HOME Top Market Reports Biodiesel Market by Feedstock Type (Vegetable Oils (Soybean, Rapeseed, Palm), Animal Fats (Lard/White Grease, Poultry, Tallow), Brown Grease/ Trap Grease), Application (Fuel, Power Generation), and Region - Global Forecast to 2021

Biodiesel Market by Feedstock Type (Vegetable Oils (Soybean, Rapeseed, Palm), Animal Fats (Lard/White Grease, Poultry, Tallow), Brown Grease/ Trap Grease), Application (Fuel, Power Generation), and Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: CH 4945

 

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The biodiesel market was USD 32.87 Billion in 2015, and is projected to reach USD 41.18 Billion by 2021, at a CAGR of 3.8%, during 2016 to 2021.

The base year considered for the study is 2015, while the forecast period is from 2016 to 2021.

The objectives of the report are as follows:

  • To define, describe, and forecast the global biodiesel market on the basis of feedstock type, application, and region
  • To provide detailed information regarding major factors influencing the growth of the market (drivers, restraints, opportunities, and industry specific challenges)
  • To analyze the opportunities in the market for stakeholders and details of a competitive landscape for market leaders
  • To forecast the market size, in terms of value, with respect to five main regions, namely, North America, Europe, Asia-Pacific, Latin America, and Africa
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & developments (R&D) in the biodiesel market

Research Methodology

Both, top-down and bottom-up approaches have been used to estimate and validate the size of the biodiesel market and to estimate the sizes of various other dependent submarkets in the overall biodiesel market. The research study involved the extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government and private websites to identify and collect information useful for the technical, market-oriented, and commercial study of the biodiesel market.

Biodiesel Market

To know about the assumptions considered for the study, download the pdf brochure

The supply chain of the biodiesel market starts with the sourcing of feedstocks, followed by processing of feedstocks, supplying to product manufacturers, and manufacturing and supplying of finished product. It ends with the use of biodiesel in the various end-use applications. Vegetable oils (rapeseed oil, corn oil, soybean oil, and palm oil), animal fats (poultry fats, tallow, lard, and choice white grease), and brown greases are the feedstocks used for the production of biodiesel. Biodiesel is mostly produced by the transesterification process. Some of the major players in the biodiesel market include Archer Daniels Midland Company (U.S.), Wilmar International Limited (Malaysia), Bunge Limited (U.S.), Neste Corporation (Finland), Renewable Energy Group Inc. (U.S.), Cargill Inc. (U.S.), BIOX Corporation (Canada), and TerraVia Holdings Inc. (U.S.).

Key Target Audience:

  • Biodiesel Manufacturing Companies
  • Traders, Distributors, and Retailers
  • Raw Material Suppliers
  • Commercial R&D Institutes
  • Research Institute, Trade Association, and Government Agencies

Scope of the Report:

This research report categorizes the biodiesel market on the basis of feedstock type, application, and region.

On the basis of Feedstock Type:

  • Vegetable oils (soybean, rapeseed, palm, and others)
  • Animal fats (lard, tallow, and poultry)
  • Others (brown grease/trap grease)

On the basis of Application:

  • Fuel
  • Power generation
  • Others (solvent and cement manufacturing)

On the basis of Region:

  • Europe
  • North America
  • Latin America
  • Asia-Pacific
  • Africa

The market has been further analyzed for the key countries in each of these regions.

Available Customizations:

Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:

Country Information:

  • Biodiesel market analysis for additional countries

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)

Pricing Analysis:

  • Detailed pricing analysis for each type of biodiesel products

Patent Analysis:

  • Detailed patent analysis for biodiesel market

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Significant Opportunities in Biodiesel Market
    4.2 Biodiesel Market in Europe, By Feedstock Type and Country
    4.3 Fastest-Growing Biodiesel Market
    4.4 Biodiesel Market, By Feedstock
    4.5 Biodiesel Market Using Vegetable Oils as A Feedstock
    4.6 Biodiesel Market, By Application

