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 |
|
||||||||||
| Companies studied |
|
||||||||||
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.
Related Reports
Sustainable Plastic Packaging: Global Markets
The global market for sustainable plastic packaging was valued at $81.6 billion in 2023. The market is expected to grow from $86.6 billion in 2024 to $122.4 billion by the end of 2029, at a compound annual growth rate, or CAGR, of 7.2% from 2024 to 2029.
Bio-Based Naphtha: Global Markets
The global bio-based naphtha market should reach $3.9 billion by 2028 from $1.7 billion in 2023 at a compound annual growth rate (CAGR) of 18.3% for the forecast period of 2023 to 2028.
Sustainable Biopolymers: Global Markets
The global market for biodegradable polymers is estimated to increase from $4.8 billion in 2022 to reach $14.4 billion by 2027, at a compound annual growth rate (CAGR) of 24.8% from 2022 through 2027.
Sustainable Aviation Fuel: Global Market Outlook
Sustainable aviation fuel (SAF) is a kind of biofuel used to power aircraft. The goal is to provide an up-to-date analysis of the SAF market and future opportunities in the market. The study comprehensively accounts for worldwide SAF markets in a multi-client format. It presents a thorough and up-to-date global assessment of the market and business of the SAF. This will help industry participants, suppliers, government bodies, associations, and customers make the informed decisions needed to compete and succeed in the marketplace. The main objective of the study is to present a comprehensive analysis of the current market and the future direction of the market.
Recent Reports
Adhesives and Adhesive-Applying Equipment: Technologies and Global Markets
The global market for adhesives and adhesive-applying equipment is expected to grow from $72.1 billion in 2024 and is projected to reach $89.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 4.5% during the forecast period of 2024 to 2029.
Technical Textiles: Global Markets
The global market for technical textiles is expected to grow from $213.8 billion in 2024 and is projected to reach $284.0 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.8% during the forecast period of 2024 to 2029.
Green Solvents: Technologies, Emerging Opportunities and Markets
The global market for green solvents reached $4.5 billion in 2023. The market is expected to grow from $4.9 billion in 2024 and forecast to reach $7.7 billion by 2029, at a compound annual growth rate (CAGR) of 9.3% from 2024 through 2029.
Specialty Chemicals Integrated Across Multiple Vertical Applications: Global Markets
The global market for specialty chemicals is estimated to increase from $1.3 trillion in 2023 to reach $1.7 trillion by 2029, at a compound annual growth rate (CAGR) of 4.9% from 2024 through 2029.
Global Markets and Advanced Technologies for Paints and Coatings
The global market for paints and coatings was valued at $194.0 billion in 2023. The market is expected to grow from $203.8 billion in 2024 and should reach $263.2 billion by 2029, at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2029.
Top Trending Reports
Single-use Technologies for Biopharmaceuticals: Global Markets
The global market for single-use technologies for biopharmaceuticals is expected to grow from $6.5 billion in 2024 and is projected to reach $11.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 11.6% during the forecast period of 2024 to 2029.
Cell and Gene Therapy Tools, and Reagents: Global Markets
The global market for Cell and Gene Therapy (CGT) Tools and Reagents is estimated to increase from $10.0 billion in 2024 to reach $16.7 billion by 2029, at a compound annual growth rate (CAGR) of 10.8% from 2024 through 2029.
Medical Devices Industry: Competitive Landscape
The global market for medical devices is estimated to increase from 810.4 billion in 2024 to reach $1.3 trillion by 2029, at a compound annual growth rate (CAGR) of 9.8% from 2024 through 2029.
Global Market Opportunities and Competitive Landscape for CDMO
The global CDMO market was valued at $128.0 billion in 2023. This market is expected to grow from $136.6 billion in 2024 to $191.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2029.
Chronic Disease Management: Therapeutics, Device Technologies and Global Markets
The global market for chronic disease management therapeutics and device technologies was valued at $675.0 billion in 2023. It is projected to grow from $726.3 billion in 2024 to $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 8.1% from 2024 through 2029.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More