The Europe biodiesel market is currently witnessing moderate growth. Biodiesel is a clean-burning fuel produced via transesterification of recycled cooking oils and animal fats. It is non-toxic, cost-effective, carbon-neutral and more environment friendly as compared to fossil fuels. The lower-level blends of biodiesel with petroleum diesel fuel can be used in existing diesel vehicles without engine modification. As a result, it is nowadays extensively utilized in the automotive, marine, railway, agriculture and mining industries in Europe.
The rising energy demand for clean and renewable fuel sources represents one of the significant factors spurring the market growth in Europe. Furthermore, the thriving automotive industry is acting as another major growth-inducing factor in the region. Apart from this, the growing focus of governing agencies on sustainable development, energy conservation and environmental preservation is positively influencing the growth of the market. Furthermore, the third generation of biofuels made using algae can produce a diverse and high quantity of fuel compared to other feedstocks. This is anticipated to create a positive influence on the Europe biodiesel market in the coming years. On account of these factors, the market is expected to continue its moderate growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe biodiesel market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, feedstock, application, type and production technology.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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