
Global Renewable Diesel Market (by Production, Consumption, Feedstock, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)
Description
Global Renewable Diesel Market (by Production, Consumption, Feedstock, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)
Market Insight:
Renewable diesel is a hydrocarbon that is chemically comparable to petroleum diesel and can be delivered in petroleum pipelines and sold at retail stations with or without blending with petroleum diesel.
Renewable diesel's increasing environmental friendliness, renewability, and biodegradability would be the primary factor driving market expansion in the years ahead. In addition, the renewable diesel industry is expected to expand as fuel refiners seek alternate development avenues in a low-carbon society. The global renewable diesel market by production is estimated to reach 3.70 billion gallons per year by 2023, growing at a CAGR of 19.12% during the forecast period. The global consumption of renewable diesel is predicted to rise to 3.69 billion gallons by 2023, growing at a CAGR of 16.90% during the projected years.
Segment Covered:
- By Production: The report caters the renewable diesel market’s production on the basis of following regions: Europe, North America, and Asia Pacific. Europe held the maximum share in the market, 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.
- By Consumption: The report delivers insights 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.
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. 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. digitization across a variety of end-use sectors, including banking, transportation, recreation, etc.
Growth Drivers
- Growing Motor Vehicle Production
- Rising Carbon Emission
- Depletion of Fossil Fuels
- Growing Aviation Industry
- Insufficient Availability of Feedstocks
- Problems Associated with the Quality Control of Renewable Diesel
- Increasing Energy Consumption
- Structural Shift to Renewable Diesel
- Renewable Diesels Are Proving To Be More Economic
- Increasing Acceptance of Eco-Friendly Fuel
- Driver: Growing Motor Vehicle Production
- Challenge: Problems Associated with the Quality Control of Renewable Diesel
- Trend: Increasing Energy Consumption
The COVID-19 Analysis:
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. Renewable diesel demand further increased in the following year 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.
Analysis of Key Players:
The global renewable diesel market is moderately consolidated. The key players in the global renewable diesel market are:
- Chevron Corporation (Renewable Energy Group)
- Neste
- PBF Energy Inc.
- Valero Energy Corporation
- Phillips 66
- Aemetis, Inc.
- GEVO, Inc.
- Marathon Petroleum Corporation
- Global Clean Energy Holdings, Inc.
- World Energy
- Ryze Renewables
- Shell plc
Table of Contents
166 Pages
- 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
- Table 1: Diesel Fuel Properties
- 2.1.5 Renewable Diesel Production Process
- Table 2: Renewable Diesel Production Process
- 2.2 Renewable Diesel Segmentation: An Overview
- 2.2.1 Renewable Diesel Segmentation
- Table 3: Renewable Diesel Segmentation by Feedstock
- 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
- Table 4: Global Renewable Diesel Market by Production; 2017-2021 (Billion Gallon Per Year)
- Table 5: Global Renewable Diesel Market by Production; 2022-2027 (Billion Gallon Per Year)
- 3.1.3 Global Renewable Diesel Market Production by Region
- Table 6: Global Renewable Diesel Market Production by Region; 2021 & 2027 (Percentage, %)
- 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
- Table 7: Global Renewable Diesel Market by Consumption; 2017-2021 (Billion Gallon Per Year)
- Table 8: Global Renewable Diesel Market by Consumption; 2022-2027 (Billion Gallon Per Year)
- 3.2.3 Global Renewable Diesel Market Consumption by Region
- Table 9: Global Renewable Diesel Market Consumption by Region; 2021 & 2027 (Percentage, %)
- 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
- Table 10: Europe Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
- Table 11: Europe Renewable Diesel Market by Production; 2022-2027 (Billion Gallon Per Year)
- 4.1.3 Europe Renewable Diesel Market Production by Region
- Table 12: Europe Renewable Diesel Market Production by Region; 2021 & 2027 (Percentage, %)
- 4.1.4 Italy Renewable Diesel Market by Production
- Table 13: Italy Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
- Table 14: Italy Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
- 4.1.5 France Renewable Diesel Market by Production
- Table 15: France Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
- Table 16: France Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
- 4.1.6 Spain Renewable Diesel Market by Production
- Table 17: Spain Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
- Table 18: Spain Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
- 4.1.7 The UK Renewable Diesel Market by Production
- Table 19: The UK Renewable Diesel Market by Production; 2021-2027 (Million Gallon Per Year)
