Home > Chemicals & Materials > Biobased Chemicals > Biobased Chemical Feedstocks > Hydrotreated Vegetable Oil Market

Hydrotreated Vegetable Oil Market Share

Report ID: GMI11238
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

Hydrotreated Vegetable Oil Market Share

The global hydrotreated vegetable oil market is highly competitive, with top companies like Neste, TotalEnergies, and Valero Energy leading the way. Each playing a pivotal role in the sector's evolution. Neste, with its vast experience and state-of-the-art technology in HVO production, has cemented its status as a global frontrunner in renewable diesel. Through continuous investments in R&D and strategic expansions, Neste not only fortifies its market position but also spearheads innovation.

TotalEnergies bolsters this dominance with a strong commitment to weaving HVO into its renewable energy blueprint. Utilizing its expansive global infrastructure and technological prowess, the company adeptly navigates stringent environmental regulations, solidifying its stature in the shift towards cleaner fuels.

Hydrotreated Vegetable Oil Market Companies

Major players operating in the industry include:

ALFA LAVAL
Cepsa
Desmet
DIAMOND GREEN DIESEL
Neste
Preem
Repsol
Shell
TotalEnergies
UPM Biofuels
Valero Energy
World Energy

Authors: Kiran Pulidindi , Manish Dhiman

Frequently Asked Questions (FAQ) :

Market size for hydrotreated vegetable oil was USD 24.2 billion in 2023 and is expected to register over 13.3% CAGR from 2024-2032 due to the rising use of HVO as a direct substitute for traditional diesel, capitalizing on its seamless compatibility with current engines and infrastructure worldwide.

Hydrotreated vegetable oil industry from the food and feed crops segment is expected to register 12.7% CAGR from 2024-2032 due to their widespread availability and suitability for large-scale production.

Europe industry held a major share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to rigorous environmental regulations and robust backing for renewable fuels in the region.

ALFA LAVAL, Cepsa, Desmet, DIAMOND GREEN DIESEL, Neste, Preem, Repsol, Shell, TotalEnergies, UPM Biofuels, Valero Energy, and World Energy, are some of the major hydrotreated vegetable oil companies worldwide.