Renewable Diesel Market by Feedstock Type, Technology, End-User

List of Tables

The Renewable Diesel Market was valued at USD 40.41 billion in 2023, expected to reach USD 46.78 billion in 2024, and is projected to grow at a CAGR of 16.18%, to USD 115.53 billion by 2030.

The scope of the renewable diesel market encompasses the production, distribution, and consumption of diesel fuel made from renewable resources such as vegetable oils, animal fats, and waste cooking oils. Renewable diesel is a necessity due to its role in reducing greenhouse gas emissions, lessening dependency on fossil fuels, and meeting stringent environmental regulations. It is primarily used in transportation, commercial vehicles, and power generation, boasting a chemical structure similar to traditional diesel but without pollutants like sulfur and aromatic compounds. Its end-use scope typically includes transportation sectors, agricultural applications, and as a blend with petroleum diesel in industries aiming for sustainability goals.

KEY MARKET STATISTICS
Base Year [2023]	USD 40.41 billion
Estimated Year [2024]	USD 46.78 billion
Forecast Year [2030]	USD 115.53 billion
CAGR (%)	16.18%

Key growth factors in the renewable diesel market include rising environmental awareness, government incentives for cleaner fuels, and advancements in processing technologies that enhance production efficiency. The increasing demand for sustainable and cleaner fuel alternatives in countries focused on carbon footprint reduction will provide further opportunities. Notably, expanding production capacity, strategic partnerships, and investments in waste oil recovery present significant prospects for market players. Despite these opportunities, the market faces challenges such as high production costs, feedstock availability, and competition with biodiesel and other renewable energy sources. Policy uncertainties and infrastructure limitations also pose barriers to its widespread adoption.

Areas ripe for innovation include researching new feedstock sources like algae, leveraging advanced processing technologies to reduce costs, and improving fuel properties. Developing technologically advanced refining processes could enhance emission control and meet rising fuel standards, potentially capturing a larger market share. The market's dynamic nature is characterized by constant innovation and competition influenced by regulatory policies and technological advancements, pressing companies to adopt flexible strategies and proactive R&D investments. Effective navigation through these challenges requires a focus on collaborative ventures, optimizing supply chain mechanisms, and investing in scalable and sustainable solutions to bolster market growth and resilience.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Renewable Diesel Market

The Renewable Diesel Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Government initiatives to accelerate the use and development of renewable fuels
- Exponential use in buses, waste transport and emergency response vehicles
- Improved renewable diesel quality and performance tracking certifications and standards
Market Restraints
- Fluctuating cost of organic feedstocks used to make renewable diesel
Market Opportunities
- Technological advancements in the production and sources of renewable diesel
- Strategic collaboration activities between end-users and market players
Market Challenges
- Lubricity limitations of renewable diesel fuels

Porter's Five Forces: A Strategic Tool for Navigating the Renewable Diesel Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Renewable Diesel Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Renewable Diesel Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Renewable Diesel Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Renewable Diesel Market

A detailed market share analysis in the Renewable Diesel Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Renewable Diesel Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Renewable Diesel Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Renewable Diesel Market

A strategic analysis of the Renewable Diesel Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Renewable Diesel Market, highlighting leading vendors and their innovative profiles. These include Aemetis, Inc., Ag Processing Inc, Agilent Technologies, Inc., AMERICAN GREENFUELS, LLC, Calumet Specialty Products Partners, L.P., Cargill, Incorporated, Chevron Corporation, Diamond Green Diesel, Elite Natural Oils & Fuels Pvt. Ltd., Emami Agrotech Limited (EAL), Eni S.p.A., Erigo Bio Fuels P Ltd., Euglena Co., Ltd., Exxon Mobil Corporation, Geekay Fuels, Gevo, Inc., Global Clean Energy Holdings, Inc., HF Sinclair Corporation, Kern Energy, Louis Dreyfus Company, Marathon Petroleum Corporation, Metrohm AG, Milton Roy by Ingersoll Rand Inc., Muenzer Bharat Private Limited, Neste Corporation, NSR Industries, Olleco by ABP Food Group, Pan Oleo Energy Limited, PBF Energy Inc., Phillips 66 Company, RB Fuels, Revo International Inc., Shell PLC, The Archer-Daniels-Midland Company, The Ashcourt Group, Valero Energy Corporation, Veoli Environnement S A, and VERBIO Vereinigte BioEnergie AG.

