Global HVO Fuel Supply, Demand and Key Producers, 2026-2032
Description
The global HVO Fuel market size is expected to reach $ 82140 million by 2032, rising at a market growth of 16.9% CAGR during the forecast period (2026-2032).
HVO is a renewable diesel produced through a hydrogenation process. The process uses vegetable oil, animal fat or waste oil as raw materials, removes oxygen molecules through hydrogenation, and obtains a clean fuel with chemical properties similar to traditional fossil diesel. HVO has excellent combustion performance and lower carbon emissions. Compared with traditional diesel, it not only reduces greenhouse gas emissions, but can also be used directly on existing diesel engines. Therefore, it is widely used in transportation and other fields that require diesel. Hydrocarbon-based biodiesel uses oil hydrogenation technology, and its performance is improved compared to the first-generation ester-based biodiesel - the calorific value is increased, the freezing point is lowered, and the fluidity is improved. At the same time, the second-generation biodiesel includes inedible vegetable oil, waste cooking oil and animal fats, which is more environmentally sustainable and helps to achieve the long-term carbon neutrality goal. Therefore, the second-generation hydrocarbon-based biodiesel is expected to become mainstream worldwide.
The hydrogenated vegetable oil (HVO) industry is growing rapidly, driven primarily by the global demand for renewable energy and low-carbon fuels. HVO is a high-quality biofuel made by hydrotreating vegetable oil and waste oil, with advantages such as high energy efficiency, low pollution, and strong compatibility with traditional diesel. The growth of the industry is due to the fact that more and more countries and companies are committed to reducing carbon emissions and investing in clean energy solutions. HVO is gradually replacing traditional fossil fuels in transportation, power generation, and industrial applications, while facing challenges in raw material supply, production costs, and technological innovation. In the future, with technological advancement and strengthened policy support, HVO is expected to play a more important role in the global energy transition. Hydrogenated vegetable oil (HVO) producers should adopt multiple strategies to promote industry development and market share growth. First, producers should expand the source of raw materials, such as waste cooking oil, to ensure supply chain stability and cost-effectiveness. Second, invest in advanced production technologies and facilities to improve the production efficiency and quality of HVO and reduce carbon footprint. In addition, producers should work closely with downstream customers and government agencies to promote the use and acceptance of HVO and use policy support and subsidies to expand the market. Finally, manufacturers should strengthen market promotion and education to increase public awareness and recognition of HVO as a clean alternative fuel and promote the long-term sustainable development of the industry.
This report studies the global HVO Fuel production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for HVO Fuel and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of HVO Fuel that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global HVO Fuel total production and demand, 2021-2032, (Kilotons)
Global HVO Fuel total production value, 2021-2032, (USD Million)
Global HVO Fuel production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (Kilotons), (based on production site)
Global HVO Fuel consumption by region & country, CAGR, 2021-2032 & (Kilotons)
U.S. VS China: HVO Fuel domestic production, consumption, key domestic manufacturers and share
Global HVO Fuel production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (Kilotons)
Global HVO Fuel production by Type, production, value, CAGR, 2021-2032, (USD Million) & (Kilotons)
Global HVO Fuel production by Application, production, value, CAGR, 2021-2032, (USD Million) & (Kilotons)
This report profiles key players in the global HVO Fuel market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Neste, Diamond Green Diesel, Renewable Energy Group, UPM Biofuels, Eni, World Energy, TotalEnergies, Preem, Repsol, Cepsa, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World HVO Fuel market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Kilotons) and average price (US$/Ton) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global HVO Fuel Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global HVO Fuel Market, Segmentation by Type:
From Stand-Alone Biorefineries
From Co-Processing Plants
Global HVO Fuel Market, Segmentation by Application:
Automotive Fuels
Marine Fuel
Industrial Fuels
Others
Companies Profiled:
Neste
Diamond Green Diesel
Renewable Energy Group
UPM Biofuels
Eni
World Energy
TotalEnergies
Preem
Repsol
Cepsa
NextChem(Maire Tecnimont)
Axens
BP
Certas Energy
EcoCeres
Haixin Energy Technology
Junheng Industrial Group Biotechnology
Linyi Huibang Electronic Technology
Key Questions Answered:
