HVO Fuel Global and Regional Perspectives Report 2025-2031: Market Size, Share, and Analysis

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "HVO Fuel- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.
 
The global market for HVO Fuel was estimated to be worth US$ 23410 million in 2024 and is forecast to a readjusted size of US$ 70520 million by 2031 with a CAGR of 17.3% during the forecast period 2025-2031.
 
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https://www.qyresearch.com/reports/3429738/hvo-fuel
 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.

According to the new market research report "HVO Fuel- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031", published by QYResearch, the global HVO Fuel market size is projected to reach USD 61.01 billion by 2030, at a CAGR of 19.3% during the forecast period.
 According to QYResearch Top Players Research Center, the global key manufacturers of HVO Fuel include Neste, Diamond Green Diesel, Renewable Energy Group, TotalEnergies, Eni, Preem, BP, Cepsa, Repsol, Beijing Haixin Energy Technology, etc. In 2023, the global top five players had a share approximately 63.0% in terms of revenue.



Market Drivers:

Global energy transformation drives demand

As governments around the world strive to achieve carbon neutrality goals, the demand for clean energy is rising rapidly. As a low-carbon and sustainable alternative to diesel, HVO caters to this trend and provides a broad market space for it in the fields of transportation, industry and power generation.

Policy support and regulatory incentives

Regions such as the EU and the United States have introduced strict carbon emission regulations and renewable energy quota systems (such as the RED II directive and the LCFS standard), which have encouraged the production and use of HVO fuel. These policies provide stable legal and market support for the development of the industry.

Green demand from automakers

More and more automakers are developing and promoting vehicles suitable for using HVO fuel. HVO's plug-and-play characteristics make it an ideal choice for reducing carbon emissions during the transition period, especially in the field of heavy transportation.

Waste recycling and resource diversification

HVO can be produced using raw materials such as waste cooking oil, animal fats and non-edible vegetable oils, which promotes the recycling of waste and the enhancement of resource value, and is in line with the concept of circular economy.

Emission reduction needs and increased public awareness

The threat of climate change has prompted governments, businesses and consumers to increase their demand for low-carbon fuels. HVO fuel has significant carbon emission reduction capabilities during its life cycle, meeting emission reduction needs and winning the favor of consumers.

Restraint:

Fluctuating raw material supply

HVO production relies on raw materials such as vegetable oil, waste cooking oil and animal fat. The supply of these raw materials may be affected by climate change, fluctuations in crop yields and policy restrictions, resulting in fluctuations in production costs or raw material shortages, which in turn affects the stable supply of HVO fuel.

Intensified market competition

As the biofuel market continues to expand, HVO faces competition from other types of biofuels such as FAME (fatty acid methyl esters), synthetic diesel, etc. The continuous improvement of production technology for these alternative fuels may compress HVO's market share, especially in price-sensitive markets.

High production costs

Despite its obvious environmental advantages, HVO's production cost is still higher than traditional petroleum diesel, especially when raw material prices rise. High production costs may limit its popularity in price-sensitive markets, and stronger government subsidies or market incentives may be required to maintain competitiveness.

Delayed infrastructure construction

Although HVO is compatible with existing diesel engines, there is a lack of sufficient infrastructure to support the large-scale distribution and use of HVO worldwide, especially in developing countries. The delay in the construction of gas stations, storage facilities and transportation networks may limit the market penetration of HVO.

Technology maturity and market acceptance

As a relatively new technology, HVO still faces challenges in production process and technology maturity. Although HVO has good performance, there may still be certain obstacles for consumers, car owners and transportation companies to accept new fuels, especially in terms of market education and promotion.

Opportunity:

Renewable energy policy support

Many countries and regions have introduced policies and subsidies to support renewable fuels. For example, the EU's Renewable Energy Directive (RED II) has promoted the use of HVO in the transportation industry, while providing tax incentives, incentives, etc. The policy support provided by various countries to encourage the use of HVO will further accelerate its development.

Application in the transportation industry

HVO fuel can directly replace traditional diesel without large-scale modifications to existing engines, so it has wide application potential in the transportation industry. Especially in the fields of heavy trucks, public transportation, ships and industrial machinery, the substitution effect of HVO fuel is more obvious. As the global transportation industry gradually phases out traditional fuels, the market demand for HVO fuel will continue to increase.

Improve energy security

The production of HVO fuel relies on raw materials such as vegetable oil and waste grease, which are relatively abundant and can be provided through sustainable recycling of agricultural and industrial waste. Therefore, HVO fuel helps to reduce dependence on oil, improve energy self-supply capacity, and enhance energy security.

Promote circular economy

During the production of HVO fuel, waste grease (such as restaurant waste oil, animal fat, etc.) is recycled and reused, which promotes the recycling of resources. This not only meets environmental protection requirements, but also provides a new path for waste disposal and promotes the development of the circular economy.


 
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
 
The HVO Fuel market is segmented as below:
By Company
    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
 
Segment by Type
    From Stand-Alone Biorefineries
    From Co-Processing Plants
 
Segment by Application
    Automotive Fuels
    Marine Fuel
    Industrial Fuels
    Others
 
Each chapter of the report provides detailed information for readers to further understand the HVO Fuel market:
Chapter 1: Introduces the report scope of the HVO Fuel report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of HVO Fuel manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various HVO Fuel market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5:  Sales, revenue of HVO Fuel in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6:  Sales, revenue of HVO Fuel in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
 
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth HVO Fuel competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides HVO Fuel comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides HVO Fuel market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
 
Other relevant reports of QYResearch:
Global HVO Fuel Market Research Report 2025
Global and Japan HVO Fuel Market Report & Forecast 2024-2030
HVO Fuel- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global HVO Fuel Market Insights, Forecast to 2030
Global HVO Fuel Market Research Report 2024
HVO Fuel - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
HVO Fuel - Global Market Insights and Sales Trends 2024
Global and India HVO Fuel Market Report & Forecast 2023-2029
Global HVO Fuel Market Research Report 2023
Global HVO Fuel Market Insights, Forecast to 2029
Global HVO Fuel Industry Research Report, Growth Trends and Competitive Analysis 2023-2029
Global HVO Fuel Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application
 
 

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