North America Renewable Diesel Market by feedstock (Waste oils, Vegetable oils), and Country (United States, Canada, Mexico) - Forecast to 2044
The North America Renewable diesel market size is projected to grow from USD 12.9 Billion in 2022 to USD 49.1 Billion by 2044, at a CAGR of 7.1% during the forecast year. Used cooking oil is a good source of raw material used for renewable diesel production. Finding feedstocks to sustain production is one of the major problems the biofuel sector is experiencing. Conventional feedstocks such as soy oil are not economically viable. Animal or recycled fats and used cooking oil are the more appealing alternative feedstock.
“By Feedstock, Waste Oil segment has the largest share in North America Renewable diesel market in 2022.”
Tallow, used cooking oil, fish oil, lard, and poultry are considered under the waste oil segment. The Waste oil segment market will increase as the many biofuels suffer sustainability issues owing to high feedstock costs and the competition of some bio feedstocks with food supplies. Waste-based biofuel feedstocks, such as animal fats, yellow grease, manure, wastewater treatment sludge, municipal solid waste, crop residue, and forest residue, can play an essential role in growing biofuel feedstocks and ensuring the biofuel industry's long-term growth.
“US Renewable diesel market is projected to have largest market share during the forecast period.”
The US dominates the renewable diesel market in North America and is expected to continue its dominance during the forecast period. The waste oils segment is considered a potential feedstock for the production of renewable diesel. According to the US Energy Information Administration, at the end of 2020, the US renewable diesel production capacity totaled nearly 0.6 billion gallons per year (gal/y) or 38,000 barrels per day (b/d). Several projects currently under construction could increase this capacity by 2.4 billion gal/y; proposed and announced projects would add another 1.8 billion gal/y by 2024. The US renewable diesel production would total 5.1 billion gal/y (330,000 b/d) by the end of 2024.
In-depth interviews were performed with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from several key organizations working in the North America Renewable diesel market.
Research Coverage
The market study covers the North America Renewable diesel market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on type, generation, application, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position in the North America Renewable diesel market.
Key Benefits of Buying the Report
The report is projected to help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall North America Renewable diesel market and its segments and sub-segments. This report is projected to help stakeholders understand the market’s competitive landscape and gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.
“By Feedstock, Waste Oil segment has the largest share in North America Renewable diesel market in 2022.”
Tallow, used cooking oil, fish oil, lard, and poultry are considered under the waste oil segment. The Waste oil segment market will increase as the many biofuels suffer sustainability issues owing to high feedstock costs and the competition of some bio feedstocks with food supplies. Waste-based biofuel feedstocks, such as animal fats, yellow grease, manure, wastewater treatment sludge, municipal solid waste, crop residue, and forest residue, can play an essential role in growing biofuel feedstocks and ensuring the biofuel industry's long-term growth.
“US Renewable diesel market is projected to have largest market share during the forecast period.”
The US dominates the renewable diesel market in North America and is expected to continue its dominance during the forecast period. The waste oils segment is considered a potential feedstock for the production of renewable diesel. According to the US Energy Information Administration, at the end of 2020, the US renewable diesel production capacity totaled nearly 0.6 billion gallons per year (gal/y) or 38,000 barrels per day (b/d). Several projects currently under construction could increase this capacity by 2.4 billion gal/y; proposed and announced projects would add another 1.8 billion gal/y by 2024. The US renewable diesel production would total 5.1 billion gal/y (330,000 b/d) by the end of 2024.
In-depth interviews were performed with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from several key organizations working in the North America Renewable diesel market.
- By Department: Tier 1: 30%, Tier 2: 50%, Tier 3: 20%
- By Designation: Directors: 20%, CXOs: 40%, and Others: 40%
- By Region: US: 60%, Canada: 30%, Mexico: 10%,
Research Coverage
The market study covers the North America Renewable diesel market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on type, generation, application, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position in the North America Renewable diesel market.
