수소화 식물성 오일 (HVO) 시장

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.  

Summary:

Growing concerns about the effects of fossil-based fuels on the environment are anticipated to enhance the demand for HVO, an environmentally friendly and functional substitute for fossil fuels. Several countries, such as Germany and the U.S., have enacted laws and policies to encourage the use of biofuels and reduce emissions. HVO can be utilized as a renewable fuel in current diesel engine vehicles and shares a chemical composition with fossil fuels.

Hydrotreated vegetable oil (HVO) can assist enterprises in adhering to sustainable rules and bolster their reputations for sustainability. HVO is majorly used as a biofuel in various applications such as transportation fuel and power generation. Overall, the need for HVO is enhanced by the goal of creating a more sustainable and environmentally friendly economy, increasing energy security, and satisfying consumer demand for eco-friendly goods and materials.

The major HVO producers constantly struggle to become more sustainable to maintain dominance in the growing market for sustainable fuels. Therefore, they observe various legislation, funding schemes, and technological advancements that will boost demand for HVO. HVO has also been approved as an aviation (bio jet) fuel based on REDACTED. In 2011, an updated standard version was published, allowing the addition of up to REDACTED% biobased components (HVO) to conventional jet fuel. HVO is, therefore, an important alternative to implementing renewable aviation fuels (ETIP Bioenergy, 2020).

HVO is recognized as a sustainable alternative to conventional fossil fuels, aligning with global efforts to reduce greenhouse gas emissions (GHG). Government policies and regulations promoting biofuels further propel market growth. Additionally, the growing emphasis on energy security and the need for diversified fuel sources drive investments in HVO production. Technological advancements and increased production efficiency also play a crucial role in making HVO more economically viable. The market’s responsiveness to consumer preferences for renewable, cleaner energy solutions amplifies its momentum.

In 2022, the German national railway company, Deutsche Bahn, partnered with Shell to procure HVO for non-electric train applications. This all started with the DB Sylt Shuttle train, one of Germany’s most famous and scenic train connections. This significant turning point demonstrates how vital clean HVO channels are to achieving significant decarbonization for current transportation modes.

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 Includes:

• An overview of the global market landscape related to the hydrotreated vegetable oil (HVO)
• In-depth analysis of global market trends, both in terms of value and volume, featuring historical revenue data for 2022, estimated figures for 2023, as well as forecasts for 2024. This analysis includes projections of Compound Annual Growth Rates (CAGRs) spanning through 2028.
• Evaluation of the current market size and revenue growth prospects specific to hydrotreated vegetable oil (HVO), accompanied by a comprehensive market share analysis categorized by source, end-user, application, and geographical region
• A look at the innovations, technological advancements, and insights into government policies and regulations promoting biofuels
• Discussion on ESG challenges and ESG practices in the HVO industry
• Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other key market strategies
• Comprehensive company profiles of the leading players of the industry

Table of Contents
Chapter 1 Executive Summary
Market Outlook
Scope of Report
Market Summary
Chapter 2 Market Overview
Introduction to Hydrotreated Vegetable Oil
Importance of HVO
Porter’s Five Forces Analysis
Bargaining Power of Suppliers: Moderate
Bargaining Power of Buyers: Moderate
Competition in the Industry: High
Threat of Substitutes: High
Threat of Market Entry: Low
Chapter 3 Market Dynamics
Global Market Dynamics
Market Drivers
Market Challenges
Supply Chain Analysis
Regulatory Landscape
Pricing Overview
Chapter 4 Market Segmentation Analysis
Segmental Breakdown
Hydrotreated Vegetable Oil Market by Source
Market Size and Forecast
Hydrotreated Vegetable Oil Market by Application
Market Size and Forecast
Hydrotreated Vegetable Oil Market by End-Use Industry
Market Size and Forecast
Global Hydrotreated Vegetable Oil Market Size by Region
Geographic Breakdown
Market Size and Forecast
North America
Europe
Asia-Pacific
Rest of World
Chapter 5 Competitive Intelligence
Market Competitiveness
Market Share Analysis
Strategic Developments
Chapter 6 Sustainability in the HVO Industry: An ESG Perspective
Importance of ESG in the Hydrotreated Vegetable Oil Industry
ESG Ratings and Metrics: Understanding the Data
ESG Practices in the Hydrotreated Vegetable Oil Industry
ESG Carbon Footprint Issue Analysis
Regulatory & Sustainability Programs
Current Status of ESG in the Hydrotreated Vegetable Oil Market
Concluding Remarks from BCC Research
Chapter 7 Appendix
Methodology
Abbreviations
References
Company Profiles
CHEVRON RENEWABLE ENERGY GROUP
DIAMOND GREEN DIESEL
ENI SPA
NESTE
PREEM AB
REPSOL
SHELL PLC
TOTALENERGIES
UPM BIOFUELS

