(EMAILWIRE.COM, January 27, 2019 ) The report "Biodiesel Market by Feedstock Type (Vegetable Oils (Soybean, Rapeseed, Palm), Animal Fats (Lard/White Grease, Poultry, Tallow), Brown Grease/ Trap Grease), Application (Fuel, Power Generation), and Region - Global Forecast to 2021", published by MarketsandMarkets, the market was USD 32.87 Billion in 2015, and is projected to reach USD 41.18 Billion by 2021, at a CAGR of 3.8%, during 2016 to 2021.

Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=190

The biodiesel market is driven by the increasing demand for biodiesel as a fuel in the automotive, marine, railway, and power generation industries.

The vegetable oils segment is estimated to lead the biodiesel market

Vegetable oils obtained from the feedstock, such as soybean, palm, and rapeseed are used to produce biodiesel. Biodiesel obtained from vegetable oils is preferred across various industries, as it contains less saturated fat that makes it easy to process, thus reducing the overall manufacturing cost. Furthermore, the feedstock required to manufacture vegetable oils is more easily available as compared to animal fats and greases.

The fuel application segment is estimated to lead the biodiesel market

Fuel is estimated to be the leading segment of the biodiesel market, followed by power generation. Biodiesel is preferred as a fuel, as it reduces wear and tear of the engine and ensures complete fuel combustion. Additionally, biodiesel offers better fuel economy over fossil fuels.

Don't miss out on business opportunities in Biodiesel Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=190

The rising demand for biodiesel from Europe is expected to be a key factor expected to drive the growth of biodiesel market in the region

Europe is estimated to be the leading market for biodiesel. Germany is estimated to the largest market, while Italy is projected to be the fastest-growing market for biodiesel during the forecast period. The increasing demand from the automotive industry and government initiatives to reduce greenhouse gas emissions is expected to drive the biodiesel market in these countries.

The key companies profiled in the Biodiesel Market research report are Archer Daniels Midland Company (U.S.), Wilmar International Limited (Malaysia), Bunge Limited (U.S.), Neste Corporation (Finland), Renewable Energy Group Inc. (U.S.), Louis Dreyfus Company (Netherlands), Cargill Inc. (U.S.), BIOX Corporation (Canada), Munzer Bioindustrie (Austria), and TerraVia Holdings Inc. (U.S.).

Request for free customization of report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=190

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.