About Renewable-Diesel
Renewable diesel, like biodiesel, is made from non-petroleum, renewable resources. These resources, unlike biodiesel, include lipids and cellulosic biomass, such as crop residues, woody biomass, and dedicated energy crops. Renewable diesel is chemically similar to petroleum diesel because it is processed using hydrogenation or other thermochemical and biochemical methods. The renewable diesel market has a very promising future as the demand for more sustainable fuel options grows rapidly. Rising concerns about greenhouse gas emissions have resulted in the implementation of a number of environmental regulations around the world. Due to the presence of a wide range of benefits, such regulations are leading to the introduction of various programmes supporting the consumption of renewable diesel, which is expected to contribute to the massive demand.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 19.12% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Renewable-Diesel market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Marathon Petroleum Corporation (united States), Ramos Oil Company (United States), Shell (United States), Biofuel Express (Sweden), Myecoenergy (India), Shipley Energy (United States), LanzaTech (United States), AltAir Fuels (United States), Sapphire Energy (United States) and Dynamic Fuels (Canada) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Gevo (United States), Neste (Finland), Terrabon (United States) and Nextchem (Italy).
Segmentation Overview
AMA Research has segmented the market of Global Renewable-Diesel market by , Application (Fuel, Power Generation and Others) and Region.
On the basis of geography, the market of Renewable-Diesel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material , the sub-segment i.e. Rendered Tallow will boost the Renewable-Diesel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Automotive will boost the Renewable-Diesel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing R&D Spending In Energy Sector and Upsurge in Energy Consumption
Market Growth Drivers:
Growing Demand For Environmentally-Friendly Fuels and Availability Of Waste Oils
Challenges:
Difficulties Associated with the Quality Control of Renewable Diesel and Lack of Availability of Feedstocks
Restraints:
Increasing R&D Spending In Energy Sector and Upsurge in Energy Consumption
Opportunities:
Upsurge In Energy Consumption And Rising Usage Of Biomass-Based Diesel and Rising Demand For Renewable Diesel In Develop Regions Such As Americas And Asia
Market Leaders and their expansionary development strategies
In March 2022, Valero and Darling Ingredients announce joint venture for RD production. This deal aimed to create one of the largest RD producers in North America, combining Valero's refining expertise with Darling's feedstock processing capabilities.
In February 2023, Chevron unveils renewable jet fuel made from municipal solid waste. This demonstration project showcased the potential for using unconventional feedstocks for RD production.
Key Target Audience
Renewable Diesel, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.