Market Segmentation & Coverage

This research report categorizes the Renewable Diesel Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Feedstock Type, market is studied across Fresh Vegetable Oils and Waste Oils. The Fresh Vegetable Oils is further studied across Canola Oil, Corn Oil, Palm Oil, Soybean Oil, and Sunflower Oil. The Waste Oils is further studied across Fish Oil, Tallow, and Used Cooking Oil.
Based on Technology, market is studied across Biomass-to-Liquid, Hydrotreating, and Pyrolysis-Rapid Thermal.
Based on End-User, market is studied across Industrial and Transportation.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-BB308E0D29E1

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Government initiatives to accelerate the use and development of renewable fuels
  - 5.1.1.2. Exponential use in buses, waste transport and emergency response vehicles
  - 5.1.1.3. Improved renewable diesel quality and performance tracking certifications and standards
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuating cost of organic feedstocks used to make renewable diesel
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in the production and sources of renewable diesel
  - 5.1.3.2. Strategic collaboration activities between end-users and market players
- 5.1.4. Challenges
  - 5.1.4.1. Lubricity limitations of renewable diesel fuels
5.2. Market Segmentation Analysis
- 5.2.1. Feedstock Type: Companies can lower their carbon footprint while also saving energy and reducing costs by producing diesel from waste oil
- 5.2.2. Technology: Hydrotreating, gasification, and pyrolysis are exponential used method in producing renewable diesel
- 5.2.3. End-User: Renewable diesel is a source of clean energy source for mining, oil & gas operations
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Renewable Diesel Market, by Feedstock Type

6.1. Introduction
6.2. Fresh Vegetable Oils
- 6.2.1. Canola Oil
- 6.2.2. Corn Oil
- 6.2.3. Palm Oil
- 6.2.4. Soybean Oil
- 6.2.5. Sunflower Oil
6.3. Waste Oils
- 6.3.1. Fish Oil
- 6.3.2. Tallow
- 6.3.3. Used Cooking Oil

7. Renewable Diesel Market, by Technology

7.1. Introduction
7.2. Biomass-to-Liquid
7.3. Hydrotreating
7.4. Pyrolysis-Rapid Thermal

8. Renewable Diesel Market, by End-User

8.1. Introduction
8.2. Industrial
8.3. Transportation

9. Americas Renewable Diesel Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Renewable Diesel Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Renewable Diesel Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Mitsui to Invest in Renewable Diesel and SAF Production Business in Portugal
- 12.3.2. Cummins Announces Approval of Unblended Renewable Diesel Use in All Industrial High-Horsepower Engines
- 12.3.3. Art Launches Catalyst System To Produce Renewable Diesel, SAF From 100% Renewable Sources
12.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Aemetis, Inc.
2. Ag Processing Inc
3. Agilent Technologies, Inc.
4. AMERICAN GREENFUELS, LLC
5. Calumet Specialty Products Partners, L.P.
6. Cargill, Incorporated
7. Chevron Corporation
8. Diamond Green Diesel
9. Elite Natural Oils & Fuels Pvt. Ltd.
10. Emami Agrotech Limited (EAL)
11. Eni S.p.A.
12. Erigo Bio Fuels P Ltd.
13. Euglena Co., Ltd.
14. Exxon Mobil Corporation
15. Geekay Fuels
16. Gevo, Inc.
17. Global Clean Energy Holdings, Inc.
18. HF Sinclair Corporation
19. Kern Energy
20. Louis Dreyfus Company
21. Marathon Petroleum Corporation
22. Metrohm AG
23. Milton Roy by Ingersoll Rand Inc.
24. Muenzer Bharat Private Limited
25. Neste Corporation
26. NSR Industries
27. Olleco by ABP Food Group
28. Pan Oleo Energy Limited
29. PBF Energy Inc.
30. Phillips 66 Company
31. RB Fuels
32. Revo International Inc.
33. Shell PLC
34. The Archer-Daniels-Midland Company
35. The Ashcourt Group
36. Valero Energy Corporation
37. Veoli Environnement S A
38. VERBIO Vereinigte BioEnergie AG