The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Europe Hydrotreated Vegetable Oil Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.

Europe Hydrotreated Vegetable Oil Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,

According to the latest report, 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 report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.

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What is Included in Europe Hydrotreated Vegetable Oil Market Segmentation?

The report has segmented the market into the following categories:

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

By Country

• Germany
• The UK
• France
• Italy
• Spain
• Sweden
• The Netherlands
• Finland
• Rest of Europe

The production of conventional fossil fuel in the UK has been declining for the past few years owing to the maturing oil fields & strict regulations regarding mining & fossil fuel extraction activities. The low domestic production of these fuels in the UK led to an increasing reliance on imports from other countries. However, challenges such as supply chain constraints, trade disagreements, and geopolitical tensions have hampered the supply of fossil fuels & led to energy insecurity within the country. As a result, the government of the UK has encouraged the production & adoption of biofuel to ensure energy security within the country.

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Key Factor Driver Europe Hydrotreated Vegetable Oil Industry Growth by 2030

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.

Who are the Key Players Operating in the Europe Hydrotreated Vegetable Oil Industry?

The top companies of the Europe Hydrotreated Vegetable Oil market ruling the industry are: 

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

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FAQs (Frequently Ask Questions)

1. What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
2. What are the trends influencing the current scenario of the Europe Hydrotreated Vegetable Oil Market?
3. What are the key factors that would propel and hinder the industry?
4. Which geographical area dominates the Europe Hydrotreated Vegetable Oil industry?
5. Which is the Leading segment in the market?

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