MarkNtel Advisors recently published a detailed industry analysis of the U.S. Renewable Diesel. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
U.S. Renewable Diesel Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The U.S. Renewable Diesel Market size was valued at around 99.42 MB (million barrels) in 2024 and is projected to reach 922.39 MB by 2030. Along with this, the market is estimated to grow at a CAGR of around 45% during the forecast period, i.e., 2025-30.
What are the major Driver the Global U.S. Renewable Diesel industry?
Enhancement in Government Tax Breaks & Renewable Energy Investments – Government tax breaks and investments in renewable energy play a major role in driving the US Renewable Diesel Market. The Inflation Reduction Act of 2022 has greatly impacted the extension of the USD1 per gallon blending tax credit for biodiesel and renewable diesel until the end of 2024. This policy encourages the production and mixing of renewable diesel to boost its competitiveness in comparison to traditional fossil fuels. Moreover, states such as California offer extra financial rewards for producers of low-carbon fuel through initiatives like the Low Carbon Fuel Standard, which boosts the acceptance of these fuels in the market. Federal aid goes beyond tax incentives by also including strategic investments in renewable infrastructure. For instance, the Department of Energy has dedicated substantial funds to enhance biofuel research and enhance production technologies. These efforts are crucial for decreasing reliance on foreign oil, meeting environmental targets, and improving energy stability. These policies have facilitated collaborations between manufacturers and fuel suppliers, promoting expansion and market reach while also supporting sustained development.
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What segments define the U.S. Renewable Diesel from 2025 to 2030? How do these segments contribute to market dynamics and growth?
- By Application
- Passenger Vehicle- Market Size & Forecast 2020-2030, USD Million
- Commercial Vehicle- Market Size & Forecast 2020-2030, USD Million
- Aviation- Market Size & Forecast 2020-2030, USD Million
- Marine- Market Size & Forecast 2020-2030, USD Million
- Power Generation- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
According to report, The commercial vehicle segment dominates the US Renewable Diesel Market by holding more than 30% market share, mainly because of its important function in transportation and logistics.
- By Feed Stock
- Soybean Oil- Market Size & Forecast 2020-2030, USD Million
- Palm Oil- Market Size & Forecast 2020-2030, USD Million
- Animal Fats - Market Size & Forecast 2020-2030, USD Million
- Vegetable Oils- Market Size & Forecast 2020-2030, USD Million
- Used Cooking Oil- Market Size & Forecast 2020-2030, USD Million
- By Production Process
- Hydrotreated Vegetable Oil (HVO)- Market Size & Forecast 2020-2030, USD Million
- Ethanol-to-Diesel (ETD)- Market Size & Forecast 2020-2030, USD Million
- Gasification-to-Liquids (GTL)- Market Size & Forecast 2020-2030, USD Million
- Microwave-assisted Processing - Market Size & Forecast 2020-2030, USD Million
According to report, The top segment in the US Renewable Diesel Market is the hydrotreated vegetable oil production process, known for its efficiency and versatility.
- By End User
- Transportation- Market Size & Forecast 2020-2030, USD Million
- Industrial- Market Size & Forecast 2020-2030, USD Million
Explore the Complete U.S. Renewable Diesel Analysis Report –
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Geographical Analysis: U.S. Renewable Diesel
- By Region
- North-East
- Mid-West
- West
- South
U.S. Renewable Diesel Share & Competitive Landscape:
The U.S. Renewable Diesel Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the U.S. Renewable Diesel are:
- Shell Plc
- Chevron Corporation
- TotalEnergies
- BP
- Exxon Mobil Corporation
- Honeywell International Inc.
- Cargill, Incorporated
- Eni S.p.A neste
- Equinor
- Repsol S.A.
- Marathon Petroleum Corporation
- Phillips 66
- Valero Energy Corporation
- Neste Corporation
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Global U.S. Renewable Diesel Industry Recent Developments
- September 2024: Honeywell partnered with USA BioEnergy to implement its Experion® PKS Distributed Control System at Texas Renewable Fuels' biorefinery. The system will optimize operations at the plant, which converts wood waste into sustainable aviation fuel for Southwest Airlines, supporting energy transition and aviation sustainability goals.
- July 2024: The US Environmental Protection Agency (EPA) gave Renewable Fuel Standard (RFS) pathway approval to BP Products North America to produce renewable diesel from carinata oil and diesel at its Cherry Point refinery in Washington, Biodiesel Magazine reported.
Questions Addressed in this Study
1.What factors are driving the U.S. Renewable Diesel growth?
2.How is the U.S. Renewable Diesel expected to grow over the next five years?
3.What are the key insights into the current trends in the U.S. Renewable Diesel?
4.What is the current size of the U.S. Renewable Diesel, and how is it projected to change in the future?
6.What is the future outlook for the U.S. Renewable Diesel in terms of technological advancements and market expansion?
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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