Biodiesel market worth $54.8 billion by 2025: report.

CALIFORNIA, August 2, 2017 - Grand View Research reports a growth rate of 7.3 percent in the global biodiesel market. The firm projects this renewable fuel market will reach $54.8 billion by 2025, up from an estimated $28.04 billion in 2016. It attributes the boom to the fuel’s environmental friendliness and ability to combat greenhouse gas emissions as well as speculation that biodiesel will someday replace fossil fuel.