Biodiesel Market – Trends Forecast Till 2028

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Biodiesel Market Latest Trends Future Scope
2028
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Biodiesel Market Latest Trends Future Scope
2028
The market is segmented by Feedstock (Animal fat,
Vegetable Oil, and Others), Application
(Transportation, Power Generation, and Others),
and Geography (North America, Europe,
Asia-Pacific, Middle East and Africa and South
America) The market for biodiesel is expected to
grow at a CAGR of more than 7 in the forecast
period 2021-2028 Neste, Archer Daniels Midland
Company, Bunge Limited, Louis Dreyfus Company
B.V., Wilmar International Ltd., Repsol S.A.,
Total, China Petroleum Chemical Corp (Sinopec
Corporation), Cargill Incorporated, RB Fuels and
Renewable Energy Group, Inc are the key
players.
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Market Overview
Biodiesel is a renewable fuel produced from the
transesterification of raw materials such as
vegetable oil, animal oil, and used cooking oil.
It is then used as a fuel that can power diesel
engines. Also, corn oil, palm oil, canola oil,
soybean oil, and jatropha oil are among the
commonest raw materials for biodiesel. The easy
availability of feedstock, with supporting
government policies in different countries is the
factor that has supported long-term expansion for
Biodiesel Market. The COVID-19 pandemic has had a
noteworthy effect on the global economy at
different stages, and the impact is also seen on
biodiesel demand. Automobiles and agriculture,
the major end users of biodiesel, experienced
downturn in 2020. Furthermore, the market was
affected by supply chain disruptions, shortage of
raw material supply, and government.
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Market Segmentation
Biodiesel Market is segmented into feedstock,
application and region.

• On the basis of Feedstock
• Vegetable oil
• Animal fat
• On the basis of Application
• Transportation
• Power generation

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Market Segmentation

• On the basis of Region
• Asia Pacific
• North America
• Europe
• South America
• Middle East Africa

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Competitive Landscape

• Neste
• Archer Daniels Midland Company
• Bunge Limited
• Louis Dreyfus Company B.V.
• Wilmar International Ltd.
• Repsol S.A.
• Total
• China Petroleum Chemical Corp (Sinopec
  Corporation)
• Cargill Incorporated
• RB Fuels.
• Renewable Energy Group, Inc

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Recent Developments

• To meet growing customer demand for specialty
  fats, Cargill has started construction on a US35
  million expansion of its production facility in
  Port Klang, Malaysia. This is the first step in a
  multi-year, global investment expected to exceed
  US100 million aimed to significantly expand the
  companys global portfolio in specialty fats.
• Cargill is partnering with a local manufacturer
  in western India, to launch its first chocolate
  manufacturing operation in Asia. The facility is
  expected to begin operating mid-2021 and will
  initially produce 10,000 tons of chocolate
  compounds.

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Contact Information
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