Renewable Diesel Market Size – By Feedstock (Soybean Oil, Palm Oil, Canola/Rapeseed Oil, Corn Oil, Sunflower Oil, Used Cooking Oil (UCO) and Others), By Production Process (Hydrotreating, Co-Processing in Petroleum Refineries, Thermochemical Processes, Others), By Distribution Channel (Direct Sales and Distributors), By End-use (Automotive, Marine, Aerospace, Power Generation and Others) & Region – Global Forecasts 2024 - 2034.
- PUBLISHED ON
- 2024-11-18
- NO OF PAGES
- 275
- CATEGORY
- Energy & Power
Market Overview
The Renewable Diesel market report is predicted to develop at a compound annual growth rate (CAGR) of 16.8% from 2024 to 2034, when global Renewable Diesel market forecast size is projected to reach USD 12.86 Billion in 2034, based on an average growth pattern. The global Renewable Diesel market revenue is estimated to reach a value of USD 3.92 Billion in 2024.
SOURCE: We Market Research
The Global
Renewable Diesel Market is experiencing rapid growth driven by increased demand
for low-carbon and sustainable fuel alternatives. Renewable diesel, chemically
similar to conventional diesel, is produced from various feedstocks such as
vegetable oils, animal fats, used cooking oils, and other waste materials.
Unlike biodiesel, it can be used directly in existing diesel engines and fuel
infrastructure without modifications, making it a highly versatile fuel source
for reducing greenhouse gas emissions.
The Global
Renewable Diesel Market refers to the industry segment focused on the
production, distribution, and utilization of renewable diesel—a high-quality,
drop-in alternative fuel made from renewable resources such as vegetable oils,
animal fats, used cooking oils, and other waste and residual feedstocks.
Renewable diesel is chemically identical to petroleum diesel and can be used in
existing diesel engines and infrastructure without modification, unlike
biodiesel, making it a versatile solution for reducing greenhouse gas emissions
in transportation and other sectors. This market encompasses all activities
related to feedstock sourcing, refining processes (such as hydrotreating),
production technologies, and end-use applications in sectors like automotive,
aviation, and industrial power generation.
Global Renewable Diesel Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 3.92 Billion |
|
Market
Forecast in 2034 |
USD 12.76 Billion |
|
CAGR % 2024-2034 |
16.8% |
|
Base
Year |
2023 |
|
Historic Data |
2019-2023 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Feedstock,
By Production Process, By Distribution Channel, By End-Use and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Market Dynamics & Restraints
Global Renewable Diesel Market Opportunity:
We Market
Research: Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global Renewable Diesel market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.