PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1543684
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1543684
Global Hydroprocessed Esters and Fatty Acids Market Size study, by Source Type, by Application, by End-use and Regional Forecasts 2022-2032
The Global Hydroprocessed Esters and Fatty Acids (HEFA) Market was valued at approximately USD 13.3 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 16.0% over the forecast period 2024-2032. The rise in air traffic is significantly driving the HEFA market value. HEFA meets the increasing demand for renewable biofuels, largely driven by biofuel mandates and heightened customer demand for sustainable aviation fuels. The sector is also witnessing growth due to an increased focus on climate change, with HEFA fuels offering a viable alternative to petroleum counterparts by helping reduce dependence on fossil fuels and limiting CO2 emissions.
Hydroprocessed esters and fatty acids are renewable diesel fuels produced from various vegetable oils and fats. These fuels are widely used in vehicle fuels, aviation fuels, generators, and industrial applications, positioning them as leading alternatives to conventional jet fuels. The shift from fossil-based to bio-based fuels is gaining momentum, boosting the HEFA market. Jet biofuels, which share similar chemical compositions and performance characteristics with fossil jet fuels, are instrumental in reducing CO2 emissions in the aviation sector. Key players in the HEFA industry are focusing on the development of efficient production processes using renewable lipids derived from plants, animals, and microorganisms. The increasing shift to bio-based fuels is fostering market growth, supported by global air traffic expansion and government policies promoting sustainable development to mitigate climate change impacts.
The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. The North American region is both the fastest-growing and dominating region in the Hydroprocessed Esters and Fatty Acids (HEFA) Market. This leadership is driven by several key factors. North America, particularly the United States, has been at the forefront of adopting renewable fuels, including HEFA, due to stringent government regulations and incentives aimed at reducing greenhouse gas emissions and promoting sustainable energy sources. The region's well-established infrastructure for biofuel production, along with substantial investments in advanced bio-refineries, contributes to its dominance in the market. Additionally, North America has access to abundant feedstocks, such as waste oils, animal fats, and vegetable oils, which are essential for producing HEFA. The growing demand for sustainable aviation fuel (SAF) and renewable diesel, driven by environmental concerns and regulatory requirements, further accelerates market growth in the region. Moreover, the presence of major industry players and ongoing research and development activities aimed at improving HEFA production processes solidify North America's leading and fastest-growing position in the global market
Major market players included in this report are:
- Neste Corporation
- TotalEnergies SE
- Renewable Energy Group, Inc.
- Eni S.p.A.
- Chevron Corporation
- BP p.l.c.
- Marathon Petroleum Corporation
- Honeywell UOP
- SABIC (Saudi Basic Industries Corporation)
- Axens
- Galp Energia SGPS S.A.
- Ecovia Renewables, Inc.
- LanzaTech
- Bunge Limited
- Cargill, Inc.
The detailed segments and sub-segment of the market are explained below:
By Source Type:
- Vegetable-sourced Oils
- Animal-sourced Fats
By Application:
- Vehicle Fuels
- Aviation Fuels
- Generators
- Industrial
- Others
By End-use:
- Automotive
- Banking & Finance
- Construction
- Military
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Hydroprocessed Esters and Fatty Acids (HEFA) Market Executive Summary
- 1.1. Global Hydroprocessed Esters and Fatty Acids (HEFA) Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Source Type
- 1.3.2. By Application
