PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1502168
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1502168
North America Renewable Diesel Market Introduction and Overview
According to SPER Market Research, 'North America Renewable Diesel Market Size- By Type, By Application, By Feedstocks, - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' states that the North America Renewable Diesel Market is estimated to reach USD 28.57 billion by 2033 with a CAGR of 8.63%.
Advanced biofuels such as waste vegetable oil, animal fats, and other organic materials can be used to create renewable diesel. Renewable diesel is a cleaner-burning substitute that may be used in current diesel engines without modification, in contrast to regular diesel, which is obtained from crude oil. Compared to regular diesel, renewable diesel offers a number of benefits.
The market for renewable diesel has been affected by the COVID-19 epidemic in a variety of ways. Due to lower economic activity and travel limitations, the pandemic has, on the one hand, significantly reduced demand for transportation fuels, notably diesel. As a result, several locations have seen a decrease in production and a drop in the price of renewable fuel.
Scope of the Report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Type, By Application, By Feedstock
Regions covered United States, Mexico, Canada, Cuba, Rest of North America
Companies Covered Aemetis, Inc., Chevron Group (Renewable Energy Group), Gevo, Inc., Marathon Petroleum Corporation, Neste Oyj, PBF Energy Inc., Phillips 66, and Valero Energy Corporation.
North America Renewable Diesel Market Segmentation
By Type: Based on the Type, North America Renewable Diesel Market is segmented as; Lipids, Cellulosic Biomass.
By Application: Based on the Application, North America Renewable Diesel Market is segmented as; Locomotive, Ships, Power Plant, Truck, Others.
By Feedstocks: Based on the Feedstocks, North America Renewable Diesel Market is segmented as; Waste Oils, Vegetable Oils.
By Region: This research also includes data for United States, Mexico, Canada, Rest of North America.