Biodiesel Market, Global Forecast, Impact of COVID-19, Industry Trends, by Blend, Feed Stock Type, Growth, Opportunity Company Analysis
Biodiesel is a diesel fuel surrogate used in diesel engines. The feedstock is obtained from various feedstocks, including vegetable oils such as rapeseed oil, soybean oil and waste & residues. The multiple advantages of using biodiesel include its biodegradability, reduced dependency on conventional fuels, and reduced greenhouse gas emissions. The government policies and tax rebates to support the adoption of biodiesel also add to the growth of the biodiesel market globally. According to Renub Research, the Global Biodiesel Market is projected to reach US$ 50.1 Billion by 2027.
Also, the feedstock used in a particular country relies on the accessibility of crops in that country. For instance, rapeseed oil is presently the most prevalent feedstock used in biodiesel production, followed by soybean oil. Rapeseed oil is usually used in many European countries for biodiesel production, whereas soybean oil is used in the U.S. and Argentina. Furthermore, biodiesel is mixed with diesel to create a blend. This blend comprises pure biodiesel, also referred to as B100, blended with petroleum diesel at varying concentrations. The blends existing in the global biodiesel market are B100, B20, B5, B2 and Others.
In recent years, biodiesel is widely used with diesel engines in many sectors such as industrial fuels, transportation fuels, and the chemical industry. Transportation fuel biodiesel acts as the significant application segment to substitute for automotive fuels to reduce harmful emissions. The increasing demand for clean energy has also fuelled the growth of the global biodiesel market. As per our estimation, the Global Biodiesel Market Size was US$ 34.7 Billion in 2020.
However, the devastating COVID-19 pandemic has had a substantial impression on the global economy at diverse stages, and the influence is also seen on biodiesel demand. With the ongoing crisis caused by the COVID pandemic, manufacturing activities and logistic operations have seen a dip in the biodiesel market. However, demand is anticipated to stabilize once the pandemic situation subsides and recovery of economic activities begins. Notwithstanding, automobiles and agriculture, the significant biodiesel end-users, experienced a downturn in 2020. Furthermore, the market was hit by supply chain disruptions, raw material supply, and government shortages. However, the long-term outlook remains stable, and Renub Research expects the Global Biodiesel Industry to increase with a CAGR of 5.39% during 2020-2027.
Regionally, the global biodiesel market has been segmented into North America, Europe, Asia Pacific and Middle East & Africa. Environmental advantages of biodiesel, easy accessibility, and the federal Renewable Fuels Standard Program have majorly added to the burgeoning demand for biodiesel. Moreover, Brazil, located in the Middle East & Africa, has a mandatory consumption of biodiesel. Most biofuel is intended for domestic consumption. Also, Brazil has different policies and has introduced several programs to encourage the use of renewable energy in the foreseeable future, which is spurring the demand for biodiesel in the country.
Key players operating in the Global Biodiesel Market are Associated British Foods Plc, Chr. Hansen Holding A/S, Koninklijke DSM N.V., Kerry Group and Novozymes. In the coming years, biodiesel is the future fuel of the transportation industry, being environment-friendly swiftly paving market growth globally.
Renub Research latest report titled “Biodiesel Market, Global Forecast by Blend (B100, B20, B5, B2 and Others), Feed Stock Type (Rapeseed Oil Based Feed Stock, Soya bean Oil based Feed Stock, Waste and Residues based feed stock and Others), Application (Industrial Fuels, Transportation Fuels, Chemical Industry and Others), Regions (North America, Europe, Asia Pacific and ROW), Company (Associated British Foods Plc, Chr. Hansen Holding A/S, Koninklijke DSM N.V., Kerry Group and Novozymes)” provides a detailed analysis of Global Biodiesel Industry.
Blend - The Market has been covered from 5 viewpoints:
1. B100
2. B20
3. B5
4. B2
5. Others
Feed Stock Type – The Market has been covered from 4 viewpoints:
1. Rapeseed Oil Based Feed Stock
2. Soya bean Oil based Feed Stock
3. Waste and Residues based feed stock
4. Others
Application – The Market has been covered from 4 viewpoints:
1. Industrial Fuels
2. Transportation Fuels
3. Chemical Industry
4. Others
Regions – The market has been covered from 4 regions:
1. North America
2. Europe
3. Asia Pacific’s
4. ROW
Company Insights:
1. Associated British Foods Plc
2. Chr. Hansen Holding A/S
3. Koninklijke DSM N.V.
4. Kerry Group
5. Novozymes
Also, the feedstock used in a particular country relies on the accessibility of crops in that country. For instance, rapeseed oil is presently the most prevalent feedstock used in biodiesel production, followed by soybean oil. Rapeseed oil is usually used in many European countries for biodiesel production, whereas soybean oil is used in the U.S. and Argentina. Furthermore, biodiesel is mixed with diesel to create a blend. This blend comprises pure biodiesel, also referred to as B100, blended with petroleum diesel at varying concentrations. The blends existing in the global biodiesel market are B100, B20, B5, B2 and Others.
