출판：Daedal Research 출판년월：2022년09월
세계 재생가능 디젤(Renewable Diesel) 시장 : 생산, 소비, 원료(수지, UCO, 옥수수유, 어류유 등), 지역규모별 분석, 동향, 2027년까지 예측
Global Renewable Diesel Market: Analysis By Production, By Consumption, By Feedstock (Tallow, UCO, Corn Oil, Fish Oil, and Other), By Region Size and Trends with Impact of COVID-19 and Forecast up to 2027
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| 구성 | 영문조사보고서 |
The global renewable diesel market by production has reached 2.61 billion gallons in 2021. The market is expected to reach 7.45 billion gallons per year by 2027. The global consumption of renewable diesel has increased to 2.70 billion gallons in 2021 and is expected to reach 6.89 billion gallons by 2027. Renewable diesel is a hydrocarbon that is chemically equivalent to petroleum diesel and can be used as a drop-in biofuel and can be transported in petroleum pipelines and sold at retail stations with or without blending with petroleum diesel.
The mounting environment-friendliness, renewability, and biodegradability of renewable diesel would be the main factor driving the growth of the market in the coming years. Also, the renewable diesel industry is set to grow with fuel refiners looking for alternative growth paths in a low-carbon world. Renewable diesel production is expected to grow at a CAGR of 19.09% during the forecast period of 2022-2027. Whereas, consumption is expected to grow at a CAGR of 16.95% during the projected years.
재생 가능한 디젤의 환경 친화성, 재생 가능성 및 생분해성이 향후 몇 년 동안 시장 성장을 주도하는 주요 요인이 될 것입니다. 또한 재생 가능한 디젤 산업은 저탄소 세계에서 대체 성장 경로를 찾는 연료 정제 업체와 함께 성장할 것입니다. 재생 가능한 디젤 생산은 2022-2027년의 예측 기간 동안 19.09%의 CAGR로 성장할 것으로 예상됩니다. 반면 소비는 예상 기간 동안 16.95%의 CAGR로 성장할 것으로 예상됩니다.
Market Segmentation Analysis:
By Production: The report provides insight into the renewable diesel market’s production based on the regions namely Europe, North America, and Asia Pacific. Europe held the highest share of more than 45% in the market in 2021, followed by the North America and Asia Pacific region. Europe has historically been the largest market for the product due to early acceptance of the product in the region as well as government emphasis on replacing carbon-emitting sources with bio-based sources. One of the major reasons for the growth of renewable diesel production was the adoption of the Renewable Energy Directive (RED) II.
In 2021, the US was the sole producer of renewable diesel in the North American region. Renewable diesel capacities are going through a phase of rapid expansion in the US, led by global refiners retrofitting existing fossil fuel refineries to process renewable feedstock.
Asia-Pacific’s decarbonization efforts are likely to determine the scale of adoption of renewable diesel. Emerging interest in sustainable energy resources would emphasize the adoption of renewable products, which is expected to increase the demand for renewable diesel and thereby contribute to its capacity growth in Asia.
By Consumption: The report provides a glimpse of the consumption of renewable diesel around the world. North America, Europe, and the Asia Pacific are the three geographic regions that contribute to the global market for renewable diesel based on consumption.
Based on consumption, the European market has been segmented into the following regions: Germany, Italy, France, Spain, the UK, and the Rest of Europe (ROE). By using a minimum of 14% of renewable energy in road and rail transport by 2030, renewable diesel is expected to be used as an alternative for refineries to meet Europe’s renewable energy directive-II (RED-II) goals, leading to market growth.
In North America, Canada’s Clean Fuel Standard is expected to boost renewable diesel use in the coming years. The program aims to achieve 30 million tons of annual reductions in greenhouse gas (GHG) emissions by 2030. The Asia Pacific renewable diesel market can be segmented into the following regions based on consumption: China and Indonesia. It is anticipated that Indonesia would be the main consumer of renewable diesel by the end of 2027, with the highest CAGR.
By Feedstock: The US renewable diesel market production is further bifurcated based on the feedstock: Tallow, UCO (Used Cooking Oil), Corn Oil, Fish Oil, and Others. In 2021, the tallow held the major share in the US renewable diesel market owing to its properties like the high centralized generation in slaughter/processing facilities and comparatively low prices. Corn oil is expected to grow at the highest rate in the forthcoming years. The low carbon feedstock market is experiencing surging demand and higher prices.
