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市場調查報告書
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1965385

氫化植物油市場－全球產業規模、佔有率、趨勢、機會與預測：按原料、最終用途、地區和競爭格局分類，2021-2031年

Hydrotreated Vegetable Oil Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Feedstock, By End User, By Region & Competition, 2021-2031F
出版日期: | 出版商: TechSci Research | 英文 180 Pages | 商品交期: 2-3個工作天內

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簡介目錄

全球氫化植物油市場預計將從 2025 年的 146.1 億美元成長到 2031 年的 193.2 億美元，複合年成長率為 4.77%。

氫化植物油 (HVO) 是一種石蠟基可再生燃料，透過氫化植物油和動物脂肪製成。由於其與現有柴油基礎設施和引擎具有卓越的兼容性（可直接替代），因此相比傳統生物柴油具有明顯的優勢。推動這項市場發展的主要動力是各國政府嚴格的脫碳政策，例如歐盟的《可再生能源指令》，這些政策強制要求重型運輸業減少溫室排放。此外，HVO 具有優異的儲存穩定性和良好的低溫流動性，其操作柔軟性使其成為物流車隊即時碳排放強度的優質永續選擇。

市場概覽
預測期 2027-2031
市場規模：2025年 146.1億美元
市場規模：2031年 193.2億美元
複合年成長率：2026-2031年 4.77%
成長最快的細分市場 用過的食用油
最大的市場 亞太地區

然而，我們面臨著許多挑戰，包括永續原料的高波動性和有限供應。隨著航空業對廢油和殘渣的競爭日益激烈，這種情況更加惡化。原料短缺可能會阻礙生產規模的擴大，而加工能力卻不斷提升。根據國際能源總署（IEA）的數據，到2025年，全球永續航空燃料和可再生柴油的產能預計將增加40%，達到每日總合萬桶。

市場促進因素

重型運輸業的脫碳正在對市場產生重大影響，並成為氫化植物油（HVO）廣泛應用的重要催化劑。隨著工業車輛和物流公司面臨降低碳排放強度的壓力，HVO成為關鍵解決方案，因為它與化石柴油的化學性質相似，無需對引擎進行昂貴的改造即可即時使用。聯邦政府的獎勵和低碳燃料計畫進一步推動了這項轉型，促進了HVO在道路運輸的廣泛應用。例如，美國能源資訊署（EIA）2024年12月發布的《短期能源展望》預測，到2025年，美國可再生柴油的日均消費量將達到25萬桶，這就體現了這項需求的規模。

同時，對永續航空燃料（SAF）日益成長的需求正在改變生產結構，並推動對兩用設施的投資。由於氫化植物油（HVO）和SAF需要類似的加氫技術和原料，航空業為減少排放所做的積極努力促使煉油廠迅速擴建設施，以靈活生產這兩種燃料。根據國際航空運輸協會（IATA）2024年12月發布的SAF產量預測，預計2024年全球SAF產量將達到100萬噸，比上年翻倍。為了支持這項基礎設施擴張，西班牙石油天然氣公司（CEPSA）於2024年2月宣布，將在西班牙啟動一座耗資12億歐元的新一代生質燃料工廠的建設。

市場挑戰

永續原料成本的稀缺性和高波動性是限制全球氫化植物油 (HVO) 市場擴張的主要瓶頸。隨著生產商為履行脫碳義務而擴大生產規模，他們面臨動物脂肪、廢油和殘渣等關鍵原料的嚴重短缺。航空業對永續航空燃料 (SAF) 生產的需求不斷成長，加劇了這一短缺。因此，HVO 生產商面臨著不可預測的營運成本和不斷縮水的利潤率，這削弱了投資者的信心，並阻礙了其作為物流車隊具有成本競爭力的替代燃料的普及。儘管需求不斷成長，但生產規模卻停滯不前。

根據歐洲生質柴油協會的數據，到2024年，廢棄物衍生原料將佔該地區生物柴油和氫化植物油總產量的55%，首次超過農作物衍生原料。這項數據凸顯了該產業對競爭日益激烈的廢棄物資源的依賴程度不斷提高。在對這些有限資源的激烈競爭中，供應鏈僵化推高了價格，並限制了市場維持全球普及所需穩定產量的能力。