Key Benefits of Buying the Report
The report is projected to help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall North America Renewable diesel market and its segments and sub-segments. This report is projected to help stakeholders understand the market’s competitive landscape and gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 RENEWABLE DIESEL MARKET: INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 RENEWABLE DIESEL MARKET SEGMENTATION
1.4 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 NORTH AMERICA RENEWABLE DIESEL MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Critical secondary inputs
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Critical primary inputs
2.1.2.2 Key data from primary sources
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primary interviews
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
FIGURE 5 NORTH AMERICA RENEWABLE DIESEL MARKET: DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 LIMITATIONS
2.6 RECESSION IMPACT
3 EXECUTIVE SUMMARY
FIGURE 6 WASTE OIL SEGMENT ACCOUNTED FOR LARGER SHARE IN 2022
FIGURE 7 NORTH AMERICA: RENEWABLE DIESEL MARKET, 2023–2044
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN RENEWABLE DIESEL MARKET
FIGURE 8 INCREASING FOCUS ON REDUCING CARBON EMISSIONS TO DRIVE RENEWABLE DIESEL MARKET GROWTH
4.2 NORTH AMERICA: RENEWABLE DIESEL MARKET, BY TYPE AND COUNTRY, 2022
FIGURE 9 WASTE OIL SEGMENT ACCOUNTED FOR DOMINANT SHARE OF RENEWABLE DIESEL MARKET IN 2022
4.3 RENEWABLE DIESEL MARKET, BY KEY COUNTRIES
FIGURE 10 CANADA TO REGISTER HIGHER CAGR IN NORTH AMERICA RENEWABLE DIESEL MARKET
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 11 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN RENEWABLE DIESEL MARKET
5.2.1 DRIVERS
5.2.1.1 Increasing focus on reducing carbon emissions
5.2.1.2 Growth of automotive industry
FIGURE 12 GLOBAL AUTOMOBILE PRODUCTION (UNITS)
5.2.1.3 Environment friendly and better performance compared with biodiesels
5.2.1.4 Tax credits by governments and investments in renewable energy
5.2.2 RESTRAINTS
5.2.2.1 Limited availability of renewable diesel
5.2.2.2 Lack of proper infrastructure
5.2.3 OPPORTUNITIES
5.2.3.1 Enhancing supply chain of renewable diesel
5.2.4 CHALLENGES
5.2.4.1 Insufficient availability of feedstocks
5.2.4.2 Requirement for wastewater treatment facilities
5.2.4.3 Availability of substitutes
5.2.4.4 Finding suitable location for producing renewable diesel
5.3 INDUSTRY TRENDS
5.3.1 PORTER'S FIVE FORCES ANALYSIS
FIGURE 13 PORTER'S FIVE FORCES ANALYSIS: RENEWABLE DIESEL MARKET
TABLE 1 RENEWABLE DIESEL MARKET: PORTER'S FIVE FORCE ANALYSIS
5.3.1.1 Bargaining power of suppliers
5.3.1.2 Bargaining power of buyers
5.3.1.3 Threat of new entrants
5.3.1.4 Threat of substitutes
5.3.1.5 Intensity of competitive rivalry
5.4 SUPPLY CHAIN ANALYSIS
FIGURE 14 RENEWABLE DIESEL SUPPLY CHAIN
5.5 TECHNOLOGY ANALYSIS
TABLE 2 COMPARISON OF PROPERTIES: PETROLEUM DIESEL, BIODIESEL, AND RENEWABLE DIESEL
5.6 PRICING ANALYSIS
TABLE 3 NATIONAL AVERAGE PRICE BETWEEN OCTOBER 1 AND OCTOBER 15, 2022
5.7 PATENT ANALYSIS
5.7.1 INTRODUCTION
5.7.2 METHODOLOGY
5.7.3 DOCUMENT TYPE
TABLE 4 GRANTED PATENTS ACCOUNTED FOR 41.8 % OF ALL PATENTS IN LAST 10 YEARS
FIGURE 15 NUMBER OF PATENTS PUBLISHED FROM 2013 TO 2023
FIGURE 16 NUMBER OF PATENTS PUBLISHED, YEAR-WISE (2012-2022)
5.7.4 INSIGHTS
5.7.5 JURISDICTION ANALYSIS
FIGURE 17 PATENT ANALYSIS, BY TOP JURISDICTIONS
5.7.6 TOP COMPANIES/APPLICANTS
FIGURE 18 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS
5.8 REGULATORY LANDSCAPE
