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Biodiesel Industry Trends: What to Know and Prepare for?

The global biodiesel market is projected to grow from USD 41.33 billion in 2022 to USD 59 billion by 2032, with a compound annual growth rate (CAGR) of 3.6%. Key regions driving this growth include Europe, East Asia, and South Asia & Pacific. Biodiesel's eco-friendly attributes, such as lower greenhouse gas emissions and reduced toxicity compared to conventional diesel, make it an attractive alternative. While the market saw a growth rate of 1.6% between 2017 and 2021, it is expected to expand further due to increasing adoption in automotive, marine, and power generation applications.

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Biodiesel Industry Trends: What to Know and Prepare for?

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