Market Dynamics:
Growth Drivers: The global renewable diesel market has been growing over the past few years due to the factors such as growing motor vehicle production, rising carbon emission, depletion of fossil fuels, growing aviation industry, policy support for renewable diesel, increasing investment in renewable diesel, etc. The increasing threat of fossil fuel depletion and the need to include renewable sources of energy in the energy mix for sustainable growth is anticipated to drive the demand for renewable diesel. Also, renewable diesel costs more to produce than conventional fossil diesel, and therefore policy support is necessary to make renewable diesel production commercially viable. The most important US policy instruments for renewable diesel producers are the Renewable Fuel Standard, the biomass-based diesel blenders tax credit, and state level incentives for decarbonizing transportation fuel such as the California Low Carbon Fuel Standard and the Oregon Clean Fuels Program.
Challenges: However, the market has been confronted with some challenges specifically, insufficient availability of feedstocks, problems associated with the quality control of renewable diesel, difficulty in finding the right place to produce renewable diesel, availability of substitutes, etc.
Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as increasing energy consumption, a structural shift to renewable diesel, more economic in nature, increasing acceptance of eco-friendly fuel, etc. Biodiesel and renewable diesel are set to become increasingly important in decarbonizing the diesel transportation sector as intensifying focus on climate change and legislations toward greenhouse gas (GHG) reduction bring new growth drivers to the transportation and biofuel markets.
Impact Analysis of COVID-19 and Way Forward:
The global renewable diesel market has experienced positive growth during the pandemic. In 2020, fuel use declines in heavy-duty commercial vehicles were less severe, offsetting declines in light-duty passenger use of diesel and providing relative stability to the distillate market as compared to the light-duty fuels market which was fully impacted by lockdown measures. In 2021, renewable diesel demand further increased as the road transport sector rebounded. In the post-COVID era, factors such as government support for the consumption of renewable diesel by providing subsidiaries and growing demand for eco-friendly fuels that reduce greenhouse gas emissions are anticipated to drive market growth.
Competitive Landscape:
The global renewable diesel market is moderately consolidated. The key players in the global renewable diesel market are:
Neste
PBF Energy Inc.
Chevron Corporation (Renewable Energy Group)
Valero Energy Corporation
GEVO, Inc.
Phillips 66
Aemetis, Inc.
Marathon Petroleum Corporation
Shell plc
Global Clean Energy Holdings, Inc.
Ryze Renewables
World Energy
Renewable diesel production capacity is currently increasing rapidly, not just in the US but around the world. In 2022, Diamond Green Diesel LLC has a production capacity of 982 million gallons per year whereas, the renewable energy group has a production capacity of 100 million gallons per year. In the US renewable diesel market, Neste held the highest market share, followed by DGD.
목차
1. Executive Summary
2. Introduction
2.1 Renewable Diesel: An Overview
2.1.1 Introduction to Renewable Diesel
2.1.2 Difference Between Renewable Diesel and Bio Diesel
2.1.3 Benefits of Using Renewable Diesel
2.1.4 Diesel Fuel Properties