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Evolution
    5.3 Market Segmentation
           5.3.1 By Feedstock Type
           5.3.2 By Application
           5.3.3 By Region
    5.4 Impact Analysis
    5.5 Market Dynamics
           5.5.1 Drivers
                    5.5.1.1 Potential to Reduce Emissions
                    5.5.1.2 Biodegradability of Biodiesel
                    5.5.1.3 Environment-Friendliness and Renewability of Biodiesel
                    5.5.1.4 Tax Incentives Support Market Development
           5.5.2 Restraints
                    5.5.2.1 Performance Concerns
                    5.5.2.2 Weaker Cold Filtration Properties
                    5.5.2.3 Insufficient Availability of All Types of Feedstocks Restrains Growth
           5.5.3 Opportunities
                    5.5.3.1 OEM Support for Biodiesel Continues to Grow
                    5.5.3.2 Growing Uses for Crude Glycerin From Biodiesel Production
           5.5.4 Challenges
                    5.5.4.1 Easy Availability of Raw Materials in Emerging Regions Leading to Overcapacity

6 Industry Trends (Page No. - 46)
    6.1 Introduction
    6.2 Biodiesel Market Trends, By Region
           6.2.1 Americas: Reviving With New Biodiesel Destinations
           6.2.2 Europe: Increasing Tax, Decreasing Production
           6.2.3 Asia: Biodiesel Market Opportunity
    6.3 Supply-Chain Analysis
           6.3.1 Biodiesel vs Petroleum Diesel: Comparative Analysis
    6.4 Porter’s Five Forces
           6.4.1 Threat of Substitutes
           6.4.2 Threat of New Entrants
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Competitive Rivalry

7 Macro Economic Indicators (Page No. - 54)
    7.1 GDP Growth Rate Forecasts of Major Global Economies
    7.2 Feedstock Analysis
    7.3 Regional Analysis

8 Biodiesel Market, By Feedstock Type (Page No. - 59)
    8.1 Introduction
    8.2 Vegetable Oils
           8.2.1 Rapeseed/Canola Oil
           8.2.2 Soybean Oil
           8.2.3 Palm Oil
           8.2.4 Others
    8.3 Animal Fats
           8.3.1 Poultry
           8.3.2 Tallow
           8.3.3 Lard and Choice White Grease
    8.4 Others

9 Biodiesel Market, By Application (Page No. - 71)
    9.1 Introduction
    9.2 Fuel
    9.3 Power Generation
    9.4 Others

10 Biodiesel Market, By Region (Page No. - 75)
     10.1 Introduction
     10.2 Europe
             10.2.1 Germany
             10.2.2 France
             10.2.3 Spain
             10.2.4 Italy
             10.2.5 U.K.
             10.2.6 Poland
             10.2.7 Austria
             10.2.8 Rest of Europe
     10.3 North America
             10.3.1 U.S.
             10.3.2 Canada
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 India
             10.4.3 Thailand
             10.4.4 South Korea
             10.4.5 Malaysia
             10.4.6 Indonesia
             10.4.7 Australia
             10.4.8 Rest of Asia-Pacific
     10.5 Latin America
             10.5.1 Brazil
             10.5.2 Argentina
             10.5.3 Colombia
             10.5.4 Peru
     10.6 Africa
             10.6.1 South Africa
             10.6.2 Mozambique
             10.6.3 Rest of Africa

11 Competitive Landscape (Page No. - 121)
     11.1 Overview
     11.2 Supplier Ranking for Biodiesel Market, in 2015
     11.3 Competitive Situation and Trends
     11.4 Expansion: Most Popular Growth Strategy Between 2013 and 2016
             11.4.1 Expansions
             11.4.2 Agreements & Joint Ventures
             11.4.3 Acquisitions
             11.4.4 New Product Developments

12 Company Profiles (Page No. - 129)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     12.1 Archer Daniels Midland Company (ADM)
     12.2 Wilmar International Limited
     12.3 Bunge Limited
     12.4 Neste Corporation
     12.5 Renewable Energy Group Inc.
     12.6 Cargill Inc.
     12.7 Louis Dreyfus Company
     12.8 BIOX Corporation
     12.9 Mόnzer Bioindustrie GmbH
     12.10 Terravia Holdings Inc.

*Details Might Not Be Captured in Case of Unlisted Companies

13 Cold Flow Improvers for Biodiesel (Page No. - 150)
     13.1 Introduction

14 Cold Flow Additives Providers- Company Profiles (Page No. - 152)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     14.1 Innospec Inc.
     14.2 Chemiphase Ltd.
     14.3 Amalgamated Inc.
     14.4 Bell Performance Inc.
     14.5 Baker Hughes Incorporated.

