Product Code: MCN1924SS
Introduction to Europe Hydrotreated Vegetable Oil Market
The Europe hydrotreated vegetable oil market (excluding U.K.) is estimated to reach $57.99 billion by 2032 from $8.04 billion in 2023, at a growth rate of 24.55% during the forecast period 2023-2032. The demand for renewable diesel and sustainable aviation fuel derived from hydrotreated vegetable oil is expected to rise across various industries like automotive, aviation, maritime, agriculture, and industrial sectors. Increased adoption of these fuels in advanced economies such as Italy, France, the Netherlands, and Sweden is anticipated to drive the hydrotreated vegetable oil market forward.
KEY MARKET STATISTICS |
Forecast Period | 2023 - 2032 |
2023 Evaluation | $8.04 Billion |
2032 Forecast | $57.99 Billion |
CAGR | 24.55% |
Market Introduction
The Europe hydrotreated vegetable oil market is experiencing growth, supported by increased investment and research and development efforts. Demand from various end-user industries is driving this growth, alongside government initiatives like incentives and tax credits promoting low-carbon fuels. The region benefits from a rising environmental awareness, leading to a growing adoption of low-carbon fuels such as renewable diesel and sustainable aviation fuel. Advanced and emerging economies within Europe are particularly contributing to this trend. As a result, the Europe hydrotreated vegetable oil market is poised to expand further, with renewable diesel and sustainable aviation fuel playing a significant role in shaping its trajectory.
Market Segmentation:
Segmentation 1: by Application
- Renewable Diesel
- Sustainable Aviation Fuel (SAF)
Segmentation 2: by End User
- Transportation
- Agricultural Machinery
- Industrial
- Others (Residential Buildings, Commercial Buildings, and Data Centers)
Segmentation 3: by Feedstock Type
- Edible Vegetable Oils
- Crude Palm Oil
- Used Cooking Oil
- Tall Oil
- Animal Fats
- Others (Non-Edible Vegetable Oil, Sludge Palm Oil Mill Effluent, and Refining Byproducts)
Segmentation 4: by Technology Type
- Standalone Hydrotreating Technology
- Co-Processing Technology
Segmentation 5: by Country
- Netherlands
- France
- Italy
- Spain
- Rest-of-Europe
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different hydrotreated vegetable oil-based fuels, i.e., renewable diesel and sustainable aviation fuel, various end users, technology type, and feedstock types involved in the production of hydrotreated vegetable oils. Moreover, the study provides the reader with a detailed understanding of the hydrotreated vegetable oil market based on the end user (transportation, agricultural machinery, industrial, and others).
Growth/Marketing Strategy: The hydrotreated vegetable oil market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been product developments, business expansions, and acquisitions to strengthen their position in the hydrotreated vegetable oil market.
Competitive Strategy: Key players in the Europe hydrotreated vegetable oil market analyzed and profiled in the study involve HVO-based fuel manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the Europe hydrotreated vegetable oil market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Some of the prominent names established in this market are:
- Eni S.p.A.
- St1 Oy
- Neste
- TotalEnergies
- UPM
- Green Biofuels Limited
- Preem AB
- Colabit Sweden AB
Table of Contents
Executive Summary
Scope of the Study
1 Markets
- 1.1 Industry Outlook
- 1.1.1 Trends: Current and Future
- 1.1.1.1 Hydrotreated Vegetable Oil as Second-Generation Biofuel
- 1.1.1.2 Hydrotreated Vegetable Oil as a Sustainable Replacement for Fossil Fuels
- 1.1.2 Supply Chain Analysis
- 1.1.2.1 Key Startups in the Ecosystem
- 1.1.3 Ecosystem/Ongoing Programs
- 1.1.3.1 Consortiums and Associations
- 1.1.3.2 Regulatory Bodies
- 1.1.3.3 Government Programs
- 1.1.3.4 Programs by Research Institutions and Universities
- 1.1.4 Key Patent Analysis
- 1.1.4.1 Key Patent Analysis (by Status)
- 1.1.4.2 Key Patent Analysis (by Organization)
- 1.2 Business Dynamics
- 1.2.1 Business Drivers
- 1.2.1.1 Government Regulations toward Low Carbon Emissions
- 1.2.1.2 Applicability in Existing Energy Infrastructure
- 1.2.1.3 Increasing Investment in Hydrotreated Vegetable Oil Production
- 1.2.2 Business Restraints
