The Global Biodiesel Catalyst Market size is expected to be valued at USD 3.2 billion by 2028 and will grow at a CAGR of 6.91% during the forecast period from 2021 to 2028. Increasing demand for renewable fuels and stringent government regulations are the major factors driving the growth of this industry in recent years. The market is also witnessing significant growth due to rising demand from various industries such as biochemicals and pharmaceuticals, textiles & clothing, and others which have been shifting towards biodiesel production for environmental sustainability purposes.
Biodiesel Catalyst is a chemical agent that helps in decomposing biodiesel into fatty acid methyl esters (FAMEs). Biodiesel, as a diesel fuel alternative made by using different feedstocks such as fats and oils from plants or animal waste.
On the basis of Types, the market is segmented into Hydroxide, Sodium Methylate.
The hydroxide biodiesel catalyst is a metal base that reduces the net free energy required in fatty acid esterification. It has strong basicity and high selectivity, which makes it an ideal choice for industrial use. The function of this product can be divided into three steps: raw material preparation (acid-catalyzed reaction), transesterification, and methanolysis.
Sodium Methylate Biodiesel Catalyst can be defined as a catalyst that is used to convert vegetable oil, animal fat, and recycled greases into biodiesel by transesterification reaction. Sodium Methylate Biodiesel Catalyst plays a crucial role in the process of ester interchange between alcohol (methanol) and triglycerides from various sources such as soybean oils, sunflower oil, or even waste cooking fats, etc.
In addition to this, it also helps in removing water content from bio-fats which reduces harmful impurities during the production of fatty acid methyl esters (FAME). It can be further classified into three types: hydroxide type sodium methoxide, methanol type sodium methoxide & solid base type sodium methoxide.
On the basis of Application, the market is segmented into Biodiesel from Vegetable Oil, Biodiesel from Bio-fat, Other.
Biodiesel Catalyst is the chemical compound that is used to produce biodiesel from vegetable oil. It can be synthesized or naturally occurring and contains a metal such as Pd, Pt, Ru, etc. These catalysts play an important role in converting lipids into fuel by breaking down triglycerides (fat) present in plant oils and animal fats.
Biodiesel from Bio-fat is a type of biodiesel obtained by transesterification of bio-waste cooking oil with methanol. This process converts free fatty acids into methyl esters (biodiesel), which can be used as diesel fuel, either alone or blended in any proportions with petrodiesel for heating and power applications.
On the basis of Region, the market is segmented into North America, Europe, Asia Pacific, and Latin & Middle East & Africa. North America is expected to be a lucrative regional segment due to increasing petrochemical refining activities along with rising demand for alternative sources of energy such as solar and wind which requires advanced technology catalysts that can convert biomass into biofuels including biodiesel, ethanol, etc.
Asia Pacific is projected to be the fastest-growing region due to increasing industrialization across countries such as India and China which are major importers of oil products leading to an increased demand for diesel engines that burn biodiesel blended gasoline or pure biodiesel (B100). Furthermore, APAC has witnessed a rise in awareness regarding environment protection-related issues among consumers which will generate opportunities for biodiesel catalyst market players to expand their operations in the region.
The global biodiesel catalyst market is experiencing certain growth factors, like the rise in demand for biofuels. Factors such as the increasing use of vegetable oil-based cooking oils and growing initiatives by governments that promote the use of renewable fuels are fueling the product’s adoption across different geographies. The tax incentives provided to the manufacturers have also contributed towards its widespread application.
Up Market Research published a new report titled “Biodiesel Catalyst Sales Market research report which is segmented by Types (Hydroxide, Sodium Methylate), By Applications (Biodiesel from Vegetable Oil, Biodiesel from Bio-fat, Other), By Players/Companies Evonik, BASF, TSS Group, DowDuPont, Camera Agricultura, Albemarle, Sud-Chemie”.
Report Attributes | Report Details |
Report Title | Biodiesel Catalyst Sales Market Research Report |
By Type | Hydroxide, Sodium Methylate |
By Application | Biodiesel from Vegetable Oil, Biodiesel from Bio-fat, Other |
By Companies | Evonik, BASF, TSS Group, DowDuPont, Camera Agricultura, Albemarle, Sud-Chemie |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 214 |
Number of Tables & Figures | 150 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Hydroxide, Sodium Methylate and By Application Biodiesel from Vegetable Oil, Biodiesel from Bio-fat, Other.
Some of the companies that are profiled in this report are:
Biodiesel Catalyst Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Biodiesel Catalyst Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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