5.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 5 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.9 ECOSYSTEM MAPPING
FIGURE 19 RENEWABLE DIESEL MARKET: ECOSYSTEM MAP
5.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
FIGURE 20 RENEWABLE DIESEL MARKET: TRENDS IMPACTING CUSTOMER'S BUSINESS
5.11 TRADE ANALYSIS
5.11.1 IMPORT SCENARIO
TABLE 6 IMPORT SCENARIO FOR HS CODE 382600, BY COUNTRY, 2017–2021 (USD THOUSAND)
5.11.2 EXPORT SCENARIO
TABLE 7 EXPORT SCENARIO FOR HS CODE: 382600, BY COUNTRY, 2017–2021 (USD THOUSAND)
5.12 KEY CONFERENCES AND EVENTS, 2022–2023
TABLE 8 RENEWABLE DIESEL MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
5.13 MACROECONOMIC OVERVIEW
TABLE 9 GDP GROWTH: ANNUAL PERCENTAGE CHANGE PROJECTION WORLDWIDE
5.14 CASE STUDY
5.14.1 RENEWABLE DIESEL AIDING IN REDUCING GREENHOUSE GAS EMISSIONS BY USE IN PRIVATE FLEET IN CALIFORNIA
5.15 ADJACENT AND CONNECTED MARKETS
5.16 TENOR OF SALES CONTRACTS
TABLE 10 SUSTAINABLE AVIATION FUEL (SAF)
TABLE 11 RENEWABLE DIESEL
6 RENEWABLE DIESEL MARKET, BY FEEDSTOCK
6.1 INTRODUCTION
FIGURE 21 WASTE OIL SEGMENT DOMINATED RENEWABLE DIESEL MARKET IN 2022
6.2 WASTE OIL
6.2.1 TALLOW
6.2.2 USED COOKING OIL
6.2.3 FISH OIL
6.3 VEGETABLE OIL
TABLE 12 RENEWABLE DIESEL MARKET SIZE, BY FEEDSTOCK, 2020–2044 (GALLON MILLION)
TABLE 13 RENEWABLE DIESEL MARKET SIZE, BY FEEDSTOCK, 2020–2044 (USD MILLION)
7 RENEWABLE DIESEL MARKET, BY REGION
7.1 INTRODUCTION
7.2 NORTH AMERICA
FIGURE 22 NORTH AMERICA: RENEWABLE DIESEL MARKET SNAPSHOT
TABLE 14 NORTH AMERICA: RENEWABLE DIESEL MARKET SIZE, BY COUNTRY, 2020–2044 (MILLION GALLON)
TABLE 15 NORTH AMERICA: RENEWABLE DIESEL MARKET SIZE, BY COUNTRY, 2020–2044 (USD MILLION)
7.2.1 US
7.2.1.1 To dominate market during forecast period
TABLE 16 US RENEWABLE DIESEL FUEL AND OTHER BIOFUEL PLANT PRODUCTION CAPACITY ((JANUARY 1, 2022)
TABLE 17 US: RENEWABLE DIESEL MARKET SIZE, BY FEEDSTOCK, 2020–2044 (MILLION GALLON)
TABLE 18 US: RENEWABLE DIESEL MARKET SIZE, BY FEEDSTOCK, 2020–2044 (USD MILLION)
7.2.2 CANADA
7.2.2.1 Clean fuel standard to reduce country's greenhouse gas emissions
TABLE 19 CANADA: RENEWABLE DIESEL MARKET SIZE, BY FEEDSTOCK, 2020–2044 (MILLION GALLON)
TABLE 20 CANADA: RENEWABLE DIESEL MARKET SIZE, BY FEEDSTOCK, 2020–2044 (USD MILLION)
7.2.3 MEXICO
8 COMPETITIVE LANDSCAPE
8.1 INTRODUCTION
8.2 STRATEGIES ADOPTED BY KEY PLAYERS
FIGURE 23 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN RENEWABLE DIESEL MARKET
8.3 KEY STRATEGIES ADOPTED BY KEY MARKET PLAYERS
TABLE 21 STRATEGIC POSITIONING OF KEY PLAYERS
8.4 COMPANY EVALUATION QUADRANT
8.4.1 STARS
8.4.2 PERVASIVE PLAYERS
8.4.3 EMERGING LEADERS
8.4.4 PARTICIPANTS
FIGURE 24 RENEWABLE DIESEL MARKET: COMPANY EVALUATION QUADRANT, 2022
8.5 START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT
8.5.1 RESPONSIVE COMPANIES
8.5.2 DYNAMIC COMPANIES
8.5.3 STARTING BLOCKS
8.5.4 PROGRESSIVE COMPANIES
FIGURE 25 START-UPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022
8.6 REVENUE ANALYSIS OF TOP PLAYERS
FIGURE 26 REVENUE ANALYSIS OF KEY COMPANIES, 2019–2021
8.7 COMPETITIVE BENCHMARKING
TABLE 22 RENEWABLE DIESEL MARKET: LIST OF KEY PLAYERS
TABLE 23 RENEWABLE DIESEL MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS
8.8 COMPETITIVE SITUATION AND TRENDS
8.8.1 PRODUCT LAUNCHES
TABLE 24 RENEWABLE DIESEL MARKET: PRODUCT LAUNCHES
8.8.2 DEALS, 2019–2022
TABLE 25 RENEWABLE DIESEL MARKET: DEALS
8.8.3 OTHER DEVELOPMENTS, 2019–2022
TABLE 26 RENEWABLE DIESEL MARKET: OTHER DEVELOPMENTS
9 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices, Weaknesses and competitive threats) *
