Renewable Diesel Market Global Forecasts 2024 - 2034.
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Description The Worldwide Renewable Diesel Sector is witnessing swift expansion fueled by the rising need for eco-friendly and sustainable fuel options. Renewable diesel, chemically akin to traditional diesel, is crafted from a variety of feedstocks including vegetable oils, animal fats, used cooking oils, and other refuse materials. In contrast to biodiesel, it can be utilized directly in current diesel engines and fuel infrastructure without any alterations, rendering it a remarkably adaptable fuel source for lowering greenhouse gas emissions.
Market Statistics: Report Attributes
Description
Market Size in 2024
USD 3.92 Billion
Market Forecast in 2034
USD 12.76 Billion
CAGR % 2024-2034
16.8%
Base Year
2023
Historic Data
2019-2023
Forecast Period
2024-2034
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Market Segments: Renewable Diesel Market Feedstock Outlook
Renewable Diesel Market Certification Standards Outlook
Soybean Oil
Renewable Fuel Standard (RFS)
Palm Oil
International Sustainability and Carb
Animal Fats
on Certification (ISCC)
Vegetable Oils
Low Carbon Fuel Standard (LCFS)
Used Cooking Oil
European Union Renewable Energy Directive (EU RED)
Renewable Diesel Market Production Process Outlook
Renewable Diesel Market Regional Outlook
Hydrotreated Vegetable Oil (HVO)
North America
Ethanol-to-Diesel (ETD)
Europe
Gasification-to-Liquids (GTL)
South America
Microwave-assisted Processing
Asia Pacific Middle East and Africa
Key Players: Neste Corporation Renewable Energy Group, Inc. (REG) Diamond Green Diesel LLC Marathon Petroleum Corporation Phillips 66 Company TotalEnergies Preem AB Eni S.p.A. Shell Plc World Energy, LLC BP (British Petroleum)
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