List of Tables
Summary Table : Global Market for Hydrotreated Vegetable Oil, by Region, Through 2028
Table 1 : Global Market Volumes of HVO, by Source, Through 2028
Table 2 : Global Market for HVO, by Source, Through 2028
Table 3 : Global Market Volumes of HVO, by Application, Through 2028
Table 4 : Global Market for HVO, by Application, Through 2028
Table 5 : Global Market Volumes of HVO, by End-Use Industry, Through 2028
Table 6 : Global Market for HVO, by End-Use Industry, Through 2028
Table 7 : Global Market Volumes of HVO, by Region, Through 2028
Table 8 : Global Market for HVO, by Region, Through 2028
Table 9 : North American Market Volumes of HVO, by Source, Through 2028
Table 10 : North American Market for HVO, by Source, Through 2028
Table 11 : North American Market Volumes of HVO, by Application, Through 2028
Table 12 : North American Market for HVO, by Application, Through 2028
Table 13 : North American Market Volumes of HVO, by End-Use Industry, Through 2028
Table 14 : North American Market for HVO, by End-Use Industry, Through 2028
Table 15 : European Market Volumes of HVO, by Source, Through 2028
Table 16 : European Market for HVO, by Source, Through 2028
Table 17 : European Market Volumes of HVO, by Application, Through 2028
Table 18 : European Market for HVO, by Application, Through 2028
Table 19 : European Market Volumes of HVO, by End-Use Industry, Through 2028
Table 20 : European Market for HVO, by End-Use Industry, Through 2028
Table 21 : Asia-Pacific Market Volumes of HVO, by Source, Through 2028
Table 22 : Asia-Pacific Market for HVO, by Source, Through 2028
Table 23 : Asia-Pacific Market Volumes of HVO, by Application, Through 2028
Table 24 : Asia-Pacific Market for HVO, by Application, Through 2028
Table 25 : Asia-Pacific Market Volumes of HVO, by End-Use Industry, Through 2028
Table 26 : Asia-Pacific Market for HVO, by End-Use Industry, Through 2028
Table 27 : Rest of World Market Volumes of HVO, by Source, Through 2028
Table 28 : Rest of World Market for HVO, by Source, Through 2028
Table 29 : Rest of World Market Volumes of HVO, by Application, Through 2028
Table 30 : Rest of World Market for HVO, by Application, Through 2028
Table 31 : Rest of World Market Volumes of HVO, by End-Use Industry, Through 2028
Table 32 : Rest of World Market for HVO, by End-Use Industry, Through 2028
Table 33 : Key Developments in the Hydrotreated Vegetable Oil Market, 2019–2022
Table 34 : ESG Factors Impacting the Hydrotreated Vegetable Oil Market
Table 35 : ESG Carbon Footprint Issue Analysis
Table 36 : GHG Emissions, 2022
Table 37 : Regulatory and Sustainability Program Analysis
Table 38 : ESG Ratings by Hydrotreated Vegetable Oil Company
Table 39 : Abbreviations Used in the Global Hydrotreated Vegetable Oil Market
Table 40 : Chevron Renewable Energy Group: Company Snapshot
Table 41 : Chevron Renewable Energy Group: Product Portfolio
Table 42 : Chevron Renewable Energy Group: News/Key Developments, 2022
Table 43 : Diamond Green Diesel: Company Snapshot
Table 44 : Diamond Green Diesel: Product Portfolio
Table 45 : Eni SpA: Company Snapshot
Table 46 : Eni SpA: Financial Performance, FY 2021 and 2022
Table 47 : Eni SpA: Product Portfolio
Table 48 : Eni SpA: News/Key Developments, 2022 and 2023
Table 49 : Neste: Company Snapshot
Table 50 : Neste: Financial Performance, FY 2021 and 2022
Table 51 : Neste: Product Portfolio
Table 52 : Neste: News/Key Developments, 2022 and 2023
Table 53 : Preem AB: Company Snapshot
Table 54 : Preem AB: Financial Performance, FY 2021 and 2022
Table 55 : Preem AB: Product Portfolio
Table 56 : Preem AB: News/Key Developments, 2021 and 2022
Table 57 : Repsol: Company Snapshot
Table 58 : Repsol: Financial Performance, FY 2021 and 2022
Table 59 : Repsol: Product Portfolio
Table 60 : Repsol: News/Key Developments, 2022 and 2023
Table 61 : Shell Plc: Company Snapshot
Table 62 : Shell Plc: Financial Performance, FY 2021 and 2022
Table 63 : Shell Plc: Product Portfolio
Table 64 : Shell Plc: News/Key Developments, 2019-2022
Table 65 : TotalEnergies: Company Snapshot
Table 66 : TotalEnergies: Financial Performance, FY 2021 and 2022
Table 67 : TotalEnergies SE: Product Portfolio
Table 68 : TotalEnergies SE: News/Key Developments, 2020–2022
Table 69 : UPM Biofuels: Company Snapshot
Table 70 : UPM Biofuels: Product Portfolio

