Asia Pacific Biodiesel Market to Reach 18.9 Million Tons by 2032, Impelled by Increasing Demand for Renewable Energy Sources

April 21, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “Asia Pacific Biodiesel Market Report by Feedstock (Vegetable Oils, Animal Fats, and Others), Application (Fuel, Power Generation, and Others), Type (B100, B20, B10, B5), Production Technology (Conventional Alcohol Trans-esterification, Pyrolysis, Hydro Heating), and Country 2024-2032,” the Asia Pacific biodiesel market size reached 11.4 Million Tons in 2023. Biodiesel is a renewable, alternative fuel made from vegetable oils, animal fats, and other renewable resources. It is produced through the transesterification process, which involves converting the triglycerides in vegetable oils or animal fats into fatty acid methyl esters (FAME) and glycerin. The resulting FAME is compatible with existing diesel infrastructure and can be used in diesel engines without any modifications. Biodiesel is a cleaner-burning, sustainable, biodegradable, and non-toxic alternative to traditional diesel, emitting fewer pollutants and greenhouse gases (GHG). It offers various benefits, including cost-effectiveness, decreased dependence on fossil fuels, and support for domestic agriculture. As a result, it is widely used in vehicles, rail transports, and aircraft.

Asia Pacific Biodiesel Market Trends:

The rising demand for a biodegradable fuel alternative to lower carbon emissions in the environment represents the key factor driving the biodiesel market in the Asia Pacific region. Besides this, the escalating environmental concerns among individuals have prompted them to adopt clean and renewable energy sources, which, in turn, is creating a favorable outlook for the market. Moreover, the exponentially growing demand for energy and the bolstering expansion of the automotive industry are presenting remunerative growth opportunities for the market. In line with this, the increasing production and sales of automobiles and the widespread product utilization as a heating fuel in domestic and commercial boilers and generators are contributing to the market growth. In addition to this, the implementation of numerous government policies and extensive investments encouraging the production and use of biodiesel to help reduce dependence on fossil fuels and meet renewable energy goals is positively impacting the market growth in the region. Furthermore, innovative technological advancements, such as the production of biodiesel from waste cooking oil and microalgae, to reduce production costs and improve efficiency and increasing research and development (R&D) initiatives in biofuel technologies are aiding in market expansion. Looking forward, the market volume is projected to reach 18.9 Million Tons by 2032, expanding at a CAGR of 5.6% during 2024-2032.

Market Summary:

On the basis of the feedstock, the market has been segregated into vegetable oils, animal fats, and others.
Based on application, the market is categorized into fuel, power generation, and others.
On the basis of the type, the market has been divided into B100, B20, B10, and B5.
Based on production technology, the market is classified into conventional alcohol trans-esterification, pyrolysis, and hydro heating.
On the basis of country, the market is segmented into China, Japan, India, South Korea, Australia, Indonesia, and others.
The competitive landscape of the industry has also been examined, covering the competitive structure and key player profiles.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	Million Tons
Segment Coverage	Feedstock, Application, Type, Production Technology, Country
Countries Covered	China, India, Japan, Australia, South Korea, Indonesia, Others
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Asia Pacific Biodiesel Market to Reach 18.9 Million Tons by 2032, Impelled by Increasing Demand for Renewable Energy Sources

Purchase options

Single User License ~~$3699~~ $2899
Five User License ~~$4699~~ $3899
Corporate User License ~~$5699~~ $4899

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.