市場趨勢

隨著生產商尋求規避原料價格波動風險，原料供應鏈垂直整合的趨勢正在加速發展。市場領導者不再依賴第三方回收商處理殘渣和廢油，而是積極收購上游回收網路，以確保原料的穩定供應。這種結構性轉變使企業能夠在整個價值鏈上實現利潤最大化，並在稀缺的廢棄物資源進入市場之前將其納入囊中。例如，根據《生物基柴油日報》（BioBased Diesel Daily）2024年12月報道，環保產品公司STX集團收購了廢棄物原料貿易商Marine Olie，並在阿姆斯特丹-鹿特丹-安特衛普地區建立了一個完全整合的採購平台。

同時，透過維修石化燃料煉油廠來提高共加工能力，正成為比新建煉油廠更具成本效益的替代方案。透過改造現有的加氫裂解裝置，使其能夠同時加工可再生脂質和石油餾分，大型石油公司可以在不放棄現有基礎設施的情況下，迅速將低碳燃料納入其供應結構。這種方法既能利用現有的物流網路，滿足最新的監管混合要求，又能最大限度地減少資本支出。例如，BP美國公司在2024年5月報告稱，其位於切裡角（Cherry Point）的煉油廠已成功擴大產能，透過利用現有設施並將生質能衍生原料與傳統原油混合，實現了每日超過7000桶可再生柴油的共加工能力。

目錄

第1章概述

第2章：調查方法

第3章執行摘要

第4章：客戶心聲

第5章：氫化植物油全球市場展望

  • 市場規模及預測
    • 按金額
  • 市佔率及預測
    • 依原料分類（食用植物油、粗製棕櫚油、廢棄食用油、妥爾油、動物油脂、其他）
    • 依最終用戶（交通、農業、工業、其他）分類
    • 按地區
    • 按公司（2025 年）
  • 市場地圖

第6章：北美氫化植物油市場展望

  • 市場規模及預測
  • 市佔率及預測
  • 北美洲：國別分析
    • 美國
    • 加拿大
    • 墨西哥

第7章：歐洲氫化植物油市場展望

  • 市場規模及預測
  • 市佔率及預測
  • 歐洲：國別分析
    • 德國
    • 法國
    • 英國
    • 義大利
    • 西班牙

第8章：亞太地區氫化植物油市場展望

  • 市場規模及預測
  • 市佔率及預測
  • 亞太地區：國別分析
    • 中國
    • 印度
    • 日本
    • 韓國
    • 澳洲

第9章：中東和非洲氫化植物油市場展望

  • 市場規模及預測
  • 市佔率及預測
  • 中東與非洲：國別分析
    • 沙烏地阿拉伯
    • 阿拉伯聯合大公國
    • 南非

第10章：南美洲氫化植物油市場展望

  • 市場規模及預測
  • 市佔率及預測
  • 南美洲：國別分析
    • 巴西
    • 哥倫比亞
    • 阿根廷

第11章 市場動態

  • 促進因素
  • 任務

第12章 市場趨勢與發展

  • 併購
  • 產品發布
  • 近期趨勢

第13章 全球氫化植物油市場：SWOT分析

第14章：波特五力分析

  • 產業競爭
  • 新進入者的潛力
  • 供應商的議價能力
  • 顧客權力
  • 替代品的威脅

第15章 競爭格局

  • Eni SpA
  • St1 Nordic Oy
  • Neste Oyj
  • Valero Energy Corporation
  • PT Pertamina
  • Repsol SA
  • TotalEnergies SE
  • UPM-Kymmene Corporation
  • Renewable Energy Group, Inc.
  • Green Biofuels Limited

