Biodiesel Market Size, Growth | Analysis & Forecast, 2030

According to ChemAnalyst report, “Global Biodiesel Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global biodiesel market demand stood at 25 Million Tonnes in 2020 and is forecast to reach 48.02 Million Tonnes by 2030, growing at a healthy CAGR of 6.75% until 2030. Lesser greenhouse gas emissions associated with biodiesel along with its biodegradable nature and the growing need for replacing fossil fuel with renewable fuel is projected to drive the demand of biodiesel for the forecast period. Moreover, increasing population and subsequent urbanization is also a propelling factor supporting demand growth of biodiesel during the forecast period. Additionally, government support for replacement of fossil fuels with biofuels which have lesser greenhouse emissions is another factor fueling demand growth for biodiesel. Lower performance as compared to fossil fuel and corrosion related problems are expected to hinder demand growth during the forecast period.

Biodiesel is a type of fuel made from bio-based resources such as vegetable oil and animal fat. It is renewable in nature with lesser carbon footprint. It can be used in existing diesel engines without modification. Biodiesel is produced via transesterification whereby glycerin is separated from animal fat or vegetable oil leaving behind methyl esters and glycerin. Its major application areas are fuel and power generation.  It is blended with diesel and then used in vehicles. Governments globally have set various blending targets to lower the dependence on oil imports and to reduce greenhouse gas emissions. Various automotive companies are incentivizing the usage of biofuel by giving extended warranty. Indian government has set targets of 5% blending by 2022 and United States department of defense has ordered that most of its road fleet would use blended fuels.

Biodiesel is basically processed vegetable oil or animal fat. It has applications in automotive and power generation as fuel. Stronger government support for replacement of fossil fuels with biofuel is propelling the demand of biodiesel. Due to the abundance of raw material and increasing demand from both the automotive and power generation segment, it is expected that the cost of biodiesel might come down during the forecast period. This is also another factor supporting demand rise for biodiesel and its usage in automotive and power generation. Growing demand for electric vehicles might also act as a constraint for demand growth during the forecast period.

Biodiesel are related to vegetable oil and animal fat. Hence, the price is directly linked to the fluctuations in the prices of vegetable oil and animal fat. In the first half of FY20 sudden outbreak of novel coronavirus followed by fall in in the demand of automotive rendered a major downfall in the global biodiesel, hence the prices remained low for biodiesel during the coronavirus pandemic. Demand has picked up in the recent quarters and is projected to grow due to increasing demand from Asia Pacific and North America.

Regionally, Europe dominates the Global biodiesel market and holds the largest market share in FY20. Asia’s biodiesel market is anticipated to grow in the economies like China due to increasing demand of automotive and power generation.

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Major Players:

• Australian Renewable Fuels Limited,
• Arizona Biodiesel,
• Amereco Biofuels Corp.,
• Cosan,
• Coskata,
• Sapphire Energy,
• Renewable Energy Group,
• Ag Environmental Products,
• Louis Dreyfus Corp.

“Being linked to the automotive industry, the global biodiesel industry has shown a robust growth alongside growing population and changing consumer preference towards environment friendly materials. Regionwide, Europe holds the major share of global biodiesel demand due to early adoption and greater government support for replacement of fossil fuel with biofuel. In Asia Pacific, China serves as the key growth region with sufficiently installed capacities for biodiesel.  With new competitors emerging across the Asia Pacific biodiesel market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

About Us        

ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

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Pyridine Market Size, Share | Global Analysis and Forecast, 2030 | ChemAnalyst

According to ChemAnalyst report, “Global Pyridine Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Global Pyridine market witnessed a strong demand in the past five years and is projected to achieve a CAGR of 4.95% during the forecast period owing to its utilization in synthesizing of a variety of products such as agrochemicals (pesticides & herbicides), medicines such as antibiotics and antiviral etc., vitamins (Vit-B3 & B6), food additives, dyes, adhesives and paints. Additionally, increasing demand of Pyridine as a denaturant in manufacturing antifreeze mixtures owing to its superior chemical functionality that are used in automobiles is likely to drive the market for Pyridine.

