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Home>Global Biodiesel Market - Europe is the Largest Producer and Consumer | Technavio

Global Biodiesel Market - Europe is the Largest Producer and Consumer | Technavio

Global Biodiesel Market - Europe is the Largest Producer and Consumer | Technavio

09/29/2017

Global Biodiesel Market - Europe is the Largest Producer and Consumer | Technavio

The global biodiesel market is expected to grow at a CAGR of around 5% during the forecast period, according to Technavio’s latest report.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170929005265/en/

Technavio has published a new report on the global biodiesel market from 2017-2021. (Photo: Business ...

Technavio has published a new report on the global biodiesel market from 2017-2021. (Photo: Business Wire)

In this report, Technavio covers the market outlook and growth prospects of the global biodiesel market for 2017-2021. The market is segmented based on type, which includes vegetable oil and animal fat, and application, which includes transport fuel and power generation.

Biodiesel products are used in many end-user industries such as automotive, power generation, marine, railway, agriculture, and mining. These end-users are heavily dependent on biodiesel, which make it more useful in the global market. Some of the major applications of biodiesel are fuel, power generation, industrial solvent, and lubricating agent. Biodiesel is being used to decrease the emission of greenhouse gases. The increasing use of biodiesel across these industries is expected to drive the market during the forecast period.

Technavio’s chemicals and materials research analysts categorize the global biodiesel market into the following segments by regions:

  • Europe
  • North America
  • South America
  • APAC
  • ROW

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