第16章 策略建議

第17章：關於研究公司及免責聲明

簡介目錄
Product Code: 23838

The Global Hydrotreated Vegetable Oil Market is projected to expand from USD 14.61 Billion in 2025 to USD 19.32 Billion by 2031, achieving a CAGR of 4.77%. Hydrotreated Vegetable Oil (HVO) is a paraffinic renewable fuel created through the hydroprocessing of vegetable oils and animal fats, offering a distinct advantage over traditional biodiesel due to its drop-in compatibility with current diesel infrastructure and engines. The market is chiefly driven by strict government decarbonization mandates, such as the European Union's Renewable Energy Directive, which enforce greenhouse gas emission reductions in the heavy transport sector. Additionally, the operational flexibility of HVO, characterized by excellent storage stability and superior cold-flow properties, promotes its adoption as a premium sustainable option for logistics fleets requiring immediate reductions in carbon intensity.

Market Overview
Forecast Period2027-2031
Market Size 2025USD 14.61 Billion
Market Size 2031USD 19.32 Billion
CAGR 2026-20314.77%
Fastest Growing SegmentUsed Cooking Oil
Largest MarketAsia Pacific

However, the market faces a substantial obstacle regarding the high volatility and limited availability of sustainable feedstock costs, a situation worsened as the aviation sector increasingly competes for residues and waste oils. This scarcity threatens to restrict production scalability even as processing capacity grows. According to the International Energy Agency, global production capacity for sustainable aviation fuel and renewable diesel is expected to rise by 40% in 2025, reaching a total of 800,000 barrels per day.

Market Driver

The Decarbonization of the Heavy-Duty Transportation Sector is significantly influencing the market, acting as a major catalyst for the uptake of hydrotreated vegetable oil (HVO). As industrial fleets and logistics companies encounter mounting pressure to lower their carbon intensity, HVO has become a critical solution due to its chemical resemblance to fossil diesel, allowing for immediate application without costly engine modifications. This transition is further supported by federal incentives and low-carbon fuel programs that encourage high-volume usage in road transport. To illustrate the scale of this demand, the U.S. Energy Information Administration's 'Short-Term Energy Outlook' from December 2024 forecasts that renewable diesel consumption in the United States will average 250,000 barrels per day in 2025.

concurrently, the Rising Demand for Sustainable Aviation Fuel (SAF) is transforming production dynamics and prompting investments in dual-purpose facilities. Since HVO and SAF frequently rely on similar hydroprocessing technologies and feedstocks, the aviation industry's aggressive pursuit of emission reductions is driving refiners to rapidly build capacity capable of flexibly producing both fuels. According to the International Air Transport Association's 'SAF Production Estimates' from December 2024, global SAF production volumes hit 1 million tonnes in 2024, doubling the previous year's total. To support this infrastructure growth, Cepsa announced in February 2024 the initiation of a new second-generation biofuels plant in Spain with a €1.2 billion investment.

Market Challenge

The scarcity and high volatility of sustainable feedstock costs constitute a critical bottleneck impeding the expansion of the Global Hydrotreated Vegetable Oil Market. As producers strive to scale operations to satisfy decarbonization mandates, they face a severe shortage of essential raw materials, specifically animal fats, waste oils, and residues. This deficit is exacerbated by the aviation sector, which is increasingly securing these same finite resources for Sustainable Aviation Fuel production. Consequently, HVO manufacturers deal with unpredictable operating expenses and shrinking profit margins, which undermines investor confidence and prevents the fuel from becoming a cost-competitive alternative for logistics fleets, ultimately stalling production scalability despite rising demand.

According to the European Biodiesel Board, the share of waste-based feedstocks in the region's total biodiesel and HVO production mix reached 55% in 2024, surpassing crop-based inputs for the first time. This statistic underscores the industry's growing reliance on residue streams that are becoming increasingly contested. As competition for these limited resources intensifies, supply chain rigidity forces prices upward, thereby restricting the market's ability to sustain the consistent output levels necessary for widespread global adoption.