- 4.1.8 Rest of Europe Renewable Diesel Market by Production
- Table 20: Rest of Europe Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
- Table 21: Rest of Europe Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
- 4.1.9 Europe Renewable Diesel Market Consumption: An Overview
- 4.1.10 Europe Renewable Diesel Market by Consumption
- Table 22: Europe Renewable Diesel Market by Consumption; 2017-2021 (Million Gallon Per Year)
- Table 23: Europe Renewable Diesel Market by Consumption; 2022-2027 (Billion Gallon Per Year)
- 4.1.11 Europe Renewable Diesel Market Consumption by Region
- Table 24: Europe Renewable Diesel Market Consumption by Region; 2021 & 2027 (Percentage, %)
- 4.1.12 Germany Renewable Diesel Market by Consumption
- Table 25: Germany Renewable Diesel Market by Consumption; 2020-2021 (Million Gallon Per Year)
- Table 26: Germany Renewable Diesel Market by Consumption; 2022-2027 (Million Gallon Per Year)
- 4.1.13 Italy Renewable Diesel Market by Consumption
- Table 27: Italy Renewable Diesel Market by Consumption; 2017-2021 (Million Gallon Per Year)
- Table 28: Italy Renewable Diesel Market by Consumption; 2022-2027 (Million Gallon Per Year)
- 4.1.14 France Renewable Diesel Market by Consumption
- Table 29: France Renewable Diesel Market by Consumption; 2017-2021 (Million Gallon Per Year)
- Table 30: France Renewable Diesel Market by Consumption; 2022-2027 (Million Gallon Per Year)
- 4.1.15 Spain Renewable Diesel Market by Consumption
- Table 31: Spain Renewable Diesel Market by Consumption; 2017-2021 (Million Gallon Per Year)
- Table 32: Spain Renewable Diesel Market by Consumption; 2022-2027 (Million Gallon Per Year)
- 4.1.16 The UK Renewable Diesel Market by Consumption
- Table 33: The UK Renewable Diesel Market by Consumption; 2021-2027 (Million Gallon Per Year)
- 4.1.17 Rest of Europe Renewable Diesel Market by Consumption
- Table 34: Rest of Europe Renewable Diesel Market by Consumption; 2017-2021 (Million Gallon Per Year)
- Table 35: Rest of Europe Renewable Diesel Market by Consumption; 2022-2027 (Million Gallon Per Year)
- 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
- Table 36: North America Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
- Table 37: North America Renewable Diesel Market by Production; 2022-2027 (Billion Gallon Per Year)
- 4.2.3 North America Renewable Diesel Market Production by Region
- Table 38: North America Renewable Diesel Market Production by Region; 2021 & 2027 (Percentage, %)
- 4.2.4 The US Renewable Diesel Market by Production
- Table 39: The US Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
- Table 40: The US Renewable Diesel Market by Production; 2022-2027 (Billion Gallon Per Year)
- 4.2.5 The US Renewable Diesel Market Production by Feedstock
- Table 41: The US Renewable Diesel Market Production by Feedstock; 2021 (Percentage, %)
- 4.2.6 The US Tallow Renewable Diesel Market by Production
- Table 42: The US Tallow Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
- Table 43: The US Tallow Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
- 4.2.7 The US UCO Renewable Diesel Market by Production
- Table 44: The US UCO Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
- Table 45: The US UCO Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
- 4.2.8 The US Corn Oil Renewable Diesel Market by Production
- Table 46: The US Corn Oil Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
- Table 47: The US Corn Oil Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
- 4.2.9 The US Fish Oil Renewable Diesel Market by Production
- Table 48: The US Fish Oil Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
- Table 49: The US Fish Oil Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
- 4.2.10 The US Other Renewable Diesel Market by Production
- Table 50: The US Other Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
- Table 51: The US Other Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
- 4.2.11 Canada Renewable Diesel Market by Production
- Table 52: Canada Renewable Diesel Market by Production; 2022-2024 (Million Gallon Per Year)
- 4.2.12 North America Renewable Diesel Market Consumption: An Overview
- 4.2.13 North America Renewable Diesel Market by Consumption
- Table 53: North America Renewable Diesel Market by Consumption; 2017-2021 (Million Gallon Per Year)
- Table 54: North America Renewable Diesel Market by Consumption; 2022-2027 (Billion Gallon Per Year)
- 4.2.14 North America Renewable Diesel Market Consumption by Region
- Table 55: North America Renewable Diesel Market Consumption by Region; 2021 & 2027 (Percentage, %)
- 4.2.15 The US Renewable Diesel Market by Consumption
- Table 56: The US Renewable Diesel Market by Consumption; 2017-2021 (Million Gallon Per Year)
- Table 57: The US Renewable Diesel Market by Consumption; 2022-2027 (Billion Gallon Per Year)
- 4.2.16 Canada Renewable Diesel Market by Consumption
- Table 58: Canada Renewable Diesel Market by Consumption; 2017-2021 (Million Gallon Per Year)
- Table 59: Canada Renewable Diesel Market by Consumption; 2022-2027 (Million Gallon Per Year)
