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市场调查报告书
商品编码
1965385

氢化植物油市场-全球产业规模、份额、趋势、机会与预测:按原料、最终用途、地区和竞争格局划分,2021-2031年

Hydrotreated Vegetable Oil Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Feedstock, By End User, By Region & Competition, 2021-2031F

出版日期: | 出版商: TechSci Research | 英文 180 Pages | 商品交期: 2-3个工作天内

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简介目录

全球氢化植物油市场预计将从 2025 年的 146.1 亿美元成长到 2031 年的 193.2 亿美元,复合年增长率为 4.77%。

氢化植物油 (HVO) 是一种石蜡基可再生燃料,透过氢化植物油和动物脂肪製成。由于其与现有柴油基础设施和引擎具有卓越的兼容性(可直接替代),因此相比传统生物柴油具有明显的优势。推动这项市场发展的主要动力是各国政府严格的脱碳政策,例如欧盟的《可再生能源指令》,这些政策强制要求重型运输业减少温室排放。此外,HVO 具有优异的储存稳定性和良好的低温流动性,其操作柔软性使其成为物流车队即时碳排放强度的优质永续选择。

市场概览
预测期 2027-2031
市场规模:2025年 146.1亿美元
市场规模:2031年 193.2亿美元
复合年增长率:2026-2031年 4.77%
成长最快的细分市场 用过的食用油
最大的市场 亚太地区

然而,我们面临着许多挑战,包括永续原材料的高波动性和有限供应。随着航空业对废油和残渣的竞争日益激烈,这种情况更加恶化。原料短缺可能会阻碍生产规模的扩大,而加工能力却不断提升。根据国际能源总署(IEA)的数据,到2025年,全球永续航空燃料和可再生柴油的产能预计将增加40%,达到每日总合万桶。

市场驱动因素

重型运输业的脱碳正在对市场产生重大影响,并成为氢化植物油(HVO)广泛应用的重要催化剂。随着工业车辆和物流公司面临降低碳排放强度的压力,HVO成为关键解决方案,因为它与化石柴油的化学性质相似,无需对引擎进行昂贵的改造即可即时使用。联邦政府的奖励和低碳燃料计画进一步推动了这项转型,促进了HVO在道路运输的广泛应用。例如,美国能源资讯署(EIA)2024年12月发布的《短期能源展望》预测,到2025年,美国可再生柴油的日均消费量将达到25万桶,这就体现了这项需求的规模。

同时,对永续航空燃料(SAF)日益增长的需求正在改变生产结构,并推动对两用设施的投资。由于氢化植物油(HVO)和SAF需要类似的加氢技术和原料,航空业为减少排放所做的积极努力促使炼油厂迅速扩建设施,以灵活生产这两种燃料。根据国际航空运输协会(IATA)2024年12月发布的SAF产量预测,预计2024年全球SAF产量将达到100万吨,比上年翻倍。为了支持这项基础设施扩张,西班牙石油天然气公司(CEPSA)于2024年2月宣布,将在西班牙启动一座耗资12亿欧元的新一代生质燃料工厂的建设。

市场挑战

永续原料成本的稀缺性和高波动性是限制全球氢化植物油 (HVO) 市场扩张的主要瓶颈。随着生产商为履行脱碳义务而扩大生产规模,他们面临动物脂肪、废油和残渣等关键原料的严重短缺。航空业对永续航空燃料 (SAF) 生产的需求不断增长,加剧了这一短缺。因此,HVO 生产商面临着不可预测的营运成本和不断缩水的利润率,这削弱了投资者的信心,并阻碍了其作为物流车队具有成本竞争力的替代燃料的普及。儘管需求不断成长,但生产规模却停滞不前。

根据欧洲生质柴油协会的数据,到2024年,废弃物衍生原料将占该地区生物柴油和氢化植物油总产量的55%,首次超过农作物衍生原料。这项数据凸显了该产业对竞争日益激烈的废弃物资源的依赖程度不断提高。在对这些有限资源的激烈竞争中,供应链僵化推高了价格,并限制了市场维持全球普及所需稳定产量的能力。