- 1.2.2.1 Lower Density and Energy Content than Fossil Fuels
- 1.2.2.2 Continuous Supply of Renewable Feedstock
- 1.2.3 Business Strategies
- 1.2.3.1 Market Developments
- 1.2.4 Corporate Strategies
- 1.2.4.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
- 1.2.5 Business Opportunities
- 1.2.5.1 Growing Applications of Hydrotreated Vegetable Oil
- 1.2.5.2 Advancements in Hydrotreated Vegetable Oil Technologies
- 1.3 Comparison between Hydrotreated Vegetable Oil and other Sustainable Fuels
- 1.4 Future Raw Materials for Hydrotreated Vegetable Oil
- 1.5 Production Capacity Analysis
- 1.6 Supply and Demand Analysis for Hydrotreated Vegetable Oil
2 Regions
- 2.1 Europe
- 2.1.1 Market
- 2.1.1.1 Key Manufacturers/Suppliers in Europe
- 2.1.1.2 Business Challenges
- 2.1.1.3 Business Drivers
- 2.1.2 Application
- 2.1.2.1 Europe Hydrotreated Vegetable Oil Market (by Application), Volume and Value Data
- 2.1.2.2 Europe Hydrotreated Vegetable Oil Market (by End Users), Volume and Value Data
- 2.1.3 Product
- 2.1.3.1 Europe Hydrotreated Vegetable Oil Market (by Feedstock Type), Volume and Value Data
- 2.1.3.2 Europe Hydrotreated Vegetable Oil Market (by Technology Type), Volume and Value Data
- 2.1.4 Europe: Country-Level Analysis
- 2.1.4.1 The Netherlands
- 2.1.4.1.1 Market
- 2.1.4.1.1.1 Buyer Attributes
- 2.1.4.1.1.2 Key Manufacturers/Suppliers in the Netherlands
- 2.1.4.1.1.3 Business Challenges
- 2.1.4.1.1.4 Business Drivers
- 2.1.4.1.2 Application
- 2.1.4.1.2.1 The Netherlands Hydrotreated Vegetable Oil Market (by Application), Volume and Value Data
- 2.1.4.1.2.2 The Netherlands Hydrotreated Vegetable Oil Market (by End Users), Volume and Value Data
- 2.1.4.1.3 Product
- 2.1.4.1.3.1 The Netherlands Hydrotreated Vegetable Oil Market (by Feedstock Type), Volume and Value Data
- 2.1.4.1.3.2 The Netherlands Hydrotreated Vegetable Oil Market (by Technology Type), Volume and Value Data
- 2.1.4.2 France
- 2.1.4.2.1 Market
- 2.1.4.2.1.1 Buyer Attributes
- 2.1.4.2.1.2 Key Manufacturers/Suppliers in France
- 2.1.4.2.1.3 Business Challenges
- 2.1.4.2.1.4 Business Drivers
- 2.1.4.2.2 Application
- 2.1.4.2.2.1 France Hydrotreated Vegetable Oil Market (by Application), Volume and Value Data
- 2.1.4.2.2.2 France Hydrotreated Vegetable Oil Market (by End Users), Volume and Value Data
- 2.1.4.2.3 Product
- 2.1.4.2.3.1 France Hydrotreated Vegetable Oil Market (by Feedstock Type), Volume and Value Data
- 2.1.4.2.3.2 France Hydrotreated Vegetable Oil Market (by Technology Type), Volume and Value Data
- 2.1.4.3 Italy
- 2.1.4.3.1 Market
- 2.1.4.3.1.1 Buyer Attributes
- 2.1.4.3.1.2 Key Manufacturers/Suppliers in Italy
- 2.1.4.3.1.3 Business Challenges
- 2.1.4.3.1.4 Business Drivers
- 2.1.4.3.2 Application
- 2.1.4.3.2.1 Italy Hydrotreated Vegetable Oil Market (by Application), Volume and Value Data
- 2.1.4.3.2.2 Italy Hydrotreated Vegetable Oil Market (by End Users), Volume and Value Data
- 2.1.4.3.3 Product
- 2.1.4.3.3.1 Italy Hydrotreated Vegetable Oil Market (by Feedstock Type), Volume and Value Data
- 2.1.4.3.3.2 Italy Hydrotreated Vegetable Oil Market (by Technology Type), Volume and Value Data
- 2.1.4.4 Spain
- 2.1.4.4.1 Market
- 2.1.4.4.1.1 Buyer Attributes
- 2.1.4.4.1.2 Key Manufacturers/Suppliers in Spain
- 2.1.4.4.1.3 Business Challenges
- 2.1.4.4.1.4 Business Drivers
- 2.1.4.4.2 Application
- 2.1.4.4.2.1 Spain Hydrotreated Vegetable Oil Market (by Application), Volume and Value Data
- 2.1.4.4.2.2 Spain Hydrotreated Vegetable Oil Market (by End Users), Volume and Value Data
- 2.1.4.4.3 Product
- 2.1.4.4.3.1 Spain Hydrotreated Vegetable Oil Market (by Feedstock Type), Volume and Value Data
- 2.1.4.4.3.2 Spain Hydrotreated Vegetable Oil Market (by Technology Type), Volume and Value Data
- 2.1.4.5 Rest-of-Europe
- 2.1.4.5.1 Market
- 2.1.4.5.1.1 Buyer Attributes
- 2.1.4.5.1.2 Key Manufacturers/Suppliers in Rest-of-Europe
- 2.1.4.5.1.3 Business Challenges
- 2.1.4.5.1.4 Business Drivers
- 2.1.4.5.2 Application
- 2.1.4.5.2.1 Rest-of-Europe Hydrotreated Vegetable Oil Market (by Application), Volume and Value Data
- 2.1.4.5.2.2 Rest-of-Europe Hydrotreated Vegetable Oil Market (by End Users), Volume and Value Data
- 2.1.4.5.3 Product
- 2.1.4.5.3.1 Rest-of-Europe Hydrotreated Vegetable Oil Market (by Feedstock Type), Volume and Value Data
- 2.1.4.5.3.2 Rest-of-Europe Hydrotreated Vegetable Oil Market (by Technology Type), Volume and Value Data
- 2.2 U.K.
