Industry: Chemical & Material
Published Date: 2025-09-10
Pages: 100 Pages
Report ld: 4846830
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Hydrotreated Vegetable Oil (HVO) Market Size(US$)

CAGR 2025-2031
12.3%
Market Size,2031
USD 41,350
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Hydrotreated Vegetable Oil (HVO) market size was US$ 18530 million in 2024 and is forecast to a readjusted size of US$ 41350 million by 2031 with a CAGR of 12.3% during the forecast period 2025-2031.
By 2025, the evolving U.S. tariff policy is poised to inject considerable uncertainty into the global economic landscape. This report delves into the latest U.S. tariff measures and the corresponding policy responses across the globe, evaluating their impacts on Hydrotreated Vegetable Oil (HVO) market competitiveness, regional economic performance, and supply chain configurations.
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.
The global Hydrotreated Vegetable Oil (HVO) market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Hydrotreated Vegetable Oil (HVO) market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Based on Co-Processing Technology in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Generator in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Hydrotreated Vegetable Oil (HVO) value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Hydrotreated Vegetable Oil (HVO) Product Scope
1.2 Hydrotreated Vegetable Oil (HVO) by Type
1.2.1 Global Hydrotreated Vegetable Oil (HVO) Sales by Type (2020 & 2024 & 2031)
1.2.2 Based on Ecofining Technology
1.2.3 Based on Co-Processing Technology
1.2.4 Other
1.3 Hydrotreated Vegetable Oil (HVO) by Application
1.3.1 Global Hydrotreated Vegetable Oil (HVO) Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Vehicle
1.3.3 Generator
1.3.4 Industrial Power System
1.3.5 Other
1.4 Global Hydrotreated Vegetable Oil (HVO) Market Estimates and Forecasts (2020-2031)
1.4.1 Global Hydrotreated Vegetable Oil (HVO) Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Hydrotreated Vegetable Oil (HVO) Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Hydrotreated Vegetable Oil (HVO) Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Hydrotreated Vegetable Oil (HVO) Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Hydrotreated Vegetable Oil (HVO) Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Hydrotreated Vegetable Oil (HVO) Sales Market Share by Region (2020-2025)
2.2.2 Global Hydrotreated Vegetable Oil (HVO) Revenue Market Share by Region (2020-2025)
2.3 Global Hydrotreated Vegetable Oil (HVO) Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Hydrotreated Vegetable Oil (HVO) Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Hydrotreated Vegetable Oil (HVO) Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 Americas Hydrotreated Vegetable Oil (HVO) Market Size and Prospective (2020-2031)
2.4.2 EMEA Hydrotreated Vegetable Oil (HVO) Market Size and Prospective (2020-2031)
2.4.3 China Hydrotreated Vegetable Oil (HVO) Market Size and Prospective (2020-2031)
2.4.4 APAC (excluding China) Hydrotreated Vegetable Oil (HVO) Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Hydrotreated Vegetable Oil (HVO) Historic Market Review by Type (2020-2025)
3.1.1 Global Hydrotreated Vegetable Oil (HVO) Sales by Type (2020-2025)
3.1.2 Global Hydrotreated Vegetable Oil (HVO) Revenue by Type (2020-2025)
3.1.3 Global Hydrotreated Vegetable Oil (HVO) Price by Type (2020-2025)
3.2 Global Hydrotreated Vegetable Oil (HVO) Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Hydrotreated Vegetable Oil (HVO) Sales Forecast by Type (2026-2031)
3.2.2 Global Hydrotreated Vegetable Oil (HVO) Revenue Forecast by Type (2026-2031)
3.2.3 Global Hydrotreated Vegetable Oil (HVO) Price Forecast by Type (2026-2031)
3.3 Different Types Hydrotreated Vegetable Oil (HVO) Representative Players
4 Global Market Size by Application
4.1 Global Hydrotreated Vegetable Oil (HVO) Historic Market Review by Application (2020-2025)
4.1.1 Global Hydrotreated Vegetable Oil (HVO) Sales by Application (2020-2025)
4.1.2 Global Hydrotreated Vegetable Oil (HVO) Revenue by Application (2020-2025)
