Latin America Biodiesel Market Share, Size, Growth, Trends and Forecast Till 2025: IMARC Group

According to the latest report by IMARC Group, titled “Latin America Biodiesel Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the Latin America biodiesel market is currently witnessing strong growth. Looking forward, IMARC Group expects the market to exhibit moderate 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 refers to a renewable, biodegradable fuel that is manufactured domestically through transesterification of recycled restaurant grease, animal fats, renewable feedstock, and vegetable oils. In contrast to petroleum diesel fuel, it is carbon-neutral, non-toxic, sulfur-free and does not contain aromatics. Apart from this, biodiesel aids in mitigating the exhaust release, on account of which it is extensively utilized to power existing aircraft, diesel engines, domestic boilers, and power generation machinery.

The Latin America biodiesel market is primarily being driven by the widespread product adoption across the automotive, agriculture, marine, railways, and mining sectors due to the increasing requirement of efficient clean and renewable fuel sources. In line with this, the rising environmental awareness among consumers and manufacturers regarding fossil fuel depletion has prompted several government bodies across the Latin America region to introduce favorable policies to promote the uptake of biodiesel. This, in turn, assists in minimizing greenhouse gas emissions and preserving natural resources due to an enhanced focus on sustainable development, which is further propelling the market growth. Apart from this, increasing investments in research and development (R&D) for producing biodiesel at lower costs is also positively stimulating the market growth.

Latin America Biodiesel Market 2020-2025 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the latin america 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 latin america biodiesel market on the basis of feedstock, application, type, production technology and country.

Breakup by Feedstock:

  • Vegetable Oils
  • Animal Fats
  • Others

Breakup by Application:

  • Fuel
  • Power Generation
  • Others

Breakup by Type:

  • B100
  • B20
  • B10
  • B5

Breakup by Production Technology:

  • Conventional Alcohol Trans-esterification
  • Pyrolysis
  • Hydro Heating

Breakup by Country:

  • Brazil
  • Mexico
  • Argentina
  • Columbia
  • Chile
  • Peru
  • Others

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/latin-america-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.

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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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