Europe Advanced Biodiesel Market Share 2022, Price, Growth, Trends and Future Dynamics Forecast 2028

 

The advanced biodiesel market in Europe is growing steadily, driven by the increasing demand for clean and sustainable energy sources. Biodiesel is a renewable fuel made from vegetable oils, animal fats, or recycled cooking oils, which can be used as a substitute for conventional diesel fuel.

The European advanced biodiesel market is expected to grow at a compound annual growth rate (CAGR) of around 6% from 2021 to 2026. This growth is mainly driven by the European Union's Renewable Energy Directive II (RED II), which sets a target of 14% renewable energy in the transport sector by 2030.

The major players in the European advanced biodiesel market include Neste, Total SE, Archer Daniels Midland Company, Renewable Energy Group, Inc., Cargill Inc., and Bunge Limited, among others. These companies are investing heavily in research and development to improve the quality of advanced biodiesel and to develop new production methods.

The feedstock used for advanced biodiesel production in Europe includes rapeseed oil, soybean oil, sunflower oil, palm oil, and waste cooking oil. The most common feedstock used in Europe is rapeseed oil, which accounts for around 60% of total biodiesel production.

Germany, France, and Italy are the largest markets for advanced biodiesel in Europe, with Germany accounting for over 40% of the total market share. The growing demand for biodiesel in these countries is mainly due to the favorable policies and regulations that support the use of renewable fuels.

In addition to traditional biodiesel, advanced biodiesel production technologies such as hydrotreated vegetable oil (HVO), biomass-to-liquid (BTL), and algae-based biodiesel are gaining popularity in Europe. These technologies are capable of producing higher quality biodiesel with better properties, such as improved cold flow and oxidation stability.

Overall, the European advanced biodiesel market is expected to continue its growth trajectory in the coming years, driven by the increasing demand for renewable and sustainable energy sources, favorable policies and regulations, and ongoing technological advancements in biodiesel production.

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