Global Hydrotreated Vegetable Oil (HVO) Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032

Market Overview

According to DIResearch's in-depth investigation and research, the global Hydrotreated Vegetable Oil (HVO) market size will reach 22,746 Million USD in 2025 and is projected to reach 55,124 Million USD by 2032, with a CAGR of 13.48% (2025-2032). Notably, the China Hydrotreated Vegetable Oil (HVO) market has changed rapidly in the past few years. By 2025, China's market size is expected to be Million USD, representing approximately % of the global market share.

Research Summary

Hydrotreated Vegetable Oil (HVO) is a type of renewable diesel fuel produced through the hydrogenation of vegetable oils, animal fats, or other bio-based feedstocks. The process involves treating these oils with hydrogen at high pressure to remove oxygen, resulting in a high-quality, clean-burning fuel that can be used as an alternative to traditional petroleum-based diesel. HVO is characterized by its high energy content, low sulfur, and minimal particulate emissions, making it a more environmentally friendly option for transportation and industrial applications. It is compatible with existing diesel engines and infrastructure, which allows for easier adoption without the need for modifications. HVO is considered a sustainable and low-carbon fuel that helps reduce greenhouse gas emissions and air pollution, contributing to the transition to cleaner energy sources.

The major global  manufacturers of Hydrotreated Vegetable Oil (HVO) include Neste, Diamond Green Diesel, UPM Biofuels, Renewable Energy Group, Eni, World Energy, TotalEnergies, Preem, Repsol, Cepsa, NextChem(Maire Tecnimont), Axens, BP, Certas Energy, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.

This report studies the market size, price trends and future development prospects of Hydrotreated Vegetable Oil (HVO). Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Hydrotreated Vegetable Oil (HVO) market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.

The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Hydrotreated Vegetable Oil (HVO) market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Hydrotreated Vegetable Oil (HVO) industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.    

The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.

Global Key Manufacturers of Hydrotreated Vegetable Oil (HVO) Include:

Neste

Diamond Green Diesel

UPM Biofuels

Renewable Energy Group

Eni

World Energy

TotalEnergies

Preem

Repsol

Cepsa

NextChem(Maire Tecnimont)

Axens

BP

Certas Energy

Hydrotreated Vegetable Oil (HVO) Product Segment Include:

Based on Ecofining Technology

Based on Co-Processing Technology

Others

Hydrotreated Vegetable Oil (HVO) Product Application Include:

Transportation

Generator

Industrial Power System

Others

Chapter Scope

Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend

Chapter 2: Global Hydrotreated Vegetable Oil (HVO) Capacity and Production Analysis

Chapter 3: Global Hydrotreated Vegetable Oil (HVO) Industry PESTEL Analysis

Chapter 4: Global Hydrotreated Vegetable Oil (HVO) Industry Porter's Five Forces Analysis

Chapter 5: Global Hydrotreated Vegetable Oil (HVO) Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis

Chapter 6: Global Hydrotreated Vegetable Oil (HVO) Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)

Chapter 7: Global Hydrotreated Vegetable Oil (HVO) Sales, Revenue, Price and Forecast by Product Type

Chapter 8: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)

Chapter 9: Industrial Chain Analysis, Hydrotreated Vegetable Oil (HVO) Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis

Chapter 10: Research Findings and Conclusion

Chapter 11: Methodology and Data Sources Show more