Reports and Data estimates the global Biodiesel competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2019-2028 as the forecast period. The report offers CAGR and market size for the global Biodiesel during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include KLK Oleo, Cargill Inc., Archer Daniels Midland Company (ADM), BASF S.E., Wilmar International Limited, P&G Chemicals, Emery Oleochemicals Group, Longyan Zhuoyue New Energy Co. Ltd., Alnor Oil Company Inc., Berg + Schmidt, Evonik Industries, and Biofuels Corporation, among others.

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Biodiesel Overview :-

The Biodiesel market is projected to grow at a rate of 5.3% in terms of value, from USD 20.54 Billion in 2020 to reach USD 30.51 Billion by 2028. Fatty Acid Methyl Esters (FAME) are necessarily esters of saturated or unsaturated fatty acids (carboxylic acid) condensed with methanol (using a base like sodium hydroxide and potassium hydroxide) and is produced from animal fats, vegetable oils, or waste cooking oils by the process of transesterification (such as Fischer esterification). The physical properties of fatty acid esters are much similar to those of fossil fuels, particularly the conventional diesel than pure vegetable oils. FAME is also non-toxic and biodegradable. A combination of different fatty acid methyl esters is commonly referred to as biodiesel, which is an alternative renewable fuel. Properties of biodiesel are a little different from those of fossil fuel-derived diesel, and for correct low-temperature behavior and for slowing down the oxidation processes, biodiesel requires a separate set of additives than fossil diesel. Impurities, such as metals, in FAME must be restrained in the application as a motor fuel.

The market for biodiesel is anticipated to witness strong growth globally over the coming years, mainly due to its rising demand in biodiesel. FAME is preferred mostly over conventional diesel on account of its properties, such as lower toxic emissions. FAME is widely used in the food industry as a thickening and emulsifying agent. The growth food industry worldwide is expected to assist the market growth. FAME is being commonly used in solvent applications as a green solvent since it contains low VOC along with being readily biodegradable.

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For the purpose of this report Reports and Data has segmented global Biodiesel market on the basis of type, application, and region:

Type Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

·       Rapeseed Methyl Ester

·       Soy Methyl Ester

·       Palm Oil Methyl Ester

·       Others

Product Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

·       Glyceryl Monostearate

·       Medium Chain Triglycerides

·       Polyol Esters

·       Glycol Esters

·       Isopropyl Palmitate

·       Sucrose Esters

Application Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

·       Fuel

·       Lubricants

·       Metal Working Fluid

·       Food & Agriculture

·       Coatings

·       Others

Key Regional Markets Covered in the Report:

·       North America (U.S.A., Canada, Mexico)

·       Europe (Italy, U.K., Germany, France, Rest of Europe)

·       Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)

·       Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

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 Key Questions answered by the Report:

·       What is the expected year-on-year growth of the Biodiesel during the forecast period?

·       What key trends are expected influence revenue growth of the market going ahead?

·       Which region is expected to account for largest revenue share over the forecast period?

·       Which key companies are profiled in the report?

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