© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Biodiesel Market analysis research and trends report for

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Global Biodiesel Market size is expected to move up at a moderate rate in the next few years. Biodiesel is derived from animal fats, cooking oils, yellow grease, and vegetable oils by a process known as transesterification which converts fats and oils into chemicals. It is a substitute fuel similar to fossil or conventional fuels.  Need for energy independence and increasing environmental concern have driven the demand for biodiesel market worldwide. The product has the primary feature to reduce greenhouse gas emissions, which were totaled to over 6 billion metric tons of carbon dioxide equivalents. Also, it is biodegradable and helps to produce renewable liquid fuel for transportation purpose. Being domestic in nature, it reduces the dependency on the inherent lubricity, high flash point and imported petroleum. Moreover, government policies and tax incentives to promote the product usage will also have a significant influence on the global biodiesel market in coming years. Key Insights from Biodiesel Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  The biodiesel market worldwide is in a transition phase of rapid growth and development, creating new opportunities in the coming years. It has cetane ratings and outstanding lubricating properties in comparison to low sulfur diesel fuels. Depleting petrochemical reserves in oil rigs all over the globe will likely increase the product demand in coming years. The global petroleum reserve is expected to last till nearly This has encouraged researchers to look for suitable alternatives and create new growth avenues for the overall biodiesel market. Continued...

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