The global green diesel market size was valued at $30.7 billion in 2022, and is projected to reach $92.3 billion by 2032, registering a CAGR of 11.7% from 2023 to 2032.
Green diesel a biomass-derived fuel, which is suitable for use in diesel engines. It be produced from various biomass sources such as lipids (such as vegetable oils, animal fats, greases, and algae) and cellulosic material (such as crop residues, woody biomass, and dedicated energy crops) by hydrotreating, gasification, pyrolysis, and other biochemical and thermochemical technologies.
Notable surge in regulatory support and policies worldwide, emphasizing the reduction of carbon emissions and promoting renewable energy sources. Government mandates, such as blending requirements, tax incentives, and carbon intensity reduction targets, drive the demand for green diesel and biodiesel blends. These regulations create a conducive environment for market expansion and encourage investments in renewable fuel technologies. Secondly, technological advancements play a crucial role in enhancing the efficiency and viability of green diesel production. Innovations in refining processes, catalyst developments, and feedstock diversification enable higher yields, improved quality, and broader feedstock utilization, ensuring a more sustainable and scalable production of green diesel.
Moreover, increasing consumer awareness and environmental consciousness drive the demand for eco-friendly fuel alternatives. Consumer preferences for lower-carbon footprint fuels, along with corporate sustainability initiatives, push for the adoption of green diesel and biodiesel blends, influencing market growth and encouraging further innovation in renewable fuel sectors. In addition, strategic collaborations and investments in research and development initiatives foster innovation, scalability, and cost-effectiveness in green diesel production, contributing to its prominence as a sustainable and viable alternative to conventional diesel. These trends collectively shape the trajectory of the green diesel market toward a more sustainable and environmentally conscious energy landscape.
The green diesel market is segmented on the basis of type, production technology, raw material, application, and region. On the basis of type, it is bifurcated into pure form and blended form. On the basis of production technology, it is divided into pyrolysis, gasification, and others. On the basis of raw materials, it is classified into vegetable oils, animal fats, and others. On the basis of application, it is classified into fuel, power generation, and others Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The report outlines growing drivers, restraints, and opportunities to better understand market dynamics. This report further highlights key areas of investment. In addition, it includes analysis of Porter’s five forces to understand the application competitive scenario and role of each stakeholder.
The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain intense competition in the application. Neste Corporation, Chevron Corporation, Valero Energy Corporation, Phillips 66, Eni S.p.A., Honeywell International Inc., Marathon Petroleum Corporation, TotalEnergies SE, Cargill Incorporated, and Exxon Mobil Corporation are some of the major players discussed in the report. The report explains drivers, restraints, and opportunities are explained in the report. Further, key strategies adopted by potential market leaders to facilitate effective planning have been discussed under the scope of the report.
Green diesel a biomass-derived fuel, which is suitable for use in diesel engines. It be produced from various biomass sources such as lipids (such as vegetable oils, animal fats, greases, and algae) and cellulosic material (such as crop residues, woody biomass, and dedicated energy crops) by hydrotreating, gasification, pyrolysis, and other biochemical and thermochemical technologies.
Notable surge in regulatory support and policies worldwide, emphasizing the reduction of carbon emissions and promoting renewable energy sources. Government mandates, such as blending requirements, tax incentives, and carbon intensity reduction targets, drive the demand for green diesel and biodiesel blends. These regulations create a conducive environment for market expansion and encourage investments in renewable fuel technologies. Secondly, technological advancements play a crucial role in enhancing the efficiency and viability of green diesel production. Innovations in refining processes, catalyst developments, and feedstock diversification enable higher yields, improved quality, and broader feedstock utilization, ensuring a more sustainable and scalable production of green diesel.
Moreover, increasing consumer awareness and environmental consciousness drive the demand for eco-friendly fuel alternatives. Consumer preferences for lower-carbon footprint fuels, along with corporate sustainability initiatives, push for the adoption of green diesel and biodiesel blends, influencing market growth and encouraging further innovation in renewable fuel sectors. In addition, strategic collaborations and investments in research and development initiatives foster innovation, scalability, and cost-effectiveness in green diesel production, contributing to its prominence as a sustainable and viable alternative to conventional diesel. These trends collectively shape the trajectory of the green diesel market toward a more sustainable and environmentally conscious energy landscape.
The green diesel market is segmented on the basis of type, production technology, raw material, application, and region. On the basis of type, it is bifurcated into pure form and blended form. On the basis of production technology, it is divided into pyrolysis, gasification, and others. On the basis of raw materials, it is classified into vegetable oils, animal fats, and others. On the basis of application, it is classified into fuel, power generation, and others Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The report outlines growing drivers, restraints, and opportunities to better understand market dynamics. This report further highlights key areas of investment. In addition, it includes analysis of Porter’s five forces to understand the application competitive scenario and role of each stakeholder.
The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain intense competition in the application. Neste Corporation, Chevron Corporation, Valero Energy Corporation, Phillips 66, Eni S.p.A., Honeywell International Inc., Marathon Petroleum Corporation, TotalEnergies SE, Cargill Incorporated, and Exxon Mobil Corporation are some of the major players discussed in the report. The report explains drivers, restraints, and opportunities are explained in the report. Further, key strategies adopted by potential market leaders to facilitate effective planning have been discussed under the scope of the report.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the green diesel market analysis from 2022 to 2032 to identify the prevailing green diesel market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the green diesel market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global green diesel market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Raw Material
- Vegetable Oils
- Animal Fats
- Others
By Application
- Fuel
- Power Generation
- Others
By Type
- Pure Form
- Blended Form
By Production Technology
- Gasification
- Pyrolysis
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Neste Corporation (Finland)
- Chevron Corporation
- Valero Energy Corporation.
- Phillips 66 Company
- Eni S.p.A.
- Honeywell International Inc.
- Marathon Petroleum Corporation
- TotalEnergies
- Cargill Incorporated
- Exxon Mobil Corporation
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: GREEN DIESEL MARKET, BY TYPE
CHAPTER 5: GREEN DIESEL MARKET, BY PRODUCTION TECHNOLOGY
CHAPTER 6: GREEN DIESEL MARKET, BY RAW MATERIAL
CHAPTER 7: GREEN DIESEL MARKET, BY APPLICATION
CHAPTER 8: GREEN DIESEL MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Neste Corporation (Finland)
- Chevron Corporation
- Valero Energy Corporation.
- Phillips 66 Company
- Eni S.p.A.
- Honeywell International Inc.
- Marathon Petroleum Corporation
- TotalEnergies
- Cargill Incorporated
- Exxon Mobil Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | January 2024 |
| Forecast Period | 2022 - 2032 |
| Estimated Market Value ( USD | $ 30.7 billion |
| Forecasted Market Value ( USD | $ 92.3 billion |
| Compound Annual Growth Rate | 11.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