2.1.5 Renewable Diesel Production Process
2.2 Renewable Diesel Segmentation: An Overview
2.2.1 Renewable Diesel Segmentation
3. Global Market Analysis
3.1 Global Renewable Diesel Market Production: An Analysis
3.1.1 Global Renewable Diesel Market Production: An Overview
3.1.2 Global Renewable Diesel Market by Production
3.1.3 Global Renewable Diesel Market Production by Region
3.2 Global Renewable Diesel Market Consumption: An Analysis
3.2.1 Global Renewable Diesel Market Consumption: An Overview
3.2.2 Global Renewable Diesel Market by Consumption
3.2.3 Global Renewable Diesel Market Consumption by Region
4. Regional Market Analysis
4.1 Europe Renewable Diesel Market: An Analysis
4.1.1 Europe Renewable Diesel Market Production: An Overview
4.1.2 Europe Renewable Diesel Market by Production
4.1.3 Europe Renewable Diesel Market Production by Region
4.1.4 Italy Renewable Diesel Market by Production
4.1.5 France Renewable Diesel Market by Production
4.1.6 Spain Renewable Diesel Market by Production
4.1.7 The UK Renewable Diesel Market by Production
4.1.8 Rest of Europe Renewable Diesel Market by Production
4.1.9 Europe Renewable Diesel Market Consumption: An Overview
4.1.10 Europe Renewable Diesel Market by Consumption
4.1.11 Europe Renewable Diesel Market Consumption by Region
4.1.12 Germany Renewable Diesel Market by Consumption
4.1.13 Italy Renewable Diesel Market by Consumption
4.1.14 France Renewable Diesel Market by Consumption
4.1.15 Spain Renewable Diesel Market by Consumption
4.1.16 The UK Renewable Diesel Market by Consumption
4.1.17 Rest of Europe Renewable Diesel Market by Consumption
4.2 North America Renewable Diesel Market: An Analysis
4.2.1 North America Renewable Diesel Market Production: An Overview
4.2.2 North America Renewable Diesel Market by Production
4.2.3 North America Renewable Diesel Market Production by Region
4.2.4 The US Renewable Diesel Market by Production
4.2.5 The US Renewable Diesel Market Production by Feedstock
4.2.6 The US Tallow Renewable Diesel Market by Production
4.2.7 The US UCO Renewable Diesel Market by Production
4.2.8 The US Corn Oil Renewable Diesel Market by Production
4.2.9 The US Fish Oil Renewable Diesel Market by Production
4.2.10 The US Other Renewable Diesel Market by Production
4.2.11 Canada Renewable Diesel Market by Production
4.2.12 North America Renewable Diesel Market Consumption: An Overview
4.2.13 North America Renewable Diesel Market by Consumption
4.2.14 North America Renewable Diesel Market Consumption by Region
4.2.15 The US Renewable Diesel Market by Consumption
4.2.16 Canada Renewable Diesel Market by Consumption
4.3 Asia Pacific Renewable Diesel Market: An Analysis
4.3.1 Asia Pacific Renewable Diesel Market Production: An Overview
4.3.2 Asia Pacific Renewable Diesel Market by Production
4.3.3 Asia Pacific Renewable Diesel Market Production by Region
4.3.4 Singapore Renewable Diesel Market by Production
4.3.5 China Renewable Diesel Market by Production
4.3.6 Indonesia Renewable Diesel Market by Production
4.3.7 Asia Pacific Renewable Diesel Market Consumption: An Overview
4.3.8 Asia Pacific Renewable Diesel Market by Consumption
4.3.9 Asia Pacific Renewable Diesel Market Consumption by Region
4.3.10 China Renewable Diesel Market by Consumption
4.3.11 Indonesia Renewable Diesel Market by Consumption
5. Impact of COVID-19
5.1 Impact of COVID-19 on Renewable Diesel Market
5.2 Post-COVID Impact on Renewable Diesel Market
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Growing Motor Vehicle Production
