The global biodiesel market was valued at US$ 33,748.2 Mn in 2016, and is projected to register CAGR of over 4% from 2017 to 2026. The vegetable oil segment in the global biodiesel market is estimated to account for majority revenue share of 84.6% by end of five years.
Global Biodiesel Market Segments Analysis:
Analysis by Feedstock Type:
On the basis of feedstock type, the market is segmented into, vegetable oil and animal fat.
Analysis by application:
Among the three application segments, fuel, power generation, and others, the fuel segment is expected to dominate with revenue share of over 60%, and is expected to continue its dominance by registering highest CARG during the forecast period.
Analysis by region:
Europe market accounts for highest market share in terms of revenue contribution in the global biodiesel market, and projected growth rate between 2016 – 2026 for Europe market is expected to be 1.6X
Global Biodiesel Market Competitive Analysis:
Companies profiled in this report Archer Daniels Midland Company, Wilmar International Limited, TerraVia Holdings Inc., Bunge Limited, Neste Corporation, Louis Dreyfus Company, BIOX Corporation, Cargill Inc., Renewable Energy Group Inc., FutureFuel Corporation.