North America Renewable Diesel Market

North America Renewable Diesel Market by feedstock (Waste oils, Vegetable oils), and Country (United States, Canada, Mexico) - Forecast to 2044

Report Code: CH 8590 Mar, 2023, by marketsandmarkets.com

North America Renewable Diesel Market

The north america renewable diesel market was valued at USD 12.9 billion in 2023 and is projected to reach USD 49.1 billion by 2044, growing at a cagr 7.1% from 2023 to 2044. The growth of this market is ascribed to the growing automotive industry and an increase in concern for the necessity for reduced environmental effects and tax credits by the government and investment in renewable energy. The technological advancement and enhancing supply chain of renewable diesel is the major opportunity in the market. However, the insufficient availability of feedstock may hinder the growth of the market.

Attractive Opportunities in the North America Renewable Diesel Market

North America Renewable Diesel Market

e- Estimated, p- Projected

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North America Renewable Diesel Market Dynamics

Drivers- Tax credits by governments and investments in renewable energy

Governments across the globe are giving tax incentives and rebates to encourage the use of biofuels. For instance, the US and Europe have been providing support to the biofuel market in terms of tax incentives for producers, blenders, and suppliers. The US government gives USD 1 per gallon tax incentive to biofuel diesel manufacturers (however, the tax incentives expired on December 31, 2009). The Inflation Reduction Act of 2022 was approved by the US Senate in August 2022. The measure extends a number of current bioenergy and biofuel tax incentives in addition to including a wide variety of features that are advantageous to the biofuel and bioenergy businesses. The USD 1 per gallon blends tax credit for biodiesel and renewable diesel will be extended through the end of 2024.

Restraints- Limited availability of renewable diesel

Renewable diesel can be used in any diesel-powered engine. It can power cars on its own without needing to be blended and is a drop-in replacement for petroleum. It does not freeze at lower temperatures, unlike biodiesel, and is compatible with the current diesel engine infrastructure. The majority of manufacturers of heavy-duty trucks have also certified renewable diesel. However, it is a more recent option and has not been around as long as biodiesel. It is not yet being produced as widely and is thus less easily available to power passenger vehicles around the world. There is progress being made regarding the production of renewable diesel, but more has to be done to increase its use and accessibility.

Opportunities- Enhancing supply chain of renewable diesel

One of the main factors influencing the North America Renewable Diesel Industry is the rising demand for environmentally friendly fuels that guarantee complete combustion and can lower greenhouse gas (GHG) emissions. The demand for renewable diesel is also being fueled by its high degree of compatibility with current diesel engines. However, the demand-supply gap caused by insufficient production capacity is a major opportunity for market players. There is significant room for R&D in feedstock selection for product manufacturing, which is anticipated to open up prospects for market players.

Challenges - Availability of substitutes

The renewable diesel market may face competition from available alternatives. Long-term competitors include battery electric and fuel cell vehicles, renewable natural gas, and other alternative energy sources. While some diesel equipment might be replaced by renewable diesel, it is probable that conventional fuels will continue to be used in diesel equipment for many years to come, or conventional fuels may be used along with drop-in fuel substitutes to increase their sustainability.

North America Renewable Diesel Market: Ecosystem

North America Renewable Diesel Market Ecosystem

The Waste oil segment to register highest CAGR during forecast period.

Tallow, used cooking oil, fish oil, lard, and poultry are considered under the waste oil segment. Tallow is also used as a primary ingredient in leather conditioners, aviation biofuels, and as flux for soldering. High availability and low price have increased the use of tallows in the production of biodiesel. A large quantity of tallow is produced in the US and Australia. According to the US Energy Information Administration, in 2020, biodiesel was second to fuel ethanol as the most produced and consumed biofuel in the US, accounting for about 11% and 12% of the total US biofuel production and consumption, respectively. Used cooking oil is less carbon intensive than soybean and other vegetable oil, resulting in more tradable credits under California's low-carbon fuel standard. This has increased feedstock pricing and demand as refiners and other manufacturers compete for supplies to profit from state and federal laws and tax credits. Fat obtained from poultry is a cheap and feasible source for biofuel production.

The US is the dominant country in the North America renewable diesel market in 2022.

The US dominates the renewable diesel market in North America and is expected to continue its dominance during the forecast period. Renewable diesel has some of the highest GHG reduction scores among existing programs, including the federal Renewable Fuel Standard (RFS) and the California Low-Carbon Fuel Standard (LCFS). As a result, program members are increasingly relying on renewable diesel to achieve escalating renewable fuel objectives. According to the EIA statistics, the 12, along with existing facilities, are estimated to generate roughly 135,000 barrels per day (bpd) of renewable diesel by 2025, up from around 80,000 bpd presently.

North America Renewable Diesel Market by Region

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Key Market Players

Key players such as Neste Oyj (Finland), Chevron Group (Renewable Energy Group) (US), PBF Energy Inc. (US), Valero Energy Corporation (US), Gevo, Inc (US), Phillips 66 (US), Marathon Petroleum Corporation (US), Aemetis, Inc. (US) have adopted various growth strategies, such as acquisitions, contracts, agreements, and new projects to increase their market shares and enhance their product portfolios.

Neste OYJ produces petroleum products and offers sustainable diesel. The company operates through the following divisions: Renewable Products, Oil Products, Marketing & Services, and Others. The Renewable Products segment manufactures, distributes, and retails renewable diesel, renewable jet fuels and solutions, renewable solvents, and renewable bioplastic raw materials. The oil products division offers diesel fuel, gasoline, aviation, and marine fuel, light and heavy fuel oils, base oils, gasoline additives, engine gasoline, solvents, liquid gases, and bitumen. The direct sales of petroleum products and related services are closed by the Marketing & Services division to end users such as individual drivers, businesses, transportation providers, farmers, and consumers of heating oil. The Others division offers engineering and technology solutions.

