Green Diesel Market Size, Share, and Analysis, By Type (Blended Biodiesel, Pure Biodiesel), By Raw Material (Animal Fats, Vegetable Oils, and Waste Oils), By Production Technology (Hydro-processing, Gasification, and Pyrolysis), By Application (Transporta

Green Diesel Market Size, Share, and Analysis, By Type (Blended Biodiesel, Pure Biodiesel), By Raw Material (Animal Fats, Vegetable Oils, and Waste Oils), By Production Technology (Hydro-processing, Gasification, and Pyrolysis), By Application (Transportation, Power Generation, and Others), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Green Diesel Market is projected to exhibit a Compound Annual Growth Rate (CAGR) of 12.1% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 33.3 billion and is projected to reach USD 117.2 billion by the completion of 2034.

Green diesel, also known as renewable diesel, is a renewable-based fuel that can replace traditional petroleum diesel. Unlike biodiesel, which needs to be mixed with petroleum diesel, green diesel is chemically similar to fossil diesel and can be used in existing diesel engines without modifications. It is derived from a variety of feedstocks, including vegetable oils, animal fats, used cooking oil (UCO), and algae. Production processes include hydrotreating, which converts fats and oils into hydrocarbons similar to conventional diesel, and pyrolysis, which decomposes organic materials at high temperatures without oxygen. Green diesel significantly decreases greenhouse gas emissions by up to 80% compared to regular diesel and lowers emissions of particulates, sulfur oxides, and nitrogen oxides, improving air quality. It has the same energy content, cetane number, and cold flow characteristics as petroleum diesel, making it suitable for use in transportation, such as vehicles, trucks, buses, ships, and planes.

MARKET HIGHLIGHTS

Green Diesel Market is projected to reach USD 117.2 billion in the forecast period. Environmental concerns and global efforts to reduce greenhouse gas emissions are driving the demand for green diesel, which emerges as a sustainable option with significantly lower emissions than standard diesel. Governments worldwide are promoting the shift to green diesel through tax benefits, subsidies, and blending regulations, increasing its economic value. Advancements in production efficiency technology are driving down prices, while ongoing research into innovative feedstocks ensures a reliable and sustainable supply chain, leading to a surge in the demand for green diesel. The compatibility of green diesel with existing infrastructure is also streamlining its adoption process.

Green Diesel Market Segments:

• By Type
• Blended Biodiesel
• Pure Biodiesel
• By Raw Material
• Animal Fats
• Vegetable Oils
• Waste Oils
• By Production Technology
• Hydro-processing
• Gasification
• Pyrolysis
• By Application
• Transportation
• Power Generation
• Others

MARKET DYNAMICS

Growth Drivers

Environmental regulations are Critical to Boost the Adoption of Green Diesel

Technological Advancements Will Aid the Market

Restraint

Cost competitiveness can Limit the Growth of the Green Diesel Market

Key Players

• Neste Corporation
• Shell
• Wilmar International Limited
• Enerkem
• TotalEnergies
• Honeywell UOP
• Renewable Energy Group, Inc. (REG)
• Marathon Petroleum Corporation
• Diamond Green Diesel
• Chevron Corporation
• UPM Biofuels
• Eni S.p.A.
• Phillips 66
• ExxonMobil
• Gevo, Inc.
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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