9.1 KEY PLAYERS
9.1.1 NESTE OYJ
TABLE 27 NESTE OYJ: COMPANY OVERVIEW
FIGURE 27 NESTE OYJ: COMPANY SNAPSHOT
TABLE 28 NESTE OYJ: PRODUCTS OFFERED
TABLE 29 NESTE OYJ: DEALS
9.1.2 CHEVRON GROUP (RENEWABLE ENERGY GROUP)
TABLE 30 CHEVRON GROUP (RENEWABLE ENERGY GROUP): COMPANY OVERVIEW
FIGURE 28 CHEVRON GROUP (RENEWABLE ENERGY GROUP): COMPANY SNAPSHOT
TABLE 31 CHEVRON GROUP (RENEWABLE ENERGY GROUP): PRODUCTS OFFERED
TABLE 32 CHEVRON GROUP (RENEWABLE ENERGY GROUP): DEALS
TABLE 33 CHEVRON GROUP (RENEWABLE ENERGY GROUP): PRODUCT LAUNCHES
9.1.3 PBF ENERGY INC.
TABLE 34 PBF ENERGY INC.: COMPANY OVERVIEW
FIGURE 29 PBF ENERGY INC.: COMPANY SNAPSHOT
TABLE 35 PBF ENERGY INC.: PRODUCTS OFFERED
TABLE 36 PBF ENERGY INC.: DEALS
TABLE 37 PBF ENERGY INC.: OTHERS
9.1.4 VALERO ENERGY CORPORATION
TABLE 38 VALERO ENERGY CORPORATION: COMPANY OVERVIEW
FIGURE 30 VALERO ENERGY CORPORATION: COMPANY SNAPSHOT
TABLE 39 VALERO ENERGY CORPORATION: OTHERS
9.1.5 GEVO, INC.
TABLE 40 GEVO, INC.: COMPANY OVERVIEW
FIGURE 31 GEVO, INC.: COMPANY SNAPSHOT
TABLE 41 GEVO, INC.: PRODUCTS OFFERED
TABLE 42 GEVO, INC.: DEALS
9.1.6 PHILLIPS 66
TABLE 43 PHILLIPS 66: COMPANY OVERVIEW
FIGURE 32 PHILLIPS 66: COMPANY SNAPSHOT
TABLE 44 PHILLIPS 66: PRODUCTS OFFERED
TABLE 45 PHILLIPS 66: DEALS
TABLE 46 PHILLIPS 66: OTHERS
9.1.7 MARATHON PETROLEUM CORPORATION
TABLE 47 MARATHON PETROLEUM CORPORATION: COMPANY OVERVIEW
FIGURE 33 MARATHON PETROLEUM CORPORATION: COMPANY SNAPSHOT
TABLE 48 MARATHON PETROLEUM CORPORATION: PRODUCTS OFFERED
TABLE 49 MARATHON PETROLEUM CORPORATION: DEALS
TABLE 50 MARATHON PETROLEUM CORPORATION: OTHERS
9.1.8 AEMETIS, INC.
TABLE 51 AEMETIS, INC.: COMPANY OVERVIEW
FIGURE 34 AEMETIS, INC.: COMPANY SNAPSHOT
TABLE 52 AEMETIS, INC.: PRODUCTS OFFERED
TABLE 53 AEMETIS, INC.: DEALS
TABLE 54 AEMETIS, INC.: OTHERS
9.1.9 SHELL PLC
TABLE 55 SHELL PLC: COMPANY OVERVIEW
FIGURE 35 SHELL PLC: COMPANY SNAPSHOT
TABLE 56 SHELL PLC: PRODUCTS OFFERED
TABLE 57 SHELL PLC: DEALS
TABLE 58 SHELL PLC: OTHERS
9.1.10 GLOBAL CLEAN ENERGY HOLDINGS, INC.
TABLE 59 GLOBAL CLEAN ENERGY HOLDINGS, INC.: COMPANY OVERVIEW
TABLE 60 GLOBAL CLEAN ENERGY HOLDINGS, INC.: PRODUCTS OFFERED
TABLE 61 GLOBAL CLEAN ENERGY HOLDINGS, INC.: DEALS
9.2 OTHER PLAYERS
9.2.1 VERBIO VEREINIGTE BIOENERGIE AG (VERBIO AG)
TABLE 62 VERBIO VEREINIGTE BIOENERGIE AG (VERBIO AG): COMPANY OVERVIEW
9.2.2 CANADA CLEAN FUELS INC
TABLE 63 CANADA CLEAN FUELS INC: COMPANY OVERVIEW
9.2.3 FORGE HYDROCARBONS CORPORATION
TABLE 64 FORGE HYDROCARBONS CORPORATION: COMPANY OVERVIEW
9.2.4 CARGILL, INCORPORATED