List of Figures
Summary Figure : Global Market Shares of Hydrotreated Vegetable Oil, by Region, 2022
Figure 1 : Porter’s Five Forces Analysis: Hydrotreated Vegetable Oil Market
Figure 2 : Supply Chain Partners Ecosystem: Hydrotreated Vegetable Oil
Figure 3 : Pricing Trends for Hydrotreated Vegetable Oil, by Source, 2022–2028
Figure 4 : Global Market Shares of HVO, by Source, 2022
Figure 5 : Global Market Shares of HVO, by Application, 2022
Figure 6 : Global Market Shares of HVO, by End-Use Industry, 2022
Figure 7 : Global Market Shares of HVO, by Region, 2022
Figure 8 : North American Market Shares of HVO, by Source, 2022
Figure 9 : North American Market Shares of HVO, by Application, 2022
Figure 10 : North American Market Shares of HVO, by End-Use Industry, 2022
Figure 11 : European Market Shares of HVO, by Source, 2022
Figure 12 : European Market Shares of HVO, by Application, 2022
Figure 13 : European Market Shares of HVO, by End-Use Industry, 2022
Figure 14 : Asia-Pacific Market Shares of HVO, by Source, 2022
Figure 15 : Asia-Pacific Market Shares of HVO, by Application, 2022
Figure 16 : Asia-Pacific Market Shares of HVO, by End-Use Industry, 2022
Figure 17 : Rest of World Market Shares of HVO, by Source, 2022
Figure 18 : Rest of World Market Shares of HVO, by Application, 2022
Figure 19 : Rest of World Market Shares of HVO, by End-Use Industry, 2022
Figure 20 : Market Entry Strategies: Suggestions for Small- and Medium-Sized Players
Figure 21 : Global Market Share Analysis of HVO, by Leading Companies, 2022
Figure 22 : ESG Factors in the Hydrotreated Vegetable Oil Market
Figure 23 : Eni SpA: Revenue Share, by Business Unit, FY 2022
Figure 24 : Eni SpA: Revenue Share, by Country/Region, FY 2022
Figure 25 : Neste: Revenue Share, by Business Unit, FY 2022
Figure 26 : Neste: Revenue Share, by Country/Region, FY 2022
Figure 27 : Neste: Renewable Products’ Revenue Share, by Country/Region, FY 2022
Figure 28 : Preem AB: Revenue Share, by Business Unit, FY 2022
Figure 29 : Preem AB: Revenue Share, by Country/Region, FY 2022
Figure 30 : Preem AB: Purchase of Renewable Products’ Revenue Share, by Country, FY 2022
Figure 31 : Repsol: Revenue Share, by Business Unit, FY 2022
Figure 32 : Shell Plc: Revenue Share, by Business Unit, FY 2022
Figure 33 : TotalEnergies: Revenue Share, by Business Unit, FY 2022
Figure 34 : TotalEnergies SE: Revenue Share, by Country/Region, FY 2022