South-East Asia Biodiesel Market Size (2024 - 2029)

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).

South-East Asia Biodiesel Industry Segmentation

Biodiesel is a renewable and biodegradable fuel manufactured from vegetable oils, animal fats, or recycled restaurant grease. The South-East Asia biodiesel market is segmented by Feedstock, Application, and Geography. By feedstock, the market is segmented into Animal Fat, Vegetable Oil, and Others. By application, the market is segmented into Transportation, Power Generation, and Other Applications. The report also covers the market size and forecasts for the South-East Asia biodiesel market across the major countries. For each segment, the market sizing and forecasts have been done based on revenue (in USD billion).