Biodiesel Market Research
Biodiesel refers to a diesel-equivalent, processed fuel derived from biological sources such as vegetable oils, etc; which can be used in unmodified diesel engine vehicles. It is thus distinguished from the straight vegetable oils (SVO) or waste vegetable oils (WVO) used as fuels in some modified diesel vehicles.
Biodiesel was amongst the first of the alternative fuels to really become known to the public, with its advantage being that it can be used in existing vehicles with little or no adaptation necessary.
Thus, a new wave of biodiesel seems to be approaching the world energy markets in the coming years. It is anticipated that, spurred by innovations in feedstocks such as waste grease, algae, and jatropha, biodiesel revenues will increase to $71.0 billion worldwide by 2020, up from $18.4 billion in 2010. The world market value of biodiesel is expected to reach 62 billion dollar by the year 2015 with a production of 26 billion gallons.
The Biodiesel market research report attempts to provide a comprehensive view of the global biodiesel market. The research analyzes key trends, major issues and growth opportunities in the global biodiesel market. Market share by production capacity, elaborate profiling of major industry participants and information on major present and upcoming production facilities provide insight into the competitive scenario in the global biodiesel industry.