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 is a renewable and sustainable energy source that is made from vegetable oils, animal fats, and recycled cooking oils. It is considered a cleaner and more sustainable alternative to traditional diesel fuel, with significantly lower greenhouse gas (GHG) emissions. Consequently, biodiesel finds extensive applications in a wide variety of industries, such as transportation, power generation, and agriculture.
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Europe Biodiesel Market Trends:
The rise in the demand for sustainable and renewable energy sources represents one of the key factors driving the market growth in Europe. In line with this, rising environmental consciousness is driving the market growth. Moreover, the increasing demand for renewable fuels and the rising awareness among consumers regarding the environmental benefits of biodiesel are acting as major growth-inducing factors. The market is also being driven by the favorable government initiatives, which is facilitating the widespread adoption of biodiesel across industries. In addition to this, the high compatibility of biodiesel with diesel engines and the rapidly depleting reserves of fossil fuels and oil are contributing to the market growth. Other factors, such as the increasing usage of renewable energy sources, significant technological advancements, and the rising concerns regarding air pollution and climate change, are creating a positive outlook for the market further across the European region.
Key Market Segmentation:
The report has categorized the market based on feedstock, application, type and production technology.
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
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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