The Europe Hydrotreated Vegetable Oil Market size is estimated to grow at a CAGR of around 13.2% during the forecast period, i.e., 2024-30. According to MarkNtel Advisors Study.
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.
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.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Europe Hydrotreated Vegetable Oil Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Type
- Pure HVO-Market Size & Forecast 2019-2030, Thousand Tons
- Co-processed HVO-Market Size & Forecast 2019-2030, Thousand Tons
- By Feedstock
- Rapeseed-Market Size & Forecast 2019-2030, Thousand Tons
- Sunflower-Market Size & Forecast 2019-2030, Thousand Tons
- Soybean-Market Size & Forecast 2019-2030, Thousand Tons
- Palm-Market Size & Forecast 2019-2030, Thousand Tons
- Others (Jatropha, Coconut Oil, etc.)- Market Size & Forecast 2019-2030, Thousand Tons
- By Application
- Transportation- Market Size & Forecast 2019-2030, Thousand Tons
- Road Transport
- Aviation
- Others (Agricultural, Railways etc.)
- Power Generation – Market Size & Forecast 2019-2030, Thousand Tons
- Transportation- Market Size & Forecast 2019-2030, Thousand Tons
- By Country
- Germany
- The UK
- France
- Italy
- Spain
- Sweden
- The Netherlands
- Finland
- Rest of Europe
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Repsol, Neste, Eni, Cepsa, Preem AB, TotalEnergies, Green Biofuels Limited, Valero, Shell, Watson Fuels, Others looking forward to strengthening their market positions.
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