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SOURCE Research and Markets
DUBLIN, October 6, 2017 /PRNewswire/ --
The "Global Biodiesel Market 2017-2021" report has been added to Research and Markets' offering.
The global biodiesel market to grow at a CAGR of 4.57% during the period 2017-2021.
Global Biodiesel Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is Biofuels from spent bleaching earth. In recent years, the use biodiesel is increasing due to its advantages like cost benefits, renewable, clean, and reduced level of pollution. However, on the other hand, the market growth is hampered by its cost of production. To overcome this, manufacturers are trying to adopt strategies such as the use of an efficient catalyst, cheap raw materials, and advanced technologies.
According to the report, one of the major drivers for this market is Increasing demand for biofuels. The global biofuels market is expected to grow at a CAGR of nearly 6% during the forecast period, which will boost the growth of the global biodiesel market. In 2016, the use of biofuels was increased as they reduce carbon emissions and the dependency on fossil fuels. Moreover, their production requires feedstock, which is generally renewable in nature. The use of biofuel is high in agriculture-based economies such as India, China, and Brazil because of the vast area available for feedstock production.
Further, the report states that one of the major factors hindering the growth of this market is High operating costs of biodiesel. Biodiesel is an alternative fuel for automotive engines that are produced by the chemical reaction of raw material, such as vegetable oil or animal fat, with an alcohol such as methanol or ethanol. The chemical reaction is known as transesterification, where short-chain alcohols are esterified to biodiesels. This process involves various production costs; the total cost ranges from $110 to $120 per barrel.
Other prominent vendors
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Type
Part 07: Market Segmentation By Application
Part 08: Geographical Segmentation
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/f5c898/global_biodiesel
Research and Markets
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