The biodiesel market is expected to reach US$ 104.32 Billion by 2032.
The biodiesel market is expected grow at a CAGR of 8.3% between 2023 to 2032.
The biodiesel market was estimated to be US$ 47 Billion in 2022.
Government policies and regulations promoting renewable energy and reducing carbon emissions have been key drivers of the global biodiesel market.
The automotive sector is the largest end-user segment for biodiesel, driving its market growth and contributing to a more sustainable transportation sector globally.
Increasing concerns about reducing carbon emissions, improving energy security, and promoting sustainable transportation have bolstered the demand for biodiesel in North America.
Archer Daniels Midland Company (United States), BIOX Corporation (Canada), Bunge Limited (United States), Cargill, Incorporated (United States), Crown Iron Works Company (United States), Delek US Holdings, Inc. (United States), ECO Erneuerbare Energien GmbH (Germany), Green Plains Inc. (United States), INEOS Group Holdings S.A. (Switzerland), Louis Dreyfus Company (Netherlands), Neste Corporation (Finland), Renewable Energy Group, Inc. (United States), Royal Dutch Shell plc (Netherlands/United Kingdom), TerraVia Holdings, Inc. (United States), Wilmar International Limited (Singapore) among others, are the leading players in the biodiesel market.
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