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 |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Growing environmental concerns along with increasing demand for biofuels and sustainability goals.
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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