Biodiesel is the only form of renewable fuel that can be utilized across all energy segments namely electricity, heat and transportation which is one of the major contributing factors in the growth of the Biodiesel Market. Increasing awareness regarding depleting non renewable energy sources and the need to integrate renewable energy sources has also contributed significantly to the increasing demand in the Biodiesel Market.
The changes observed in terms of strategy creation and execution are changing the growth pace of the market. The gaps in the market are filled due to the implementation of proper supply chain strategies. Furthermore, the development of new products and services will add further incentive to the market growth. The setting for growth plans is fortified the market for Potential new entrants. The improvement in the products and services is the chief factor escalating the market’s productivity and controlling the trends that are acquiring prominence in the market. The external outlook that are inspiring the market expansion which is dependent on the practices and the strategic roadmaps used by market competitors.
Some of the key players in the Biodiesel Market are Enerkem among few ,INEOS New Planet BioEnergy, Canergy LLC, Abengoa bioenergy, Amyris, Poet-DSM Advanced Biofuels LLC.
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- Biodiesel manufacturers
- Biodiesel Suppliers
- Research and Development (R&D) Companies
Global Biodiesel Market – Segmentation
The MRFR analysis is segmented into three key dynamics for the convenience of understanding;
- Cellulosic ethanol
- Off-grid Electricity Supply
- North America
Regional Analysis of Biodiesel Market:
North America is expected to dominate the biodiesel market mainly due to the favorable government regulations. The integration of biofuels is expected to increase in the North American region providing the market with scope for further growth. Europe and Asia-Pacific are the other major regions for the Biodiesel market due to boost in the manufacturing sector in these regions.
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Industry/ Innovation/ Related News
December, 2018 – Volkswagen (Germany), an Automaker company announced the availability of its new biodiesel – R33 BlueDiesel at Volkswagen’s filling stations in Wolfsburg. Volkswagen had been testing its newly developed BlueDiesel since January 2018, at its in-house filling station in Wolfsburg.
The R33 BlueDiesel enables CO2 savings of at least 20% compared to conventional diesel and consists of up to one-third of renewable fuel components. The new fuel was jointly developed by Volkswagen, the Coburg University and other project partners and it complies with the diesel standard DIN EN 590 and fulfills all criteria for use as a standard fuel.
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