Europe Advanced Biodiesel Market, By Raw Material (Trap Grease & Brown Grease, Yellow Grease, Algae, Agriculture & Forest Residue, Municipal Solid Wastes (MSWs), and Others), By End-use Industry (Transportation (Automotive, Aviation, and Marine), Power Generation, and Others), and By Country (U.K., Germany, France, Italy, Spain, Austria, Belgium, Poland, Russia, Czech Republic, and Rest of Europe)-

Published In : Jun 2023

Code : CMI3370

Pages :120

Formats :

Excel and PDF

Industry : Green Chemicals

Market Challenges And Opportunities

Europe Advanced Biodiesel Market: Market Restraints

Emissions and pollution caused during the production of biodiesel

Substituting conventional fuels with biodiesel blends is considered to be extremely vital for social and environmental reasons; however, there are potential problems associated with its use. Despite the favorable environmental impacts in terms of overall reduced GHG emissions, biodiesel has the potential to increase NOx emissions. Approximately 3% to 4%, 4% to 6%, and 6% to 9% of petroleum diesel are emitted from B20, B40, and B100 respectively.

Europe Advanced Biodiesel Market: Growth Drivers

Growing demand for environment-friendly fuels

Biodiesel fuel is similar to diesel fuel but is much more eco-friendly. Biodiesel is a clean, non-polluting energy source. This green transition is seen as a catalyst for the biodiesel market, paving the way for biodiesel suppliers. The need to integrate renewable energy sources is driving the demand for biodiesel. Biodiesel is expected to grow fast in popularity as a replacement for conventional fossil fuels in various applications. Biodiesel is helping several countries across Europe to decrease their reliance on foreign oil reserves and imports since it is manufactured domestically and deployed in a diesel engine with minor or near modifications. Moreover, second-generation and third-generation biofuels, such as those produced using algae, have a greater potential to reduce emissions. Therefore, the growing demand for eco-friendly and sustainable fuels and energy sources across various industries is expected to drive the demand for biodiesel, which in turn is expected to drive market growth.

High compatibility of biodiesel with the existing diesel engines

The industry is expected to benefit from increased demand for fuel in commercial vehicles as a replacement for crude oil as it emits fewer Volatile Organic Compounds (VOCs) than traditional fuels, such as diesel. The main target for biodiesel consumption is fuel and power generation applications. Today, automotive and marine industries are using a majority of the fuel produced, which uses components of crude oil in heavy quantities. These conventional fuels release toxicants into the environment. Also, in power generation, biodiesel can be used in generators where only a few changes or no changes are needed to be done to the structure of the machine.