Exploring Europe Hydrotreated Vegetable Oil Market Opportunity, Latest Trends, Demand, and Development By 2030| MarkNtel

Europe Hydrotreated Vegetable Oil Market Overview: 2024-2030

Base Year: 2023

Historical Years: 2019-22

Forecast Years: 2024-30

The Europe Hydrotreated Vegetable Oil Market is estimated to grow at a CAGR of around 13.2% during the forecast period, i.e., 2024-30. The factors attributing to the growth in the demand for the HVO are the increasing adoption of these fuel types in several sectors like transportation, aviation & others and rising government initiatives intending to encourage the adoption of sustainable fuels rather than conventional diesel & petrol.

Markntel Advisor’s Europe Hydrotreated Vegetable Oil Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Europe Hydrotreated Vegetable Oil Market drivers, barriers, Europe Hydrotreated Vegetable Oil Market Trends, and Key Players in Europe Hydrotreated Vegetable Oil Market.

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Europe Hydrotreated Vegetable Oil Market Dynamics: 2024-2030

Europe Hydrotreated Vegetable Oil Market Driver:

Increasing Demand for HVO as a Transportation Fuel Amplifying Market Growth – Over the years, carbon emissions in European countries like the UK, Italy, France, etc., have substantially increased due to the rapid industrialization and soaring usage of passenger cars & commercial vehicles. According to European Statistics, in Q4 2022, the carbon emissions were around 938 million tons, an upsurge of about 10% compared to Q3 2022. These emissions resulted in climate changes & numerous health hazards.

As a result, the governments of countries like Italy, France, Spain, and others laid down initiatives including National Climate Change, Net Zero 2050, etc. Europe's commitment to addressing climate change & lowering greenhouse gas emissions has increased demand for renewable diesel fuels, driving the Europe HVO Market.

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Europe Hydrotreated Vegetable Oil Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

·       Type

o   Pure HVO-Market Size & Forecast 2019-2030, Thousand Tons

o   Co-processed HVO-Market Size & Forecast 2019-2030, Thousand Tons

According to report, The pure segment accounts for the prominent share in the Europe HVO Market owing to the increasing inclination of the end-users towards pure HVO.

·       By Feedstock

o   Rapeseed-Market Size & Forecast 2019-2030, Thousand Tons

o   Sunflower-Market Size & Forecast 2019-2030, Thousand Tons

o   Soybean-Market Size & Forecast 2019-2030, Thousand Tons

o   Palm-Market Size & Forecast 2019-2030, Thousand Tons

o   Others (Jatropha, Coconut Oil, etc.)- Market Size & Forecast 2019-2030, Thousand Tons

·       By Application

o   Transportation- Market Size & Forecast 2019-2030, Thousand Tons

§  Road Transport

§  Aviation

§  Others (Agricultural, Railways etc.)

o   Power Generation - Market Size & Forecast 2019-2030, Thousand Tons

By Country

·       Germany

·       The UK

·       France

·       Italy

·       Spain

·       Sweden

·       The Netherlands

·       Finland

·       Rest of Europe

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Europe Hydrotreated Vegetable Oil Market:

• Repsol
• Neste
• Eni
• Cepsa
• Preem AB
• TotalEnergies
• Green Biofuels Limited
• Valero
• Shell
• Watson Fuels

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