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The United States biodiesel market is currently witnessing moderate growth. Biodiesel is a renewable energy source produced by the transesterification of recycled cooking oils and animal fats. It is economical, carbon-neutral and non-toxic as compared to fossil fuels. As it releases lower carbon footprints in the environment and offers enhanced energy security, it is extensively utilized in the automotive, marine, railway, agriculture and mining industries in the United States.
The rising environmental concerns, along with the depleting non-renewable energy sources, such as petrol, diesel and Liquified Petroleum Gas (LPG), represents one of the key factors impelling the market growth in the United States. Moreover, the implementation of favorable government policies encouraging the utilization of eco-friendly fuel is escalating the demand for biodiesel in residential and commercial heating. Furthermore, the rising energy demand is increasing the utilization of biodiesel in power generation. Besides this, the emergence of third-generation biofuels 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 market growth 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 United States 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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