The India biodiesel market is currently witnessing strong growth. Biodiesel is a green, clean-burning fuel produced via the transesterification of edible and non-edible oils. It is renewable, cost-effective, carbon-neutral and non-toxic compared to conventional sources of fuels. As a result, it is extensively utilized in the automotive, marine and railway sectors of India to reduce carbon emissions. Moreover, as biodiesel improves the lubrication of an engine and enhances engine life, it is combined with petroleum diesel fuel for being used in compression ignition engines.
Inflating prices of petroleum products, in confluence with the rising environmental concerns, are escalating the demand for biodiesel in the automobile industry of India. Moreover, the increasing focus on sustainable development practices is bolstering the growth of the market. Furthermore, as biodiesel improves air quality, enhances energy security and provides various safety benefits, it is used to power underground mining equipment and machinery. Apart from this, the rising energy demand, along with the increasing utilization of biodiesel as a heating fuel in domestic and commercial boilers, is anticipated to influence the market positively in the upcoming years. On account of these factors, the market is expected to continue its strong growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the india 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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