Scope of the Study
Biodiesel refers to a vegetable oil or animal fat-based diesel fuel consisting of long-chain alkyl esters. Pure biodiesel is also called B100, typically used as a blendstock to produce lower blends. Government initiatives for the use of eco-friendly energy resources and due to the renewable and bio-degradable property of the biodiesel driving the demand for the pure biodiesel. The pure biodiesel used as a replacement for the distillate fuel oil in electricity generation.
The market study is being classified, by Application (Industrial Fuels, Chemical Industry and Others) and major geographies with country level break-up.
Neste Oil Rotterdam (Finland), ADM (United States), Cargill (United States), Glencore (Switzerland), Louis Dreyfus (Indonesia), Renewable Energy Group (United States), RBF Port Neches (United States), AG Processing (United States) and Marathon Petroleum Corporation (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Minnesota Soybean Processors (United States) and Caramuru (Brazil).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Pure Biodiesel market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Pure Biodiesel market by Type, Application and Region.
On the basis of geography, the market of Pure Biodiesel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Government Initiatives for the Use of Eco-friendly Energy Resources
- Growing Concern Related to Environment
- Pure Biodiesel Replacement for the Distillate Fuel Oil Used in Electricity Generation
- More Expensive than Other Diesel
- The Growth in the Demand for Pure Biodiesel due to Renewable and Bio-degradable Property
- Demand from Original Equipment Manufacturer
- Less Energy on a Volumetric Basis as Compared to Other
- Issues Faced by Automobiles such as Clogging
Market Leaders and their expansionary development strategies
In May 2018, Pegasus Capital Advisors have sold their equity interests in Pure Biofuels Del Peru, SAC ("PBF") to a subsidiary of Valero Energy Corporation. PBF, as the third-largest fuel importer in Peru, maintains a leading supply platform with a base of over 500 customers, including retailers, miners, and airlines.
Key Target AudienceBiodiesel manufacturing companies, Traders, distributors, and retailers, Raw material suppliers, Research and Development Institutet and Government Agencies
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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