Pyridine is a colorless to pale yellow, toxic and flammable compound with a strong unpleasant odor, exhibiting high solubility in water and other organic solvents, either employed as a solvent or reagent in specialized chemical manufacturing. It can either produce from Coal tar, its natural source or commercially manufactured by synthesis reactions like Bonnemann cyclization, Chichibabin synthesis and Cobalt-catalyzed alkyne-nitrile cyclomerizing utilizing ammonia and acetaldehyde as raw materials. Pyridine is extensively utilized as a precursor in agriculture industry for manufacturing of agrochemicals such as herbicides, and pesticides as well as pyrithione base fungicides. In addition, increasing usage of Pyridine as beta Picoline in Pharmaceutical industry to produce vitamin B3 and B6, a nutritious additive for food and beverage industry, is anticipated to drive the demand for the product in the forecast period

Agrochemicals as well as pharmaceuticals sectors that are the major consumers of Pyridine, were not much impeded during the Pandemic as there was limited immediate impacts of the pandemic on primary agriculture as well as the spread of corona virus further prompted the demand for Pyridine in the Pharmaceutical industry as people are eager to look for nutritious products to boost their immunity as a preventive measure for virus. Additionally, its utilization as a precursor for various antibacterial and antihistamine medicines along with its rising demand for manufacturing Vinyl Pyridine Latex for automobile tyres and conveyor belt are expected to propel as a potential segment in the growth of Global Pyridine Market.

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The Global Pyridine market is anticipated to witness a healthy growth with majority of the consumption share coming from Asia Pacific (APAC) Region. Factors like rapidly expanding pharmaceutical sector along with the growing agrochemical industry due to the presence of major agricultural countries like China and India have fueled the growth of the market for Pyridine in Asia-Pacific. Moreover, APAC is the global production hub for Pyridine, hence, China followed by India is the largest producer and consumer of Pyridine. The consumption of Pyridine in APAC region is expected to spur in the coming years under plans of capacity expansions of derivative, niacinamide in China coupled with the presence of global manufacturers of Pyridine such as Jubilant Life Sciences, Vertellus Specialties Incorporation and Red Sun Group in the region. Moreover, Europe and Latin America are likely to witness substantial increase in demand, owing to the rising interest of companies to uphold the growing market of pharmaceuticals and agrochemicals.

Top key Players:

• Vertellus Specialties Incorporation
• Jubilant Life Sciences
• Lonza Group Limited
• Bayer AG
• Red Sun Group
• Mitsubishi Chemicals
• Resonance Specialties Limited
• Shangdong Luba Chemical Corporation Limited
• Weifang Sunwin Chemical Company Limited
• Koei Chemical Company Limited
• Hubei Sanonda
• Chang Chun Petrochemicals Corporation Limited
• Prochem Incorporation etc.

“Being linked to the Pharmaceuticals and Agrochemical industry, the global Pyridine industry has shown a robust growth alongside growing population and changing consumer preferences.  Due to its wide range applications as a solvent in chemicals and adhesives, sulfonating agent, reducing agent, as denaturant for antifreeze mixtures and as precursors to antibacterial drugs & agrochemicals, antiseptic in dental care products etc. are likely to impel its market in the forecast period. With new competitors emerging across the Asian Pyridine market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

About Us        

ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

Nilesh Vishwakarma

B-44 Sector-57 Noida,

National Capital Region

Mob: +91 8882805349

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com/

Plastic Recycling Market Size, Share | Global Analysis Report, 2030 | ChemAnalyst

According to ChemAnalyst report, “Global Plastic Recycling Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Type, End-User Industries, Sales Channel, Regional Demand, 2015-2030”, The Plastic Recycling market is anticipated to reach approximately 85 million tonnes in 2030 at a CAGR of 5.51%. The Plastic Recycling market is expected to expand throughout the projected period owing to its rising applications in key end-use sectors such as Packaging, Building and Construction, Textile, Automotive, Electrical and Electronics, and Others.

The rise in urban population, rapid plastic waste generation, and growing concern about environmental pollution have shifted the focus more on plastic recycling rather than burning it. By plastic recycling, the plastic waste in the environment can be employed as raw material that can be utilized to create plastic and other useful products. Chemical methods are being developed which could transform plastics recycling and reduce the amount going to landfills—but these innovations alone are not enough to accelerate recycling rates.

First, plastic waste is gathered from our residences, places of business, and neighborhood recycling facilities. After that, they are delivered to MRFs or PRFs, which remove plastic from other materials or classify plastic according to kind. To differentiate between various types of plastics, these facilities employ sorting tools like optical sorters. The plastic is then taken to a recycling facility, where it is cleaned, crushed, and further sorted. A new batch of recycled plastic pellets is created by melting and extruding the plastic. For application in new products, these pellets are sold.

