During the past
decade, biodiesel has attracted considerable attention as a non-toxic fuel
because of its environmental benefits and because it is made from sources such
as vegetable oil and animal fat. However, still it hasn’t been able to garner
the market to its full potential. The growth of the Global Biodiesel market is
primarily dependent on the availability, quality, and yield of feedstock
because the source material accounts for more than 80 percent of the cost of
biodiesel production.
Analysts forecast
the Global Biodiesel
market will grow at a CAGR of
8.1 percent over the period 2013-2018.
The Report
recognizes the following companies as the key players in the Global Biodiesel
Market: Cosan, Diester Industrie, INEOS, Neste Oil and Renewable Energy Group
One emerging trend
in the market is the need to comply with environmental regulations. Many
investors worldwide are investing in the market because biodiesel is a clean
fuel. Biodiesel is gaining importance as a non-toxic and carbon-neutral fuel
across the world. According to the EPA, it reduces greenhouse gas emissions by
57-86 percent compared to gasoline and diesel. Biodiesel is the only
alternative fuel to comply with the EPA’s rigorous emissions and health effects
study under the Clean Air Act. The environmental targets set by various
countries to control carbon dioxide emissions are promoting the adoption of
alternative fuel technologies. Biodiesel successfully passes the criteria for
lower emissions and a reduced carbon footprint not only in the US, but in all
other parts of the world.
Covered in this Report
Global Biodiesel
Market 2014-2018, has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers the Americas and the EMEA and
APAC regions; it also covers the Global Biodiesel market landscape and its
growth prospects in the coming years. The report also includes a discussion of
the key vendors operating in this market.
According to the
report, one prominent driver in this market is the advantage of using biodiesel
over diesel. The market is in need of a clean source of energy, and biodiesel
is seen as an ideal alternative because it reduces greenhouse gas emissions and
carbon footprints. Also, many countries have taken initiatives to promote
renewable fuels, which will have a positive influence on the demand for biodiesel
in the Transportation and Commercial sectors.
Further, the report
states that one of the major challenges in this market is the threat to food
security. Many farmers are starting to cultivate feedstock for biodiesel over
other agricultural commodity, which is resulting in a major hike in food
prices.
