Title: Global Hydrotreated Vegetable Oil (HVO) Market Research Report: Forecast (2024-2030)
1Global Hydrotreated Vegetable Oil (HVO) Market
Research Report Forecast (2024-2030)
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2Who We Are
- MarkNtel Advisors is a leading research,
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- Our team entails professional analysts and
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4Market Insights
- The Global Hydrotreated Vegetable Oil Market is
estimated to grow at a CAGR of around 12.4
during the forecast period, i.e., 2024-30. The
global shift toward reducing carbon footprints
and embracing renewable energy sources is a
pivotal factor set to propel the demand for
hydrotreated vegetable oil (HVO) in the
forthcoming years. Positioned as an eco-friendly
alternative to fossil diesel, HVO offers distinct
advantages, notably lower greenhouse gas
emissions, aligning with diverse industries'
sustainability targets encompassing
transportation, power generation, and heat
production. Government-led initiatives worldwide,
including mandates for biofuel blending,
ambitious carbon reduction goals, and financial
incentives, present a conducive environment for
the uptake of HVO oil, spurring the global
hydrotreated vegetable oil market.
5Global Hydrotreated Oil Market Driver
Adoption of Hydrotreated Vegetable Oil in
Transportation Sector to Boost Market Growth In
recent years, countries like the UK, France, the
US, etc., have been largely focused on reducing
their carbon emissions, which has substantially
increased due to the rapid industrialization
soaring usage of diesel-fueled vehicles. These
emissions resulted in climate changes numerous
health hazards. As a result, the transportation
sector across these countries has been
transitioning toward renewable fuels like
hydrotreated vegetable oil, aiming to reduce the
overall carbon emissions.
6Market Segmentation of the Industry
- By Type (Pure HVO-Market, Co-processed
HVO-Market), By Feedstock (Rapeseed-Market,
Sunflower-Market, Soybean-Market, Palm-Market,
Others Jatropha, Coconut Oil, etc.), By
Application (Transportation Road Transport,
Aviation, Others Agricultural, Railways, etc.,
Power Generation), By Region (North America,
South America, Europe, The Middle East Africa,
Asia-Pacific),
7Competitive Benchmarking
Neste Oyj, Valero Energy Ltd, Eni, Cepsa,
TotalEnergies, Preem, Repsol, Green Biofuels
Limited, Shell, Watson Fuels, Crown Oil Ltd,
Interion Pte Ltd, Targray, Prema Energy Ltd,
Others
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13Contact Us
MarkNtel Advisors is a leading research,
consulting, data analytics firm that provides
an extensive range of strategic reports on
diverse industry verticals. We deliver data to a
substantial varied client base, including
multinational corporations, financial
institutions, governments, individuals, among
others.
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