The Asia Pacific biodiesel market size reached 11.4 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 18.9 Million Tons by 2032, exhibiting a growth rate (CAGR) of 5.6% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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11.4 Million Tons |
Market Forecast in 2032
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18.9 Million Tons |
Market Growth Rate (2024-2032) | 5.6% |
Biodiesel is an alternative fuel produced via the transesterification of recycled cooking oils, vegetable oils and animal fats. It is economical, environment-friendly, non-toxic and carbon-neutral as compared to its counterpart fuels. Moreover, it can be blended with petroleum diesel fuels for being used in diesel engines without modifications. Consequently, biodiesel is used in vehicles, rail transports and aircraft in the Asia Pacific region.
Biodiesel is a biodegradable fuel that minimizes the level of carbon emissions in the environment. With the rising environmental concerns, individuals nowadays are shifting towards clean and renewable sources of energy. This, in confluence with the thriving automotive industry, represents one of the key factors influencing the market growth positively in the Asia Pacific region. Apart from this, the implementation of favorable government policies on the utilization of biodiesel, coupled with the escalating demand for energy, is contributing to the market growth. Moreover, the increasing applications of biodiesel as a heating fuel in domestic and commercial boilers and generators in industries are further stimulating the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific biodiesel market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on feedstock, application, type and production technology.
Breakup by Feedstock:
Breakup by Application:
Breakup by Type:
Breakup by Production Technology:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | Million Tons |
Segment Coverage | Feedstock, Application, Type, Production Technology, Country |
Countries Covered | China, India, Japan, Australia, South Korea, Indonesia, Others |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |