Global Hydrotreated Vegetable Oil (HVO) Market Growth 2025-2031

Global Hydrotreated Vegetable Oil (HVO) Market Growth 2025-2031

The global Hydrotreated Vegetable Oil (HVO) market size is predicted to grow from US$ 18120 million in 2025 to US$ 37310 million in 2031; it is expected to grow at a CAGR of 12.8% from 2025 to 2031.

Hydrotreated vegetable oil (HVO) is a renewable diesel produced through a hydrogenation process. The process uses vegetable oil, animal fat or waste oil as raw materials, removes oxygen molecules through hydrogenation, and obtains a clean fuel with chemical properties similar to traditional fossil diesel. HVO has excellent combustion performance and lower carbon emissions. Compared with traditional diesel, it can not only reduce greenhouse gas emissions, but also can be used directly in existing diesel engines. Therefore, it is widely used in transportation and other fields that require diesel.

Hydrogenated vegetable oil (HVO) is an advanced biofuel made by hydrotreating vegetable oil and waste oils, with chemical properties and combustion performance similar to traditional diesel. Compared with traditional biodiesel, HVO has higher energy density, better low-temperature performance and lower pollutant emissions, such as nitrogen oxides and particulate matter, and can effectively reduce carbon dioxide emissions. Due to its renewability and low environmental impact, HVO is regarded as a sustainable alternative fuel suitable for existing diesel engines and infrastructure. It is widely used in transportation, shipping and industry to help the transition to a low-carbon economy. The classification of hydrogenated vegetable oil (HVO) is divided into eco-refining technology-based, co-processing technology-based and others, among which eco-refining technology-based revenue accounts for a large proportion, accounting for 67.26% in 2023. The applications of hydrogenated vegetable oil (HVO) are divided into automotive, generators, industrial power systems and others, among which automotive revenue accounts for a large proportion, accounting for 68.97% in 2023.

LP Information, Inc. (LPI) ' newest research report, the “Hydrotreated Vegetable Oil (HVO) Industry Forecast” looks at past sales and reviews total world Hydrotreated Vegetable Oil (HVO) sales in 2024, providing a comprehensive analysis by region and market sector of projected Hydrotreated Vegetable Oil (HVO) sales for 2025 through 2031. With Hydrotreated Vegetable Oil (HVO) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hydrotreated Vegetable Oil (HVO) industry.

This Insight Report provides a comprehensive analysis of the global Hydrotreated Vegetable Oil (HVO) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hydrotreated Vegetable Oil (HVO) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hydrotreated Vegetable Oil (HVO) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hydrotreated Vegetable Oil (HVO) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hydrotreated Vegetable Oil (HVO).

This report presents a comprehensive overview, market shares, and growth opportunities of Hydrotreated Vegetable Oil (HVO) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Based on Ecofining Technology
Based on Co-Processing Technology
Other

Segmentation by Application:
Vehicle
Generator
Industrial Power System
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below 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.
Neste
Diamond Green Diesel
UPM Biofuels
Renewable Energy Group
Eni
World Energy
TotalEnergies
Preem
Repsol
Cepsa
NextChem(Maire Tecnimont)
Axens
BP
Certas Energy

Key Questions Addressed in this Report

What is the 10-year outlook for the global Hydrotreated Vegetable Oil (HVO) market?

What factors are driving Hydrotreated Vegetable Oil (HVO) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Hydrotreated Vegetable Oil (HVO) market opportunities vary by end market size?

How does Hydrotreated Vegetable Oil (HVO) break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.