In recent years, biodiesel is widely used with diesel engines in many sectors such as industrial fuels, transportation fuels, and the chemical industry. Transportation fuel biodiesel acts as the significant application segment to substitute for automotive fuels to reduce harmful emissions. The increasing demand for clean energy has also fuelled the growth of the global biodiesel market. As per our estimation, the Global Biodiesel Market Size was US$ 34.7 Billion in 2020.
However, the devastating COVID-19 pandemic has had a substantial impression on the global economy at diverse stages, and the influence is also seen on biodiesel demand. With the ongoing crisis caused by the COVID pandemic, manufacturing activities and logistic operations have seen a dip in the biodiesel market. However, demand is anticipated to stabilize once the pandemic situation subsides and recovery of economic activities begins. Notwithstanding, automobiles and agriculture, the significant biodiesel end-users, experienced a downturn in 2020. Furthermore, the market was hit by supply chain disruptions, raw material supply, and government shortages. However, the long-term outlook remains stable, and Renub Research expects the Global Biodiesel Industry to increase with a CAGR of 5.39% during 2020-2027.
Regionally, the global biodiesel market has been segmented into North America, Europe, Asia Pacific and Middle East & Africa. Environmental advantages of biodiesel, easy accessibility, and the federal Renewable Fuels Standard Program have majorly added to the burgeoning demand for biodiesel. Moreover, Brazil, located in the Middle East & Africa, has a mandatory consumption of biodiesel. Most biofuel is intended for domestic consumption. Also, Brazil has different policies and has introduced several programs to encourage the use of renewable energy in the foreseeable future, which is spurring the demand for biodiesel in the country.
Key players operating in the Global Biodiesel Market are Associated British Foods Plc, Chr. Hansen Holding A/S, Koninklijke DSM N.V., Kerry Group and Novozymes. In the coming years, biodiesel is the future fuel of the transportation industry, being environment-friendly swiftly paving market growth globally.
Renub Research latest report titled “Biodiesel Market, Global Forecast by Blend (B100, B20, B5, B2 and Others), Feed Stock Type (Rapeseed Oil Based Feed Stock, Soya bean Oil based Feed Stock, Waste and Residues based feed stock and Others), Application (Industrial Fuels, Transportation Fuels, Chemical Industry and Others), Regions (North America, Europe, Asia Pacific and ROW), Company (Associated British Foods Plc, Chr. Hansen Holding A/S, Koninklijke DSM N.V., Kerry Group and Novozymes)” provides a detailed analysis of Global Biodiesel Industry.
Blend - The Market has been covered from 5 viewpoints:
1. B100
2. B20
3. B5
4. B2
5. Others
Feed Stock Type – The Market has been covered from 4 viewpoints:
1. Rapeseed Oil Based Feed Stock
2. Soya bean Oil based Feed Stock
3. Waste and Residues based feed stock
4. Others
Application – The Market has been covered from 4 viewpoints:
1. Industrial Fuels
2. Transportation Fuels
3. Chemical Industry
4. Others
Regions – The market has been covered from 4 regions:
1. North America
2. Europe
3. Asia Pacific’s
4. ROW
Company Insights:
