According to IMARC Group’s latest report, titled “Europe Biodiesel Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is expected to exhibit moderate growth during 2021-2026. Biodiesel, also known as B100 or green diesel, is a biodegradable, renewable fuel that is manufactured domestically from animal fats or vegetable oils. It is a clean fuel, which is non-toxic, carbon-neutral, environmentally friendly, and cost-effective in nature. The properties of biodiesel are similar to petroleum diesel and can be used in existing vehicles without the need for engine modification. As a result, it is extensively used across the marine, automotive, railway, mining, and agriculture sectors.
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The increasing environmental consciousness and the initiatives undertaken by the governments of various nations across the region to facilitate the use of renewable energy are prime factors driving the market growth in Europe. The significant expansion of the automotive sector is acting as another major growth-inducing factor. Additionally, the introduction of the third generation of biofuels made using algae and extensive research and development (RD) activities are creating a positive outlook for the market. Looking forward, IMARC Group expects the Europe biodiesel market to continue its robust growth during the forecast period (2021-2026).
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Breakup by Feedstock:
- Vegetable Oils
- Animal Fats
Breakup by Application:
- Power Generation
Breakup by Type:
Breakup by Production Technology:
- Conventional Alcohol Trans-esterification
- Hydro Heating
Breakup by Country:
- United Kingdom
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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