- 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
- Table 60: Asia Pacific Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
- Table 61: Asia Pacific Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
- 4.3.3 Asia Pacific Renewable Diesel Market Production by Region
- Table 62: Asia Pacific Renewable Diesel Market Production by Region; 2021 & 2027 (Percentage, %)
- 4.3.4 Singapore Renewable Diesel Market by Production
- Table 63: Singapore Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
- Table 64: Singapore Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
- 4.3.5 China Renewable Diesel Market by Production
- Table 65: China Renewable Diesel Market by Production; 2017-2021 (Million Gallon Per Year)
- Table 66: China Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
- 4.3.6 Indonesia Renewable Diesel Market by Production
- Table 67: Indonesia Renewable Diesel Market by Production; 2022-2027 (Million Gallon Per Year)
- 4.3.7 Asia Pacific Renewable Diesel Market Consumption: An Overview
- 4.3.8 Asia Pacific Renewable Diesel Market by Consumption
- Table 68: Asia Pacific Renewable Diesel Market by Consumption; 2018-2021 (Million Gallon Per Year)
- Table 69: Asia Pacific Renewable Diesel Market by Consumption; 2022-2027 (Million Gallon Per Year)
- 4.3.9 Asia Pacific Renewable Diesel Market Consumption by Region
- Table 70: Asia Pacific Renewable Diesel Market Consumption by Region; 2021 & 2027 (Percentage, %)
- 4.3.10 China Renewable Diesel Market by Consumption
- Table 71: China Renewable Diesel Market by Consumption; 2018-2021 (Million Gallon Per Year)
- Table 72: China Renewable Diesel Market by Consumption; 2022-2027 (Million Gallon Per Year)
- 4.3.11 Indonesia Renewable Diesel Market by Consumption
- Table 73: Indonesia Renewable Diesel Market by Consumption; 2022-2027 (Million Gallon Per Year)
- 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
- Table 74: Global Motor Vehicle Production; 2020-2021 (Million Units)
- 6.1.2 Rising Carbon Emission
- Table 75: Global CO2 Emissions from Energy Combustion and Industrial Processes; 1900-2021 (Gt CO2)
- 6.1.3 Depletion of Fossil Fuels
- Table 76: Global Fossil Fuel Consumption; TWh (2011-2021)
- 6.1.4 Growing Aviation Industry
- Table 77: Global Revenue of Commercial Airlines; 2016-2022 (US$ Billion)
- 6.1.5 Policy Support For Renewable Diesel
- Table 78: Renewable Fuel Standard (RFS) Program Summary
- Table 79: LCFC Carbon Intensity Reduction Targets; 2019-2030 (Percentage, %)
- 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
- Table 80: Global Primary Energy Consumption; 2016-2021 (Terawatt-hours TWh)
- 6.3.2 Structural Shift to Renewable Diesel
- Table 81: Global Renewable Diesel Share in Combined Biodiesel and Renewable Diesel Market; 2020-2025 (Percentage, %)
- 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
- Table 82: The US Renewable Diesel Fuel and Other Biofuels Plant by Production Capacity; (As of January 1, 2022)
- 7.2 The US Targeted Production Capacity by Targeted Production Capacity
- Table 83: The US Renewable Diesel Facilities by Targeted Production Capacity; 2021
- 7.3 The US and Canada Planned Renewable Diesel Projects by Build Type
- Table 84: The US and Canada Planned Renewable Diesel Projects by Build Type
- 7.4 The US Renewable Diesel Players by Market Share
- Table 85: The US Renewable Diesel Players by Market Share; 2021 (Percentage, %)
- 8. Company Profile
- 8.1 Neste
- 8.1.1 Business Overview
- 8.1.2 Operating Segments
- Table 86: Neste Revenue by Segment; 2021 (Percentage, %)
- 8.1.3 Business Strategy
- 8.2 PBF Energy Inc.
- 8.2.1 Business Overview
- 8.2.2 Operating Segments
- Table 87: PBF Energy Revenues by Segment; 2021 (Percentage, %)
- 8.2.3 Business Strategy
- 8.3 Chevron Corporation (Renewable Energy Group)
- 8.3.1 Business Overview
- 8.3.2 Operating Segments
- Table 88: Chevron Total Sales and Operating Revenues by Segment; 2021 (Percentage, %)
- 8.3.3 Business Strategy
- 8.4 Valero Energy Corporation
- 8.4.1 Business Overview
- 8.4.2 Operating Segments
- Table 89: Valero Energy Corporation Revenues by Segment; 2021 (Percentage, %)
- 8.4.3 Business Strategy
- 8.5 GEVO, Inc.
- 8.5.1 Business Overview
- 8.5.2 Operating Segments
- Table 90: GEVO, Inc. Revenues by Segment; 2021 (Percentage, %)
- 8.5.3 Business Strategy
- 8.6 Phillips 66
- 8.6.1 Business Overview
- 8.6.2 Operating Segments
- Table 91: Philips 66 Sales and Other Operating Revenues by Segment; 2021 (Percentage, %)
- 8.6.3 Business Strategy
- 8.7 Aemetis, Inc.
- 8.7.1 Business Overview
- 8.7.2 Operating Segments
- Table 92: Aemetis Inc. Revenue by Segment; 2021 (Percentage, %)
- 8.7.3 Business Strategy
- 8.8 Marathon Petroleum Corporation
- 8.8.1 Business Overview
- 8.8.2 Operating Segments
- Table 93: Marathon Petroleum Revenues by Segment; 2021 (Percentage, %)
- 8.8.3 Business Strategy
- 8.9 Shell plc
- 8.9.1 Business Overview
- 8.9.2 Operating Segment
- Table 94: Shell plc Revenue by Segment; 2021 (Percentage, %)
- 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
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