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Market value of biodiesel worldwide in 2019 and 2024 (in billion U.S. dollars)

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Source

Release date

March 2020

Region

Worldwide

Survey time period

2019

Supplementary notes

* Figure is forecast based on a CAGR of seven percent during the forecast period 2019-2024.

Citation formats

Global biodiesel market size 2019 & 2024

Published by ÌÇÐÄÆƽâ°æ Research Department, Apr 3, 2020
The global biodiesel market had a value of approximately ** billion U.S. dollars in 2019. Biodiesel is a variety of diesel that is produced from plant or animal matter, typically by chemically reacting lipids with an alcohol to produce a methyl, ethyl, or propyl ester. It is forecast that by 2024, the worldwide market value of this fuel will reach just over ** billion U.S. dollars.
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Biofuel industry in EuropeOil and gasoline prices worldwideOil refinery industry worldwideBiofuel industry in the U.S.Passenger car market in Europe
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