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atulpmrApril 29, 2021
PMR’s published report titled
‘Biodiesel Market: Global Industry Analysis 2013–2017 and Forecast 2018–2026’ examines the biodiesel market and offers vital market insights for the next eight years. According to PMR analysis, the global consumption of biodiesel is estimated to be valued at US$ 28.9 Bn by the end of 2018 and is expected to register a 3.1% CAGR over the period, 2018–2026. This report on the biodiesel market divulges the demand and its break-up on the basis of feedstock and application.
Biodiesel Market: Dynamics
The demand for biodiesel around the globe has witnessed significant growth in the recent past, owing to the increasing energy needs, rising crude oil prices and growing demand for clean and renewable sources of energy. Along with this, growth of the automotive industry and increasing vehicle parc are the key factors driving the demand for fuel, globally. However, the use of diesel fueled vehicles results in the emission