Market Trends

The Emergence of Vertical Integration in Feedstock Supply Chains is gaining momentum as producers aim to insulate themselves from raw material price volatility. Instead of relying on third-party aggregators for residues and waste oils, market leaders are increasingly acquiring upstream collection networks to guarantee a stable input flow. This structural shift enables companies to capture margins across the entire value chain and secure scarce waste resources before they reach the open market. Exemplifying this strategy, Biobased Diesel Daily reported in December 2024 that the environmental commodities firm STX Group acquired the waste-based feedstock trader Marine Olie to establish a fully integrated sourcing platform across the Amsterdam-Rotterdam-Antwerp region.

Simultaneously, the Retrofitting of Fossil Fuel Refineries for Co-Processing Capacity is emerging as a cost-efficient alternative to constructing greenfield facilities. By modifying existing hydrocrackers to process renewable lipids alongside petroleum distillates, major oil companies can rapidly introduce lower-carbon fuels into the supply mix without abandoning legacy infrastructure. This approach utilizes established logistics and minimizes capital expenditure while meeting immediate regulatory blending obligations. Highlighting the scale of this transition, BP America reported in May 2024 that its Cherry Point refinery successfully expanded its capabilities to co-process over 7,000 barrels of renewable diesel per day by utilizing existing units to blend biomass-based feedstocks with conventional crude oil.

Key Market Players

  • Eni S.p.A.
  • St1 Nordic Oy
  • Neste Oyj
  • Valero Energy Corporation
  • PT Pertamina
  • Repsol SA
  • TotalEnergies SE
  • UPM-Kymmene Corporation
  • Renewable Energy Group, Inc.
  • Green Biofuels Limited

Report Scope

In this report, the Global Hydrotreated Vegetable Oil Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Hydrotreated Vegetable Oil Market, By Feedstock

  • Edible Vegetable Oils
  • Crude Palm Oil
  • Used Cooking Oil
  • Tall Oil
  • Animal Fats
  • Others

Hydrotreated Vegetable Oil Market, By End User

  • Transportation
  • Agriculture
  • Industrial
  • Others

Hydrotreated Vegetable Oil Market, By Region

  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • France
    • United Kingdom
    • Italy
    • Germany
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • South America
    • Brazil
    • Argentina
    • Colombia
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Hydrotreated Vegetable Oil Market.

Available Customizations:

Global Hydrotreated Vegetable Oil Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

  • 1.1. Market Definition
  • 1.2. Scope of the Market
    • 1.2.1. Markets Covered
    • 1.2.2. Years Considered for Study
    • 1.2.3. Key Market Segmentations

2. Research Methodology

  • 2.1. Objective of the Study
  • 2.2. Baseline Methodology
  • 2.3. Key Industry Partners
  • 2.4. Major Association and Secondary Sources
  • 2.5. Forecasting Methodology
  • 2.6. Data Triangulation & Validation
  • 2.7. Assumptions and Limitations

3. Executive Summary

  • 3.1. Overview of the Market
  • 3.2. Overview of Key Market Segmentations
  • 3.3. Overview of Key Market Players
  • 3.4. Overview of Key Regions/Countries
  • 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Hydrotreated Vegetable Oil Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share & Forecast
    • 5.2.1. By Feedstock (Edible Vegetable Oils, Crude Palm Oil, Used Cooking Oil, Tall Oil, Animal Fats, Others)
    • 5.2.2. By End User (Transportation, Agriculture, Industrial, Others)
    • 5.2.3. By Region
    • 5.2.4. By Company (2025)
  • 5.3. Market Map

6. North America Hydrotreated Vegetable Oil Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By Feedstock
    • 6.2.2. By End User
    • 6.2.3. By Country
  • 6.3. North America: Country Analysis
    • 6.3.1. United States Hydrotreated Vegetable Oil Market Outlook
      • 6.3.1.1. Market Size & Forecast
        • 6.3.1.1.1. By Value
      • 6.3.1.2. Market Share & Forecast
        • 6.3.1.2.1. By Feedstock
        • 6.3.1.2.2. By End User
    • 6.3.2. Canada Hydrotreated Vegetable Oil Market Outlook
      • 6.3.2.1. Market Size & Forecast
        • 6.3.2.1.1. By Value
      • 6.3.2.2. Market Share & Forecast
        • 6.3.2.2.1. By Feedstock
        • 6.3.2.2.2. By End User
    • 6.3.3. Mexico Hydrotreated Vegetable Oil Market Outlook
      • 6.3.3.1. Market Size & Forecast
        • 6.3.3.1.1. By Value
      • 6.3.3.2. Market Share & Forecast
        • 6.3.3.2.1. By Feedstock
        • 6.3.3.2.2. By End User

