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Global Biodiesel Market

Global Biodiesel Market size was valued at USD 40 billion in 2021 and is poised to grow from USD 42.69 billion in 2022 to USD 64.27 billion by 2030, growing at a CAGR of 5.25% in the forecast period (2023-2030).

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Global Biodiesel Market

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  1. Global Biodiesel Market Size, Share, Growth Analysis, By Feedstock, By Application - Industry Forecast 2023-2030 Global Biodiesel Market size was valued at USD 40 billion in 2021 and is poised to grow from USD 42.69 billion in 2022 to USD 64.27 billion by 2030, growing at a CAGR of 5.25% in the forecast period (2023-2030). Increasing demand for biodiesel to replace traditional fossil fuels in power generation and automotive applications is projected to bring an extensive growth in the global biodiesel market. The growing demand for environment friendly fuels that ensure complete combustion and can help to reduce greenhouse gas emissions is another major factor likely to have a positive impact on the market. Also, government aid like subsidies and imposing mandates indicates a continuous growth of the market.

  2. In 2021, the demand for biodiesel declined to 39.5M tonnes after five years of solid growth, mainly a result of reduced transport activities during the pandemic. However, in 2021, global consumption of biodiesel started to recover robustly. Despite the low prices for conventional types of fuel, the global energy market is striving to adhere to the Paris Agreement by reducing greenhouse gas emissions and shifting towards using sustainable forms of energy, which is likely to promote the use of biodiesel across the globe. View more info:https://www.skyquestt.com/report/biodiesel- market Top Players Company Profiles Neste Corporation Archer Daniels Midland Company Cargill, Incorporated Wilmar International Limited Renewable Energy Group, Inc. Louis Dreyfus Company Bunge Limited BIOX Corporation Royal Dutch Shell plc TotalEnergies BASF SE Evonik Industries AG

  3. Dow Inc. DuPont de Nemours, Inc. Novozymes A/S Eni S.p.A. Sinopec Corp. Mitsubishi Chemical Holdings Corporation Chemrez Technologies, Inc. Crown Iron Works Company About Us: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally. Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA (+1) 617-230-0741 Email: sales@skyquestt.com Tags: Global Biodiesel Market Size Global Biodiesel Market Share Global Biodiesel Market Global Biofuel Market

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