市场趋势

随着生产商寻求规避原材料价格波动风险,原材料供应链垂直整合的趋势正在加速发展。市场领导者不再依赖第三方回收商处理残渣和废油,而是积极收购上游回收网络,以确保原料的稳定供应。这种结构性转变使企业能够在整个价值链上实现利润最大化,并在稀缺的废弃物资源进入市场之前将其纳入囊中。例如,根据《生物基柴油日报》(BioBased Diesel Daily)2024年12月报道,环保产品公司STX集团收购了废弃物原料贸易商Marine Olie,并在阿姆斯特丹-鹿特丹-安特卫普地区建立了一个完全整合的采购平台。

同时,透过维修石化燃料炼油厂来提高共加工能力,正成为比新建炼油厂更具成本效益的替代方案。透过改造现有的加氢裂解装置,使其能够同时加工可再生脂质和石油馏分,大型石油公司可以在不放弃现有基础设施的情况下,迅速将低碳燃料纳入其供应结构。这种方法既能利用现有的物流网络,满足最新的监管混合要求,又能最大限度地减少资本支出。例如,BP美国公司在2024年5月报告称,其位于切里角(Cherry Point)的炼油厂已成功扩大产能,透过利用现有设施并将生物质衍生原料与传统原油混合,实现了每日超过7000桶可再生柴油的共加工能力。

目录

第一章概述

第二章:调查方法

第三章执行摘要

第四章:客户心声

第五章:氢化植物油全球市场展望

  • 市场规模及预测
    • 按金额
  • 市占率及预测
    • 依原料分类(食用植物油、粗製棕榈油、废弃食用油、妥尔油、动物油脂、其他)
    • 依最终用户(交通、农业、工业、其他)划分
    • 按地区
    • 按公司(2025 年)
  • 市场地图

第六章:北美氢化植物油市场展望

  • 市场规模及预测
  • 市占率及预测
  • 北美洲:国别分析
    • 我们
    • 加拿大
    • 墨西哥

第七章:欧洲氢化植物油市场展望

  • 市场规模及预测
  • 市占率及预测
  • 欧洲:国别分析
    • 德国
    • 法国
    • 英国
    • 义大利
    • 西班牙

第八章:亚太地区氢化植物油市场展望

  • 市场规模及预测
  • 市占率及预测
  • 亚太地区:国别分析
    • 中国
    • 印度
    • 日本
    • 韩国
    • 澳洲

第九章:中东和非洲氢化植物油市场展望

  • 市场规模及预测
  • 市占率及预测
  • 中东与非洲:国别分析
    • 沙乌地阿拉伯
    • 阿拉伯聯合大公国
    • 南非

第十章:南美洲氢化植物油市场展望

  • 市场规模及预测
  • 市占率及预测
  • 南美洲:国别分析
    • 巴西
    • 哥伦比亚
    • 阿根廷

第十一章 市场动态

  • 促进因素
  • 任务

第十二章 市场趋势与发展

  • 併购
  • 产品发布
  • 近期趋势

第十三章 全球氢化植物油市场:SWOT分析

第十四章:波特五力分析

  • 产业竞争
  • 新进入者的潜力
  • 供应商的议价能力
  • 顾客权力
  • 替代品的威胁

第十五章 竞争格局

  • Eni SpA
  • St1 Nordic Oy
  • Neste Oyj
  • Valero Energy Corporation
  • PT Pertamina
  • Repsol SA
  • TotalEnergies SE
  • UPM-Kymmene Corporation
  • Renewable Energy Group, Inc.
  • Green Biofuels Limited

第十六章 策略建议

第十七章:关于研究公司及免责声明

简介目录
Product Code: 23838

The Global Hydrotreated Vegetable Oil Market is projected to expand from USD 14.61 Billion in 2025 to USD 19.32 Billion by 2031, achieving a CAGR of 4.77%. Hydrotreated Vegetable Oil (HVO) is a paraffinic renewable fuel created through the hydroprocessing of vegetable oils and animal fats, offering a distinct advantage over traditional biodiesel due to its drop-in compatibility with current diesel infrastructure and engines. The market is chiefly driven by strict government decarbonization mandates, such as the European Union's Renewable Energy Directive, which enforce greenhouse gas emission reductions in the heavy transport sector. Additionally, the operational flexibility of HVO, characterized by excellent storage stability and superior cold-flow properties, promotes its adoption as a premium sustainable option for logistics fleets requiring immediate reductions in carbon intensity.

