Europe Biodiesel Market Size, Growth, Scope and Forecast 2026
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 (R&D) 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.
Market Segmentation:
Breakup by Feedstock:
- Vegetable
Oils
- Animal
Fats
- Others
Breakup by Application:
- Fuel
- Power
Generation
- Others
Breakup by Type:
- B100
- B20
- B10
- B5
Breakup by Production
Technology:
- Conventional
Alcohol Trans-esterification
- Pyrolysis
- Hydro
Heating
Breakup by Country:
- Germany
- France
- United
Kingdom
- Italy
- Spain
- Others
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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.
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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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