7. Europe Hydrotreated Vegetable Oil Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
  • 7.2. Market Share & Forecast
    • 7.2.1. By Feedstock
    • 7.2.2. By End User
    • 7.2.3. By Country
  • 7.3. Europe: Country Analysis
    • 7.3.1. Germany Hydrotreated Vegetable Oil Market Outlook
      • 7.3.1.1. Market Size & Forecast
        • 7.3.1.1.1. By Value
      • 7.3.1.2. Market Share & Forecast
        • 7.3.1.2.1. By Feedstock
        • 7.3.1.2.2. By End User
    • 7.3.2. France Hydrotreated Vegetable Oil Market Outlook
      • 7.3.2.1. Market Size & Forecast
        • 7.3.2.1.1. By Value
      • 7.3.2.2. Market Share & Forecast
        • 7.3.2.2.1. By Feedstock
        • 7.3.2.2.2. By End User
    • 7.3.3. United Kingdom Hydrotreated Vegetable Oil Market Outlook
      • 7.3.3.1. Market Size & Forecast
        • 7.3.3.1.1. By Value
      • 7.3.3.2. Market Share & Forecast
        • 7.3.3.2.1. By Feedstock
        • 7.3.3.2.2. By End User
    • 7.3.4. Italy Hydrotreated Vegetable Oil Market Outlook
      • 7.3.4.1. Market Size & Forecast
        • 7.3.4.1.1. By Value
      • 7.3.4.2. Market Share & Forecast
        • 7.3.4.2.1. By Feedstock
        • 7.3.4.2.2. By End User
    • 7.3.5. Spain Hydrotreated Vegetable Oil Market Outlook
      • 7.3.5.1. Market Size & Forecast
        • 7.3.5.1.1. By Value
      • 7.3.5.2. Market Share & Forecast
        • 7.3.5.2.1. By Feedstock
        • 7.3.5.2.2. By End User

8. Asia Pacific Hydrotreated Vegetable Oil Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
  • 8.2. Market Share & Forecast
    • 8.2.1. By Feedstock
    • 8.2.2. By End User
    • 8.2.3. By Country
  • 8.3. Asia Pacific: Country Analysis
    • 8.3.1. China Hydrotreated Vegetable Oil Market Outlook
      • 8.3.1.1. Market Size & Forecast
        • 8.3.1.1.1. By Value
      • 8.3.1.2. Market Share & Forecast
        • 8.3.1.2.1. By Feedstock
        • 8.3.1.2.2. By End User
    • 8.3.2. India Hydrotreated Vegetable Oil Market Outlook
      • 8.3.2.1. Market Size & Forecast
        • 8.3.2.1.1. By Value
      • 8.3.2.2. Market Share & Forecast
        • 8.3.2.2.1. By Feedstock
        • 8.3.2.2.2. By End User
    • 8.3.3. Japan Hydrotreated Vegetable Oil Market Outlook
      • 8.3.3.1. Market Size & Forecast
        • 8.3.3.1.1. By Value
      • 8.3.3.2. Market Share & Forecast
        • 8.3.3.2.1. By Feedstock
        • 8.3.3.2.2. By End User
    • 8.3.4. South Korea Hydrotreated Vegetable Oil Market Outlook
      • 8.3.4.1. Market Size & Forecast
        • 8.3.4.1.1. By Value
      • 8.3.4.2. Market Share & Forecast
        • 8.3.4.2.1. By Feedstock
        • 8.3.4.2.2. By End User
    • 8.3.5. Australia Hydrotreated Vegetable Oil Market Outlook
      • 8.3.5.1. Market Size & Forecast
        • 8.3.5.1.1. By Value
      • 8.3.5.2. Market Share & Forecast
        • 8.3.5.2.1. By Feedstock
        • 8.3.5.2.2. By End User

