Hydrotreated vegetable oil market is anticipated to grow at a significant CAGR of 12.4% during the forecast period (2024-2031). Hydrotreated vegetable oil, which comes from plant-based sources like vegetable oils or animal fats, is a sustainable and renewable substitute for conventional diesel fuel. It goes through a hydrotreatment procedure that takes out impurities and lowers the oxygen level, making it a high-grade, low-emission diesel replacement that works with current diesel engines.
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These fuels are cleaner as when compared to conventional diesel fuels it emits substantially less carbon dioxide and particulate matter, which lowers greenhouse gas emissions. It is also a feasible and environmentally suitable substitute in the shift to more environmentally friendly transportation options because of its exceptional cold-weather performance and ability to run without the need for engine modifications. Therefore, the growing demand for cleaner fuels globally is a key factor driving the growth of the global market.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Hydrotreated Vegetable Oil Market by Type
- Pure HVO
- Co-Processing
Global Hydrotreated Vegetable Oil Market by Application
- Transportation
- Industrial Power Generators
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Advanced Biofuels
- Cepsa
- Chevron Corp.
- ConocoPhillips
- Diamond Green Diesel
- Eni S.p.A.
- Green Biofuels Ltd.
- Preem AB
- Rapid Energy Ltd.
- Renewable Energy group (REG)
- Shell Plc
- St1 Oy
- Total SA
- UPM Biofuels
- WatsonFuels
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global hydrotreated vegetable oil market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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