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Biodiesel Market Size
- Report ID: GMI8262
- Published Date: Feb 2024
- Report Format: PDF
Biodiesel Market Size
Biodiesel Market was valued at USD 35.5 billion in 2023 and is predicted to register a CAGR of over 7.2% between 2024 and 2032, due to the confluence of environmental concerns, renewable energy initiatives, and a shift towards sustainable fuel alternatives. This momentum is fostering investment in biodiesel production infrastructure, fostering a robust and dynamic market poised for continued growth in the transition towards more sustainable energy solutions.
Many countries in the are shifting their focus toward the use of biofuels and are mapping various strategies. For instance, in the United States, the Sustainable Aviation Challenge sets a goal for the airline industry to use 11 billion litres of sustainable aviation fuel (SAF) by 2030 equivalent to 15% of current jet fuel demand. It will support this government to work on a SAF tax credit linked to GHG intensity.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Biodiesel Market Size in 2023: | USD 35.5 Billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 7.2% |
| 2024 – 2032 Value Projection: | USD 63.2 Billion |
| Historical Data for: | 2019 – 2023 |
| No. of Pages: | 350 |
| Tables, Charts & Figures: | 284 |
| Segments covered: | Feedstock, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Biodiesel Market Scope
