Report overview
Hydrotreated Vegetable Oils (HVO) commonly referred to as renewable diesel and Hydroprocessed Esters and Fatty Acids (HEFA) are produced via hydroprocessing of oils and fats. Hydroprocessing is an alternative process to esterification to produce diesel from biomass.HVO/HEFA are straight chain paraffinic hydrocarbons that are free of aromatics, oxygen and sulfur and have high cetane numbers. HEFA offers a number of benefits over FAME (Fatty Acid Methyl Esters), such as reduced NOx emission, better storage stability, and better cold flow properties. Hence HEFA can typically be used in all diesel engines. Also, the use as an aviation (bio jet) fuel has been approved.
HVO can be produced from a wide variety of materials containing triglycerides and fatty acids.Within this range of materials, HVO is flexible in its feedstock requirements allowing the use of a wide range of low quality waste and residue materials still leading to production of hydrocarbon drop-in products. The key additional feedstock needed is hydrogen which today comes from a fossil source.
This report aims to provide a comprehensive presentation of the global market for Hydrotreated Vegetable Oil (HVO), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hydrotreated Vegetable Oil (HVO). This report contains market size and forecasts of Hydrotreated Vegetable Oil (HVO) in global, including the following market information:
Global Hydrotreated Vegetable Oil (HVO) Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global Hydrotreated Vegetable Oil (HVO) Market Sales, 2018-2023, 2024-2032, (Kiloton)
Global top five Hydrotreated Vegetable Oil (HVO) companies in 2022 (%)
The global Hydrotreated Vegetable Oil (HVO) market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
Based on Ecofining Technology Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Hydrotreated Vegetable Oil (HVO) include Neste, Diamond Green Diesel, UPM Biofuels, REG, Emerald Biofuels, Eni, World Energy, Total and ConocoPhillips, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Hydrotreated Vegetable Oil (HVO) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Hydrotreated Vegetable Oil (HVO) Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (Kiloton)
Global Hydrotreated Vegetable Oil (HVO) Market Segment Percentages, by Type, 2022 (%)
Based on Ecofining Technology
Based on Co-Processing Technology
Other
Global Hydrotreated Vegetable Oil (HVO) Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (Kiloton)
Global Hydrotreated Vegetable Oil (HVO) Market Segment Percentages, by Application, 2022 (%)
Vehicle
Generator
Industrial Power System
Other
Global Hydrotreated Vegetable Oil (HVO) Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (Kiloton)
Global Hydrotreated Vegetable Oil (HVO) Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Hydrotreated Vegetable Oil (HVO) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Hydrotreated Vegetable Oil (HVO) revenues share in global market, 2022 (%)
Key companies Hydrotreated Vegetable Oil (HVO) sales in global market, 2018-2023 (Estimated), (Kiloton)
Key companies Hydrotreated Vegetable Oil (HVO) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Neste
Diamond Green Diesel
UPM Biofuels
REG
Emerald Biofuels
Eni
World Energy
Total
ConocoPhillips
Preem
Repsol
Cepsa
NextChem(Maire Tecnimont)
Axens
Colabitoil
Haldor Topsoe
Ryze Renewables
BP
PetroBras
Nippon Oil
Outline of Major Chapters:
Chapter 1: Introduces the definition of Hydrotreated Vegetable Oil (HVO), market overview.
Chapter 2: Global Hydrotreated Vegetable Oil (HVO) market size in revenue and volume.
Chapter 3: Detailed analysis of Hydrotreated Vegetable Oil (HVO) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Hydrotreated Vegetable Oil (HVO) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Hydrotreated Vegetable Oil (HVO) capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
