Biodiesel Market: Favorable Government Policies Promoting Development of Alternative Feedstock to Fuel Demand for Biodiesel in Emerging Economies

The mounting environmental concerns and the rising need for energy independence have been the key drivers of the global biodiesel market. In a report, titled "Biodiesel Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast, 2014 – 2020," Transparency Market Research takes to analyzing the various factors aiding the market's expansion and those restraining it. Several of the prominent companies in the global biodiesel market have been profiled to present an executive-level blueprint of the prevailing vendor landscape in the market.

The global biodiesel market can be studied on the basis of application, feedstock, and geography. In terms of application, the market is segmented into aircraft, railway, cleaning, railway, and generators. Based on feedstock, waste vegetable oil, animal fat, Jatropha, algae, and others make the key segments in the market. Regionally, the market has been segmented into Asia Pacific, North America, Europe, and Rest of the World.

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Several countries across the globe are involved in the production and usage of biodiesel as a substitute of energy derived from oil and fossil fuel. Governments in these nations have implemented stringent laws and offer lucrative incentives to reduce oil dependency, consequently encouraging the use of renewable energies. Spurred by favorable regulations, the global biodiesel market is likely to exhibit strong growth in the forthcoming years.

Currently, the market is witnessing lucrative opportunities in India, China, and the U.K. The high diesel prices and the increasing number of diesel vehicles have been fuelling demand for biodiesel from these countries. Furthermore, paradigm shift in the market is expected in response to the increasing switch from the existing feedstock efficiency. According to TMR, the growth of algae as a novel source of feedstock is expected in the forthcoming years.

The global biodiesel market is expected to undergo a transitional pace. The market has currently reached a remarkable production capacity in the U.S. and a few European countries but has remained restrained by the lack of inadequate feedstock availability. In India, China, and Brazil, favorable government policies are escalating demand for biodiesels. As governments across these countries continue to support the development of alternative and low-cost feedstock such as algae, vegetable oil, castor, tallow, jatropha, and other sustainable feedstock, strong growth is expected for the biodiesel market. Furthermore, the biodiesel industries in Argentina is booming as well as a result of the rising domestic demand and robust exports for biodiesel.

Some of the leading companies operating in the biodiesel market are Green Earth Fuels of Houston, LLC, American Energy Producer, ACCIONA Energy, Imperium Renewables, China Biodiesel International Holding, Deerfield Energy, Crimson Renewable Energy, Western Dubuque Biodiesel, Delta American Fuel, and others.

Biodiesel Market Advanced technologies & growth opportunities in global Industry by 2020.

Increasing environmental concerns and the need for energy independence have led to the growth of the global biodiesel market. Biodiesel is derivative of the vegetable oils extracted by oil seeds, although waste from animal fats and cooking oil can also be used. The oil is formed by combining methanol or ethanol with fatty acid molecules. Chemically, biodiesel is a mono alkyl ester. Biodiesel can be used in pure form or blended with petroleum diesel at any concentration in most injection pump diesel engine. Biodiesel is commonly produced by the transesterification of the vegetable oil or animal fat feedstock. Biodiesel has excellent lubricating properties and cetane ratings compared to low sulfur diesel fuels.

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Global biodiesel market is segmented on the basis of feedstock, application and geography. Railway, aircraft, heating oil, cleaning and generators are division on the basis of application. On the basis of feedstock, global biodiesel market is divided into animal fat, waste vegetable oil, algae, Jatropha and others. North America, Asia Pacific, Europe and Rest of the world are classification on the basis of geography for global biodiesel market. Across the globe, several countries are involved in the growing production and usage of biodiesel as a substitute energy source to oil and fossil fuel. Governments have implemented laws and policies as incentives to reduce oil dependency consequently increasing the usage of renewable energies. Engine wear, engine performance and fuel viscosity are important factors in the global biodiesel market. Variations in biodiesel energy density are more dependent on the feedstock used than the production process.

The biodiesel market provides huge opportunities in countries such as China, U.K. and India because of huge number of diesel vehicles and high diesel prices. The global biodiesel market is anticipated to face a pattern shift with the growing switch from existing feedstock efficiency. The growth of algae as newer feedstock sources is expected for biodiesel in the upcoming years. Transportation fuels still make up the major share of the biodiesel market. The European Union is the greatest producer of biodiesel with Germany and France being the top producers.

The global biodiesel market is in a period of transitional and rapid growth creating opportunity in upcoming years. The biodiesel markets in Europe and the United States have reached remarkable biodiesel production capacity levels but remain restrained by feedstock availability. In India, Brazil and China, key government policies are creating new opportunities for feedstock development, biodiesel production, feedstock development and export. Governments continue to actively support the development of alternative, sustainable, lower-cost feedstock such as jatropha, algae, castor, vegetable oil, tallow and other sustainable feedstock. Biodiesel industries of Argentina are booming as a result of domestic demand along with strong exports for global biodiesel market.

Some of the advantages of biodiesel over other alternative fuels are the infrastructure of the petroleum economy and ability to work in existing engines among others. Some of the restraint in global biodiesel market is availability of raw material and sudden drop in oil prices. US market is expected to provide significant growth potential for Malaysian biodiesel exports in upcoming years.

Some of the global players in global biodiesel market are Green Earth Fuels of Houston, LLC, ACCIONA Energy, American Energy Producer, China Biodiesel International Holding, Crimson Renewable Energy, Deerfield Energy, Imperium Renewables, Delta American Fuel and Western Dubuque Biodiesel among others.