TABLE 65 CARGILL, INCORPORATED: COMPANY OVERVIEW
9.2.5 GENUINE BIO-FUEL INC.
TABLE 66 GENUINE BIO-FUEL INC.: COMPANY OVERVIEW
9.2.6 ROCKY MOUNTAIN SUSTAINABLE ENTERPRISES, LLC
TABLE 67 ROCKY MOUNTAIN SUSTAINABLE ENTERPRISES, LLC: COMPANY OVERVIEW
9.2.7 FARMERS UNION INDUSTRIES LLC
TABLE 68 FARMERS UNION INDUSTRIES LLC: COMPANY OVERVIEW
9.2.8 AMERICAN GREENFUELS, LLC
TABLE 69 AMERICAN GREENFUELS, LLC: COMPANY OVERVIEW
9.2.9 SMISSON-MATHIS ENERGY SOLUTIONS
TABLE 70 SMISSON-MATHIS ENERGY SOLUTIONS: COMPANY OVERVIEW
9.2.10 IMPERIAL OIL LTD.
TABLE 71 IMPERIAL OIL LTD.: COMPANY OVERVIEW
9.2.11 LOWER MAINLAND BIODIESEL INC
TABLE 72 LOWER MAINLAND BIODIESEL INC: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.
10 APPENDIX
10.1 DISCUSSION GUIDE
10.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
10.3 CUSTOMIZATION OPTIONS
10.4 RELATED REPORTS
10.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 RENEWABLE DIESEL MARKET: INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 RENEWABLE DIESEL MARKET SEGMENTATION
1.4 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 NORTH AMERICA RENEWABLE DIESEL MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Critical secondary inputs
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Critical primary inputs
2.1.2.2 Key data from primary sources
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primary interviews
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
FIGURE 5 NORTH AMERICA RENEWABLE DIESEL MARKET: DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 LIMITATIONS
2.6 RECESSION IMPACT
3 EXECUTIVE SUMMARY
FIGURE 6 WASTE OIL SEGMENT ACCOUNTED FOR LARGER SHARE IN 2022
FIGURE 7 NORTH AMERICA: RENEWABLE DIESEL MARKET, 2023–2044
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN RENEWABLE DIESEL MARKET
FIGURE 8 INCREASING FOCUS ON REDUCING CARBON EMISSIONS TO DRIVE RENEWABLE DIESEL MARKET GROWTH
4.2 NORTH AMERICA: RENEWABLE DIESEL MARKET, BY TYPE AND COUNTRY, 2022
FIGURE 9 WASTE OIL SEGMENT ACCOUNTED FOR DOMINANT SHARE OF RENEWABLE DIESEL MARKET IN 2022
4.3 RENEWABLE DIESEL MARKET, BY KEY COUNTRIES
FIGURE 10 CANADA TO REGISTER HIGHER CAGR IN NORTH AMERICA RENEWABLE DIESEL MARKET
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 11 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN RENEWABLE DIESEL MARKET
5.2.1 DRIVERS
5.2.1.1 Increasing focus on reducing carbon emissions
5.2.1.2 Growth of automotive industry
FIGURE 12 GLOBAL AUTOMOBILE PRODUCTION (UNITS)
5.2.1.3 Environment friendly and better performance compared with biodiesels
5.2.1.4 Tax credits by governments and investments in renewable energy