*Details Might Not Be Captured in Case of Unlisted Companies

15 Appendix (Page No. - 158)
     15.1 Key Expert Insights
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets Subscription Portal
     15.4 Introducing RT: Real Time Market Intelligence
     15.5 Available Customizations
     15.6 Related Reports
     15.7 Author Details


List of Tables (127 Tables)

Table 1 Biodiesel Market: By Feedstock Type
Table 2 Biodiesel Market: By Application
Table 3 Emission Reduction Values of Biodiesel
Table 4 Biodiesel Lifecycle Operations
Table 5 Petroleum Diesel Lifecycle Operations
Table 6 Comparative Analysis of Biodiesel With Other Alternative Fuels
Table 7 Trends and Forecast for GDP Growth Rates Between 2016 and 2021
Table 8 Country-Wise Biodiesel Blend Mandate
Table 9 Primary Feedstock Used in Different Countries
Table 10 Comparison of Feedstock Types
Table 11 Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liters)
Table 12 Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 13 Vegetable Oils Market Size, By Feedstock, 2014–2021 (Million Liter)
Table 14 Vegetable Oils Market Size, By Feedstock, 2014–2021 (USD Million)
Table 15 Vegetable Oils Market Size, By Region, 2014–2021 (Million Liter)
Table 16 Vegetable Oils Market Size, By Region, 2014–2021 (USD Million)
Table 17 Animal Fats Market Size, By Feedstock, 2014–2021 (Million Liter)
Table 18 Animal Fats Market Size, By Feedstock, 2014–2021 (USD Million)
Table 19 Animal Fats Market Size, By Region, 2014–2021 (Million Liter)
Table 20 Animal Fats Market Size, By Region, 2014–2021 (USD Million)
Table 21 Others Market Size, By Region, 2014–2021 (Million Liter)
Table 22 Others Market Size, By Region, 2014–2021 (USD Million)
Table 23 Biodiesel Market Size, By Application, 2014–2021 (Million Liter)
Table 24 Biodiesel Market Size, By Application, 2014–2021 (USD Million)
Table 25 Top10 Biodiesel-Consuming Countries, 2014–2021 (Million Liter)
Table 26 Top10 Biodiesel-Producing Countries, 2014–2021 (Million Liter)
Table 27 Biodiesel Market Size, By Region, 2014–2021 (Million Liter)
Table 28 Biodiesel Market Size, By Region, 2014–2021 (USD Million)
Table 29 Biodiesel Feedstock Market Size, By Region, 2014–2021 (Million Liter)
Table 30 Biodiesel Feedstock Market Size, By Region, 2014–2021 (USD Million)
Table 31 Europe: Biodiesel Market Size, By Country, 2014–2021 (Million Liter)
Table 32 Europe: Biodiesel Market Size, By Country, 2014–2021 (USD Million)
Table 33 Europe: Biodiesel Feedstock Market Size, By Country, 2014–2021 (Million Liter)
Table 34 Europe: Biodiesel Feedstock Market Size, By Country, 2014–2021 (USD Million)
Table 35 Europe: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 36 Europe: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 37 Europe: Vegetable Oils Market Size, By Feedstock, 2014–2021 (Million Liter)
Table 38 Europe: Vegetable Oils Market Size, By Feedstock, 2014–2021 (USD Million)
Table 39 Germany: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 40 Germany: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 41 France: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 42 France: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 43 Spain: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 44 Spain: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 45 Italy: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 46 Italy: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 47 U.K.: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 48 U.K.: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 49 Poland: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 50 Poland: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 51 Austria: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 52 Austria: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 53 Rest of Europe: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 54 Rest of Europe: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 55 North America: Biodiesel Market Size, By Country, 2014–2021 (Million Liter)
Table 56 North America: Biodiesel Market Size, By Country, 2014–2021 (USD Million)
Table 57 North America: Biodiesel Feedstock Market Size, By Country, 2014–2021 (Million Liter)
Table 58 North America: Biodiesel Feedstock Market Size, By Country, 2014–2021 (USD Million)
Table 59 North America: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 60 North America: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 61 North America: Vegetable Oils Market Size, By Feedstock, 2014–2021 (Million Liter)
Table 62 North America: Vegetable Oils Market Size, By Feedstock, 2014–2021 (USD Million)
