Global Renewable Diesel Market Size, Share, and Forecast Analysis 2025-2029

Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.

What Are the Renewable Diesel Market Size Forecast for 2025?
The market size for renewable diesel has seen substantial growth in the past few years. It is projected to expand from $22.56 billion in 2024 to $24.51 billion in 2025, with a compound annual growth rate (CAGR) of 8.6%. Factors contributing to the impressive growth during the historic period include increased worry about climate change, a push towards lowering greenhouse gas (GHG) emissions, the backing of circular economy and waste utilization, a drive to lessen air pollution in urban settings, and a heightened consciousness of the damaging environmental effects of fossil fuels.

What Is the Market Size Outlook for Renewable Diesel Until 2029?
Over the next few years, a robust increase is predicted in the renewable diesel market. The market, projected to reach $35.45 billion by 2029, will grow at a compound annual growth rate of 9.7%. Factors contributing to this growth during the forecast period include increased demand for alternative energy sources, expansion of commercial and municipal fleet operations, development of renewable diesel fueling infrastructure, the aviation industry's growing interest in sustainable fuels, and rising production of non-food energy crops. The forecast period will also see major trends such as improvement in hydrotreating and hydrogenation technology, advancements in feedstock flexibility and processing, the establishment of scalable modular production units, carbon capture and storage integration, and progress in refining and upgrading techniques.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/renewable-diesel-global-market-report

What Are the Major Factors Driving Demand in the Renewable Diesel Market?
The expansion of the renewable diesel market is expected to be driven by the escalating need for sustainable fuels. These sustainable fuels, being renewable or low-carbon energy sources, help in mitigating environmental effects and ensuring enduring energy security. Industrial enterprises witnessing an amplification in pressure due to strict environmental norms to cut down emissions and fulfill climate targets, hence, a higher desire for sustainable fuels is witnessed. Renewable diesel, a readily-usable alternative boasting low-emission characteristics, satisfies climate objectives without necessitating alterations to existing diesel systems, thus seeing a surge in demand. The Department for Transport, a government organization in the UK, revealed in November 2024 that 3,700 million liters of equivalent renewable fuel were provided by the UK in 2023. This accounted for 7.5% of total fuel consumed in road and non-road mobile machinery, witnessing an increase from 6.8% in 2022. As a consequence, the escalating need for sustainable fuels is anticipated to spur the growth of the renewable diesel market.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=23832&type=smp

How Are End-Use Segments Shaping the Renewable Diesel Market Outlook?
The renewable diesel market covered in this report is segmented -

1) By Feedstock: Soybean Oil, Palm Oil, Animal Fats, Vegetable Oils, Used Cooking Oil
2) By Production Process: Hydrotreating, Fischer-Tropsch (FT) Process, Pyrolysis, Other Production Processes
3) By Distribution Channel: Direct Sales, Distributors
4) By End-Use: Automotive, Marine, Aerospace, Power Generation, Other End-Uses

Subsegments:
1) By Soybean Oil: Conventional Soybean Oil, Organic Soybean Oil, Non-GMO Soybean Oil
2) By Palm Oil: Crude Palm Oil (CPO), Palm Fatty Acid Distillate (PFAD), Refined Palm Oil
3) By Animal Fats: Beef Tallow, Other Rendered Animal Fats, Pork Lard, Poultry Fat
4) By Vegetable Oils: Rapeseed Oil, Cottonseed Oil, Sunflower Oil, Corn Oil, Canola Oil
5) By Used Cooking Oil: Restaurant Waste Cooking Oil, Industrial Used Cooking Oil, Household Used Cooking Oil

What Are the Strategic Trends Transforming the Renewable Diesel Market Landscape?
The leading businesses in the renewable diesel market are concentrating their efforts on innovating solutions such as lower-GHG emission fuels, to minimize their environmental impact. These fuels are a type of energy source that emits less greenhouse gases as compared to traditional fossil fuels, assisting in the reduction of environmental damage and helping combat climate change. For example, ExxonMobil Hong Kong Limited (EMHK), a supplier of petroleum products based in China, introduced the Esso Renewable Diesel R20 in August 2024, intended for use on Hong Kong's public roads. The Esso Renewable Diesel R20 is a superior fuel, comprising at least 20% renewable content, and results in approximately 15.4% lower total greenhouse gas emissions as opposed to conventional diesel. It is fully compatible with existing diesel engines, guaranteeing reliable performance and engine cleanliness courtesy of Esso's exclusive Synergy additive. This launch exemplifies Esso's commitment to offering lower-emission fuel alternatives for the transportation sector in Hong Kong.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=23832&type=smp

Who Are the Prominent Companies in the Renewable Diesel Market by ?
Major companies operating in the renewable diesel market are Shell plc, TotalEnergies SE, Chevron Corporation, BP p.l.c, Marathon Petroleum Corporation, Valero Energy Corporation, Phillips 66, Cargill Incorporated, Eni S.p.A., Petrobras, Repsol S.A., PBF Energy Inc., Neste Oyj, Ampol Limited, Preem AB, UPM-Kymmene Corporation, Par Pacific Holdings Inc., Calumet Inc., Topsoe A/S, Aemetis Inc., LanzaTech Global Inc., Diamond Green Diesel LLC, GEVO Inc.

Which Region Is Expected to See the Highest CAGR in the Renewable Diesel Market?
North America was the largest region in the renewable diesel market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the renewable diesel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.