The global biodiesel market was valued at US$ 33,748.2 Mn in 2016, and is projected to register CAGR of over 4% from 2017 to 2026. The vegetable oil segment in the global biodiesel market is estimated to account for majority revenue share of 84.6% by end of five years.
Global Biodiesel Market Segments Analysis: Analysis by Feedstock Type:
On the basis of feedstock type, the market is segmented into, vegetable oil and animal fat.
Analysis by application:
Among the three application segments, fuel, power generation, and others, the fuel segment is expected to dominate with revenue share of over 60%, and is expected to continue its dominance by registering highest CARG during the forecast period.
Analysis by region:
Europe market accounts for highest market share in terms of revenue contribution in the global biodiesel market, and projected growth rate between 2016 – 2026 for Europe market is expected to be 1.6X