Table 63 U.S.: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 64 U.S.: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 65 Canada: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 66 Canada: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 67 Asia-Pacific: Biodiesel Market Size, By Country, 2014–2021 (Million Liter)
Table 68 Asia-Pacific: Biodiesel Market Size, By Country, 2014–2021 (USD Million)
Table 69 Asia-Pacific: Biodiesel Feedstock Market Size, By Country, 2014–2021 (Million Liter)
Table 70 Asia-Pacific: Biodiesel Feedstock Market Size, By Country, 2014–2021 (USD Million)
Table 71 Asia-Pacific: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 72 Asia-Pacific: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 73 Asia-Pacific: Vegetable Oils Market Size, By Feedstock, 2014–2021 (Million Liter)
Table 74 Asia-Pacific: Vegetable Oils Market Size, By Feedstock, 2014–2021 (USD Million)
Table 75 China: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 76 China: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 77 India: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 78 India: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 79 Thailand: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 80 Thailand: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 81 South Korea: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 82 South Korea: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 83 Malaysia: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 84 Malaysia: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 85 Indonesia: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 86 Indonesia: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 87 Australia: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 88 Australia: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 89 Rest of Asia-Pacific: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 90 Rest of Asia-Pacific: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 91 Latin America: Biodiesel Market Size, By Country, 2014–2021 (Million Liter)
Table 92 Latin America: Biodiesel Market Size, By Country, 2014–2021 (USD Million)
Table 93 Latin America: Biodiesel Feedstock Market Size, By Country, 2014–2021 (Million Liter)
Table 94 Latin America: Biodiesel Feedstock Market Size, By Country, 2014–2021 (USD Million)
Table 95 Latin America: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 96 Latin America: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 97 Latin America: Vegetable Oils Market Size, By Feedstock, 2014–2021 (Million Liter)
Table 98 Latin America: Vegetable Oils Market Size, By Feedstock, 2014–2021 (USD Million)
Table 99 Brazil: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 100 Brazil: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 101 Argentina: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 102 Argentina: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 103 Colombia: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 104 Colombia: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 105 Peru: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 106 Peru: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 107 Africa: Biodiesel Market Size, By Country, 2014–2021 (Million Liter)
Table 108 Africa: Biodiesel Market Size, By Country, 2014–2021 (USD Million)
Table 109 Africa: Biodiesel Feedstock Market Size, By Country, 2014–2021 (Million Liter)
Table 110 Africa: Biodiesel Feedstock Market Size, By Country, 2014–2021 (USD Million)
Table 111 Africa: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 112 Africa: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 113 Africa: Vegetable Oils Market Size, By Feedstock, 2014–2021 (Million Liter)
Table 114 Africa: Vegetable Oils Market Size, By Feedstock, 2014–2021 (USD Million)
Table 115 South Africa: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 116 South Africa: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 117 Mozambique: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 118 Mozambique: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 119 Rest of Africa: Biodiesel Market Size, By Feedstock Type, 2014–2021 (Million Liter)
Table 120 Rest of Africa: Biodiesel Market Size, By Feedstock Type, 2014–2021 (USD Million)
Table 121 Major Biodiesel Producers & Their Ranks, 2015
Table 122 Expansions, 2014-2016
Table 123 Agreements & Joint Ventures, 2013–2016
Table 124 Acquisitions, 2014–2016
Table 125 New Product Developments, 2013–2014
Table 126 Cold Flow Properties of Biodiesel Produced From Various Feedstock Used
Table 127 Typical Properties of Biostable


