India Biodiesel Market Report by Application (Fuel, Power Generation, Others), Feedstock (Vegetable

Renubresearch0124 Apr, 2024Business

India Biodiesel Market size is expected to be about US$ 634.8 million by 2032. The CAGR for the India biodiesel market from 2024 to 2032 is 8.11%. Renub Research stated that it amounted to US$ 314.7 million in 2023. An alternative fuel called biodiesel is created by mixing organic oil with alcohol. It can replace conventional petroleum products as an energy source for automobiles and industrial uses. Supporters point to biodiesel's advantages over diesel regarding environmental sustainability and fire safety.