According to a market report by Lucintel, the future of the global used cooking oil methyl ester market looks promising with opportunities in the automotive and aerospace markets. The global used cooking oil methyl ester market is expected to reach an estimated $3 billion by 2035 from $2 billion in 2027 with a CAGR of 6.9% from 2027 to 2035. The major drivers for this market are the rising demand for biodiesel as a renewable energy source, the growing regulations on waste oil recycling & circular economy, and the increasing awareness of environmental impact & sustainability.
A more than 150-page report to understand trends, opportunity and
forecast in global used cooking oil methyl ester market to 2035 by feedstock
type (vegetable oils, animal fats, and used cooking oil), application (diesel
fuel additive, biofuel production, lubricants, and others), end use
(automotive, aerospace, and others), and region (North America, Europe, Asia
Pacific, and the Rest of the World).
Lucintel forecasts that, within the feedstock type category, used cooking
oil is expected to witness the highest growth over the forecast period due to
increasing use of used cooking oil for suri operating biofuel production.
Within the end use category, automotive is expected to witness higher
growth over the forecast period due to growing demand for automotive fuel and
increasing adoption of biodiesel.
Download sample by clicking on used cooking oil methyl ester market.
In terms of regions, Europe is expected to witness the highest growth
over the forecast period due to increased production of renewable fuels and
growing sustainability investment across economies.
Argent Energy, Renewable Energy Group, Pacific Biodiesel, Marathon
Petroleum Corporation, Evergreen Biofuels, Neste Oil Rotterdam, ADM, Biodiesel
Amsterdam, SunOil, Cargill are the major suppliers in the used cooking oil methyl ester market.
This
unique research report will enable you to make confident business decisions in
this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get
access of more than 1000 reports at fraction of cost visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
your growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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