Market Overview
Forecast Period2027-2031
Market Size 2025USD 14.61 Billion
Market Size 2031USD 19.32 Billion
CAGR 2026-20314.77%
Fastest Growing SegmentUsed Cooking Oil
Largest MarketAsia Pacific

However, the market faces a substantial obstacle regarding the high volatility and limited availability of sustainable feedstock costs, a situation worsened as the aviation sector increasingly competes for residues and waste oils. This scarcity threatens to restrict production scalability even as processing capacity grows. According to the International Energy Agency, global production capacity for sustainable aviation fuel and renewable diesel is expected to rise by 40% in 2025, reaching a total of 800,000 barrels per day.

Market Driver

The Decarbonization of the Heavy-Duty Transportation Sector is significantly influencing the market, acting as a major catalyst for the uptake of hydrotreated vegetable oil (HVO). As industrial fleets and logistics companies encounter mounting pressure to lower their carbon intensity, HVO has become a critical solution due to its chemical resemblance to fossil diesel, allowing for immediate application without costly engine modifications. This transition is further supported by federal incentives and low-carbon fuel programs that encourage high-volume usage in road transport. To illustrate the scale of this demand, the U.S. Energy Information Administration's 'Short-Term Energy Outlook' from December 2024 forecasts that renewable diesel consumption in the United States will average 250,000 barrels per day in 2025.

concurrently, the Rising Demand for Sustainable Aviation Fuel (SAF) is transforming production dynamics and prompting investments in dual-purpose facilities. Since HVO and SAF frequently rely on similar hydroprocessing technologies and feedstocks, the aviation industry's aggressive pursuit of emission reductions is driving refiners to rapidly build capacity capable of flexibly producing both fuels. According to the International Air Transport Association's 'SAF Production Estimates' from December 2024, global SAF production volumes hit 1 million tonnes in 2024, doubling the previous year's total. To support this infrastructure growth, Cepsa announced in February 2024 the initiation of a new second-generation biofuels plant in Spain with a €1.2 billion investment.

Market Challenge

The scarcity and high volatility of sustainable feedstock costs constitute a critical bottleneck impeding the expansion of the Global Hydrotreated Vegetable Oil Market. As producers strive to scale operations to satisfy decarbonization mandates, they face a severe shortage of essential raw materials, specifically animal fats, waste oils, and residues. This deficit is exacerbated by the aviation sector, which is increasingly securing these same finite resources for Sustainable Aviation Fuel production. Consequently, HVO manufacturers deal with unpredictable operating expenses and shrinking profit margins, which undermines investor confidence and prevents the fuel from becoming a cost-competitive alternative for logistics fleets, ultimately stalling production scalability despite rising demand.

According to the European Biodiesel Board, the share of waste-based feedstocks in the region's total biodiesel and HVO production mix reached 55% in 2024, surpassing crop-based inputs for the first time. This statistic underscores the industry's growing reliance on residue streams that are becoming increasingly contested. As competition for these limited resources intensifies, supply chain rigidity forces prices upward, thereby restricting the market's ability to sustain the consistent output levels necessary for widespread global adoption.

Market Trends

The Emergence of Vertical Integration in Feedstock Supply Chains is gaining momentum as producers aim to insulate themselves from raw material price volatility. Instead of relying on third-party aggregators for residues and waste oils, market leaders are increasingly acquiring upstream collection networks to guarantee a stable input flow. This structural shift enables companies to capture margins across the entire value chain and secure scarce waste resources before they reach the open market. Exemplifying this strategy, Biobased Diesel Daily reported in December 2024 that the environmental commodities firm STX Group acquired the waste-based feedstock trader Marine Olie to establish a fully integrated sourcing platform across the Amsterdam-Rotterdam-Antwerp region.