4.1.3 Global Hydrotreated Vegetable Oil (HVO) Price by Application (2020-2025)
4.2 Global Hydrotreated Vegetable Oil (HVO) Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Hydrotreated Vegetable Oil (HVO) Sales Forecast by Application (2026-2031)
4.2.2 Global Hydrotreated Vegetable Oil (HVO) Revenue Forecast by Application (2026-2031)
4.2.3 Global Hydrotreated Vegetable Oil (HVO) Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Hydrotreated Vegetable Oil (HVO) Application
5 Competition Landscape by Players
5.1 Global Hydrotreated Vegetable Oil (HVO) Sales by Players (2020-2025)
5.2 Global Top Hydrotreated Vegetable Oil (HVO) Players by Revenue (2020-2025)
5.3 Global Hydrotreated Vegetable Oil (HVO) Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Hydrotreated Vegetable Oil (HVO) as of 2024)
5.4 Global Hydrotreated Vegetable Oil (HVO) Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Hydrotreated Vegetable Oil (HVO), Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Hydrotreated Vegetable Oil (HVO), Product Type & Application
5.7 Global Key Manufacturers of Hydrotreated Vegetable Oil (HVO), Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 Americas Market: Players, Segments, Downstream and Major Customers
6.1.1 Americas Hydrotreated Vegetable Oil (HVO) Sales by Company
6.1.1.1 Americas Hydrotreated Vegetable Oil (HVO) Sales by Company (2020-2025)
6.1.1.2 Americas Hydrotreated Vegetable Oil (HVO) Revenue by Company (2020-2025)
6.1.2 Americas Hydrotreated Vegetable Oil (HVO) Sales Breakdown by Type (2020-2025)
6.1.3 Americas Hydrotreated Vegetable Oil (HVO) Sales Breakdown by Application (2020-2025)
6.1.4 Americas Hydrotreated Vegetable Oil (HVO) Major Customer
6.1.5 Americas Market Trend and Opportunities
6.2 EMEA Market: Players, Segments, Downstream and Major Customers
6.2.1 EMEA Hydrotreated Vegetable Oil (HVO) Sales by Company
6.2.1.1 EMEA Hydrotreated Vegetable Oil (HVO) Sales by Company (2020-2025)
6.2.1.2 EMEA Hydrotreated Vegetable Oil (HVO) Revenue by Company (2020-2025)
6.2.2 EMEA Hydrotreated Vegetable Oil (HVO) Sales Breakdown by Type (2020-2025)
6.2.3 EMEA Hydrotreated Vegetable Oil (HVO) Sales Breakdown by Application (2020-2025)
6.2.4 EMEA Hydrotreated Vegetable Oil (HVO) Major Customer
6.2.5 EMEA Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Hydrotreated Vegetable Oil (HVO) Sales by Company
6.3.1.1 China Hydrotreated Vegetable Oil (HVO) Sales by Company (2020-2025)
6.3.1.2 China Hydrotreated Vegetable Oil (HVO) Revenue by Company (2020-2025)
6.3.2 China Hydrotreated Vegetable Oil (HVO) Sales Breakdown by Type (2020-2025)
6.3.3 China Hydrotreated Vegetable Oil (HVO) Sales Breakdown by Application (2020-2025)
6.3.4 China Hydrotreated Vegetable Oil (HVO) Major Customer
6.3.5 China Market Trend and Opportunities
6.4 APAC (excluding China) Market: Players, Segments, Downstream and Major Customers
6.4.1 APAC (excluding China) Hydrotreated Vegetable Oil (HVO) Sales by Company
6.4.1.1 APAC (excluding China) Hydrotreated Vegetable Oil (HVO) Sales by Company (2020-2025)
6.4.1.2 APAC (excluding China) Hydrotreated Vegetable Oil (HVO) Revenue by Company (2020-2025)
6.4.2 APAC (excluding China) Hydrotreated Vegetable Oil (HVO) Sales Breakdown by Type (2020-2025)
6.4.3 APAC (excluding China) Hydrotreated Vegetable Oil (HVO) Sales Breakdown by Application (2020-2025)
6.4.4 APAC (excluding China) Hydrotreated Vegetable Oil (HVO) Major Customer
6.4.5 APAC (excluding China) Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Neste
7.1.1 Neste Company Information
7.1.2 Neste Business Overview
7.1.3 Neste Hydrotreated Vegetable Oil (HVO) Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Neste Hydrotreated Vegetable Oil (HVO) Products Offered
7.1.5 Neste Recent Development
7.2 Diamond Green Diesel
7.2.1 Diamond Green Diesel Company Information
7.2.2 Diamond Green Diesel Business Overview
7.2.3 Diamond Green Diesel Hydrotreated Vegetable Oil (HVO) Sales, Revenue and Gross Margin (2020-2025)
7.2.4 Diamond Green Diesel Hydrotreated Vegetable Oil (HVO) Products Offered
7.2.5 Diamond Green Diesel Recent Development
7.3 UPM Biofuels
7.3.1 UPM Biofuels Company Information
7.3.2 UPM Biofuels Business Overview