List of Figures (50 Figures)

Figure 1 Biodiesel Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Biodiesel: Data Triangulation
Figure 5 Vegetable Oils to Be Dominant Feedstock Type Between 2016 and 2021
Figure 6 Soybean to Be Largest Used Vegetable Oil Feedstock Between 2016 and 2021
Figure 7 Fuel to Be the Dominant Application of Biodiesel Between 2015 and 2021
Figure 8 Europe Led Biodiesel Market in 2015
Figure 9 Increasing Demand From Fuel Application to Drive the Biodiesel Market
Figure 10 Germany to Lead Biodiesel Market in Europe
Figure 11 Malaysia to Be Fastest-Growing Market Between 2016 and 2021
Figure 12 Soybean Oil to Dominate Biodiesel Feedstock Market Between 2016 and 2021
Figure 13 Europe to Lead Market in Usage of Vegetable Oils as A Feedstock, 2016–2021
Figure 14 Fuel Accounted for Largest Share, in 2015
Figure 15 Evolution of Biodiesel
Figure 16 Biodiesel Market Segmentation, By Region
Figure 17 Environmental Friendliness of Biodiesel to Have A Long Term Impact on Biodiesel Market Growth
Figure 18 Low Emission From Biodiesel Fostering Market Growth
Figure 19 Biodiesel Market Supply-Chain Analysis
Figure 20 Biodiesel Market: Porter’s Five Forces Analysis
Figure 21 Feedstock Fat Content
Figure 22 Oil Yield From Vegetable Feedstocks
Figure 23 Global Biodiesel Production, 2015
Figure 24 Top-10 Biodiesel Producing Countries, 2015
Figure 25 Vegetable Oils Accounted for Majority Share of Biodiesel Market, in 2015
Figure 26 Europe is Estimated to Lead Vegetable Oils Market in Biodiesel Production, in 2016
Figure 27 North America is Estimated to Lead Animal Fats Feedstock Market for Biodiesel Production Between 2016 and 2021
Figure 28 Latin America is Projected to Dominate Others Feedstock Market for Biodiesel During Forecast Period
Figure 29 Fuel Application Accounted for Majority Share of Biodiesel Market, 2015
Figure 30 Regional Snapshot: Rapidly Growing Markets are Emerging as New Strategic Locations
Figure 31 Europe Market Snapshot: Italy to Be the Fastest-Growing Market
Figure 32 U.S. Market Snapshot, 2016 vs 2021
Figure 33 Asia-Pacific Snapshot: China to Be the Largest Market
Figure 34 Vegetable Oils Accounted for the Largest Market Share of Asia-Pacific in 2015
Figure 35 Companies Adopted Expansion as the Key Growth Strategy Between 2013 and 2016
Figure 36 Market Evaluation Framework: Expansions Fueled Growth Between 2013 and 2016
Figure 37 Archer Daniels Midland Company: Company Snapshot
Figure 38 Archer Daniels Midland Company: SWOT Analysis
Figure 39 Wilmar International Limited: Company Snapshot
Figure 40 Wilmar International Limited: SWOT Analysis
Figure 41 Bunge Limited: Company Snapshot
Figure 42 Bunge Limited: SWOT Analysis
Figure 43 Neste Corporation: Company Snapshot
Figure 44 Neste Corporation: SWOT Analysis
Figure 45 Renewable Energy Group Inc.: Company Snapshot
Figure 46 Cargill Inc.: Company Snapshot
Figure 47 Louis Dreyfus Company: Company Snapshot
Figure 48 BIOX Corporation: Company Snapshot
Figure 49 Terravia Holdings Inc.: Company Snapshot
Figure 50 Innospec Inc.: Company Snapshot

The biodiesel market is projected to reach USD 41.18 Billion by 2021, at a CAGR of 3.8% from 2016 to 2021. Biodiesel products find usage in several end-use industries such as, automotive, power generation, marine, railway, agriculture, and mining in applications, including fuel, power generation, industrial solvent, and lubricating agent. The increasing usage of biodiesel across these industries is expected to drive the market for the biodiesel in near future.

Biodiesel is produced from three types of feedstock, such as vegetable oils, animal fats, and greases. Vegetable oils are widely used to produce biodiesel, as they contain less saturated fat, and thus reduce the processing cost. Furthermore, vegetable oils are easily available as compared to animal fats, and greases.

Biodiesel Market

Rising use of biodiesel in the fuel and power generation application segments have led to an increased demand for biodiesel, globally. Europe is estimated to be the largest market for biodiesel, followed by North America. Germany is expected to account for the largest share in Europe till 2021 with Italy is expected to be the fastest-growing market for biodiesel during the forecast period. The U.S. is the largest market for the biodiesel in North America. Major producers of biodiesel, such as Archer Daniels Midland Company, Bunge Limited, Renewable Energy Group, Cargill Inc., and TerraVia Holdings Inc. are located in the U.S.

Low cold filtration properties and increase in water separation & fuel foaming with the use of biodiesel may act as restraints for the market. However, biodiesel is environment friendly, non-toxic, and readily biodegradable fuel that offers better fuel economy over fossil fuels and ensures complete fuel combustion.

Companies are investing in expansions of their production capacities to increase their market share and cater to the increasing demand for biodiesel. For example, Renewable Energy Group started the expansion of its Ralston, IA bio-refinery. This expansion will increase the annual production capacity of the bio-refinery from 12 million gallons to 30 million gallons and will help company serve the increasing demand of biodiesel in the U.S.

Companies such as Archer Daniels Midland Company (U.S.), Wilmar International Limited (Malaysia), Bunge Limited (U.S.), Neste Corporation (Finland), Renewable Energy Group Inc. (U.S.), Cargill Inc. (U.S.), BIOX Corporation (Canada), and TerraVia Holdings Inc. (U.S.) adopted the expansions, acquisitions, agreements & joint ventures, and new product developments strategies to expand their market share and distribution network in the biodiesel market from 2013 to 2016.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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