Biodiesel Market By Global Industry Size, Share, Trends, Opportunity and Forecast 2027 - TechSci Research
Global biodiesel market is expected to grow at a steady CAGR during the forecast period. The global biodiesel market is driven by growing concerns pertaining to greenhouse gases emissions. Moreover, the governments across the globe are taking initiatives in terms of providing subsidies for the increased production of biodiesel, which is positively impacting the growth of market during the forecast period. Furthermore, increasing product demand from end user industries predominantly automotive sector is expected to bolster the growth of market over the next few years. The global biodiesel market is segmented based on feedstock, blend, production technology, application, company, and region. Based on feedstock, the market can be categorized into rapeseed/canola, sunflower, soybean, corn, palm, coconut, animal fats, and others. Out of which, the rapeseed/canola segment dominated the market in 2021 and is expected to maintain its dominance during the forecast period as well, which c...