"Biodiesel Market Report to 2030" Global Industry Size, Growth & Forecast
According to ChemAnalyst report, “ Global Biodiesel Market : Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global biodiesel market demand stood at 25 Million Tonnes in 2020 and is forecast to reach 48.02 Million Tonnes by 2030, growing at a healthy CAGR of 6.75% until 2030. Lesser greenhouse gas emissions associated with biodiesel along with its biodegradable nature and the growing need for replacing fossil fuel with renewable fuel is projected to drive the demand of biodiesel for the forecast period. Moreover, increasing population and subsequent urbanization is also a propelling factor supporting demand growth of biodiesel during the forecast period. Additionally, government support for replacement of fossil fuels with biofuels which have lesser greenhouse emissions is another factor fueling demand growth for bi...