The
global biodiesel market has registered exponential growth between
2001 and 2010. The market will continue to exhibit healthy growth
through the next few years, albeit at a moderate pace. Governments
supporting energy independence have pushed the global biodiesel
market ahead, especially in the European region. This report
identifies policy measures that have supported the expansion of the
biodiesel industry, while also offering insights into restraining
factors.
The
report comprises a historical as well as forward-looking analysis of
milestone technological developments in the market and their impact
on its future growth course. Using Porter’s five forces model
analysis and company profiles, the report offers a complete overview
of the future competitive landscape from the standpoint of
manufacturers, suppliers, and threat from new entrants. The value
chain of the global biodiesel market has been analyzed in detail so
as to identify opportunities and areas of growth therein.
Overview
of the biodiesel market
Clean
fuels have garnered considerable interest worldwide because nations
are making strides toward energy sufficiency – this entails making
higher investments in alternative fuels and reducing dependence on
non-renewable ones. Biodiesel fits this agenda as it is a clean
burning fuel that can be produced from renewable resources. The
biodiesel market is thus poised for consistent growth over the next
few years. Biodiesel’s attributes – sustainability, domestic
production abilities, compliance with quality standards, and
efficient replacement of diesel – all make it an ideal choice.
Biodiesel
is a fuel that does not contain petroleum. Also, it can be combined
with petroleum diesel at any level to form a biodiesel mix. In the
face of instable petroleum supply and the resultant volatility in
prices, biodiesel is emerging as one of the most preferred
alternative fuels.
A
number of policy-level changes in leading economies have worked in
favor of the global biodiesel market. In the United States, for
instance, the Renewable Fuel Standard 2 or the RFS, has impelled the
biodiesel market. In China too, the government has introduced a
stimulus package for vehicles operating on alternative fuels. This
will benefit not just the biodiesel market in China, but other types
of biofuels too. These initiatives are significant because China is
the largest automobile market in the world.
On
the other hand, in countries such as Germany, biodiesel is subjected
to a number of taxes, causing a spike in prices and forcing consumers
to turn to other fuel types. From the global perspective, this impact
could be dampened to some extent by the opportunities for biodiesel
investments are being created in Canada and Spain.
The
growth objectives of the biodiesel market could be marred because of
factors such as deforestation and political instability. The highest
demand in the biodiesel market can currently be seen in North America
and Europe, whereas Asia Pacific is catching up on account of its
massive palm oil production capacity.
Companies
mentioned in the global biodiesel market
The
global biodiesel market research report profiles leading competitors
that include: Green Earth Fuels of Houston, LLC (U.S.), OXEM (Italy),
ACCIONA Energy (Spain), Biopetrol Rostock GmbH (Germany), and
Meroco(Slovakia).
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