Leading market research firm IMARC Group has released a report titled “Europe Biodiesel Market Report: Feedstock (Vegetable Oils, Animal Fats, and Others), Application (Fuel, Power Generation, and Others), Type (B100, B20, B10, B5), Production Technology (Conventional Alcohol Trans-esterification, Pyrolysis, Hydro Heating), and Country.” In-depth industry analysis is provided by the report, along with growth projections, trends, and market size and share for biodiesel in Europe. Along with highlighting the most recent developments in the industry, the report provides competitor and regional analysis.
How Much Does Europe’s Biodiesel Market Cost?
In 2023, the European biodiesel market was valued at US$ 12.9 billion. With a growth rate (CAGR) of 5.15% from 2024 to 2032, the IMARC Group projects that the market will reach US$ 20.6 billion by that time.
What is the market for biodiesel in Europe?
Because governments are placing more emphasis on lowering carbon emissions and supporting sustainable energy sources, the biodiesel market in Europe is expanding significantly. Regional market growth is primarily being driven by European Union directives and strict regulations requiring the addition of biofuels to transportation fuels.
In addition, another important factor driving growth is the growing availability of feedstock for biodiesel production, such as vegetable oils, animal fats, recycled cooking oils, etc. The growing demand for renewable energy sources in the transportation sector, especially in Germany, France, and the UK, is also contributing to the expansion of the biodiesel market in Europe.
Europe Biodiesel 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
Market Trends for Biodiesel in Europe:
Biodiesel.
Technological developments in production processes and the creation of next-generation biodiesels, like hydrotreated vegetable oil (HVO), are emerging trends in the European biodiesel market. These developments are improving biodiesel’s effectiveness and environmental performance, making it a more appealing choice for businesses and consumers alike. The regional market is also being driven by the increasing emphasis on the circular economy, which uses waste materials as feedstock to promote sustainability and lessen environmental impact.
The market is expanding as a result of rising investments in R&D to lower production costs and enhance biodiesel quality. Accordingly, over the course of the forecast period, government policies, technological advancements, and consumers’ growing preference for sustainable energy solutions are anticipated to drive the regional market.