Biodiesel Market Expected To Witness Growth At 7.3% CAGR By 2025: Grand View Research Inc.
San Francisco, 9 December 2019: The Report Biodiesel Market Analysis By Feedstock [Vegetable Oils (Canola Oil, Soybean Oil, Palm Oil, Corn Oil), Animal Fats (Poultry, Tallow, White Grease)], By Application (Fuel, Power Generation), And Segment Forecasts, 2018 – 2025 The global biodiesel market is expected to reach USD 54.8 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness growth at 7.3% CAGR owing to Increasing demand for biodiesel as automobile fuel owing to their environment friendly characteristic to mitigate greenhouse gas emission is expected to propel industry growth. The industry is characterized by the presence of several players, with the majority of them are established in the Europe and North America. The industry is undersupplied in the majority of the regions owing to the insufficient production capacities as compared to the demand. The industry players are adopting integration strategies in order to