Renewable Diesel Market Size, Competitive Strategies and Segment Forecast to 2034
Global Renewable Diesel Market Size- By Feedstock, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jul-2025 | Report ID: POAE25108 | Pages: 1 - 244 | Formats*: |
| Category : Power & Energy | |||
Renewable Diesel Market Introduction and Overview
According to SPER Market Research, the Global Renewable Diesel Market is estimated to reach USD 51.34 billion by 2034 with a CAGR of 8.36%.
The report includes an in-depth analysis of the Global Renewable Diesel Market, including market size and trends, product mix, Applications, and supplier analysis. The market for renewable diesel is expanding quickly because of the growing need for low-carbon fuels, government regulations requiring cleaner energy, and growing climate change awareness. Renewable diesel, which is made from sustainable feedstocks including vegetable and animal fats, is a cleaner substitute for traditional diesel without the need for engine changes. It is becoming more popular in the logistics and transportation industries, particularly in areas with stringent emission standards. To reach decarbonization targets, major energy and oil firms are making significant investments in the manufacture of renewable diesel. Large-scale market expansion is still significantly hampered by the high cost of production and the scarcity of sustainable feedstocks.
By Feedstock Insights
By feedstock, the renewable diesel market is divided into categories such as animal fat and vegetable oil. Because vegetable oils are renewable, biodegradable, and can lower greenhouse gas emissions, the market is predicted to expand significantly by 2034. Its high energy density supports efficient combustion and engine power, allowing for performance on par with petroleum diesel. Production is encouraged and sourcing is made easier by the abundance of feedstocks, including rapeseed, soybeans, canola, and palm oil. HVO100 fuel, a sustainable diesel made from hydrotreated vegetable oil, will be used in more BMW automobiles thanks to a partnership between Neste and BMW in December 2024.
By Application Insights
The market for renewable diesel is divided into segments based on application, such as power generation and transportation. In 2024, the market is dominated by the transportation segment, which is expected to grow even more due to growing adoption among heavy-duty fleets, logistics companies, and municipal transit agencies seeking to achieve sustainability targets without sacrificing performance. Cleaner public transportation solutions are being prioritized in North America and Europe in order to lower carbon emissions and comply with environmental requirements. Neste provided renewable fuel to school districts in the United States in March 2022 to aid in the shift away from conventional diesel buses, which are a major source of greenhouse gas emissions and public health problems.
Regional Insights
The market for renewable diesel is dominated by North America, and by 2034, it is predicted to continue to increase. By providing incentives for the use of low-carbon fuels, supportive government regulations such as the Renewable Fuel Standard (RFS) and the Low Carbon Fuel Standard (LCFS) are accelerating adoption. Renewable diesel is becoming more and more popular as a cleaner substitute for conventional diesel due to its growing use in the construction, transportation, and agricultural industries. To increase their market presence, major industrial players are aggressively establishing strategic alliances. To boost the production of renewable diesel in the United States, Neste Oyj and Ohio-based Marathon Petroleum Corp. formed a joint venture in March 2022.
Market Competitive Landscape
The renewable diesel market is competitive, with major players like Neste, Valero, Chevron, and Marathon Petroleum investing in capacity expansion, joint ventures, and feedstock innovation. Companies focus on sustainability, regulatory compliance, and technological advancement to gain market share and ensure long-term growth. Some of the key market players are BP, Chevron, Diamond Green Diesel, Eni, Gevo, Marathon Petroleum, Neste, PBF Energy, Repsol, Shell.
Recent Developments:
In October 2024, Nexa 100% Renewable Diesel, a premium fuel that works with all diesel engines, was offered by Repsol at its service stations. Its unique formulation prolongs engine life and improves performance.