- Overview
- Company Initiatives
- Revenue Analysis
1. Associated British Foods Plc
2. Chr. Hansen Holding A/S
3. Koninklijke DSM N.V.
4. Kerry Group
5. Novozymes
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Growth Drivers
4.2 Challenges
5. GLOBAL INDUSTRIAL ENZYMES MARKET
6. MARKET SHARE – GLOBAL INDUSTRIAL ENZYMES MARKET
6.1 By Types
6.2 By Applications
6.3 By Source
6.4 By Regions
7. TYPES – GLOBAL INDUSTRIAL ENZYMES MARKET
7.1 Carbohydrases
7.2 Amylases
7.3 Cellulases
7.4 Proteases
7.5 Lipases
8. SOURCE – GLOBAL INDUSTRIAL ENZYMES MARKET
8.1 Microorganism
8.2 Plant
8.3 Animal
9. APPLICATION – GLOBAL INDUSTRIAL ENZYMES MARKET
9.1 Bio fuel Enzymes
9.2 Cleaning Product Enzymes
9.3 Food Enzymes
9.4 Animal Feed Enzymes
9.5 Textile Enzymes
9.6 Specialty Enzymes
10. REGIONS – GLOBAL INDUSTRIAL ENZYMES MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific’s
10.4 Rest of World
11. COMPANY ANALYSIS
11.1 BASF SE
11.1.1 Overview
11.1.2 Company Initiatives
11.1.3 Sales Analysis
11.2 Advanced Enzyme Technologies
11.2.1 Overview
11.2.2 Company Initiatives
11.2.3 Sales Analysis
11.3 Novozymes
11.3.1 Overview
11.3.2 Company Initiatives
11.3.3 Sales Analysis
11.4 DuPont Danisco
11.4.1 Overview
11.4.2 Company Initiatives
11.4.3 Sales Analysis
11.5 DSM
11.5.1 Overview
11.5.2 Company Initiatives
11.5.3 Sales Analysis
11.6 Kerry Group PLC
11.6.1 Overview
11.6.2 Company Initiatives
11.6.3 Sales Analysis
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Growth Drivers
4.2 Challenges
5. GLOBAL INDUSTRIAL ENZYMES MARKET
6. MARKET SHARE – GLOBAL INDUSTRIAL ENZYMES MARKET
6.1 By Types
6.2 By Applications
6.3 By Source
6.4 By Regions
7. TYPES – GLOBAL INDUSTRIAL ENZYMES MARKET
7.1 Carbohydrases
7.2 Amylases
7.3 Cellulases
7.4 Proteases
7.5 Lipases
8. SOURCE – GLOBAL INDUSTRIAL ENZYMES MARKET
8.1 Microorganism
8.2 Plant
8.3 Animal
9. APPLICATION – GLOBAL INDUSTRIAL ENZYMES MARKET
9.1 Bio fuel Enzymes
9.2 Cleaning Product Enzymes
9.3 Food Enzymes
9.4 Animal Feed Enzymes
9.5 Textile Enzymes
9.6 Specialty Enzymes
10. REGIONS – GLOBAL INDUSTRIAL ENZYMES MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific’s
10.4 Rest of World
11. COMPANY ANALYSIS
11.1 BASF SE
11.1.1 Overview
11.1.2 Company Initiatives
11.1.3 Sales Analysis
11.2 Advanced Enzyme Technologies
11.2.1 Overview
11.2.2 Company Initiatives
11.2.3 Sales Analysis
11.3 Novozymes
11.3.1 Overview
11.3.2 Company Initiatives
11.3.3 Sales Analysis
11.4 DuPont Danisco
11.4.1 Overview
11.4.2 Company Initiatives
11.4.3 Sales Analysis
11.5 DSM
11.5.1 Overview
11.5.2 Company Initiatives
11.5.3 Sales Analysis
11.6 Kerry Group PLC
11.6.1 Overview
11.6.2 Company Initiatives
11.6.3 Sales Analysis
LIST OF FIGURES:
Figure-01: Global Industrial Enzymes Market (Million US$), 2017 – 2020
Figure-02: Forecast for – Global Industrial Enzymes Market (Million US$), 2021 – 2026
Figure-03: Type – Carbohydrases Market (Million US$), 2017 – 2020
Figure-04: Type – Forecast for Carbohydrases Market (Million US$), 2021 – 2026
Figure-05: Type – Amylases Market (Million US$), 2017 – 2020
Figure-06: Type – Forecast for Amylases Market (Million US$), 2021 – 2026
Figure-07: Type – Cellulases Market (Million US$), 2017 – 2020
Figure-08: Type – Forecast for Cellulases Market (Million US$), 2021 – 2026
Figure-09: Type – Proteases Market (Million US$), 2017 – 2020
Figure-10: Type – Forecast for Proteases Market (Million US$), 2021 – 2026
Figure-11: Type – Lipases Market (Million US$), 2017 – 2020
Figure-12: Type – Forecast for Lipases Market (Million US$), 2021 – 2026
Figure-13: Source – Microorganism Market (Million US$), 2017 – 2020
Figure-14: Source – Forecast for Microorganism Market (Million US$), 2021 – 2026
Figure-15: Source – Plant Market (Million US$), 2017 – 2020
Figure-16: Source – Forecast for Plant Market (Million US$), 2021 – 2026
Figure-17: Source – Animal Market (Million US$), 2017 – 2020
Figure-18: Source – Forecast for Animal Market (Million US$), 2021 – 2026