Chevron Renewable Energy Group is an energy and transportation company. The company is engaged in converting renewable resources into high-quality, sustainable fuels. The company's primary business is developing and manufacturing biofuels and renewable chemicals. It includes petroleum, renewable naphtha, glycerin, mixed fuels, REG-9000 biodiesel, bio-heat blended fuel, and renewable naphtha. With its wide range of operational capabilities, the company can produce advanced biofuels from oils, natural fats, sugar, and greases while also offering its customers services such as feedstock development, fuel production, construction and upgrade work, operations management, fuel marketing, and fuel distribution. The US, Germany, and the Netherlands are where the Renewable Energy Group (REG) is active.

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Scope of the Report

:

Report Metric

Details

Years Considered

2020–2044

Base year

2022

Forecast period

2023–2044

Unit considered 

Value (USD Billion) and Volume (Million Gallon)

Segments

Feedstock Type

Regions

North America Region

Companies

The major players are Neste OYJ (Finland), Chevron Renewable Energy Group (U.S.), PBF Energy Inc. (U.S.), Valero Energy Corporation (U.S.), Gevo, Inc. (U.S.) and others are covered in the Renewable diesel market.

This research report categorizes the Renewable diesel market on the basis of Feedstock Type and North America region.

Renewable diesel Market, By Feedstock Type
  • Waste oils
  • Vegetable oils
Renewable diesel Market, By Region
  • North America

The market has been further analyzed for the key countries in each of these regions.

Recent Developments

  • In November 2022, Neste acquired the used cooking oil collection and aggregation business from Crimson Renewable Energy to strengthen its renewable raw material sourcing platform.
  • In September 2022, Neste acquired Agri Trading to strengthen its renewable raw material trading and sourcing to serve the increasing customer demand for renewable and circular solutions.
  • In August 2022, Restaurant Technologies and Chevron Renewable Energy Group partnered to create a circular economy to reuse restaurant cooking oil as fuel.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 15)
    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 (Page No. - 18)
    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 (Page No. - 25)
    FIGURE 6 WASTE OIL SEGMENT ACCOUNTED FOR LARGER SHARE IN 2022
    FIGURE 7 NORTH AMERICA: RENEWABLE DIESEL MARKET, 2023–2044
 
4 PREMIUM INSIGHTS (Page No. - 27)
    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 (Page No. - 29)
    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 (Page No. - 59)
    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 (Page No. - 64)
    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 (Page No. - 70)
    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 (Page No. - 83)
(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 (Page No. - 119)
     10.1 DISCUSSION GUIDE 
     10.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     10.3 CUSTOMIZATION OPTIONS 
     10.4 RELATED REPORTS 
     10.5 AUTHOR DETAILS 

This research involved the use of extensive secondary sources and databases, such as Factiva and Bloomberg, to identify and collect information useful for a technical and market-oriented study of the Renewable diesel market. Primary sources included industry experts from related industries and preferred suppliers, manufacturers, distributors, technologists, standards & certification organizations, and organizations related to all segments of the value chain of this industry. In-depth interviews have been conducted with various primary respondents, such as key industry participants, subject matter experts (SMEs), executives of key companies, and industry consultants, to obtain and verify critical qualitative and quantitative information as well as to assess growth prospects.

Secondary Research

In the secondary research process, various sources such as annual reports, press releases, and investor presentations of companies; white papers; and publications from recognized websites and databases have been referred to for identifying and collecting information. Secondary research has been used to obtain key information about the industry's supply chain, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, regional markets, and key developments from both market-and technology-oriented perspectives.

Primary Research

The North America Renewable Diesel Industry comprises several stakeholders in the supply chain, which include suppliers, processors, and end-product manufacturers. Various primary sources from the supply and demand sides of the markets have been interviewed to obtain qualitative and quantitative information. The primary participants from the demand side include key opinion leaders, executives, vice presidents, and CEOs of companies in the Renewable diesel market. Primary sources from the supply side include associations and institutions involved in the Renewable diesel industry, key opinion leaders, and processing players.

Following is the breakdown of primary respondents

North America Renewable Diesel Market Size, and Share

Notes: Others include sales, marketing, engineers, and product managers.

Tier 1= USD 1 Billion; Tier 2 = below USD 1 Billion to USD 500 Million; and Tier 3 = Below USD 500 Million.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the North America Renewable diesel market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry were identified through extensive secondary research.
  • The supply chain of the industry and market size, in terms of value, were determined through primary and secondary research.
  • All percentage shares split, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of key industry players along with extensive interviews with key officials, such as directors and marketing executives.

Market Size Estimation: Bottom-Up Approach

Data Triangulation

After arriving at the total market size from the estimation process explained above, the overall market was split into several segments and subsegments. To complete the overall market size estimation process and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size has been validated by using both the top-down and bottom-up approaches.

Report Objectives

  • To define, describe, and forecast the North America Renewable diesel market in terms of value and volume.
  • To provide insights regarding the significant factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To analyze and forecast the market based on type, reinforcement material, resin type, region, and end-use application.
  • To forecast the market size, in terms of value and volume, with respect to North America region.
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape.
  • To strategically profile key players in the market.
  • To analyze competitive developments in the market, such as new product launches, capacity expansions, and mergers & acquisitions.
  • To strategically profile the leading players and comprehensively analyze their key developments in the market.

Available Customizations:

Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:

Product Analysis:

  • Product Matrix which gives a detailed comparison of the product portfolio of each company.

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
CH 8590
Published ON
Mar, 2023
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