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The biodiesel market size is forecast to increase by USD 16.71 billion at a CAGR of 7.38% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for renewable energy sources as an alternative to fossil fuels and petroleum-based products. OEMs are increasingly adopting biodiesel as a fuel option to reduce their carbon footprint. The market is driven by raw materials such as animal tallow, soy oil, palm kernel oil, and coconut oil. However, the high operating costs of biodiesel production remain a challenge. Market trends include the growing demand for algae for biodiesel production and the use of spent bleaching earth as a raw material. The market is expected to continue growing as governments and organizations push for the adoption of renewable energy sources to reduce greenhouse gas emissions.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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