Simultaneously, the Retrofitting of Fossil Fuel Refineries for Co-Processing Capacity is emerging as a cost-efficient alternative to constructing greenfield facilities. By modifying existing hydrocrackers to process renewable lipids alongside petroleum distillates, major oil companies can rapidly introduce lower-carbon fuels into the supply mix without abandoning legacy infrastructure. This approach utilizes established logistics and minimizes capital expenditure while meeting immediate regulatory blending obligations. Highlighting the scale of this transition, BP America reported in May 2024 that its Cherry Point refinery successfully expanded its capabilities to co-process over 7,000 barrels of renewable diesel per day by utilizing existing units to blend biomass-based feedstocks with conventional crude oil.

Key Market Players

  • Eni S.p.A.
  • St1 Nordic Oy
  • Neste Oyj
  • Valero Energy Corporation
  • PT Pertamina
  • Repsol SA
  • TotalEnergies SE
  • UPM-Kymmene Corporation
  • Renewable Energy Group, Inc.
  • Green Biofuels Limited

Report Scope

In this report, the Global Hydrotreated Vegetable Oil Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Hydrotreated Vegetable Oil Market, By Feedstock

  • Edible Vegetable Oils
  • Crude Palm Oil
  • Used Cooking Oil
  • Tall Oil
  • Animal Fats
  • Others

Hydrotreated Vegetable Oil Market, By End User

  • Transportation
  • Agriculture
  • Industrial
  • Others

Hydrotreated Vegetable Oil Market, By Region

  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • France
    • United Kingdom
    • Italy
    • Germany
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • South America
    • Brazil
    • Argentina
    • Colombia
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Hydrotreated Vegetable Oil Market.

Available Customizations:

Global Hydrotreated Vegetable Oil Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

  • 1.1. Market Definition
  • 1.2. Scope of the Market
    • 1.2.1. Markets Covered
    • 1.2.2. Years Considered for Study
    • 1.2.3. Key Market Segmentations

2. Research Methodology

  • 2.1. Objective of the Study
  • 2.2. Baseline Methodology
  • 2.3. Key Industry Partners
  • 2.4. Major Association and Secondary Sources
  • 2.5. Forecasting Methodology
  • 2.6. Data Triangulation & Validation
  • 2.7. Assumptions and Limitations

3. Executive Summary

  • 3.1. Overview of the Market
  • 3.2. Overview of Key Market Segmentations
  • 3.3. Overview of Key Market Players
  • 3.4. Overview of Key Regions/Countries
  • 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Hydrotreated Vegetable Oil Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share & Forecast
    • 5.2.1. By Feedstock (Edible Vegetable Oils, Crude Palm Oil, Used Cooking Oil, Tall Oil, Animal Fats, Others)
    • 5.2.2. By End User (Transportation, Agriculture, Industrial, Others)
    • 5.2.3. By Region
    • 5.2.4. By Company (2025)
  • 5.3. Market Map

6. North America Hydrotreated Vegetable Oil Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By Feedstock
    • 6.2.2. By End User
    • 6.2.3. By Country
  • 6.3. North America: Country Analysis
    • 6.3.1. United States Hydrotreated Vegetable Oil Market Outlook
      • 6.3.1.1. Market Size & Forecast
        • 6.3.1.1.1. By Value
      • 6.3.1.2. Market Share & Forecast
        • 6.3.1.2.1. By Feedstock
        • 6.3.1.2.2. By End User
    • 6.3.2. Canada Hydrotreated Vegetable Oil Market Outlook
      • 6.3.2.1. Market Size & Forecast
        • 6.3.2.1.1. By Value
      • 6.3.2.2. Market Share & Forecast
        • 6.3.2.2.1. By Feedstock
        • 6.3.2.2.2. By End User
    • 6.3.3. Mexico Hydrotreated Vegetable Oil Market Outlook
      • 6.3.3.1. Market Size & Forecast
        • 6.3.3.1.1. By Value
      • 6.3.3.2. Market Share & Forecast
        • 6.3.3.2.1. By Feedstock
        • 6.3.3.2.2. By End User