Figure-19: Application – Bio Fuel Enzymes Market (Million US$), 2017 – 2020
Figure-20: Application – Forecast for Bio Fuel Enzymes Market (Million US$), 2021 – 2026
Figure-21: Application – Cleaning Product Enzymes Market (Million US$), 2017 – 2020
Figure-22: Application – Forecast for Cleaning Product Enzymes Market (Million US$), 2021 – 2026
Figure-23: Application – Food Enzymes Market (Million US$), 2017 – 2020
Figure-24: Application – Forecast for Food Enzymes Market (Million US$), 2021 – 2026
Figure-25: Application – Animal Feed Enzymes Market (Million US$), 2017 – 2020
Figure-26: Application – Forecast for Animal Feed Enzymes Market (Million US$), 2021 – 2026
Figure-27: Application – Textile Enzymes Market (Million US$), 2017 – 2020
Figure-28: Application – Forecast for Textile Enzymes Market (Million US$), 2021 – 2026
Figure-29: Application – Specialty Enzymes Market (Million US$), 2017 – 2020
Figure-30: Application – Forecast for Specialty Enzymes Market (Million US$), 2021 – 2026
Figure-31: North America – Industrial Enzymes Market (Million US$), 2017 – 2020
Figure-32: North America – Forecast for Industrial Enzymes Market (Million US$), 2021 – 2026
Figure-33: Europe – Industrial Enzymes Market (Million US$), 2017 – 2020
Figure-34: Europe – Forecast for Industrial Enzymes Market (Million US$), 2021 – 2026
Figure-35: Asia Pacific – Industrial Enzymes Market (Million US$), 2017 – 2020
Figure-36: Asia Pacific – Forecast for Industrial Enzymes Market (Million US$), 2021 – 2026
Figure-37: Rest of World – Industrial Enzymes Market (Million US$), 2017 – 2020
Figure-38: Rest of World – Forecast for Industrial Enzymes Market (Million US$), 2021 – 2026
Figure-39: BASF SE – Global Revenue (Million US$), 2017 – 2020
Figure-40: BASF SE – Forecast for Global Revenue (Million US$), 2021 – 2026
Figure-41: Advanced Enzyme Technologies – Global Revenue (Million US$), 2017 – 2020
Figure-42: Advanced Enzyme Technologies – Forecast for Global Revenue (Million US$), 2021 – 2026
Figure-43: Novozymes – Global Revenue (Million US$), 2017 – 2020
Figure-44: Novozymes – Forecast for Global Revenue (Million US$), 2021 – 2026
Figure-45: DuPont Danisco – Global Revenue (Million US$), 2017 – 2020
Figure-46: DuPont Danisco – Forecast for Global Revenue (Million US$), 2021 – 2026
Figure-47: DSM – Global Revenue (Million US$), 2017 – 2020
Figure-48: DSM – Forecast for Global Revenue (Million US$), 2021 – 2026
Figure-49: Kerry Group PLC – Global Revenue (Million US$), 2017 – 2020
Figure-50: Kerry Group PLC – Forecast for Global Revenue (Million US$), 2021 – 2026
Figure-01: Global Industrial Enzymes Market (Million US$), 2017 – 2020
Figure-02: Forecast for – Global Industrial Enzymes Market (Million US$), 2021 – 2026
Figure-03: Type – Carbohydrases Market (Million US$), 2017 – 2020
Figure-04: Type – Forecast for Carbohydrases Market (Million US$), 2021 – 2026
Figure-05: Type – Amylases Market (Million US$), 2017 – 2020
Figure-06: Type – Forecast for Amylases Market (Million US$), 2021 – 2026
Figure-07: Type – Cellulases Market (Million US$), 2017 – 2020
Figure-08: Type – Forecast for Cellulases Market (Million US$), 2021 – 2026
Figure-09: Type – Proteases Market (Million US$), 2017 – 2020
Figure-10: Type – Forecast for Proteases Market (Million US$), 2021 – 2026
Figure-11: Type – Lipases Market (Million US$), 2017 – 2020
Figure-12: Type – Forecast for Lipases Market (Million US$), 2021 – 2026
Figure-13: Source – Microorganism Market (Million US$), 2017 – 2020
Figure-14: Source – Forecast for Microorganism Market (Million US$), 2021 – 2026
Figure-15: Source – Plant Market (Million US$), 2017 – 2020
Figure-16: Source – Forecast for Plant Market (Million US$), 2021 – 2026
Figure-17: Source – Animal Market (Million US$), 2017 – 2020
Figure-18: Source – Forecast for Animal Market (Million US$), 2021 – 2026
Figure-19: Application – Bio Fuel Enzymes Market (Million US$), 2017 – 2020
