According to the latest report by IMARC Group, titled “India Biodiesel Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the india biodiesel market is currently witnessing strong growth and is expected to continue its strong growth during the forecast period (2020-2025).
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Biodiesel is a renewable, clean-burning fuel produced by transesterification of vegetable oils, animal fat, used cooking oil, etc. It is non-toxic, cost-effective, carbon-neutral, and biodegradable, as compared to conventional sources of fuels. As a result, biodiesel finds widespread applications across several sectors, such as automotive, aviation, marine, mining, power generation, etc. Moreover, biodiesel exhibits lubricating properties that help in the lubrication of engines and adds to engine life. Hence, it is also combined with petroleum diesel to be used in compression ignition engines.
Inflating prices of petroleum products, along with the rising environmental concerns, are primarily driving the demand for biodiesel in the automobile sector of India. Moreover, the growing focus on sustainable development practices is also augmenting the growth of the market. Furthermore, as biodiesel does not degrade air quality, enhances energy security and provides various safety benefits, it is widely utilized to power underground mining equipment and machinery. Besides this, the rising energy demand, along with the increasing utilization of biodiesel as a heating fuel in both commercial and domestic boilers, is anticipated to further propel the India biodiesel market in the coming years.
India Biodiesel Market 2020-2025 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the india biodiesel market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the india biodiesel market on the basis of feedstock, application, type, production technology and region.
Breakup by Feedstock:
- Vegetable Oils
- Animal Fats
Breakup by Application:
- Power Generation
Breakup by Type:
Breakup by Production Technology:
- Conventional Alcohol Trans-esterification
- Hydro Heating
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/india-biodiesel-market
Key highlights of the report:
- Market Performance (2014-2019)
- Market Outlook (2020-2025)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- 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.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, 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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