- 2.2.1 Market
- 2.2.1.1 Buyer Attributes
- 2.2.1.2 Key Manufacturers/Suppliers in the U.K.
- 2.2.1.3 Business Challenges
- 2.2.1.4 Business Drivers
- 2.2.2 Application
- 2.2.2.1 U.K. Hydrotreated Vegetable Oil Market (by Application), Volume and Value Data
- 2.2.2.2 U.K. Hydrotreated Vegetable Oil Market (by End Users), Volume and Value Data
- 2.2.3 Product
- 2.2.3.1 U.K. Hydrotreated Vegetable Oil Market (by Feedstock Type), Volume and Value Data
- 2.2.3.2 U.K. Hydrotreated Vegetable Oil Market (by Technology Type), Volume and Value Data
3 Markets - Competitive Benchmarking & Company Profiles
- 3.1 Competitive Benchmarking
- 3.2 Market Share Analysis
- 3.3 Company Profiles
- 3.3.1 Eni S.p.A.
- 3.3.1.1 Company Overview
- 3.3.1.1.1 Role of Eni S.p.A. in the Hydrotreated Vegetable Oil Market
- 3.3.1.1.2 Product Portfolio
- 3.3.1.2 Business Strategies
- 3.3.1.2.1 Market Developments
- 3.3.1.3 Corporate Strategies
- 3.3.1.3.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
- 3.3.1.4 R&D Analysis
- 3.3.1.5 Analyst View
- 3.3.2 St1 Oy
- 3.3.2.1 Company Overview
- 3.3.2.1.1 Role of St1 Oy in the Hydrotreated Vegetable Oil Market
- 3.3.2.1.2 Product Portfolio
- 3.3.2.2 Business Strategies
- 3.3.2.2.1 Market Developments
- 3.3.2.3 Corporate Strategies
- 3.3.2.3.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
- 3.3.2.4 Analyst View
- 3.3.3 Neste
- 3.3.3.1 Company Overview
- 3.3.3.1.1 Role of Neste in the Hydrotreated Vegetable Oil Market
- 3.3.3.1.2 Product Portfolio
- 3.3.3.2 Business Strategies
- 3.3.3.2.1 Market Developments
- 3.3.3.3 Corporate Strategies
- 3.3.3.3.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
- 3.3.3.4 R&D Analysis
- 3.3.3.5 Analyst View
- 3.3.4 Repsol
- 3.3.4.1 Company Overview
- 3.3.4.1.1 Role of Repsol in the Hydrotreated Vegetable Oil Market
- 3.3.4.1.2 Product Portfolio
- 3.3.4.2 Business Strategies
- 3.3.4.2.1 Market Developments
- 3.3.4.3 Corporate Strategies
- 3.3.4.3.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
- 3.3.4.4 R&D Analysis
- 3.3.4.5 Analyst View
- 3.3.5 TotalEnergies
- 3.3.5.1 Company Overview
- 3.3.5.1.1 Role of TotalEnergies in the Hydrotreated Vegetable Oil Market
- 3.3.5.1.2 Product Portfolio
- 3.3.5.2 Business Strategies
- 3.3.5.2.1 Market Developments
- 3.3.5.3 R&D Analysis
- 3.3.5.4 Analyst View
- 3.3.6 UPM
- 3.3.6.1 Company Overview
- 3.3.6.1.1 Role of UPM in the Hydrotreated Vegetable Oil Market
- 3.3.6.1.2 Product Portfolio
- 3.3.6.2 R&D Analysis
- 3.3.6.3 Analyst View
- 3.3.7 Green Biofuels Limited
- 3.3.7.1 Company Overview
- 3.3.7.1.1 Role of Green Biofuels Limited in the Hydrotreated Vegetable Oil Market
- 3.3.7.1.2 Product Portfolio
- 3.3.7.2 Analyst View
- 3.3.8 Preem AB
- 3.3.8.1 Company Overview
- 3.3.8.1.1 Role of Preem AB in the Hydrotreated Vegetable Oil Market
- 3.3.8.1.2 Product Portfolio
- 3.3.8.2 Analyst View
- 3.3.9 Colabit Sweden AB
- 3.3.9.1 Company Overview
- 3.3.9.1.1 Role of Colabit Sweden AB in the Hydrotreated Vegetable Oil Market
- 3.3.9.1.2 Product Portfolio
- 3.3.9.2 Analyst View
- 3.4 Other Key Companies
4 Research Methodology
- 4.1 Data Sources
- 4.1.1 Primary Data Sources
- 4.1.2 Secondary Data Sources
- 4.2 Data Triangulation
- 4.3 Market Estimation and Forecast
- 4.3.1 Factors for Data Prediction and Modelling