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Plastic packaging is the best choice for storing and transporting delicate things like electrical equipment, consumer goods, medical supplies, and chemical products due to its superior shock-absorbing qualities. Furthermore, the features of polyethylene terephthalate, polyethylene, and polystyrenes, such as superior moisture resistance and thermal insulation, aid in preserving perishable products like seafood and fruits and vegetables.

Different types of plastics, such as Plastic containers, Plastic wraps & Packaging, Plastic Bottles & Caps, Foam Packaging, etc., are made into different items when recycled. Hard Plastics are recycled into different products, such as milk jugs, plastic lumber, picnic tables, plastic lawn furniture, plastic dustbins, and many more. Thins plastics forms plastic lumbers, having applications in making park benches, plastic furniture, and fences. Plastic Bottles are recycled to make many new items. Items like clothing (t-shirts, jackets, sweaters) for making insulated sleeping bags can be used for carpeting and making more plastic bottles. When recycled, plastic bottle caps get converted into car batteries, gardening equipment, storage containers, shopping bags, ropes, yarn, and more. Foam packaging converts to plastic picture frames, insulation, and new foam packaging.

The increase in plastic recycling has ramped up the reduction level of CO2 atmospheric emissions around the globe. The continent is expected to generate significant demand for plastic recycling in the coming years. Also, the growing concern for environmental pollution from plastic disposal is expected to spur the need to recycle plastic waste, which eliminates the need to manufacture various plastic-based materials, containers, etc., from scratch, which saves a lot of energy. Manufacturers are forced to use recycled plastics for packaging due to consumer preferences for eco-friendly packaging and growing landfill problems. It is anticipated that this will increase regional demand for plastic recycling.

The Plastic Recycling market is segregated based on end-use, sales channel, and region. With a large population, Asia Pacific Region has the highest share of the world's plastic recycling demand., having a consumption of more than 55% in the region. China, Japan, Australia, & India are the leading markets in the region, and further growing development projects are driving the market in the Asia Pacific region. The Plastic Recycling market is expected to increase through 2030, fueled by the ongoing concerns of sustainability and to reduce environmental pollution and carbon footprint around the globe supported by government regulations. Europe & North America region holds the second & third largest share of Plastic Recycling in demand.

Based on the end-user industry, the global Plastic Recycling market is segmented into Packaging, Building and Construction, Textile, Automotive, Electrical and Electronics, and Others. Due to wide usage in industries like food & beverage, pharmaceutical, and general-use goods, the Packaging industry is dominating the Plastic Recycling market. Furthermore, Building and Construction industry also holds significant market shares.

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“Global Plastic Recycling Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Type, End-User Industries, Sales Channel, Regional Demand, 2015-2030”, the significant players functional in the Global Plastic Recycling are Masotina S.p.A, I.blu - Gruppo iren, Montello S.p.A., The Alba Group., GT Recycling, STF Group, Jayplas., Indorama Ventures Sustainable Solutions LLC, Viridor Polymer Recycling Limited, NPP "Polyplastic, Hubert Eing Kunststoffverwertung GmbH, Monoworld Recycling Ltd., Metro Plastic, Clean Tech U.K. Ltd, OOO "Fantastik Plastik," and Others.

"Plastic Recycling includes polymers such as PET, PE, PP, PVC, PS & others which are employed in various end- user industries. Hence, their wide range of applications is projected to fuel the Plastic Recycling market growth in the forecast period. Fast-growing industries such as Packaging, Buildings & Construction, Textile, Automotive, Electrical & Electronics, and others utilize the material in their various stages of the process. In addition to the benefits of using recycled plastics aids in lower energy consumption, factors like growing applications of recycled plastics are likely to fuel the demand for plastic recycling in the upcoming years. The market demand is anticipated to be fuelled by rising government regulations and policies regulating the usage of single-use plastics in various nations, as well as the increase in investment in the development of new technology leading to improved energy efficiency over the forecast period and offering various openings for manufacturers to expand their existing capacities and fill the demand-supply gap in the future." said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm promoting ChemAnalyst.

About Us

ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

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Email: sales@chemanalyst.com

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