Global Biodiesel Market to Show One-Digit Growth, Expects M&M in Its Report Published at MarketPublishers.com07 Feb 2017 • by Natalie Aster
LONDON – The global market for biodiesel is set to showcase sustainable one-digit growth at a CAGR of slightly under 4% in the upcoming years. It is forecast to be worth approximately USD 42.2 billion by 2021.
Environmental friendly qualities that biodiesel boasts are one of major drivers of this marketplace. Renewability of this product, tax incentives and the potential to reduce emission are some of other important drivers. There are some restraints, too: insufficient availability of feedstock, performance concerns, and more.
Vegetable oils form the largest segment in terms of feedstock type. Their consumption is set to increase considerably in the years to come.
In terms of applications, fuels make up the most rapidly growing segment. In terms of regions, APAC is the swiftest growing marketplace. India, Australia and Indonesia will be the fastest growing country markets in this region.
The competitive landscape is dominated by such companies as Bunge Limited, BIOX Corporation, Midland Company, and more.
Cutting-edge research report “Biodiesel Market by Feedstock Type, Application and Region - Global Forecast to 2021” elaborated by M&M provides a comprehensive guide to the world’s biodiesel market. The study offers a bird’s eye of the biodiesel marketplace. It draws up a detailed picture of the market’s evolution.
The report throws light on drivers and restraints of the diesel space. The research study discusses challenges as well as opportunities of the marketplace. It scrutinizes industry trends, too.
The research report limelights market trends across different regions. The study contains Porters five forces and supply chain analyses. It describes macroeconomic indicators, as well.
The report analyzes the marketplace on the basis of the following factors: applications, feedstock types, and regions. The research study explores the competitive environment and focuses on top companies. Future outlook for the marketplace is also on hand in the research report.
More insightful M&M studies are available at its page.