Biodiesel is a widely used alternative vehicle fuel which can either used as a standalone fuel or blended with regular diesel. The most common proportion of biodiesel and conventional diesel is B20 that is 20% biodiesel and 80% conventional diesel. At present, with the exception of Middle East countries, all other countries are dependent on oil imports and in order to minimize this dependency many countries are in search for alternative fuel options. In developed countries stringent emission norms restrict the use of conventional vehicle fuels such as diesel and gasoline whereas, developing countries face fluctuation in fuel prices, under such circumstances biodiesel provides as an economic option. Biodiesel provides proper lubrication for pumps and injection equipment and avoids premature wearing, increases cetane number of fuel, reduces greenhouse & CO2 emission and provides effective combustion at high temperature. Biodiesels also provides similar performance as that of conventional fuels. It is considered as a safer than diesel and gasoline. Biodiesel has been approved by many Original Equipment Manufacturers (OEMs) such as Cummins, Caterpillar, Ford Motor Company, General Motors and John Deere for their different models.
The report covers the market for biodiesel in terms of volume and value. The volume is provided in terms of thousand gallons and value for the market is provided in terms of $million from 2014 to 2019. The biodiesel market is broadly segmented by crop types (soya seed, rapeseed, palm oil and jatropha). The biodiesel market is further segmented by vehicle type (Passenger Cars, LCVs, and HCVs), and region (Asia-Oceania, Europe, North America, and ROW) focusing on key countries in each region.
This report classifies and defines biodiesel market volume and value. It also provides qualitative insights about the types of biodiesels. The report also gives a comprehensive review of the market drivers, restraints, opportunities, challenges, and key issues in the biodiesel vehicles market. The key players in biodiesel market have also been identified and profiled.
Biodiesel: Substitute to conventional diesel
Biodiesel is a renewable source of fuel, itís a nearest substitute to conventional fuels such as gasoline and diesel; this would not only reduce the oil imports but also would curtail environmental issues such as greenhouse and CO2 emissions. Biodiesel possess the similar qualities as that of conventional fuels and hence, has promising future in coming years.
Benchmarking the rapid strategy shifts of the Top 100 companies in the Global Biodiesel MarRequest For Special Pricing