Market Size of South-East Asia Biodiesel Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South-East Asia Biodiesel Market Analysis
The South-East Asia biodiesel market is expected to witness a CAGR of around 3.5% during the forecast period. The COVID-19 pandemic severely affected the market as the demand for biodiesel and transportation fuel was reduced due to nationwide lockdowns. Nevertheless, post the pandemic, the market recovered again with increased usage in the transportation sector.
- Over the short term, the South-East Asia biodiesel market is expected to grow more due to the global drift towards low-carbon emission fuels and the initiatives on behalf of the governments of South-East Asian countries to promote the use of biofuels for various applications.
- On the other hand, owing to the issues, such as food security, land use, and deforestation, the threat still subsides for the biodiesel market.
- Nevertheless, the ongoing trade of biodiesel and bioethanol among South-East Asian countries like Malaysia, Indonesia, Thailand etc., creates lucrative opportunities for the market, as it promotes the use of biodiesel for various applications.
- Indonesia is expected to dominate the market due to the country's efforts to promote the use of biodiesel, and high palm oil production (the main raw material for biodiesel production).