5.2.2 RESTRAINTS
5.2.2.1 Limited availability of renewable diesel
5.2.2.2 Lack of proper infrastructure
5.2.3 OPPORTUNITIES
5.2.3.1 Enhancing supply chain of renewable diesel
5.2.4 CHALLENGES
5.2.4.1 Insufficient availability of feedstocks
5.2.4.2 Requirement for wastewater treatment facilities
5.2.4.3 Availability of substitutes
5.2.4.4 Finding suitable location for producing renewable diesel
5.3 INDUSTRY TRENDS
5.3.1 PORTER'S FIVE FORCES ANALYSIS
FIGURE 13 PORTER'S FIVE FORCES ANALYSIS: RENEWABLE DIESEL MARKET
TABLE 1 RENEWABLE DIESEL MARKET: PORTER'S FIVE FORCE ANALYSIS
5.3.1.1 Bargaining power of suppliers
5.3.1.2 Bargaining power of buyers
5.3.1.3 Threat of new entrants
5.3.1.4 Threat of substitutes
5.3.1.5 Intensity of competitive rivalry
5.4 SUPPLY CHAIN ANALYSIS
FIGURE 14 RENEWABLE DIESEL SUPPLY CHAIN
5.5 TECHNOLOGY ANALYSIS
TABLE 2 COMPARISON OF PROPERTIES: PETROLEUM DIESEL, BIODIESEL, AND RENEWABLE DIESEL
5.6 PRICING ANALYSIS
TABLE 3 NATIONAL AVERAGE PRICE BETWEEN OCTOBER 1 AND OCTOBER 15, 2022
5.7 PATENT ANALYSIS
5.7.1 INTRODUCTION
5.7.2 METHODOLOGY
5.7.3 DOCUMENT TYPE
TABLE 4 GRANTED PATENTS ACCOUNTED FOR 41.8 % OF ALL PATENTS IN LAST 10 YEARS
FIGURE 15 NUMBER OF PATENTS PUBLISHED FROM 2013 TO 2023
FIGURE 16 NUMBER OF PATENTS PUBLISHED, YEAR-WISE (2012-2022)
5.7.4 INSIGHTS
5.7.5 JURISDICTION ANALYSIS
FIGURE 17 PATENT ANALYSIS, BY TOP JURISDICTIONS
5.7.6 TOP COMPANIES/APPLICANTS
FIGURE 18 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS
5.8 REGULATORY LANDSCAPE
5.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 5 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.9 ECOSYSTEM MAPPING
FIGURE 19 RENEWABLE DIESEL MARKET: ECOSYSTEM MAP
5.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
FIGURE 20 RENEWABLE DIESEL MARKET: TRENDS IMPACTING CUSTOMER'S BUSINESS
5.11 TRADE ANALYSIS
5.11.1 IMPORT SCENARIO
TABLE 6 IMPORT SCENARIO FOR HS CODE 382600, BY COUNTRY, 2017–2021 (USD THOUSAND)
5.11.2 EXPORT SCENARIO
TABLE 7 EXPORT SCENARIO FOR HS CODE: 382600, BY COUNTRY, 2017–2021 (USD THOUSAND)
5.12 KEY CONFERENCES AND EVENTS, 2022–2023
TABLE 8 RENEWABLE DIESEL MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
5.13 MACROECONOMIC OVERVIEW
TABLE 9 GDP GROWTH: ANNUAL PERCENTAGE CHANGE PROJECTION WORLDWIDE
5.14 CASE STUDY
5.14.1 RENEWABLE DIESEL AIDING IN REDUCING GREENHOUSE GAS EMISSIONS BY USE IN PRIVATE FLEET IN CALIFORNIA
5.15 ADJACENT AND CONNECTED MARKETS
5.16 TENOR OF SALES CONTRACTS
TABLE 10 SUSTAINABLE AVIATION FUEL (SAF)
TABLE 11 RENEWABLE DIESEL
