Please Wait.....
Report
Hydrotreated Vegetable Oil Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
Market Report I 2024-09-03 I 220 Pages I Global Market Insights
The Global Hydrotreated Vegetable Oil Market was valued at approximately USD 24.2 billion in 2023 and is projected to expand at a CAGR of over 13.3% from 2024 to 2032. Hydrotreated vegetable oil (HVO), a renewable fuel derived from vegetable oils and animal fats, undergoes production via state-of-the-art hydrogenation processes. The automotive sector is increasingly adopting HVO as a direct alternative to conventional diesel, leveraging its compatibility with existing engines and infrastructure. This transition not only aligns with the industry's sustainability goals but also addresses regulatory mandates aimed at reducing emissions.
The overall hydrotreated vegetable oil industry is classified based on the source of feedstock, grade, technology type, application, and region.
The market segments based on feedstock sources include animal fats, food and feed crops, palm oil mill effluent, used cooking oils, and others. Dominating the market, food and feed crops accounted for a substantial USD 16.7 billion in 2023, with projections of significant growth at a CAGR of 12.7% by 2032. Food and feed crops serve as the primary feedstock due to their widespread availability and suitability for large-scale production. This segment predominantly utilizes cost-effective crops like soybeans and canola. Animal fats and used cooking oils contribute significantly, offering sustainable alternatives and waste reduction.
Market segmentation by grade includes Class 1: premium grade HVO, Class 2: standard grade HVO, Class 3: basic grade HVO, and Class 4: specialty grade HVO. Class 2: Standard Grade HVO, which dominated the market in 2023, is projected to continue its growth trajectory through 2032 at a CAGR of 13.0%. The prominence of Class 2: Standard Grade HVO stems from its optimal balance of performance and cost, making it a preferred choice for transportation and industrial applications.
Europe emerges as the frontrunner in the HVO landscape, driven by stringent environmental regulations and strong support for renewable fuels. The EU's ambitious sustainability targets, complemented by incentives for cleaner energy, have significantly propelled HVO's uptake across Europe. As per the European Environment Agency (EEA), the EU is committed to slashing greenhouse gas emissions by a minimum of 55% by 2030. Europe's dominance is further reinforced by its advanced production facilities and well-established market infrastructure, underscoring the continent's commitment to reducing carbon emissions and pioneering renewable energy advancements.
Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360 synopsis
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Key manufacturers
3.1.2 Distributors
3.1.3 Profit margins across the industry
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.2 Market challenges
3.2.3 Market opportunity
3.2.3.1 New opportunities
3.2.3.2 Growth potential analysis
3.3 Raw material landscape
3.3.1.1 Manufacturing trends
3.3.1.2 Technology evolution
3.3.1.3 Sustainability in raw materials
3.4 Sustainable manufacturing
3.4.1.1 Green practices
3.4.1.2 Decarbonization
3.5 Pricing trends (USD/Ton), 2021 to 2032
3.5.1.1 North America
3.5.1.2 Europe
3.5.1.3 Asia Pacific
3.5.1.4 Latin America
3.5.1.5 Middle East & Africa
3.6 Regulations & market impact
3.7 Porter's analysis
3.8 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company matrix analysis
4.3 Company market share analysis
4.3.1 Company Market share analysis by region
4.3.1.1 North America
4.3.1.2 Europe
4.3.1.3 Asia Pacific
4.3.1.4 Latin America
4.3.1.5 Middle East Africa
4.4 Competitive positioning matrix
4.5 Strategic dashboard
Chapter 5 Market Size and Forecast, By Source of Feedstock, 2021-2032 (USD Billion, Kilo Tons)
5.1 Key trends
5.2 Food and feed crops
5.2.1 Soybean oil
5.2.2 Canola oil
5.2.3 Sunflower oil
5.2.4 Palm oil
5.2.5 Others
5.3 Animal fats
5.3.1 Tallow
5.3.2 Lard
5.4 Used cooking oils
5.5 Palm oil mill effluent
5.6 Others (non-edible vegetable oil, algae oils, and refining byproducts)
Chapter 6 Market Size and Forecast, By Grade, 2021-2032 (USD Billion, Kilo Tons)
6.1 Key trends
6.2 Class 1: premium grade HVO
6.3 Class 2: standard grade HVO
6.4 Class 3: basic grade HVO
6.5 Class 4: specialty grade HVO
Chapter 7 Market Size and Forecast, By Technology Type, 2021-2032 (USD Billion, Kilo Tons)
7.1 Key trends
7.2 Standalone hydrotreating technology
7.3 Co-processing technology
Chapter 8 Market Size and Forecast, By Application, 2021-2032 (USD Billion, Kilo Tons)
8.1 Key trends
8.2 Sustainable aviation fuel
8.3 Automotive fuel
8.4 Marine fuel
8.5 Industrial power generation
8.6 Heating fuel
8.7 Agricultural equipment fuel
8.8 Lubricants
Chapter 9 Market Size and Forecast, By Region, 2021-2032 (USD Billion, Kilo Tons)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 Australia
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Argentina
9.6 MEA
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 South Africa
Chapter 10 Company Profiles
10.1 ALFA LAVAL
10.2 Cepsa
10.3 Desmet
10.4 DIAMOND GREEN DIESEL
10.5 Neste
10.6 Preem
10.7 Repsol
10.8 Shell
10.9 TotalEnergies
10.10 UPM Biofuels
10.11 Valero Energy
10.12 World Energy
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security