Figure-20: Application – Forecast for Bio Fuel Enzymes Market (Million US$), 2021 – 2026
Figure-21: Application – Cleaning Product Enzymes Market (Million US$), 2017 – 2020
Figure-22: Application – Forecast for Cleaning Product Enzymes Market (Million US$), 2021 – 2026
Figure-23: Application – Food Enzymes Market (Million US$), 2017 – 2020
Figure-24: Application – Forecast for Food Enzymes Market (Million US$), 2021 – 2026
Figure-25: Application – Animal Feed Enzymes Market (Million US$), 2017 – 2020
Figure-26: Application – Forecast for Animal Feed Enzymes Market (Million US$), 2021 – 2026
Figure-27: Application – Textile Enzymes Market (Million US$), 2017 – 2020
Figure-28: Application – Forecast for Textile Enzymes Market (Million US$), 2021 – 2026
Figure-29: Application – Specialty Enzymes Market (Million US$), 2017 – 2020
Figure-30: Application – Forecast for Specialty Enzymes Market (Million US$), 2021 – 2026
Figure-31: North America – Industrial Enzymes Market (Million US$), 2017 – 2020
Figure-32: North America – Forecast for Industrial Enzymes Market (Million US$), 2021 – 2026
Figure-33: Europe – Industrial Enzymes Market (Million US$), 2017 – 2020
Figure-34: Europe – Forecast for Industrial Enzymes Market (Million US$), 2021 – 2026
Figure-35: Asia Pacific – Industrial Enzymes Market (Million US$), 2017 – 2020
Figure-36: Asia Pacific – Forecast for Industrial Enzymes Market (Million US$), 2021 – 2026
Figure-37: Rest of World – Industrial Enzymes Market (Million US$), 2017 – 2020
Figure-38: Rest of World – Forecast for Industrial Enzymes Market (Million US$), 2021 – 2026
Figure-39: BASF SE – Global Revenue (Million US$), 2017 – 2020
Figure-40: BASF SE – Forecast for Global Revenue (Million US$), 2021 – 2026
Figure-41: Advanced Enzyme Technologies – Global Revenue (Million US$), 2017 – 2020
Figure-42: Advanced Enzyme Technologies – Forecast for Global Revenue (Million US$), 2021 – 2026
Figure-43: Novozymes – Global Revenue (Million US$), 2017 – 2020
Figure-44: Novozymes – Forecast for Global Revenue (Million US$), 2021 – 2026
Figure-45: DuPont Danisco – Global Revenue (Million US$), 2017 – 2020
Figure-46: DuPont Danisco – Forecast for Global Revenue (Million US$), 2021 – 2026
Figure-47: DSM – Global Revenue (Million US$), 2017 – 2020
Figure-48: DSM – Forecast for Global Revenue (Million US$), 2021 – 2026
Figure-49: Kerry Group PLC – Global Revenue (Million US$), 2017 – 2020
Figure-50: Kerry Group PLC – Forecast for Global Revenue (Million US$), 2021 – 2026
LIST OF TABLES:
Table-01: Global Industrial Enzymes Market Share by Type (Percent), 2017 – 2020
Table-02: Forecast for – Global Industrial Enzymes Market Share by Type (Percent), 2021 – 2026
Table-03: Global Industrial Enzymes Market Share by Application (Percent), 2017 – 2020
Table-04: Forecast for – Global Industrial Enzymes Market Share by Application (Percent), 2021 – 2026
Table-05: Global Industrial Enzymes Market Share by Source (Percent), 2017 – 2020
Table-06: Forecast for – Global Industrial Enzymes Market Share by Source (Percent), 2021 – 2026
Table-07: Global Industrial Enzymes Market Share by Region (Percent), 2017 – 2020
Table-08: Forecast for – Global Industrial Enzymes Market Share by Region (Percent), 2021 – 2026
Table-01: Global Industrial Enzymes Market Share by Type (Percent), 2017 – 2020
Table-02: Forecast for – Global Industrial Enzymes Market Share by Type (Percent), 2021 – 2026
Table-03: Global Industrial Enzymes Market Share by Application (Percent), 2017 – 2020
Table-04: Forecast for – Global Industrial Enzymes Market Share by Application (Percent), 2021 – 2026
Table-05: Global Industrial Enzymes Market Share by Source (Percent), 2017 – 2020
Table-06: Forecast for – Global Industrial Enzymes Market Share by Source (Percent), 2021 – 2026
Table-07: Global Industrial Enzymes Market Share by Region (Percent), 2017 – 2020
Table-08: Forecast for – Global Industrial Enzymes Market Share by Region (Percent), 2021 – 2026