In February 2024, Colonial Oil and Neste, a Finnish biofuels company, were working together on a renewable diesel project in Savannah, Georgia. By assisting regional container service providers like Terminal Investment and Gateway, the joint venture seeks to increase the supply of renewable diesel in Savannah and the Southeast United States.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Feedstock, By Application |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | BP, Chevron, Diamond Green Diesel, Eni, Gevo, Marathon Petroleum, Neste, PBF Energy, Repsol, Shell |
Key Topics Covered in the Report
- Global Renewable Diesel Market Size (FY’2021-FY’2034)
- Overview of Global Renewable Diesel Market
- Segmentation of Global Renewable Diesel Market By Feedstock (Animal Fat, Vegetable Oil, Others)
- Segmentation of Global Renewable Diesel Market By Application (Transportation, Power Generation, Others)
- Statistical Snap of Global Renewable Diesel Market
- Expansion Analysis of Global Renewable Diesel Market
- Problems and Obstacles in Global Renewable Diesel Market
- Competitive Landscape in the Global Renewable Diesel Market
- Details on Current Investment in Global Renewable Diesel Market
- Competitive Analysis of Global Renewable Diesel Market
- Prominent Players in the Global Renewable Diesel Market
- SWOT Analysis of Global Renewable Diesel Market
- Global Renewable Diesel Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs2.2.Market size estimation2.2.1.Top-down and Bottom-up approach2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats5.2.PESTEL Analysis5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape5.3.PORTERs Five Forces5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Renewable Diesel Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Renewable Diesel Market
7.Global Renewable Diesel Market, By Feedstock (USD Million) 2021-2034
7.1.Animal Fat7.2.Vegetable Oil7.3.Others
8.Global Renewable Diesel Market, By Application (USD Million) 2021-2034
8.1. Transportation8.2.Power Generation8.3.Others
9.Global Renewable Diesel Market (USD Million) 2021-2034
9.1.Global Renewable Diesel Market Size and Market Share
10.Global Renewable Diesel Market, By Region, (USD Million) 2021-2034
10.1.Asia-Pacific10.1.1.Australia10.1.2.China10.1.3.India10.1.4.Japan10.1.5.South Korea10.1.6.Rest of Asia-Pacific10.2.Europe10.2.1.France10.2.2.Germany10.2.3.Italy10.2.4.Spain10.2.5.United Kingdom10.2.6.Rest of Europe10.3.Middle East and Africa10.3.1.Kingdom of Saudi Arabia10.3.2.United Arab Emirates10.3.3.Qatar10.3.4.South Africa10.3.5.Egypt10.3.6.Morocco10.3.7.Nigeria10.3.8.Rest of Middle-East and Africa10.4.North America10.4.1.Canada10.4.2.Mexico10.4.3.United States10.5.Latin America10.5.1.Argentina10.5.2.Brazil10.5.3.Rest of Latin America
11.Company Profile
11.1.BP11.1.1.Company details11.1.2.Financial outlook11.1.3.Product summary11.1.4.Recent developments11.2.Chevron11.2.1.Company details11.2.2.Financial outlook11.2.3.Product summary11.2.4.Recent developments11.3.Diamond Green Diesel11.3.1.Company details11.3.2.Financial outlook11.3.3.Product summary11.3.4.Recent developments11.4.Eni11.4.1.Company details11.4.2.Financial outlook11.4.3.Product summary11.4.4.Recent developments11.5.Gevo11.5.1.Company details11.5.2.Financial outlook11.5.3.Product summary11.5.4.Recent developments11.6.Marathon Petroleum11.6.1.Company details11.6.2.Financial outlook11.6.3.Product summary11.6.4.Recent developments11.7.Neste11.7.1.Company details11.7.2.Financial outlook11.7.3.Product summary11.7.4.Recent developments11.8.PBF Energy11.8.1.Company details11.8.2.Financial outlook11.8.3.Product summary11.8.4.Recent developments11.9.Repsol11.9.1.Company details11.9.2.Financial outlook11.9.3.Product summary11.9.4.Recent developments11.10.Shell11.10.1.Company details11.10.2.Financial outlook11.10.3.Product summary11.10.4.Recent developments11.11.Others
12.Conclusion
13.List of Abbreviations
14.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Renewable Diesel Market projected to reach USD 51.34 by 2034, growing at a CAGR of 8.36 % during the forecast period.
Renewable Diesel Market from 2025. The Market is expected to reach USD 51.34 by 2034, at a CAGR of 8.36% during the forecast period.
Renewable Diesel Market CAGR of 8.36% during the forecast period.
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Renewable Diesel Market size is USD 51.34 from 2025 to 2034.
"Renewable Diesel Market covered By Material Type, By Feedstock, By Application"
The North America is anticipated to have the highest Market share in the Renewable Diesel Market .
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BP, Chevron, Diamond Green Diesel, Eni, Gevo, Marathon Petroleum, Neste, PBF Energy, Repsol, Shell"
The report includes an in-depth analysis of the Global Renewable Diesel Market, including market size and trends, product mix, Applications, and supplier analysis.
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