7.3.3 UPM Biofuels Hydrotreated Vegetable Oil (HVO) Sales, Revenue and Gross Margin (2020-2025)
7.3.4 UPM Biofuels Hydrotreated Vegetable Oil (HVO) Products Offered
7.3.5 UPM Biofuels Recent Development
7.4 Renewable Energy Group
7.4.1 Renewable Energy Group Company Information
7.4.2 Renewable Energy Group Business Overview
7.4.3 Renewable Energy Group Hydrotreated Vegetable Oil (HVO) Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Renewable Energy Group Hydrotreated Vegetable Oil (HVO) Products Offered
7.4.5 Renewable Energy Group Recent Development
7.5 Eni
7.5.1 Eni Company Information
7.5.2 Eni Business Overview
7.5.3 Eni Hydrotreated Vegetable Oil (HVO) Sales, Revenue and Gross Margin (2020-2025)
7.5.4 Eni Hydrotreated Vegetable Oil (HVO) Products Offered
7.5.5 Eni Recent Development
7.6 World Energy
7.6.1 World Energy Company Information
7.6.2 World Energy Business Overview
7.6.3 World Energy Hydrotreated Vegetable Oil (HVO) Sales, Revenue and Gross Margin (2020-2025)
7.6.4 World Energy Hydrotreated Vegetable Oil (HVO) Products Offered
7.6.5 World Energy Recent Development
7.7 TotalEnergies
7.7.1 TotalEnergies Company Information
7.7.2 TotalEnergies Business Overview
7.7.3 TotalEnergies Hydrotreated Vegetable Oil (HVO) Sales, Revenue and Gross Margin (2020-2025)
7.7.4 TotalEnergies Hydrotreated Vegetable Oil (HVO) Products Offered
7.7.5 TotalEnergies Recent Development
7.8 Preem
7.8.1 Preem Company Information
7.8.2 Preem Business Overview
7.8.3 Preem Hydrotreated Vegetable Oil (HVO) Sales, Revenue and Gross Margin (2020-2025)
7.8.4 Preem Hydrotreated Vegetable Oil (HVO) Products Offered
7.8.5 Preem Recent Development
7.9 Repsol
7.9.1 Repsol Company Information
7.9.2 Repsol Business Overview
7.9.3 Repsol Hydrotreated Vegetable Oil (HVO) Sales, Revenue and Gross Margin (2020-2025)
7.9.4 Repsol Hydrotreated Vegetable Oil (HVO) Products Offered
7.9.5 Repsol Recent Development
7.10 Cepsa
7.10.1 Cepsa Company Information
7.10.2 Cepsa Business Overview
7.10.3 Cepsa Hydrotreated Vegetable Oil (HVO) Sales, Revenue and Gross Margin (2020-2025)
7.10.4 Cepsa Hydrotreated Vegetable Oil (HVO) Products Offered
7.10.5 Cepsa Recent Development
7.11 NextChem(Maire Tecnimont)
7.11.1 NextChem(Maire Tecnimont) Company Information
7.11.2 NextChem(Maire Tecnimont) Business Overview
7.11.3 NextChem(Maire Tecnimont) Hydrotreated Vegetable Oil (HVO) Sales, Revenue and Gross Margin (2020-2025)
7.11.4 NextChem(Maire Tecnimont) Hydrotreated Vegetable Oil (HVO) Products Offered
7.11.5 NextChem(Maire Tecnimont) Recent Development
7.12 Axens
7.12.1 Axens Company Information
7.12.2 Axens Business Overview
7.12.3 Axens Hydrotreated Vegetable Oil (HVO) Sales, Revenue and Gross Margin (2020-2025)
7.12.4 Axens Hydrotreated Vegetable Oil (HVO) Products Offered
7.12.5 Axens Recent Development
7.13 BP
7.13.1 BP Company Information
7.13.2 BP Business Overview
7.13.3 BP Hydrotreated Vegetable Oil (HVO) Sales, Revenue and Gross Margin (2020-2025)
7.13.4 BP Hydrotreated Vegetable Oil (HVO) Products Offered
7.13.5 BP Recent Development
7.14 Certas Energy
7.14.1 Certas Energy Company Information
7.14.2 Certas Energy Business Overview
7.14.3 Certas Energy Hydrotreated Vegetable Oil (HVO) Sales, Revenue and Gross Margin (2020-2025)
7.14.4 Certas Energy Hydrotreated Vegetable Oil (HVO) Products Offered
7.14.5 Certas Energy Recent Development
8 Hydrotreated Vegetable Oil (HVO) Manufacturing Cost Analysis
8.1 Hydrotreated Vegetable Oil (HVO) Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Hydrotreated Vegetable Oil (HVO)
8.4 Hydrotreated Vegetable Oil (HVO) Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Hydrotreated Vegetable Oil (HVO) Distributors List
9.3 Hydrotreated Vegetable Oil (HVO) Customers
10 Hydrotreated Vegetable Oil (HVO) Market Dynamics
10.1 Hydrotreated Vegetable Oil (HVO) Industry Trends
10.2 Hydrotreated Vegetable Oil (HVO) Market Drivers
10.3 Hydrotreated Vegetable Oil (HVO) Market Challenges
10.4 Hydrotreated Vegetable Oil (HVO) Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
WHY THIS REPORT
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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