6.1.2 Rising Carbon Emission
6.1.3 Depletion of Fossil Fuels
6.1.4 Growing Aviation Industry
6.1.5 Policy Support For Renewable Diesel
6.1.6 Increasing Investment in Renewable Diesel
6.2 Challenges
6.2.1 Insufficient Availability of Feedstocks
6.2.2 Problems Associated with the Quality Control of Renewable Diesel
6.2.3 Difficulty in Finding the Right Place to Produce Renewable Diesel
6.2.4 Availability of Substitutes
6.3 Market Trends
6.3.1 Increasing Energy Consumption
6.3.2 Structural Shift to Renewable Diesel
6.3.3 Renewable Diesels Are Proving To Be More Economic
6.3.4 Increasing Acceptance of Eco-Friendly Fuel
7. Competitive Landscape
7.1 The US Renewable Diesel Plant by Production Capacity
7.2 The US Targeted Production Capacity by Targeted Production Capacity
7.3 The US and Canada Planned Renewable Diesel Projects by Build Type
7.4 The US Renewable Diesel Players by Market Share
8. Company Profile
8.1 Neste
8.1.1 Business Overview
8.1.2 Operating Segments
8.1.3 Business Strategy
8.2 PBF Energy Inc.
8.2.1 Business Overview
8.2.2 Operating Segments
8.2.3 Business Strategy
8.3 Chevron Corporation (Renewable Energy Group)
8.3.1 Business Overview
8.3.2 Operating Segments
8.3.3 Business Strategy
8.4 Valero Energy Corporation
8.4.1 Business Overview
8.4.2 Operating Segments
8.4.3 Business Strategy
8.5 GEVO, Inc.
8.5.1 Business Overview
8.5.2 Operating Segments
8.5.3 Business Strategy
8.6 Phillips 66
8.6.1 Business Overview
8.6.2 Operating Segments
8.6.3 Business Strategy
8.7 Aemetis, Inc.
8.7.1 Business Overview
8.7.2 Operating Segments
8.7.3 Business Strategy
8.8 Marathon Petroleum Corporation
8.8.1 Business Overview
8.8.2 Operating Segments
8.8.3 Business Strategy
8.9 Shell plc
8.9.1 Business Overview
8.9.2 Operating Segment
8.9.3 Business Strategy
8.10 Global Clean Energy Holdings, Inc.
8.10.1 Business Overview
8.10.2 Business Strategy
8.11 Ryze Renewables
8.11.1 Business Overview
8.11.2 Business Strategy
8.12 World Energy
8.12.1 Business Overview
8.12.2 Business Strategy
List of Figures
Figure 1: Renewable Diesel Production Process
Figure 2: Renewable Diesel Segmentation by Feedstock
Figure 3: Global Renewable Diesel Market by Production; 2017-2021 (Billion Gallon Per Year)
Figure 4: Global Renewable Diesel Market by Production; 2022-2027 (Billion Gallon Per Year)
Figure 5: Global Renewable Diesel Market Production by Region; 2021 & 2027 (Percentage, %)
Figure 6: Global Renewable Diesel Market by Consumption; 2017-2021 (Billion Gallon Per Year)
Figure 7: Global Renewable Diesel Market by Consumption; 2022-2027 (Billion Gallon Per Year)
Figure 8: Global Renewable Diesel Market Consumption by Region; 2021 & 2027 (Percentage, %)
Figure 9: Europe Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
Figure 10: Europe Renewable Diesel Market by Production; 2022-2027 (Billion Gallon Per Year)
Figure 11: Europe Renewable Diesel Market Production by Region; 2021 & 2027 (Percentage, %)
Figure 12: Italy Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
Figure 13: Italy Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
Figure 14: France Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
Figure 15: France Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
Figure 16: Spain Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
Figure 17: Spain Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
Figure 18: The UK Renewable Diesel Market by Production; 2021-2027 (Million Gallon Per Year)
Figure 19: Rest of Europe Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
Figure 20: Rest of Europe Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
Figure 21: Europe Renewable Diesel Market by Consumption; 2017-2021 (Million Gallon Per Year)
Figure 22: Europe Renewable Diesel Market by Consumption; 2022-2027 (Billion Gallon Per Year)
Figure 23: Europe Renewable Diesel Market Consumption by Region; 2021 & 2027 (Percentage, %)
Figure 24: Germany Renewable Diesel Market by Consumption; 2020-2021 (Million Gallon Per Year)
Figure 25: Germany Renewable Diesel Market by Consumption; 2022-2027 (Million Gallon Per Year)
Figure 26: Italy Renewable Diesel Market by Consumption; 2017-2021 (Million Gallon Per Year)
Figure 27: Italy Renewable Diesel Market by Consumption; 2022-2027 (Million Gallon Per Year)
Figure 28: France Renewable Diesel Market by Consumption; 2017-2021 (Million Gallon Per Year)
Figure 29: France Renewable Diesel Market by Consumption; 2022-2027 (Million Gallon Per Year)
Figure 30: Spain Renewable Diesel Market by Consumption; 2017-2021 (Million Gallon Per Year)
Figure 31: Spain Renewable Diesel Market by Consumption; 2022-2027 (Million Gallon Per Year)
Figure 32: The UK Renewable Diesel Market by Consumption; 2021-2027 (Million Gallon Per Year)
Figure 33: Rest of Europe Renewable Diesel Market by Consumption; 2017-2021 (Million Gallon Per Year)
Figure 34: Rest of Europe Renewable Diesel Market by Consumption; 2022-2027 (Million Gallon Per Year)
