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Global Biodiesel Market Research Report:

The latest report by IMARC, titled “ Biodiesel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” the global biodiesel market reached a value of US$ 40.6 Billion in 2021. Biodiesel is a renewable energy source that is a viable substitute for petroleum diesel fuel. It is obtained from vegetable oil, methanol as well as animal and recycled cooking fats. These raw materials are converted into a mixture of the fatty acids that makes the oil through a transesterification reaction. Biodiesel allows farmers to grow the fuel they need for farm machinery as it reduces the carbon footprint of agriculture. In recent years, the leading biofuel manufacturers are introducing advanced technologies that are used for the production of biofuels through biogas, pyrolysis and gasification.

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