Global Hydrotreated Vegetable Oil (HVO) Supply, Demand and Key Producers, 2026-2032

The global Hydrotreated Vegetable Oil (HVO) market size is expected to reach $ 46540 million by 2032, rising at a market growth of 12.0% CAGR during the forecast period (2026-2032).

Hydrotreated vegetable oil (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 can not only reduce greenhouse gas emissions, but also can be used directly in existing diesel engines. Therefore, it is widely used in transportation and other fields that require diesel.

Hydrogenated vegetable oil (HVO) is an advanced biofuel made by hydrotreating vegetable oil and waste oils, with chemical properties and combustion performance similar to traditional diesel. Compared with traditional biodiesel, HVO has higher energy density, better low-temperature performance and lower pollutant emissions, such as nitrogen oxides and particulate matter, and can effectively reduce carbon dioxide emissions. Due to its renewability and low environmental impact, HVO is regarded as a sustainable alternative fuel suitable for existing diesel engines and infrastructure. It is widely used in transportation, shipping and industry to help the transition to a low-carbon economy. The classification of hydrogenated vegetable oil (HVO) is divided into eco-refining technology-based, co-processing technology-based and others, among which eco-refining technology-based revenue accounts for a large proportion, accounting for 67.26% in 2023. The applications of hydrogenated vegetable oil (HVO) are divided into automotive, generators, industrial power systems and others, among which automotive revenue accounts for a large proportion, accounting for 68.97% in 2023.

This report studies the global Hydrotreated Vegetable Oil (HVO) production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Hydrotreated Vegetable Oil (HVO) 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 Hydrotreated Vegetable Oil (HVO) that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Hydrotreated Vegetable Oil (HVO) total production and demand, 2021-2032, (Kiloton)

Global Hydrotreated Vegetable Oil (HVO) total production value, 2021-2032, (USD Million)

Global Hydrotreated Vegetable Oil (HVO) production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (Kiloton), (based on production site)

Global Hydrotreated Vegetable Oil (HVO) consumption by region & country, CAGR, 2021-2032 & (Kiloton)

U.S. VS China: Hydrotreated Vegetable Oil (HVO) domestic production, consumption, key domestic manufacturers and share

Global Hydrotreated Vegetable Oil (HVO) production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (Kiloton)

Global Hydrotreated Vegetable Oil (HVO) production by Type, production, value, CAGR, 2021-2032, (USD Million) & (Kiloton)

Global Hydrotreated Vegetable Oil (HVO) production by Application, production, value, CAGR, 2021-2032, (USD Million) & (Kiloton)

This report profiles key players in the global Hydrotreated Vegetable Oil (HVO) 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, UPM Biofuels, Renewable Energy Group, 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 Hydrotreated Vegetable Oil (HVO) market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Kiloton) 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 Hydrotreated Vegetable Oil (HVO) Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Hydrotreated Vegetable Oil (HVO) Market, Segmentation by Type:
Based on Ecofining Technology
Based on Co-Processing Technology
Other

Global Hydrotreated Vegetable Oil (HVO) Market, Segmentation by Application:
Vehicle
Generator
Industrial Power System
Other

Companies Profiled:
Neste
Diamond Green Diesel
UPM Biofuels
Renewable Energy Group
Eni
World Energy
TotalEnergies
Preem
Repsol
Cepsa
NextChem(Maire Tecnimont)
Axens
BP
Certas Energy

Key Questions Answered:

1. How big is the global Hydrotreated Vegetable Oil (HVO) market?

2. What is the demand of the global Hydrotreated Vegetable Oil (HVO) market?

3. What is the year over year growth of the global Hydrotreated Vegetable Oil (HVO) market?

4. What is the production and production value of the global Hydrotreated Vegetable Oil (HVO) market?

5. Who are the key producers in the global Hydrotreated Vegetable Oil (HVO) market?

6. What are the growth factors driving the market demand? Show more