9. Middle East & Africa Hydrotreated Vegetable Oil Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
  • 9.2. Market Share & Forecast
    • 9.2.1. By Feedstock
    • 9.2.2. By End User
    • 9.2.3. By Country
  • 9.3. Middle East & Africa: Country Analysis
    • 9.3.1. Saudi Arabia Hydrotreated Vegetable Oil Market Outlook
      • 9.3.1.1. Market Size & Forecast
        • 9.3.1.1.1. By Value
      • 9.3.1.2. Market Share & Forecast
        • 9.3.1.2.1. By Feedstock
        • 9.3.1.2.2. By End User
    • 9.3.2. UAE Hydrotreated Vegetable Oil Market Outlook
      • 9.3.2.1. Market Size & Forecast
        • 9.3.2.1.1. By Value
      • 9.3.2.2. Market Share & Forecast
        • 9.3.2.2.1. By Feedstock
        • 9.3.2.2.2. By End User
    • 9.3.3. South Africa Hydrotreated Vegetable Oil Market Outlook
      • 9.3.3.1. Market Size & Forecast
        • 9.3.3.1.1. By Value
      • 9.3.3.2. Market Share & Forecast
        • 9.3.3.2.1. By Feedstock
        • 9.3.3.2.2. By End User

10. South America Hydrotreated Vegetable Oil Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
  • 10.2. Market Share & Forecast
    • 10.2.1. By Feedstock
    • 10.2.2. By End User
    • 10.2.3. By Country
  • 10.3. South America: Country Analysis
    • 10.3.1. Brazil Hydrotreated Vegetable Oil Market Outlook
      • 10.3.1.1. Market Size & Forecast
        • 10.3.1.1.1. By Value
      • 10.3.1.2. Market Share & Forecast
        • 10.3.1.2.1. By Feedstock
        • 10.3.1.2.2. By End User
    • 10.3.2. Colombia Hydrotreated Vegetable Oil Market Outlook
      • 10.3.2.1. Market Size & Forecast
        • 10.3.2.1.1. By Value
      • 10.3.2.2. Market Share & Forecast
        • 10.3.2.2.1. By Feedstock
        • 10.3.2.2.2. By End User
    • 10.3.3. Argentina Hydrotreated Vegetable Oil Market Outlook
      • 10.3.3.1. Market Size & Forecast
        • 10.3.3.1.1. By Value
      • 10.3.3.2. Market Share & Forecast
        • 10.3.3.2.1. By Feedstock
        • 10.3.3.2.2. By End User

11. Market Dynamics

  • 11.1. Drivers
  • 11.2. Challenges

12. Market Trends & Developments

  • 12.1. Merger & Acquisition (If Any)
  • 12.2. Product Launches (If Any)
  • 12.3. Recent Developments

13. Global Hydrotreated Vegetable Oil Market: SWOT Analysis

14. Porter's Five Forces Analysis

  • 14.1. Competition in the Industry
  • 14.2. Potential of New Entrants
  • 14.3. Power of Suppliers
  • 14.4. Power of Customers
  • 14.5. Threat of Substitute Products

15. Competitive Landscape

  • 15.1. Eni S.p.A.
    • 15.1.1. Business Overview
    • 15.1.2. Products & Services
    • 15.1.3. Recent Developments
    • 15.1.4. Key Personnel
    • 15.1.5. SWOT Analysis
  • 15.2. St1 Nordic Oy
  • 15.3. Neste Oyj
  • 15.4. Valero Energy Corporation
  • 15.5. PT Pertamina
  • 15.6. Repsol SA
  • 15.7. TotalEnergies SE
  • 15.8. UPM-Kymmene Corporation
  • 15.9. Renewable Energy Group, Inc.
  • 15.10. Green Biofuels Limited

16. Strategic Recommendations

17. About Us & Disclaimer