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EUROPE ADVANCED BIODIESEL MARKET ANALYSIS (2019-2027)

Demand for advanced biodiesel is expected to increase over the forecast period, owing to rising investments by the European countries for second generation biofuel technology and research activities.

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EUROPE ADVANCED BIODIESEL MARKET ANALYSIS (2019-2027)

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. EUROPE ADVANCED BIODIESEL MARKET ANALYSIS • Europe Advanced Biodiesel Market, by Raw Material (Trap Grease & Brown Grease, Yellow Grease, Algae, Agriculture & Forest Residue, Municipal Solid Wastes (MSWs), and Others), by End-use Industry (Transportation (Automotive, Aviation, and Marine), Power Generation, and Others), and by Country (U.K., Germany, France, Italy, Spain, Austria, Belgium, Poland, Russia, Czech Republic, and Rest of Europe) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. Europe Advanced Biodiesel Market 2017-2027 Definition of Market/Industry: Biofuels are the fuels produced from bio based feedstock such as agricultural residues, forest residues or municipal solid wastes. Biofuels are classified into first generation biofuels and second generation biofuels depending on feedstock and method of production. First generation biofuels are produced from raw materials such as sugar and vegetable oils. On the other hand, second generation biofuels are called as advanced biofuels and these advanced biofuels are derived from non-food biomass. Statistics: The Europe advanced biodiesel market was valued at US$ 6,801.8 Mn in 2018, and is expected to reach US$ 20,288.8 Mn by the end of 2027, exhibiting a CAGR of 13.8 % during the forecast period (2019-2027).

  4. Drivers: Rising awareness about depletion of fossil fuels and sustainable use of energy resources coupled with increasing governmental initiatives in Europe towards increasing use of renewable energy resources are expected to boost demand of advanced biodiesel in Europe. For instance, the European Renewable Energy Directive 2009/28/EC established a framework for promotion of renewable energy sources, setting mandatory targets for achieving 20% of renewable energy in the gross final energy consumption by 2020. Statistics: Among end-use industry, transportation segment held a dominant position in the Europe advanced biodiesel market in 2018, accounting for 71% share in terms of value.

  5. Figure 1. Europe Advanced Biodiesel Market Share (%), By End-use Industry, 2018

  6. Market Opportunities Rising demand for advanced biodiesel from marine and aviation industry are expected to offer growth opportunities to market players operating in Europe advanced biodiesel market over the forecast period. For instance, according to report, ‘Biofuels for Aviation Technology Brief’ published on January 2017, by International Renewable Energy Agency (IRENA), 2014, global consumption of jet fuel was 5.4 million barrels/day (314 billion liters/year) in 2014, and demand for jet-fuel is expected to increase to 9 million barrels/day (522 billion liters/year) by 2040. Market Trends/Key Takeaways Key players operating in Europe advanced biodiesel market are focused on developing innovative technologies for production of high quality advanced biodiesel using various raw materials. For instance, in November 2017, Austria-based biodiesel company ‘BDI- Bioenergy International GmbH’ launched new Styrian technology in the European biodiesel market. This new technology converts wood waste and straw into high quality biodiesel.

  7. Figure 2. Europe advanced biodiesel market Share (%), By Raw Material, 2018 Based on raw materials, Yellow Grease segment accounted for the largest revenue share of ~74% in terms of value in 2018.

  8. Competitive Section: • Company Names  • Argent Energy (UK) Limited • BDI-BioEnergy International GmbH • Biocom Energia, S.L. • Renewable Energy Group, Inc. • Olleco • Abengoa S.A. • Royal Dutch Shell plc • Archer Daniels Midland Company • Bio-Oils Energy S.A • MünzerBioindustrie GmbH

  9. Few Recent Developments • Archer Daniels Midland Company (ADM) • ADM initially held 19.0% share of Wilmar International Ltd. in 2015. Furthermore, ADM acquired additional shares of Willmar International Ltd. in 2016 and 2017, which in turn increased ADM’s ownership interest to 20.0% in March 2016, 22.0% in June 2016, 23.2% in September 2016, and 23.9% in January 2017.   • Wilmar is one of the leading companies in Asia engaged in the businesses of oil palm cultivation, oilseeds crushing, edible oil’s refining, biodiesel manufacturing, sugar milling and refining, specialty fats, oleo chemicals, fertilizer manufacturing, and grains processing. Therefore acquiring additional shares of Wimar is expected to strengthen ADM’s market position in the advanced biodiesel industry. • MünzerBioindustrie GmbH • In September 2016, the wholly-owned subsidiary of MünzerBioindustrie GmbH, named Münzer Bharat Private Limited, was established in Navi Mumbai, India. The subsidiary is expected to build a collection system and treatment facility for used cooking oil for production of biodiesel. This is expected to strengthen company’s presence in India. • Furthermore, in 2019, the company commissioned and inaugurated its 100% waste-derived biodiesel facility in Navi Mumbai, India. This facility is expected to possess a production capacity of 3,000 tons per year.

  10. Request Sample Report • Request Customization • Download PDF brochure • Talk To Analyst • Buy Now • Reference: https://www.coherentmarketinsights.com/market-insight/europe-advanced-biodiesel-market-3370

  11. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: Customized Market Research Services Industry Analysis Services Business Consulting Services Market Intelligence Services Long term Engagement Model Country Specific Analysis

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