6 RENEWABLE DIESEL MARKET, BY FEEDSTOCK
6.1 INTRODUCTION
FIGURE 21 WASTE OIL SEGMENT DOMINATED RENEWABLE DIESEL MARKET IN 2022
6.2 WASTE OIL
6.2.1 TALLOW
6.2.2 USED COOKING OIL
6.2.3 FISH OIL
6.3 VEGETABLE OIL
TABLE 12 RENEWABLE DIESEL MARKET SIZE, BY FEEDSTOCK, 2020–2044 (GALLON MILLION)
TABLE 13 RENEWABLE DIESEL MARKET SIZE, BY FEEDSTOCK, 2020–2044 (USD MILLION)
7 RENEWABLE DIESEL MARKET, BY REGION
7.1 INTRODUCTION
7.2 NORTH AMERICA
FIGURE 22 NORTH AMERICA: RENEWABLE DIESEL MARKET SNAPSHOT
TABLE 14 NORTH AMERICA: RENEWABLE DIESEL MARKET SIZE, BY COUNTRY, 2020–2044 (MILLION GALLON)
TABLE 15 NORTH AMERICA: RENEWABLE DIESEL MARKET SIZE, BY COUNTRY, 2020–2044 (USD MILLION)
7.2.1 US
7.2.1.1 To dominate market during forecast period
TABLE 16 US RENEWABLE DIESEL FUEL AND OTHER BIOFUEL PLANT PRODUCTION CAPACITY ((JANUARY 1, 2022)
TABLE 17 US: RENEWABLE DIESEL MARKET SIZE, BY FEEDSTOCK, 2020–2044 (MILLION GALLON)
TABLE 18 US: RENEWABLE DIESEL MARKET SIZE, BY FEEDSTOCK, 2020–2044 (USD MILLION)
7.2.2 CANADA
7.2.2.1 Clean fuel standard to reduce country's greenhouse gas emissions
TABLE 19 CANADA: RENEWABLE DIESEL MARKET SIZE, BY FEEDSTOCK, 2020–2044 (MILLION GALLON)
TABLE 20 CANADA: RENEWABLE DIESEL MARKET SIZE, BY FEEDSTOCK, 2020–2044 (USD MILLION)
7.2.3 MEXICO
8 COMPETITIVE LANDSCAPE
8.1 INTRODUCTION
8.2 STRATEGIES ADOPTED BY KEY PLAYERS
FIGURE 23 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN RENEWABLE DIESEL MARKET
8.3 KEY STRATEGIES ADOPTED BY KEY MARKET PLAYERS
TABLE 21 STRATEGIC POSITIONING OF KEY PLAYERS
8.4 COMPANY EVALUATION QUADRANT
8.4.1 STARS
8.4.2 PERVASIVE PLAYERS
8.4.3 EMERGING LEADERS
8.4.4 PARTICIPANTS
FIGURE 24 RENEWABLE DIESEL MARKET: COMPANY EVALUATION QUADRANT, 2022
8.5 START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT
8.5.1 RESPONSIVE COMPANIES
8.5.2 DYNAMIC COMPANIES
8.5.3 STARTING BLOCKS
8.5.4 PROGRESSIVE COMPANIES
FIGURE 25 START-UPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022
8.6 REVENUE ANALYSIS OF TOP PLAYERS
FIGURE 26 REVENUE ANALYSIS OF KEY COMPANIES, 2019–2021
8.7 COMPETITIVE BENCHMARKING
TABLE 22 RENEWABLE DIESEL MARKET: LIST OF KEY PLAYERS
TABLE 23 RENEWABLE DIESEL MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS
8.8 COMPETITIVE SITUATION AND TRENDS
8.8.1 PRODUCT LAUNCHES
TABLE 24 RENEWABLE DIESEL MARKET: PRODUCT LAUNCHES
8.8.2 DEALS, 2019–2022
TABLE 25 RENEWABLE DIESEL MARKET: DEALS
8.8.3 OTHER DEVELOPMENTS, 2019–2022
TABLE 26 RENEWABLE DIESEL MARKET: OTHER DEVELOPMENTS
9 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices, Weaknesses and competitive threats) *