- 1.3.3. By End-use
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Hydroprocessed Esters and Fatty Acids (HEFA) Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Hydroprocessed Esters and Fatty Acids (HEFA) Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rise in Air Traffic
- 3.1.2. Surge in Focus on Climate Change
- 3.2. Market Challenges
- 3.2.1. Fluctuating Raw Material Prices
- 3.2.2. Intense Market Competition
- 3.3. Market Opportunities
- 3.3.1. Investment in Emerging Markets
- 3.3.2. Technological Advancements in Production Processes
Chapter 4. Global Hydroprocessed Esters and Fatty Acids (HEFA) Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Hydroprocessed Esters and Fatty Acids (HEFA) Market Size & Forecasts by Source Type 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Hydroprocessed Esters and Fatty Acids (HEFA) Market: Source Type Revenue Trend Analysis, 2022 & 2034 (USD Billion)
- 5.2.1. Vegetable-sourced Oils
- 5.2.2. Animal-sourced Fats
Chapter 6. Global Hydroprocessed Esters and Fatty Acids (HEFA) Market Size & Forecasts by Application 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Hydroprocessed Esters and Fatty Acids (HEFA) Market: Application Revenue Trend Analysis, 2022 & 2034 (USD Billion)
- 6.2.1. Vehicle Fuels
- 6.2.2. Aviation Fuels
- 6.2.3. Generators
- 6.2.4. Industrial
- 6.2.5. Others
Chapter 7. Global Hydroprocessed Esters and Fatty Acids (HEFA) Market Size & Forecasts by End-use 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Hydroprocessed Esters and Fatty Acids (HEFA) Market: End-use Revenue Trend Analysis, 2022 & 2034 (USD Billion)
- 7.2.1. Automotive
- 7.2.2. Banking & Finance
- 7.2.3. Construction
- 7.2.4. Military
- 7.2.5. Others
Chapter 8. Global Hydroprocessed Esters and Fatty Acids (HEFA) Market Size & Forecasts by Region 2022-2032
- 8.1. North America Hydroprocessed Esters and Fatty Acids (HEFA) Market
- 8.1.1. U.S. Hydroprocessed Esters and Fatty Acids (HEFA) Market
- 8.1.1.1. Source Type breakdown size & forecasts, 2022-2032
- 8.1.1.2. Application breakdown size & forecasts, 2022-2032
- 8.1.1.3. End-use breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Hydroprocessed Esters and Fatty Acids (HEFA) Market
- 8.1.1. U.S. Hydroprocessed Esters and Fatty Acids (HEFA) Market
- 8.2. Europe Hydroprocessed Esters and Fatty Acids (HEFA) Market
- 8.2.1. Germany Hydroprocessed Esters and Fatty Acids (HEFA) Market
- 8.2.2. U.K. Hydroprocessed Esters and Fatty Acids (HEFA) Market
- 8.2.3. France Hydroprocessed Esters and Fatty Acids (HEFA) Market
- 8.2.4. Italy Hydroprocessed Esters and Fatty Acids (HEFA) Market
- 8.2.5. Rest of Europe Hydroprocessed Esters and Fatty Acids (HEFA) Market
- 8.3. Asia-Pacific Hydroprocessed Esters and Fatty Acids (HEFA) Market
- 8.3.1. China Hydroprocessed Esters and Fatty Acids (HEFA) Market
- 8.3.2. Japan Hydroprocessed Esters and Fatty Acids (HEFA) Market
- 8.3.3. India Hydroprocessed Esters and Fatty Acids (HEFA) Market
- 8.3.4. Rest of Asia-Pacific Hydroprocessed Esters and Fatty Acids (HEFA) Market
- 8.4. LAMEA Hydroprocessed Esters and Fatty Acids (HEFA) Market
- 8.4.1. Brazil Hydroprocessed Esters and Fatty Acids (HEFA) Market
- 8.4.2. Saudi Arabia Hydroprocessed Esters and Fatty Acids (HEFA) Market
- 8.4.3. South Africa Hydroprocessed Esters and Fatty Acids (HEFA) Market
- 8.4.4. Rest of LAMEA Hydroprocessed Esters and Fatty Acids (HEFA) Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Neste Corporation
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Market Strategies
- 9.3.2. TotalEnergies SE
- 9.3.3. Renewable Energy Group, Inc.
- 9.3.4. Eni S.p.A.
- 9.3.5. Chevron Corporation
- 9.3.6. BP p.l.c.
- 9.3.7. Marathon Petroleum Corporation
- 9.3.8. Honeywell UOP
- 9.3.9. SABIC (Saudi Basic Industries Corporation)
- 9.3.10. Axens
- 9.3.11. Galp Energia SGPS S.A.
- 9.3.12. Ecovia Renewables, Inc.
- 9.3.13. LanzaTech
- 9.3.14. Bunge Limited
- 9.3.15. Cargill, Inc.
- 9.3.1. Neste Corporation
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