Figure 35: North America Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
Figure 36: North America Renewable Diesel Market by Production; 2022-2027 (Billion Gallon Per Year)
Figure 37: North America Renewable Diesel Market Production by Region; 2021 & 2027 (Percentage, %)
Figure 38: The US Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
Figure 39: The US Renewable Diesel Market by Production; 2022-2027 (Billion Gallon Per Year)
Figure 40: The US Renewable Diesel Market Production by Feedstock; 2021 (Percentage, %)
Figure 41: The US Tallow Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
Figure 42: The US Tallow Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
Figure 43: The US UCO Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
Figure 44: The US UCO Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
Figure 45: The US Corn Oil Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
Figure 46: The US Corn Oil Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
Figure 47: The US Fish Oil Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
Figure 48: The US Fish Oil Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
Figure 49: The US Other Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
Figure 50: The US Other Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
Figure 51: Canada Renewable Diesel Market by Production; 2022-2024 (Million Gallon Per Year)
Figure 52: North America Renewable Diesel Market by Consumption; 2017-2021 (Million Gallon Per Year)
Figure 53: North America Renewable Diesel Market by Consumption; 2022-2027 (Billion Gallon Per Year)
Figure 54: North America Renewable Diesel Market Consumption by Region; 2021 & 2027 (Percentage, %)
Figure 55: The US Renewable Diesel Market by Consumption; 2017-2021 (Million Gallon Per Year)
Figure 56: The US Renewable Diesel Market by Consumption; 2022-2027 (Billion Gallon Per Year)
Figure 57: Canada Renewable Diesel Market by Consumption; 2017-2021 (Million Gallon Per Year)
Figure 58: Canada Renewable Diesel Market by Consumption; 2022-2027 (Million Gallon Per Year)
Figure 59: Asia Pacific Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
Figure 60: Asia Pacific Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
Figure 61: Asia Pacific Renewable Diesel Market Production by Region; 2021 & 2027 (Percentage, %)
Figure 62: Singapore Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
Figure 63: Singapore Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
Figure 64: China Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
Figure 65: China Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
Figure 66: Indonesia Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
Figure 67: Asia Pacific Renewable Diesel Market by Consumption; 2018-2021 (Million Gallon Per Year)
Figure 68: Asia Pacific Renewable Diesel Market by Consumption; 2022-2027 (Million Gallon Per Year)
Figure 69: Asia Pacific Renewable Diesel Market Consumption by Region; 2021 & 2027 (Percentage, %)
Figure 70: China Renewable Diesel Market by Consumption; 2018-2021 (Million Gallon Per Year)
Figure 71: China Renewable Diesel Market by Consumption; 2022-2027 (Million Gallon Per Year)
Figure 72: Indonesia Renewable Diesel Market by Consumption; 2022-2027 (Million Gallon Per Year)
Figure 73: Global Motor Vehicle Production; 2020-2021 (Million Units)
Figure 74: Global CO2 Emissions from Energy Combustion and Industrial Processes; 1900-2021 (Gt CO2)
Figure 75: Global Fossil Fuel Consumption; TWh (2011-2021)
Figure 76: Global Revenue of Commercial Airlines; 2016-2022 (US$ Billion)
Figure 77: LCFC Carbon Intensity Reduction Targets; 2019-2030 (Percentage, %)
Figure 78: Global Primary Energy Consumption; 2016-2021 (Terawatt-hours TWh)
Figure 79: Global Renewable Diesel Share in Combined Biodiesel and Renewable Diesel Market; 2020-2025 (Percentage, %)
Figure 80: The US Renewable Diesel Players by Market Share; 2021 (Percentage, %)
Figure 81: Neste Revenue by Segment; 2021 (Percentage, %)
Figure 82: PBF Energy Revenues by Segment; 2021 (Percentage, %)
Figure 83: Chevron Total Sales and Operating Revenues by Segment; 2021 (Percentage, %)
Figure 84: Valero Energy Corporation Revenues by Segment; 2021 (Percentage, %)
Figure 85: GEVO, Inc. Revenues by Segment; 2021 (Percentage, %)
Figure 86: Philips 66 Sales and Other Operating Revenues by Segment; 2021 (Percentage, %)
Figure 87: Aemetis Inc. Revenue by Segment; 2021 (Percentage, %)
Figure 88: Marathon Petroleum Revenues by Segment; 2021 (Percentage, %)
Figure 89: Shell plc Revenue by Segment; 2021 (Percentage, %)
Table 1: Diesel Fuel Properties
Table 2: Renewable Fuel Standard (RFS) Program Summary
Table 3: The US Renewable Diesel Fuel and Other Biofuels Plant by Production Capacity; (As of January 1, 2022)
Table 4: The US Renewable Diesel Facilities by Targeted Production Capacity; 2021
Table 5: The US and Canada Planned Renewable Diesel Projects by Build Type
