Biodiesel is a type of fuel for diesel engines produced from vegetable oils and animal fats. It is preferred over conventional diesel due to various advantages like biodegradability, less toxicity, and reduced greenhouse emissions. Biodiesel catalysts are used in transesterification process to produce biodiesel fuel. Catalysts like sodium hydroxide and potassium hydroxide help in converting triglycerides present in oils and fats into fatty acid methyl esters known as biodiesel.

The global Biodiesel Catalyst Market is estimated to be valued at US$ 272million in 2023 and is expected to exhibit a CAGR of 24% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increased adoption of renewable fuel standards across various countries is driving the growth of the global biodiesel catalyst market. Stringent environmental regulations are promoting the use of biodiesel as an alternative diesel fuel with lower carbon footprint as compared to fossil fuels. Many countries have adopted biodiesel blending mandates wherein a certain percentage of biodiesel is required to be blended with conventional diesel. This is increasing the demand for biodiesel production and subsequent need for catalysts used in transesterification process. Growing awareness about carbon emission reduction and focus on sustainable development are further propelling the biodiesel catalyst market.

Segment Analysis

The global biodiesel catalyst market is dominated by the heterogeneous catalyst segment. Heterogeneous biodiesel catalysts are widely used owing to their easy separation from the final product without leaving any residue. This allows for cleaner biodiesel production and eliminates the need for additional waste treatment. The heterogeneous catalyst segment is expected to continue dominating the market during the forecast period due to better yield and easier recyclability.

Key Takeaways

The Global Biodiesel Catalyst Market Size is expected to witness high growth during the forecast period of 2024 to 2031.

Regional analysis shows that Europe accounts for the largest share currently due to stringent emissions norms. However, Asia Pacific is poised to grow at the fastest rate due to a rapidly expanding biodiesel industry, especially in countries like China and India.

Key players operating in the biodiesel catalyst market include Evonik, BASF, DuPont, Camera, Sud-Chemie, TSS Group, and Albemarle. Evonik is one of the leading suppliers of heterogeneous biodiesel catalysts globally. BASF offers bio-based catalysts for biodiesel production using heterogeneous catalysis technology.

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