9.1 KEY PLAYERS
9.1.1 NESTE OYJ
TABLE 27 NESTE OYJ: COMPANY OVERVIEW
FIGURE 27 NESTE OYJ: COMPANY SNAPSHOT
TABLE 28 NESTE OYJ: PRODUCTS OFFERED
TABLE 29 NESTE OYJ: DEALS
9.1.2 CHEVRON GROUP (RENEWABLE ENERGY GROUP)
TABLE 30 CHEVRON GROUP (RENEWABLE ENERGY GROUP): COMPANY OVERVIEW
FIGURE 28 CHEVRON GROUP (RENEWABLE ENERGY GROUP): COMPANY SNAPSHOT
TABLE 31 CHEVRON GROUP (RENEWABLE ENERGY GROUP): PRODUCTS OFFERED
TABLE 32 CHEVRON GROUP (RENEWABLE ENERGY GROUP): DEALS
TABLE 33 CHEVRON GROUP (RENEWABLE ENERGY GROUP): PRODUCT LAUNCHES
9.1.3 PBF ENERGY INC.
TABLE 34 PBF ENERGY INC.: COMPANY OVERVIEW
FIGURE 29 PBF ENERGY INC.: COMPANY SNAPSHOT
TABLE 35 PBF ENERGY INC.: PRODUCTS OFFERED
TABLE 36 PBF ENERGY INC.: DEALS
TABLE 37 PBF ENERGY INC.: OTHERS
9.1.4 VALERO ENERGY CORPORATION
TABLE 38 VALERO ENERGY CORPORATION: COMPANY OVERVIEW
FIGURE 30 VALERO ENERGY CORPORATION: COMPANY SNAPSHOT
TABLE 39 VALERO ENERGY CORPORATION: OTHERS
9.1.5 GEVO, INC.
TABLE 40 GEVO, INC.: COMPANY OVERVIEW
FIGURE 31 GEVO, INC.: COMPANY SNAPSHOT
TABLE 41 GEVO, INC.: PRODUCTS OFFERED
TABLE 42 GEVO, INC.: DEALS
9.1.6 PHILLIPS 66
TABLE 43 PHILLIPS 66: COMPANY OVERVIEW
FIGURE 32 PHILLIPS 66: COMPANY SNAPSHOT
TABLE 44 PHILLIPS 66: PRODUCTS OFFERED
TABLE 45 PHILLIPS 66: DEALS
TABLE 46 PHILLIPS 66: OTHERS
9.1.7 MARATHON PETROLEUM CORPORATION
TABLE 47 MARATHON PETROLEUM CORPORATION: COMPANY OVERVIEW
FIGURE 33 MARATHON PETROLEUM CORPORATION: COMPANY SNAPSHOT
TABLE 48 MARATHON PETROLEUM CORPORATION: PRODUCTS OFFERED
TABLE 49 MARATHON PETROLEUM CORPORATION: DEALS
TABLE 50 MARATHON PETROLEUM CORPORATION: OTHERS
9.1.8 AEMETIS, INC.
TABLE 51 AEMETIS, INC.: COMPANY OVERVIEW
FIGURE 34 AEMETIS, INC.: COMPANY SNAPSHOT
TABLE 52 AEMETIS, INC.: PRODUCTS OFFERED
TABLE 53 AEMETIS, INC.: DEALS
TABLE 54 AEMETIS, INC.: OTHERS
9.1.9 SHELL PLC
TABLE 55 SHELL PLC: COMPANY OVERVIEW
FIGURE 35 SHELL PLC: COMPANY SNAPSHOT
TABLE 56 SHELL PLC: PRODUCTS OFFERED
TABLE 57 SHELL PLC: DEALS
TABLE 58 SHELL PLC: OTHERS
9.1.10 GLOBAL CLEAN ENERGY HOLDINGS, INC.
TABLE 59 GLOBAL CLEAN ENERGY HOLDINGS, INC.: COMPANY OVERVIEW
TABLE 60 GLOBAL CLEAN ENERGY HOLDINGS, INC.: PRODUCTS OFFERED
TABLE 61 GLOBAL CLEAN ENERGY HOLDINGS, INC.: DEALS
9.2 OTHER PLAYERS
9.2.1 VERBIO VEREINIGTE BIOENERGIE AG (VERBIO AG)
TABLE 62 VERBIO VEREINIGTE BIOENERGIE AG (VERBIO AG): COMPANY OVERVIEW
9.2.2 CANADA CLEAN FUELS INC
TABLE 63 CANADA CLEAN FUELS INC: COMPANY OVERVIEW
9.2.3 FORGE HYDROCARBONS CORPORATION
TABLE 64 FORGE HYDROCARBONS CORPORATION: COMPANY OVERVIEW
9.2.4 CARGILL, INCORPORATED
TABLE 65 CARGILL, INCORPORATED: COMPANY OVERVIEW
9.2.5 GENUINE BIO-FUEL INC.
TABLE 66 GENUINE BIO-FUEL INC.: COMPANY OVERVIEW
9.2.6 ROCKY MOUNTAIN SUSTAINABLE ENTERPRISES, LLC
TABLE 67 ROCKY MOUNTAIN SUSTAINABLE ENTERPRISES, LLC: COMPANY OVERVIEW
9.2.7 FARMERS UNION INDUSTRIES LLC
TABLE 68 FARMERS UNION INDUSTRIES LLC: COMPANY OVERVIEW
9.2.8 AMERICAN GREENFUELS, LLC
TABLE 69 AMERICAN GREENFUELS, LLC: COMPANY OVERVIEW
9.2.9 SMISSON-MATHIS ENERGY SOLUTIONS
TABLE 70 SMISSON-MATHIS ENERGY SOLUTIONS: COMPANY OVERVIEW
9.2.10 IMPERIAL OIL LTD.
TABLE 71 IMPERIAL OIL LTD.: COMPANY OVERVIEW
9.2.11 LOWER MAINLAND BIODIESEL INC
TABLE 72 LOWER MAINLAND BIODIESEL INC: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.
10 APPENDIX
10.1 DISCUSSION GUIDE
10.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
10.3 CUSTOMIZATION OPTIONS
10.4 RELATED REPORTS
10.5 AUTHOR DETAILS