7. Europe Hydrotreated Vegetable Oil Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
  • 7.2. Market Share & Forecast
    • 7.2.1. By Feedstock
    • 7.2.2. By End User
    • 7.2.3. By Country
  • 7.3. Europe: Country Analysis
    • 7.3.1. Germany Hydrotreated Vegetable Oil Market Outlook
      • 7.3.1.1. Market Size & Forecast
        • 7.3.1.1.1. By Value
      • 7.3.1.2. Market Share & Forecast
        • 7.3.1.2.1. By Feedstock
        • 7.3.1.2.2. By End User
    • 7.3.2. France Hydrotreated Vegetable Oil Market Outlook
      • 7.3.2.1. Market Size & Forecast
        • 7.3.2.1.1. By Value
      • 7.3.2.2. Market Share & Forecast
        • 7.3.2.2.1. By Feedstock
        • 7.3.2.2.2. By End User
    • 7.3.3. United Kingdom Hydrotreated Vegetable Oil Market Outlook
      • 7.3.3.1. Market Size & Forecast
        • 7.3.3.1.1. By Value
      • 7.3.3.2. Market Share & Forecast
        • 7.3.3.2.1. By Feedstock
        • 7.3.3.2.2. By End User
    • 7.3.4. Italy Hydrotreated Vegetable Oil Market Outlook
      • 7.3.4.1. Market Size & Forecast
        • 7.3.4.1.1. By Value
      • 7.3.4.2. Market Share & Forecast
        • 7.3.4.2.1. By Feedstock
        • 7.3.4.2.2. By End User
    • 7.3.5. Spain Hydrotreated Vegetable Oil Market Outlook
      • 7.3.5.1. Market Size & Forecast
        • 7.3.5.1.1. By Value
      • 7.3.5.2. Market Share & Forecast
        • 7.3.5.2.1. By Feedstock
        • 7.3.5.2.2. By End User

8. Asia Pacific Hydrotreated Vegetable Oil Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
  • 8.2. Market Share & Forecast
    • 8.2.1. By Feedstock
    • 8.2.2. By End User
    • 8.2.3. By Country
  • 8.3. Asia Pacific: Country Analysis
    • 8.3.1. China Hydrotreated Vegetable Oil Market Outlook
      • 8.3.1.1. Market Size & Forecast
        • 8.3.1.1.1. By Value
      • 8.3.1.2. Market Share & Forecast
        • 8.3.1.2.1. By Feedstock
        • 8.3.1.2.2. By End User
    • 8.3.2. India Hydrotreated Vegetable Oil Market Outlook
      • 8.3.2.1. Market Size & Forecast
        • 8.3.2.1.1. By Value
      • 8.3.2.2. Market Share & Forecast
        • 8.3.2.2.1. By Feedstock
        • 8.3.2.2.2. By End User
    • 8.3.3. Japan Hydrotreated Vegetable Oil Market Outlook
      • 8.3.3.1. Market Size & Forecast
        • 8.3.3.1.1. By Value
      • 8.3.3.2. Market Share & Forecast
        • 8.3.3.2.1. By Feedstock
        • 8.3.3.2.2. By End User
    • 8.3.4. South Korea Hydrotreated Vegetable Oil Market Outlook
      • 8.3.4.1. Market Size & Forecast
        • 8.3.4.1.1. By Value
      • 8.3.4.2. Market Share & Forecast
        • 8.3.4.2.1. By Feedstock
        • 8.3.4.2.2. By End User
    • 8.3.5. Australia Hydrotreated Vegetable Oil Market Outlook
      • 8.3.5.1. Market Size & Forecast
        • 8.3.5.1.1. By Value
      • 8.3.5.2. Market Share & Forecast
        • 8.3.5.2.1. By Feedstock
        • 8.3.5.2.2. By End User

