According to the latest market research report title “Europe Hydrotreated Vegetable Oil Market By Type (Pure HVO, Co-processed HVO), By Feedstock (Rapeseed, Sunflower, Soybean, Palm, Others), By Application (Transportation, [Road Transport, Aviation, Others], Power Generation), By Country (Germany, The UK, France, Italy, Spain, Sweden, The Netherlands, Finland, Rest of Europe)–Forecast to 2024″, published by MarkNtel Advisors, The 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 data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.
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Europe Hydrotreated Vegetable Oil Market Challenge
High Cost Associated of HVO as Compared to Fossil Diesel to Impede the HVO Demand – The initial cost of setting up the HVO manufacturing unit is significantly higher since these industries require specialized instruments, hydrogen supply systems, catalysts, and other reactors to produce HVOs. In addition, the maintenance costs of these equipment are also relatively higher. As a result, the manufacturers of the HVO offer the HVO at a marginally higher price to maintain the profitability of their business. The higher costs of the HVO limit the penetration of these bio-fuels in low-economy or middle-income groups, hindering the HVO market growth.
Furthermore, there are several alternatives of the HVOs in the market, like synthetic fuel, gas to liquid fuels, etc., which are comparatively available at low costs. According to Your NRG Ltd., a leading heating oil supplier in the UK, the price of the HVOs is approximately 10% higher than the conventional fossil fuel. Therefore, consumers tend to purchase alternatives or conventional fuels, which are low-priced, thus negatively impacting the European Hydrotreated Vegetable Oil Market.
EUROPE HYDROTREATED VEGETABLE OIL Market Segmentation
The EUROPE HYDROTREATED VEGETABLE OIL Market is highly robust and fragmented into numerous segments; –
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
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Key Players Operating in the EUROPE HYDROTREATED VEGETABLE OIL Market: –
Repsol
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Neste
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Eni
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Cepsa
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Key Questions Answered:
- What is the projected CAGR of the EUROPE HYDROTREATED VEGETABLE OIL Market during the forecast period?
- Which segment is expected to lead the EUROPE HYDROTREATED VEGETABLE OIL Market?
- Who are the prominent players driving market growth?
Key Offerings:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Landscape: Leading key players and other prominent participants
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