1. How big is the global HVO Fuel market?
2. What is the demand of the global HVO Fuel market?
3. What is the year over year growth of the global HVO Fuel market?
4. What is the production and production value of the global HVO Fuel market?
5. Who are the key producers in the global HVO Fuel market?
6. What are the growth factors driving the market demand?
HVO is a renewable diesel produced through a hydrogenation process. The process uses vegetable oil, animal fat or waste oil as raw materials, removes oxygen molecules through hydrogenation, and obtains a clean fuel with chemical properties similar to traditional fossil diesel. HVO has excellent combustion performance and lower carbon emissions. Compared with traditional diesel, it not only reduces greenhouse gas emissions, but can also be used directly on existing diesel engines. Therefore, it is widely used in transportation and other fields that require diesel. Hydrocarbon-based biodiesel uses oil hydrogenation technology, and its performance is improved compared to the first-generation ester-based biodiesel - the calorific value is increased, the freezing point is lowered, and the fluidity is improved. At the same time, the second-generation biodiesel includes inedible vegetable oil, waste cooking oil and animal fats, which is more environmentally sustainable and helps to achieve the long-term carbon neutrality goal. Therefore, the second-generation hydrocarbon-based biodiesel is expected to become mainstream worldwide.
The hydrogenated vegetable oil (HVO) industry is growing rapidly, driven primarily by the global demand for renewable energy and low-carbon fuels. HVO is a high-quality biofuel made by hydrotreating vegetable oil and waste oil, with advantages such as high energy efficiency, low pollution, and strong compatibility with traditional diesel. The growth of the industry is due to the fact that more and more countries and companies are committed to reducing carbon emissions and investing in clean energy solutions. HVO is gradually replacing traditional fossil fuels in transportation, power generation, and industrial applications, while facing challenges in raw material supply, production costs, and technological innovation. In the future, with technological advancement and strengthened policy support, HVO is expected to play a more important role in the global energy transition. Hydrogenated vegetable oil (HVO) producers should adopt multiple strategies to promote industry development and market share growth. First, producers should expand the source of raw materials, such as waste cooking oil, to ensure supply chain stability and cost-effectiveness. Second, invest in advanced production technologies and facilities to improve the production efficiency and quality of HVO and reduce carbon footprint. In addition, producers should work closely with downstream customers and government agencies to promote the use and acceptance of HVO and use policy support and subsidies to expand the market. Finally, manufacturers should strengthen market promotion and education to increase public awareness and recognition of HVO as a clean alternative fuel and promote the long-term sustainable development of the industry.
This report studies the global HVO Fuel production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for HVO Fuel and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of HVO Fuel that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global HVO Fuel total production and demand, 2021-2032, (Kilotons)
Global HVO Fuel total production value, 2021-2032, (USD Million)
Global HVO Fuel production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (Kilotons), (based on production site)
Global HVO Fuel consumption by region & country, CAGR, 2021-2032 & (Kilotons)
U.S. VS China: HVO Fuel domestic production, consumption, key domestic manufacturers and share
Global HVO Fuel production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (Kilotons)
Global HVO Fuel production by Type, production, value, CAGR, 2021-2032, (USD Million) & (Kilotons)
Global HVO Fuel production by Application, production, value, CAGR, 2021-2032, (USD Million) & (Kilotons)
This report profiles key players in the global HVO Fuel market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Neste, Diamond Green Diesel, Renewable Energy Group, UPM Biofuels, Eni, World Energy, TotalEnergies, Preem, Repsol, Cepsa, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World HVO Fuel market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Kilotons) and average price (US$/Ton) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global HVO Fuel Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global HVO Fuel Market, Segmentation by Type:
From Stand-Alone Biorefineries
From Co-Processing Plants
Global HVO Fuel Market, Segmentation by Application:
Automotive Fuels
Marine Fuel
Industrial Fuels
Others
Companies Profiled:
Neste
Diamond Green Diesel
Renewable Energy Group
UPM Biofuels
Eni
World Energy
TotalEnergies
Preem
Repsol
Cepsa
NextChem(Maire Tecnimont)
Axens
BP
Certas Energy
EcoCeres
Haixin Energy Technology
Junheng Industrial Group Biotechnology
Linyi Huibang Electronic Technology
Key Questions Answered:
1. How big is the global HVO Fuel market?
2. What is the demand of the global HVO Fuel market?
3. What is the year over year growth of the global HVO Fuel market?
4. What is the production and production value of the global HVO Fuel market?
5. Who are the key producers in the global HVO Fuel market?
6. What are the growth factors driving the market demand?
Table of Contents
150 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World Manufacturers Competitive Analysis
- 4 United States VS China VS Rest of the World
- 5 Market Analysis by Type
- 6 Market Analysis by Application
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
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