9. Middle East & Africa Hydrotreated Vegetable Oil Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
  • 9.2. Market Share & Forecast
    • 9.2.1. By Feedstock
    • 9.2.2. By End User
    • 9.2.3. By Country
  • 9.3. Middle East & Africa: Country Analysis
    • 9.3.1. Saudi Arabia Hydrotreated Vegetable Oil Market Outlook
      • 9.3.1.1. Market Size & Forecast
        • 9.3.1.1.1. By Value
      • 9.3.1.2. Market Share & Forecast
        • 9.3.1.2.1. By Feedstock
        • 9.3.1.2.2. By End User
    • 9.3.2. UAE Hydrotreated Vegetable Oil Market Outlook
      • 9.3.2.1. Market Size & Forecast
        • 9.3.2.1.1. By Value
      • 9.3.2.2. Market Share & Forecast
        • 9.3.2.2.1. By Feedstock
        • 9.3.2.2.2. By End User
    • 9.3.3. South Africa Hydrotreated Vegetable Oil Market Outlook
      • 9.3.3.1. Market Size & Forecast
        • 9.3.3.1.1. By Value
      • 9.3.3.2. Market Share & Forecast
        • 9.3.3.2.1. By Feedstock
        • 9.3.3.2.2. By End User

10. South America Hydrotreated Vegetable Oil Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
  • 10.2. Market Share & Forecast
    • 10.2.1. By Feedstock
    • 10.2.2. By End User
    • 10.2.3. By Country
  • 10.3. South America: Country Analysis
    • 10.3.1. Brazil Hydrotreated Vegetable Oil Market Outlook
      • 10.3.1.1. Market Size & Forecast
        • 10.3.1.1.1. By Value
      • 10.3.1.2. Market Share & Forecast
        • 10.3.1.2.1. By Feedstock
        • 10.3.1.2.2. By End User
    • 10.3.2. Colombia Hydrotreated Vegetable Oil Market Outlook
      • 10.3.2.1. Market Size & Forecast
        • 10.3.2.1.1. By Value
      • 10.3.2.2. Market Share & Forecast
        • 10.3.2.2.1. By Feedstock
        • 10.3.2.2.2. By End User
    • 10.3.3. Argentina Hydrotreated Vegetable Oil Market Outlook
      • 10.3.3.1. Market Size & Forecast
        • 10.3.3.1.1. By Value
      • 10.3.3.2. Market Share & Forecast
        • 10.3.3.2.1. By Feedstock
        • 10.3.3.2.2. By End User

11. Market Dynamics

  • 11.1. Drivers
  • 11.2. Challenges

12. Market Trends & Developments

  • 12.1. Merger & Acquisition (If Any)
  • 12.2. Product Launches (If Any)
  • 12.3. Recent Developments

13. Global Hydrotreated Vegetable Oil Market: SWOT Analysis

14. Porter's Five Forces Analysis

  • 14.1. Competition in the Industry
  • 14.2. Potential of New Entrants
  • 14.3. Power of Suppliers
  • 14.4. Power of Customers
  • 14.5. Threat of Substitute Products

15. Competitive Landscape

  • 15.1. Eni S.p.A.
    • 15.1.1. Business Overview
    • 15.1.2. Products & Services
    • 15.1.3. Recent Developments
    • 15.1.4. Key Personnel
    • 15.1.5. SWOT Analysis
  • 15.2. St1 Nordic Oy
  • 15.3. Neste Oyj
  • 15.4. Valero Energy Corporation
  • 15.5. PT Pertamina
  • 15.6. Repsol SA
  • 15.7. TotalEnergies SE
  • 15.8. UPM-Kymmene Corporation
  • 15.9. Renewable Energy Group, Inc.
  • 15.10. Green Biofuels Limited

16. Strategic Recommendations

17. About Us & Disclaimer