuel sources based on the rising carbon emissions from petroleum diesel, represents one of the key drivers for the global biodiesel market.
Several technological advancements have led to the emergence of third-generation biofuels derived from algae, which represents one of the key trends in the global biodiesel market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries and production facilities of biodiesel.
On the basis of the feedstock, the market has been classified into vegetable oils, animal fats, and others. Amongst these, vegetable oils hold the largest market share.
On the basis of the application, the market has been divided into fuel, power generation, and others. At present, fuel exhibits a clear dominance in the market.
On the basis of the type, the market has been segmented into B100, B20, B10 and B5. Currently, B20 accounts for the majority of the total market share.
On the basis of the production technology, the market has been categorized into conventional alcohol trans-esterification, pyrolysis, and hydro heating. At present, conventional alcohol trans-esterification exhibits a clear dominance in the market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Europe dominates the global market.
The key companies in the global biodiesel market are Archer Daniels Midland Company (ADM), Wilmar International Limited, Renewable Energy Group Inc., Cargill Inc., Bunge Limited, Neste Corporation, Louis Dreyfus Company, BIOX Corporation, Münzer Bioindustrie GmbH, Diester Industrie, BTG International Ltd, DuPont, POET, VERBIO, China Clean Energy Inc., CropEnergies AG, INEOS, etc.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Biodiesel Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Feedstock
5.5 Market Breakup by Application
5.6 Market Breakup by Type
5.7 Market Breakup by Production Technology
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Feedstock
6.1 Vegetable Oils
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Animal Fats
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Application
7.1 Fuel
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Power Generation
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Type
8.1 B100
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 B20
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 B10
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 B5
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Production Technology
9.1 Conventional Alcohol Trans-esterification
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Pyrolysis
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Hydro Heating
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 Asia-Pacific
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 North America
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Europe
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porter’s Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Archer Daniels Midland Company (ADM)
15.3.2 Wilmar International Limited
15.3.3 Renewable Energy Group Inc
15.3.4 Bunge Limited
15.3.5 Cargill Inc.
15.3.6 Neste Corporation
15.3.7 Louis Dreyfus Company
15.3.8 BIOX Corporation
15.3.9 Münzer Bioindustrie GmbH
15.3.10 Diester Industrie
15.3.11 BTG International Ltd
15.3.12 DuPont
15.3.13 POET
15.3.14 VERBIO
15.3.15 China Clean Energy Inc.
15.3.16 CropEnergies AG
15.3.17 INEOS
List of Figures
Figure 1: Global: Biodiesel Market: Major Drivers and Challenges
Figure 2: Global: Biodiesel Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Biodiesel Market: Breakup by Feedstock (in %), 2020
Figure 4: Global: Biodiesel Market: Breakup by Application (in %), 2020
Figure 5: Global: Biodiesel Market: Breakup by Type (in %), 2020
Figure 6: Global: Biodiesel Market: Breakup by Production Technology (in %), 2020
Figure 7: Global: Biodiesel Market: Breakup by Region (in %), 2020
Figure 8: Global: Biodiesel Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 9: Global: Biodiesel Industry: SWOT Analysis
Figure 10: Global: Biodiesel Industry: Value Chain Analysis
Figure 11: Global: Biodiesel Industry: Porter’s Five Forces Analysis
Figure 12: Global: Biodiesel (Vegetable Oils) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 13: Global: Biodiesel (Vegetable Oils) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 14: Global: Biodiesel (Animal Fats) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 15: Global: Biodiesel (Animal Fats) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 16: Global: Biodiesel (Other Feedstocks) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 17: Global: Biodiesel (Other Feedstocks) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 18: Global: Biodiesel (Fuel) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 19: Global: Biodiesel (Fuel) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 20: Global: Biodiesel (Power Generation) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 21: Global: Biodiesel (Power Generation) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 22: Global: Biodiesel (Other Applications) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 23: Global: Biodiesel (Other Applications) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 24: Global: Biodiesel (B100) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 25: Global: Biodiesel (B100) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 26: Global: Biodiesel (B20) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 27: Global: Biodiesel (B20) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 28: Global: Biodiesel (B10) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 29: Global: Biodiesel (B10) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 30: Global: Biodiesel (B5) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 31: Global: Biodiesel (B5) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 32: Global: Biodiesel (Conventional Alcohol Trans-esterification) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 33: Global: Biodiesel (Conventional Alcohol Trans-esterification) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 34: Global: Biodiesel (Pyrolysis) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 35: Global: Biodiesel (Pyrolysis) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 36: Global: Biodiesel (Hydro Heating) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 37: Global: Biodiesel (Hydro Heating) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 38: Asia Pacific: Biodiesel Market: Sales Value (in Billion US$), 2015 & 2020
Figure 39: Asia Pacific: Biodiesel Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 40: North America: Biodiesel Market: Sales Value (in Billion US$), 2015 & 2020
Figure 41: North America: Biodiesel Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 42: Europe: Biodiesel Market: Sales Value (in Billion US$), 2015 & 2020
Figure 43: Europe: Biodiesel Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 44: Middle East and Africa: Biodiesel Market: Sales Value (in Billion US$), 2015 & 2020
Figure 45: Middle East and Africa: Biodiesel Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 46: Latin America: Biodiesel Market: Sales Value (in Billion US$), 2015 & 2020
Figure 47: Latin America: Biodiesel Market Forecast: Sales Value (in Billion US$), 2021-2026
List of Tables
Table 1: Global: Biodiesel Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Biodiesel Market Forecast: Breakup by Feedstock (in Billion US$), 2021-2026
Table 3: Global: Biodiesel Market Forecast: Breakup by Application (in Billion US$), 2021-2026
Table 4: Global: Biodiesel Market Forecast: Breakup by Type (in Billion US$), 2021-2026
Table 5: Global: Biodiesel Market Forecast: Breakup by Production Technology (in Billion US$), 2021-2026
Table 6: Global: Biodiesel Market Forecast: Breakup by Region (in Billion US$), 2021-2026
Table 7: Global: Biodiesel Market Structure
Table 8: Global: Biodiesel Market: Key Players