Hydrotreated Vegetable Oil Market

Report Code: CHM186A

Publish Date: Apr 2024

Publisher: BCC Publishing

Category: Chemicals

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Report Highlights

This report identifies the most significant source and application for hydrotreated vegetable oil (HVO). The study gives an overview of the various trends, applications, and feedstocks related to HVO. It provides comprehensive and the latest market estimates of the HVO market. This report explores current and future strategies, ESG factors, and emerging trends within the market. This will help investors and industry participants understand the market and compete successfully in the market.  

Report Includes

  • An overview of the global market for hydrotreated vegetable oil (HVO)
  • Analysis of global market trends, in terms of value and volume, featuring historical revenue data for 2022, estimates for 2023, forecasts for 2024, and projected compound annual growth rates (CAGRs) through 2028
  • Evaluation of the current market size and revenue growth prospects for HVO, along with a market share analysis by source, end user, application, and geographical region
  • Insights into government policies and regulations promoting biofuels
  • Discussion of ESG challenges and ESG practices in the HVO industry
  • Market share analysis of the key companies in the industry and coverage of their proprietary technologies, strategic alliances, and other market strategies
  • Profiles of the leading players in the industry

Report Scope

The report analyses the global HVO market based on source, application, and end-use industry segmentation. These segmentations are further analyzed at the global and regional levels. The base year considered for analysis is 2022, and the market estimates and forecasts are given from 2023 through 2028. The market estimates are only provided in terms of volume (kilo tons) and revenue (U.S. dollars, millions).

By source, the market is classified into vegetable oil, crude palm oil, used cooking oil, animal fat, and others (including biomass). Based on application, the market is segmented into transportation fuel, power generation, and others (including machinery in agriculture, marine, etc.). Based on the end-use industry, the market is segmented into automotive, aviation, industrial, and others (including marine, agricultural machinery, and construction).

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023–2028
Base year market size $19.4 billion
Market size forecast $46.5 billion
Growth rate CAGR of 16.0% from 2023 to 2028
Units considered $ Millions (Revenue) and Kilo Tons (Market Volume)
Segments covered By Source, Application, End-use Industry, and Geographic Region
Regions covered North America, Asia-Pacific, Europe and the Rest of the World (RoW)
Key Market Drivers
  • Growing environmental concerns, along with increasing demand for biofuels and sustainability goals.
Companies studied
CHEVRON RENEWABLE ENERGY GROUPDIAMOND GREEN DIESEL
ENI SPANESTE
PREEM ABREPSOL
SHELL PLCTOTALENERGIES
UPM BIOFUELS
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Frequently Asked Questions (FAQs)

The HVO market is projected to grow from $19.4 billion in 2022 to $46.5 billion in 2028 at a compound annual growth rate (CAGR) of 16.0% during the forecast period.
The key factors driving the growth of the HVO market include:
  • Growing environmental concerns along with increasing demand for biofuels and sustainability goals.
The HVO market is segmented based on source, application, end-use industry, and region.
The transportation fuel segment will dominate the market by the end of 2028.
The automotive industry segment will dominate the market by the end of 2028.
Europe holds the highest share in the market by value.
Key companies in the market include Neste, Eni, UPM Biofuels, Diamond Green Diesel, Preem, Repsol, Shell, TotalEnergies, and Others.

Analyst Credentials

Noopur Deshmukh– Associate Consultant-Advanced Materials Research
Noopur Deshmukh has over six years of industry experience in market research and analysis, specializing in advanced materials. She has experience in several domains, such as chemicals, materials, polymers, packaging, technology, and others. She works majorly on research studies, data gathering, market estimation & forecast, and competitive analysis, and providing clients with custom reports based on their business requirements. Academically, Noopur holds a master’s degree in Marketing and a bachelor’s degree in Engineering.

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Table of Contents

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Title/Chapter NamePagesMember Price
Full Report: Hydrotreated Vegetable Oil Market82Free

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Hydrotreated Vegetable Oil Market

Published - Apr 2024 | Publisher - Noopur Deshmukh | Code - CHM186A

This report identifies the most significant source and application for hydrotreated vegetable oil (HVO). The study gives an overview of the various trends, applications, and feedstocks related to HVO. It provides comprehensive and the latest market estimates of the HVO market. This report explores current and future strategies, ESG factors, and emerging trends within the market. This will help investors and industry participants understand the market and compete successfully in the market.  

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Hydrotreated Vegetable Oil Market
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