바이오디젤 시장 규모, 점유율, 성장 분석 : 원료별, 유형별, 용도별, 지역별 - 산업 예측(2024-2031년)

Global Biodiesel Market size was valued at USD 40 billion in 2022 and is poised to grow from USD 42.69 billion in 2023 to USD 64.27 billion by 2031, growing at a CAGR of 5.25% in the forecast period (2024-2031).

The global biodiesel market is poised for substantial growth driven by escalating demand for eco-friendly fuels to replace traditional fossil fuels in power generation and automotive sectors. A focus on reducing greenhouse gas emissions, coupled with government incentives such as subsidies and regulations, is expected to further bolster market expansion. Despite a decline to 39.5 million tonnes in 2021 due to pandemic-related transport reductions, a robust rebound commenced in 2019, emphasizing the market's resilience. The ongoing shift towards sustainable energy, in alignment with the Paris Agreement, also supports biodiesel adoption, particularly in the automotive sector where its lower emissions are favorable. Companies like Volvo CE India are facilitating this shift by providing access to biodiesel blends for their machinery, reflecting a growing commitment to sustainable practices.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Biodiesel market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Biodiesel Market Segmental Analysis

Global Biodiesel Market is segmented by Feedstock, Type, Application and region. Based on Feedstock, the market is segmented into Vegetable Oils (Canola Oil, Soybean Oil, Palm Oil, Corn Oil, Others), Animal Fats (Poultry, Tallow, White Grease, Others). Based on Type, the market is segmented into Methanol, Biohydrogen & Cellulosic Ethanol. Based on Application, the market is segmented into Fuel (Automotive, Marine, Agriculture), Power Generation, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Biodiesel Market

The global biodiesel market is poised for significant growth, driven primarily by increasing environmental awareness and the quest for sustainable living. With mounting concerns over greenhouse gas emissions linked to fossil fuel usage, biodiesel emerges as a compelling alternative, effectively reducing emissions by up to 50% compared to traditional petroleum diesel. Its lower toxicity and reduced levels of carcinogenic compounds further enhance its appeal. Moreover, the ability to produce biodiesel domestically diminishes reliance on foreign oil, making it an attractive option for many countries. The growing demand for biodiesel as a fuel for automobiles, coupled with advancements in production methods like transesterification that meet stringent ASTM D6751 standards, is expected to propel the market's expansion in the coming years.

Restraints in the Global Biodiesel Market

The global biodiesel market is facing several restraints, particularly concerning quality issues that may hinder its growth during the forecast period. The performance of diesel engines can decline when using biodiesel blends, necessitating adjustments to oil change intervals. Compatibility with existing fuel systems is a critical consideration, as many engine manufacturers restrict biodiesel use in certain models to prevent adverse impacts. Additionally, the transition to biodiesel can lead to challenges related to increased lubricity, potentially causing complications in older engine systems. The Environmental Protection Agency (EPA) also advises diesel vehicle owners to replace fuel filters after the initial tank of biodiesel, emphasizing the importance of managing these quality concerns.

Market Trends of the Global Biodiesel Market

The Global Biodiesel market is witnessing a significant upward trend, primarily fueled by rising crude oil prices which compel countries and manufacturers to seek affordable and sustainable alternatives. Vegetable oils, as a key feedstock for biodiesel production, are gaining traction due to their cost-effectiveness and environmental benefits, including substantial reductions in greenhouse gas emissions. This shift towards biodiesel not only supports energy independence but also aligns with global sustainability goals, driving increased demand across various industries. As governments and corporations prioritize renewable energy sources, the biodiesel market is poised for robust growth, reflecting a broader commitment to eco-friendly practices worldwide.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2023
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Technological Advancement
• Regulatory Landscape
• Case Studies
• Customer & Buying Criteria Analysis
• Raw Material Analysis

Global Biodiesel Market Size by Feedstock & CAGR (2024-2031)

• Market Overview
• Vegetable Oil
  • Canola Oil
  • Soybean Oil
  • Palm Oil
  • Corn Oil
  • Others
• Animal Fats
  • Poultry
  • Tallow
  • White Grease
  • Others

Global Biodiesel Market Size by Type & CAGR (2024-2031)

• Market Overview
• Methanol
• Biohydrogen & Cellulosic Ethanol

Global Biodiesel Market Size by Application & CAGR (2024-2031)

• Market Overview
• Fuel
  • Automotive
  • Marine
  • Agriculture
• Power Generation
• Others

Global Biodiesel Market Size & CAGR (2024-2031)

• North America (Feedstock, Type, Application)
  • US
  • Canada
• Europe (Feedstock, Type, Application)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific (Feedstock, Type, Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America (Feedstock, Type, Application)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Feedstock, Type, Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Renewable Energy Group, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Archer Daniels Midland Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Neste Oyj
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Wilmar International Ltd
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cargill, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Bangchak Corporation Public Company Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ag Processing Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• BIOX Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Novozymes A/S
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Green Plains Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Rapsoila
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mid-America Biofuels, LLC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• U.S. Freedom Bio Fuels LLC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Champway Technology Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Green Biofuels
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Vegas Renewable Diesel Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• GeoGreen Biofuels, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SBI BioEnergy Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• TECHNOILOGY
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• EcoCeres Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation