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Biodiesel Market to surpass $64.69 Billion by 2030, Says Pristine Intelligence

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Biodiesel Market Size Was Valued at USD 34.69 Billion in 2022 and is Projected to Reach USD 64.69 Billion by 2030, Growing at a CAGR of 8.10% From 2023-2030.

Biodiesel, a renewable and sustainable alternative to conventional diesel fuel, has garnered significant attention in recent years as the world seeks cleaner energy solutions. Derived from natural sources such as vegetable oils, animal fats, or recycled cooking grease, biodiesel offers several environmental benefits, including reduced greenhouse gas emissions and decreased dependence on fossil fuels. Biodiesel is created through a chemical process called transesterification, which involves reacting a lipid with an alcohol (such as methanol) in the presence of a catalyst (such as sodium hydroxide or potassium hydroxide) to form biodiesel and glycerol as a by-product.

Leading players involved in Biodiesel Market include:
Archer Daniels Midland Company (US), Bunge Limited (US), Cargill Inc. (US), Louis Dreyfus Company B.V. (Netherlands), Wilmar International Limited (Singapore), Neste Corporation (Finland), Renewable Energy Group Inc. (US), TerraVia Holdings Inc. (US), Bio-Oil (Singapore), Biox Corporation (Canada), Crimson Renewable Energy LP (US), Delta American Fuel, LLC (US), Diester Industrie S.A.S. (France), Elevance Renewable Sciences Inc. (US), FutureFuel Corp. (US), Green Energy Biofuel (US), Imperium Renewables Inc. (US), Iowa Renewable Energy, LLC (US), KFS Biodiesel GmbH & Co. KG (Germany), Münzer Bioindustrie GmbH (Austria).

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Target Prov.: All Provinces
Target City : USA
Last Update : Feb 27, 2024 6:26 AM
Number of Views: 22
Item  Owner  : Akshay Patil
Contact Email:
Contact Phone: (+1) 773 382 1049

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2024-02-29 (0.576 sec)